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Manager Risk Control - GMO

Job Ref
249393
Job Type
Permanent
Employer Type
Recruitment Agency
Date Added 19 Dec 2014
Expiry Date 2 Feb 2015
* There has been 1 application to this job.
* This job has been viewed 3555 times.
Employer:
Freesource Placement Group

Location:
Gauteng

Salary:
R450000 - R900000 PA

Benefits:
Typical Benefits of those of a large corporate with attractive performance based bonuses


Role details:
- - - - - - - - - - - - - -
A leading commercial bank is seeking to engage the services of an OPERATIONAL RISK MANAGER in which the appointed individual will be tasked with the delivery of a pre-emptive control framework for the Global Market Operations, GMO Processing and Securities functions\n\n

Preferred Qualification and Experience

B. Commerce with a major in Accounting or Financial Risk preferred

Knowledge/Technical Skills/Expertise

Will be expected to have detailed product knowledge in a number of different risk profiling functions supported by a deep understanding of the procedures that support the risk process lifecycle. Operations knowledge relating to Global Markets and Securities.
Business Continuity
ISO 9001
Reconciliations and Balance Sheet Substantiation
Understanding of daily P&L reporting to traders
Knowledge of Global Markets systems.
MS Office Excel, Access and PowerPoint

 
\n\n

Job Purpose

This is a middle manager level role in which the appointed individual will be tasked with the delivery of a pre-emptive control framework for the Global Market Operations, GMO Processing and Securities functions.
The role will deliver true value-add in the control environment by establishing and maintaining the necessary control processes and escalation paths within GM Operations,
GMO Processing to adequately control the processes and functions supported within those business lines.
To contain Operational Risk losses
Managing the administrative tasks as and when required.
Retaining the certification of the department to the ISO 9001 quality management system.
Ensuring that risk related MIS is provided to customers when required.
Implementing the operating model of Operations Control
Ensuring that reporting is completed on time.
Ensuring that any exceptions are escalated to the appropriate levels of management.

Key Responsibilities/Accountabilities
The role holder will be responsible for execution of the control standards across all locations within GM Operations, GMO Processing.
Cost and Efficiency:

Create a commercial spirit and approach to ensure that cost control, operational efficiency and scalability underpin all our support services
Have input into the annual budget for the Risk Control function that supports GM Operations, GMO Processing.
Contain all controllable costs within budget.

Control:

Operate well controlled, proactive processes that comply with internal and external requirements
Establish the First Line of Defence for the controls applied to the Operational processes within CIB Operations.
Establish and maintain the Mission Critical Processes (MCP), Sub-processes and underlying controls needed to effectively manage control across the underlying GM Operations, GMO Processing functions.
Ensure that key controls and all important qualitative / quantitative assessments of the control profile for GM Operations, GMO Processing  are properly represented in the MI Dashboard reporting prepared for Global CIB Operations Control.
Pro-active monitoring of control breaches to identify systemic control issues / themes.
residual risks post control deployment.
Maintenance of robust reporting mechanisms for risk and performance indicators, exceptions, trends, operational incidents, executive status reporting and escalation of issues in a timely manner.
Own the timely closure of findings raised by Internal and External Audit or to ensure a suitably worded motivation requesting extension is submitted prior to the audit findings becoming overdue.
Service and Capability: Provide premier quality services supporting both our internal and external clients
Work in partnership with other business partner functions embedded in the wider risk framework (Operational Risk, Compliance, Financial Crime Control and Internal Audit) to ensure that controls are adequately identified and measured appropriately via the KCI process.

Change:

Implement efficient and timely change to support key Business and IT objectives
Be committed to championing best practice, and positively supporting business and cultural changes within GM Operations, GMO Processing
People: Become the Employer of choice for the Employee of choice
Contribute in creating a high performance culture to ensure delivery of a world-class control execution service which is competitively benchmarked within the industry.
Ensure that all non-managerial staff members are productive and assisting in achieving the team goals
Pre-emptive monitoring of the process lifecycle to identify potential control weaknesses.
Effective monitoring of the use of CODAC for GM Operations GMO Processing.
Hold the management and leadership responsible for the performance of the control execution process within GM Operations GMO Processing.
Execute and maintain a robust and scalable Business Operating Model to support the management oversight of all control processes within GM Operations, GMO Processing.

This will include:

Detection of control failures (including operational incidents and process failures relating to control) with suitable Root Cause Analysis (RCA) and failure remediation.
Implementation of solutions to close control gaps



 
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