Chief Risk Officer (CRO)
Chief Risk Officer (CRO)
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1 Vacancy
Job Description
Strategic Risk Leadership
- Drive the design and execution of a robust risk strategy aligned with the organisations overarching goals and risk appetite.
- Advise the Board and executive leadership on emerging and material risks ensuring informed decision-making and sustainable growth.
- Develop and implement integrated risk frameworks policies and tolerance levels across all functional areas.
- Lead the enterprise-wide risk function covering all key domains credit market operational compliance liquidity strategic and financial crime risk.
- Oversee the development of a common risk assessment methodology aligned with the businesss strategic tactical and operational objectives.
- Embed a positive risk culture and ensure risk controls are well understood and operationalised across the enterprise.
- Support the Internal Capital Adequacy Assessment Process (ICAAP) and contribute to balance sheet and ALM activities.
- Ensure capital is appropriately measured and allocated for all material risks.
- Establish risk-adjusted performance frameworks that enable value-based decision-making.
- Ensure ongoing compliance with all applicable legislation and financial sector regulations (e.g. PFMA Banks Act FICA).
- Lead the development and execution of contingency planning fraud prevention strategies and business continuity frameworks.
- Oversee the preparation of risk reports to the Board Risk Committees and regulatory authorities.
- Foster a high-performance inclusive culture by aligning teams to risk goals and building capability at all organisational levels.
- Ensure talent development succession planning and training initiatives are in place to maintain a future-fit risk function.
- Act as a role model for ethics integrity and resilience in leadership
- Post graduate qualification in Risk Management/ Auditing or Accounting or a combination of Business Science and a post graduate qualification.
- Registration with a professional body such as IRMSA or similar other professional organisation would be an advantage
- At least 8 to 10 years post qualification experience in a similar position in the banking industry.
- Thorough understanding of banking practices and the associated risk management thereof.
- Proven track record in managing risk management department(s) in a similar environment
- Good understanding of integrated risk management processes and techniques governance frameworks and emerging practices
- Good understanding of capital management allocation concepts and methodology
- Understanding of financial and strategic planning Good understanding of regulatory environment (e.g. PMFA Banks Act FICA etc)
Required Experience:
Chief
Employment Type
Full-Time
