Scheme Risk and Administration Manager

PayInc is a purpose-driven payments provider building on over 54 years of trusted history in South Africas payments ecosystem. Our mission is to connect people businesses and economies through secure efficient and inclusive digital payments infrastructure and be a catalyst for financial inclusion and economic growth. From EFTs and cards to PayShap and TCIB PayInc provides the backbone that enables money to move safely across the economy. At our core we exist to make great connections empowering participation enabling growth and ensuring no one is left behind.

PURPOSE

The main purpose of the Scheme Risk and Administration Manager Scheme is twofold: Risk Management and the Administration of the Members for the TCIB Scheme.

To drive sustainable business value for the organisation and the TCIB Scheme through effective management of risk business continuity and member administration while ensuring that appropriate risk management and compliance frameworks processes and controls are implemented and maintained. The role ensures adherence to all applicable laws binding regulations and governance requirements specifically the TCIB Scheme Constitution TCIB Rulebook SADC Banking Association requirements and SADC PSOC requirements.

You will engage with the following stakeholders:

Internal:

• TCIB Participant Forum
• Relevant TCIB Forum Sub-committees
• SADC Regulators and PSOC (Payment System Oversight Committee)
• Scheme Stakeholders (SADC BA SADC RTGS etc.)

External:

• Chief Executive Officer
• Senior Management
• Middle management
• Risk Executive Committee
• All Legal & Governance team members
• Shared Services Management

Your key responsibilities include:

PayInc as the TCIB Scheme Manager is responsible for the overall administration and management of TCIB Scheme this includes assure:

• the development and maintenance of interoperability rulebook and participant access criteria
• overseas and manage participant conduct
• ongoing risk analysis and management scheme
• all the underlying functions to promote sound risk and good conduct and use

The position will actively run the industry risk functions of the scheme and the member administration.

This will include:

• Develop and maintain the Industry Risk Management Process in alignment with international standards (ISO 31000) and the approved PayInc Risk Management Policy and Framework.
• Facilitate and coordinate quarterly Industry Risk Management sessions for TCIB with all relevant industry stakeholders.
• Ensure that the criteria for nominating Industry Risk Management representatives are up to date and that all members have completed and signed their nomination forms.
• Review and update the Industry Risk Management Terms of Reference on a bi-annual basis and facilitate their approval through the Participation Forum.
• Develop implement and manage the TCIB Industry Risk Management Programme.
• Promote and embed a strong risk management culture and awareness across the industry.
• Facilitate quarterly TCIB Industry Risk Management Forums with risk leaders to identify assess and address current and emerging risks that may impact TCIB objectives.
• Facilitate Monthly Product risk register reviews with key stakeholders within TCIB to identify potential risks impacting on the sustainability of TCIB.
• Coordinate Monthly risk assessment and report back to the risk office on TCIB risk product risk outside pre-defined risk tolerance.
• Prepare OpsCo and Risk Management Forum reports in line with monthly risk reviews and defined action plans
• Develop and oversee comprehensive risk management processes and monitoring systems to track the implementation of controls and actions designed to mitigate potential risks.
• Identify monitor and analyse key risk indicators tolerances and trends ensuring alignment with strategic objectives.
• Recommend appropriate strategies and controls to mitigate or reduce risks within the TCIB industry framework.
• Prepare detailed reports and presentations outlining findings risk positions and recommendations for improvement and corrective action.
• Support monthly (Executive and Senior Management) and quarterly (Board and Board Subcommittee) risk reporting processes.
• Analyse new legislation in relation to TCIBs strategic objectives to determine operational impact and associated risk exposure.
• Maintain accurate and up-to-date data within risk management information systems and databases (e.g. Rubiq).
• Oversee the approval and closure of audit findings related to the Enterprise Risk Management (ERM) function.
• Compile and submit all required information and supporting documentation for the FMI Risk Expedition to the Regulator.
• Facilitate annual Business Continuity Simulation exercises for active TCIB Participants to enhance Scheme resilience and reduce operational disruptions.
• Ensure that all Business Continuity Plans for active Participants are current validated and tested.
• Continue promoting a proactive and positive risk management culture within the organisation.
• Ensure effective TCIB member compliance governance and administrative oversight (Member retractions and welcome).
• Facilitate all TCIB Governance Forums including the Participation Forum Working Group and Industry Risk Forums.

QUALIFICATIONS / KNOWLEDGE

• Highest level of education: Degree in Risk Management or an equivalent
• Member of a Risk Management Professional Body
• Certified Risk Management Professional

EXPERIENCE

• Minimum 4 -5 years experience in risk management
• Minimum 3 years risk experience (Risk Champion Risk CoordinatorRisk Specialist)
• Experience in enterprise risk management and business continuity management