Job Description

Closing Date 2024/07/11
Reference Number LAN240704-2
Job Title Head: Operational Risk
Division Risk Management
Unit Risk Management
Job Type Classification Permanent
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
Job Advert Summary(Land Bank) is South Africas only specialist agricultural bank established in 1912, the banks sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.MAIN PURPOSE OF THE JOBTo lead and establish appropriate Operational risk management principles within the organisation by developing implementing and maintaining risk management policies, standards and processes in line with the strategic objectives of the corporate plan of Land Bank. The incumbent is responsible for setting the approach in Identifying, Assessing, Managing, and Reporting in respect of the Operation -Wide Risk Framework.
Key Performance Areas1. Design, Developing, Driving and Integrating the Operational-wide Risk Management framework & Policies within Land Bank

• Design, develop, implement and integration of an Operational -Wide Risk Framework(ERMF) and Policies
• Drive and integrate the ERMF by ensuring ERM maturity and risk culture in the Bank
• Create risk training & awareness within the organisation to entrench a formal risk management approach
• Develop all risk management policies within Risk Division and Policy Frameworks for the Land Bank
• Develop and oversee the agreement on roles, responsibilities and standardised risk assessment criteria
• Provide guidance for the development of risk staff capability within the organisation

2. Identify, Assess and Manage and report relevant risks in respect of the Operational Risk Framework.

• Monitor breaches to risk appetite and recommend to Board Risk Appetite considerations

• Recommend risk appetite in accordance with Operational Risk Management Framework (ERMF) and Land Bank Strategy
• revise limits throughout the Land Bank
• publish risk appetite report
• present the report to the Board for approval
• Conduct risk assessment maintain a comprehensive risk register and quantitatively evaluate and assess risk
• Arrange Risk workshops to undertake these assessments both for Management & Board on quarterly & annual basis and more frequently for individual Business units to ensure risk registers are updated and accurate

• ensure there is business continuity and disaster recovery strategies and plan across the Bank are in place
• Identify and report all key risks both strategic and operational risks to CRO, Exco and Board through risk registers and CRO report
• Monitor and reporting on operational risk exposures and incidents
• Implement risk identification strategies and controls to minimize operational risk
• Provide guidance and training of staff on operational risk management

3. Manage stakeholder relationships (Exco / Board / Board sub committees / National Treasury / Operational Risk and Process Risk Committee chair, including but not limited to these committees)

• Set-up meetings with the role players to discuss the roles and responsibilities and possible areas of cooperation, improvement and conflict
• Obtain mutual agreement on the resolution of issues, meetings required and the delivery of inter-dependent outputs and results
• Agree to the expected outcomes from each party and set-up SLAs where required
• Monitor the performance of all relevant role players continuously to ensure that the agreements are honoured
• Inform the relevant role players of the outcomes, deviations and actions required
• Implement continuous follow-up to ensure that the relationship is maintained
• Compile a database indicating the role players, expected outputs, contact details, type of agreements and relationships
• Document the interaction with the relevant role players for future reference purposes and archive

4. Oversight, Monitoring and evaluating and Identification of key risks for the organisation - ERM

• Develop appropriate monitoring and evaluation systems, including effective use CURA and other Risk related systems,
• Overseeing the implementation of implementation of risk management tools and systems to support effective risk measurement and reporting
• Monitor and evaluate adherence to policies and procedures
• Monitor and evaluate concentration, sector and portfolio risks related to operational risks and other risks. Oversee all risks including credit risks, business risks, IT risks, people risks, amongst others that may impact operations and ensure they are adequately addressed by respective Risk Owners.
• Monitor business performance related KPIs to operations
• Manage Business Intelligence

5. Departmental and People Management

• Performance Management
• Capacity Planning
• Financial Management

Preferred Minimum Education and Experience

• Relevant 4 year tertiary qualification (B Com, BA, LLB, Risk Management, Business Management or related) - Postgraduate
• 8 - 10 years experience in Operational Risk Management ; Enterprise Risk Management, Compliance, Ethics, Governance

Critical Competencies

• Policies and Procedures
• Operational Risk environment
• Business Acumen
• Legislation
• Business Environment
• Operation Risk Modelling (Qualitative and Quantitative)
• Process Engineer
• Legal knowledge
• Microsoft Office
• Governance

Additional Requirements

• Extended hours as and when required.
• Travel as and when required

Land Bank