(Land Bank) is South Africa's only specialist agricultural bank established in 1912, the bank's 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 JOB
Develop and facilitate the implementation and maintenance of a fit-for-purpose Enterprise Risk Framework, which includes the Operational Risk, Financial Risk, Strategic Risk and IT Risk, within Land Bank thereby safeguarding the Land Bank, its assets, customers, reputation and the interests of stakeholders by identifying as well as managing all threats to the achievement of its business objectives.
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Key Performance Areas
1. Facilitate and manage the implementation and maintenance of a fit-for-purpose Enterprise Risk Management Framework that aligns to the Banks core risk strategy
Maintain updates to the ERMF, including sub frameworks
Create awareness and training
Train Champions and Management
Train and create awareness
ERMF tools as part of systems Build
ERMF inclusive in RCSA
Integrate Reporting(Board, Management Committees)
Assist with Risk and Governance collation of pack
ERM analysis, root cause analysis and risk assessment recommendations to Exco and Board
Monitoring and updating the Strategic Enterprise Risk Register
Monitoring consistent application of ERM
Keep a register of Top ERM risks
Emerging Risk trends
Ensure capturing of all ERM incidents
Review SLA and business processes
2. Develop and facilitate the implementation and maintenance of a fit-for-purpose Operational Risk Management Framework
Develop and maintain a fit-for-purpose Operational Risk Management Framework (ORMF) aligned to the latest methodologies and best practice
Ensure the consistent implementation of the Operational Risk Management Framework within the organisation and alignment to strategic goals
Develop and maintain Operational risk policies, manuals and procedures
Liaise with Head: Operational Risk and business units on risk related matters
Analyse business unit risk reports and provide appropriate recommendations
Ensure risk reports are produced, monitored and discussed with management in line with the ERM framework
Provide support to business unit management in carrying out their respective risk management responsibilities
Represent risk at key stakeholder forums and committees
Facilitate proper allocation of responsibility and accountability (i.e. DOP)
Conduct risk & control self-assessments on new products, and strategic initiatives within the bank
Assist in the identification and quantification of the Bank's risk appetite
Co-ordinate and facilitate workshops on the top risks of the organisation, identify, assess, measure, monitor and report on the risks
Developing and facilitating the collation, analysis and reporting of key risk indicators, and instituting a process for escalation and addressing identified control weaknesses
Support BU's risk owners and champions in preparation for risk assessments
Monitor and review the documentation from operational risk tools and other reporting in BUs to ensure consistency in terms of delivery within timeframes
3. Facilitate the reporting of ERM for Board and Management committees reporting processes by creating an effective reporting mechanism.
Develop and implement a framework for reporting
Develop reporting dashboards
Ensure information is integrated in a timely manner
Ensure accuracy of ORM reporting and information
4. Stakeholder engagement and coordination of operational risk related committees, meetings, initiatives...etc.
Co-ordinate Enterprise Risk Committee (ERCO) meetings
Support BU management to ensure that strategic decisions within the business areas take full accountability of the current and emerging enterprise risk profile
Recommend value add risk management solutions to reduce the risk of re- occurrence and impact
Ensure that risk issues identified are monitored, reported, escalated to relevant person/s & Committee/s and corrective actions are taken
5. People Management (Indirect and Direct Reports)
Performance Management
Analyse the business plan to determine the applicable deliverables and targets
Compile the Performance Management documentation in collaboration with the staff member in terms of:
Job Profile requirements
Key Performance Areas
Personal Development Plan
Conduct performance planning session and Track and monitor performance in accordance with performance contracts
Conduct performance reviews in accordance with policies and procedures and take corrective actions where necessary
Provide coaching and feedback to employees on how to improve and sustain their performance
conjunction with the Human Capital Business Partners
Conduct disciplinary actions as per Land Bank's policy and procedure where necessary
Risk Champion management of KPI's and performance assessment
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Preferred Minimum Education and Experience
Relevant 4 year tertiary risk management degree or equivalent qualification (operational risk)
5-8 years Experience in Enterprise and/or Operational Risk Management
5 years Experience within a risk or auditing environment
3 years Experience in a leadership or management position
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Critical Competencies
Microsoft Office
Business / Financial acumen
Risk Management Frameworks
Knowledge of Operational Assessment methodologies and tools
Project Management Principles
Knowledge of Business and Commercial Law Principles
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Additional Requirements
Travel as and when required
Extended hours as and when required, including weekends
* Ensure availability on cell phone when finalizing reporting for ERCO and Board submissions
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