HRTMS Job Description Management
Senior Manager, Risk Governance and Reporting,
Country Tier III J o b D e s c r i p t i o n
JOB INFORMATION Job Description Name: Senior Manager, Risk Governance and Reporting, Country Tier III Recommended Position Title: Senior Manager, Risk Governance and Reporting, Country Tier III Country / BU Applicability: Job Code: 60056264 Job Family: Risk & Corporate Affairs Sub-function: Country Risk
JOB PURPOSE Lead the development, implementation, and maintenance of an integrated risk governance framework covering all key risk areas within a Tier III Africa Region, aligned with the Financial Conglomerate's standards. Serve as a key partner across the Risk Function, including the delivery and integration of the the Combined Assurance model. Oversee aggregated risk reporting, including liquidity risk, to key stakeholders, leveraging conglomerate resources and adhering to established practices.
JOB FUNCTIONS
Essential Functions
Develop, implement, and maintain a comprehensive risk governance framework, incorporating policies, procedures, and standards aligned with the Financial Conglomerate's requirements, while adhering to local regulatory expectations and international best practices. Integrate the Combined Assurance model and ensure alignment with the Financial Conglomerate's frameworks. Communicate and embed the risk governance framework effectively across all business units and functions within the Tier III Africa Region country, ensuring alignment with regulatory expectations, the Financial Conglomerate's "ways of work", and localised policies. Lead the production of high-quality, aggregated risk reports that provide strategic insights to the CRO, senior leadership, country Exco, and regulatory bodies, enabling proactive risk management and informed decision-making. Partner with Risk Type Heads at a group level to leverage available services offered as part of being a Financial Conglomerate. Lead periodic evaluations of the risk governance framework to assess its ongoing effectiveness, alignment with evolving regulatory requirements, relevance to the bank’s strategic objectives, adherence to the Financial Conglomerate's guidelines, and the successful localisation of group policies. Lead the development and maintenance of key risk indicators (KRIs) and risk dashboards to provide real-time monitoring of risk exposures, trends, and potential vulnerabilities across the various business units and corporate functions within the Tier III Africa Region country, ensuring alignment with Group-level KRIs. Proactively identify and analyse emerging risks and systemic threats, leveraging advanced analytical techniques and industry intelligence, and partnering with Group risk governance counterparts to provide strategic early warning indicators to senior management and the country Exco, enabling proactive mitigation actions. Lead the risk assessment process, ensuring rigorous identification, assessment, and prioritisation of all significant risks, with a focus on developing and implementing robust mitigation strategies aligned with the bank's/country's risk appetite, the Financial Conglomerate’s standards, and local regulatory requirements. Design and oversee the execution of comprehensive risk monitoring programs, utilising data analytics and advanced modelling techniques to track risk exposures, assess the effectiveness of controls, and identify areas for continuous improvement, while aligning with Group-level monitoring standards. Drive the execution of stress testing and scenario analysis exercises, assessing the bank's/country's resilience to a wide range of adverse economic and market conditions, and providing insights to inform strategic decision-making, in line with the Financial Conglomerate's methodologies and local regulatory requirements. Maintain a deep understanding of evolving regulatory landscapes and proactively translate regulatory requirements into actionable risk management practices, ensuring the bank's ongoing compliance with all applicable laws and regulations, while also adhering to Financial Conglomerate's standards.
Essential Functions
Develop and maintain strong relationships with key regulatory authorities, serving as a primary point of contact for inquiries, examinations, and reporting requirements, and advocating for the bank's interests when appropriate, while ensuring alignment with the Financial Conglomerate's overall regulatory strategy. Provide oversight for the implementation of regulatory changes impacting risk management, ensuring timely and effective adoption of new requirements across all business units and corporate functions within the Tier III Africa Region country, aligning with both local regulations and the Financial Conglomerate’s policies. Drive the development and implementation of a comprehensive risk culture program, leveraging communication, training, and leadership engagement to instil a strong sense of risk awareness and accountability across all levels of the bank within the specific country, in alignment with the Financial Conglomerate's risk culture framework. Serve as a subject matter expert and mentor, providing guidance, coaching, and training to risk officers and other staff on advanced risk management principles, methodologies, and best practices, building a high-performing risk management team, and fostering knowledge sharing with Group-level counterparts. Lead, mentor, and develop a team of highly skilled risk professionals, fostering a collaborative, innovative, and results-oriented environment that attracts, retains, and motivates top talent, while also promoting collaboration with Group-level teams. Empower team members to excel, providing guidance, coaching, and development opportunities to enhance their technical expertise, leadership capabilities, and strategic thinking, aligning with the Financial Conglomerate's talent development programmes. Create a high-performing team environment characterised by open communication, knowledge sharing, and continuous improvement, ensuring the team is well-equipped to meet the evolving challenges of the risk landscape within the specific country, and facilitating collaboration with Group-level teams. Cultivate and maintain strategic relationships with key stakeholders, including senior management, business unit heads, internal audit, and regulatory authorities, acting as a trusted advisor and partner in promoting sound risk management practices, ensuring alignment with the Financial Conglomerate's overall strategy and fostering collaboration with Group-level counterparts. Provide strategic guidance to the Country Executive, Exco and various governance committees on risk management requirements and approaches, safeguarding the Country's operational license, while ensuring alignment with the Financial Conglomerate's strategic objectives and risk management framework.
Additional Responsibilities Localise Financial Conglomerate's risk management policies and frameworks to ensure relevance and applicability within the Tier III Africa Regions country, while maintaining alignment with group standards and regulatory requirements. Collaborate with Group Risk and Financial Conglomerate counterparts to ensure consistent application of risk management principles and frameworks across the Standard Bank organisation. Facilitate knowledge sharing and best practice exchange between the Tier III Africa Regions country and the broader Financial Conglomerate network, contributing to the overall enhancement of risk management capabilities. Provide support and guidance to business units and functions within the Tier III Africa Regions country on the effective implementation of the Financial Conglomerate's risk management frameworks and policies. Develop and deliver training programmes to enhance risk awareness and understanding of the Financial Conglomerate's risk management frameworks among staff within the Tier III Africa Regions country.
QUALIFICATIONS
Education
Type of Qualification Field of Study Required/ Preferred And/Or
First Degree Business Commerce, Risk Management Required and Post Graduate Degree Risk Management Preferred
Work Experience
Experience Experience Details Required/ Preferred
More than 10 years Minimum of 10 years of progressive experience in risk management within the financial services industry, with a focus on non-financial risk. Significant experience in developing, implementing, and maintaining risk governance frameworks, policies, and procedures aligned with regulatory requirements, international best practices
Required and
Work Experience
Experience Experience Details Required/ Preferred
(e.g., Basel III, King IV), and group-level standards. Demonstrated experience in localising group policies and frameworks to meet specific country requirements.
More than 10 years
Proven experience in preparing and delivering comprehensive risk reporting to senior management, board committees, and regulatory bodies. Strong understanding of the Combined Assurance model and its practical application. Experience in partnering with group-level risk functions and collaborating across organisational boundaries. Proven leadership experience, including managing and developing a team of risk professionals. Experience in driving risk culture initiatives and promoting risk awareness
Required
Total number of years' experience 12 years
Knowledge, Skills and Abilities
KSAs Proficiency
Deep understanding of risk management principles, methodologies, and frameworks. High Comprehensive knowledge of risk identification, assessment, measurement, mitigation, and monitoring techniques. High Strong understanding of the three lines of defense model. High Extensive knowledge of the financial services industry, particularly banking, and related regulatory requirements. High Understanding of key banking products, services, and operations. High Proficiency in data analysis techniques and tools (e.g., SQL, Excel, Tableau, Power BI). High Knowledge of risk reporting requirements and best practices. High Strong understanding of corporate governance principles and practices. High Excellent written and verbal communication skills. High Ability to identify and analyse problems, develop creative solutions, and make sound judgments. High
Behavioural Competencies - Essential
Behavioural Competency Description
Exploring Possibilities Is conceptual when developing ideas; applies theories to problem solving; prefers to learn by thinking and identifying underlying principles
Developing Strategies is focused on developing strategies; thinks in the longer term and anticipates trends; envisages the future and adopts a visionary approach
Providing Insights Is focused on continuously improving things; provides insights by identifying key issues; makes intuitive judgements
Developing Expertise Is open to taking up learning opportunities; is quick in acquiring knowledge and skills; develops expertise by updating specialist knowledge.
Convincing People Is comfortable having to persuade others; shapes opinions by being outspoken; seeks to negotiate with others
Challenging Ideas Prepared to disagree and question assumptions; challenges ideas and established views; comfortable arguing own perspective
Making Decisions Is determined and decides on actions; willingly assumes responsibility; is definitive and stands by own decisions
Directing People Is comfortable leading people; coordinates and directs groups; seeks to control things
Empowering Individuals Motivates individuals by empowering them; seeks to inspire people and groups; gives encouragement to others
Embracing Change Copes with change and variety; tolerates uncertainty and ambiguity; adapts to new challenges
Behavioural Competencies - Essential
Behavioural Competency Description
Valuing Individuals Shows consideration towards others; tolerates the differences in people; values and trusts people
Adopting Practical Approaches Applies practical skills when investigating issues; prefers to learn by doing; is practically minded and applies common sense.
TECHNICAL COMPETENCIES Competency Group Governance - Risk - Compliance
Competency Level Competency Description
Evaluating Risk Management Effectiveness
5. Expert The ability to determine if risk management and control measures are achieving the desired results and mitigating risks at the expected level.
Risk Awareness 5. Expert General awareness of risk management practices in a financial services organisation.
Risk Identification 5. Expert The examination of the essential elements of risk such as; assets, threats, vulnerabilities, safeguards, consequences and the likelihood of the threats materialising.
Risk Management 5. Expert Demonstrates knowledge and understanding of risk management methodologies, tools, governance structures and regulatory requirements for good management of risk.
Risk Measurement 5. Expert The ability to define and analyse risk identification information in a quantitative and/ or qualitative way.
Risk Reporting 5. Expert The ability to prepare quantitative and qualitative analysis on the risk landscape in the business including interpretation and analysis for use by business users.
Risk Response Strategy 5. Expert The ability to facilitate the creation and adoption of an appropriate risk response strategy and to assign ownership for the risk response.
Risk/ Reward Thinking 5. Expert The ability to provide due consideration to risks, rewards and the cost of control measures in evaluating business opportunities, process and system changes.
TECHNICAL COMPETENCIES Competency Group Financial
Competency Level Competency Description
Financial Acumen 4. Advanced Knowledge and understanding of costing, budgeting and finance concepts and the understanding and application of related processes and procedures.
Financial Management (Financial)
4. Advanced Skills and knowledge to advise managers and decision makers on financial processes, control measures, budgets and financial performance.
TECHNICAL COMPETENCIES Competency Group Information Technology
Competency Level Competency Description
Emerging Technology Monitoring
4. Advanced The identification of new and emerging hardware, software and communication technologies, products, methods and techniques and the assessment of their relevance and potential value to the organization. The promotion of emerging technology awareness among staff and business management.
Competency Level Competency Description
Automation 4. Advanced In software engineering, automation involves the use of technology to perform tasks with reduced human intervention. It can include automated testing, continuous integration, and deployment, as well as other software development processes.
TECHNICAL COMPETENCIES Competency Group Data
Competency Level Competency Description
Data Quality 4. Advanced The ability to implement operational techniques and activities that are used to fulfil requirements for data quality including: improvement, control, management or assurance of data quality.
TECHNICAL COMPETENCIES Competency Group Quality Management
Competency Level Competency Description
Root Cause Analysis 4. Advanced Knowledge and application of techniques that can be applied to determine the cause of process or control failures.
Quality Management 4. Advanced Knowledge of, and ability to implement all quality management policies and procedures.
TECHNICAL COMPETENCIES Competency Group Legal
Competency Level Competency Description
Financial Industry Regulatory Framework
4. Advanced Insight into and understanding of the various laws and regulations regulating the financial services industry.
Legal Compliance 4. Advanced The ability to comply with relevant legislation, regulatory and professional standards.
SCOPE
People Management:
# Direct Resources Managed # Indirect Resources Managed
This position manages/supervises people 1-3 1-10
Managerial Archetype
Budget Responsibility
Amount Notes
R5 million - R25 million Directly accountable
Contact with Others
Represents the organization as the primary contact. Interacts with management and senior value-chain partners on matters requiring coordination across organizational lines. Achievement of objectives requires ability to influence others both internally and potentially externally.
Contacts Description CRO and Exco, Credit Risk Management / NFR Management, Country Risk Management, E&S Risk Management, Market Risk Management, Internal Audit, Group Risk Function, Business Unit Heads, Regulators, External Audit, External Consultants/Advisors.