Overview
Operational Risk Specialist – Bellville Jobs in Bellville at Metropolitan Life
Introduction
Metropolitan is one of the oldest financial services brands in South Africa. With a 125-year legacy of serving the communities in which it operates, Metropolitan represents true empowerment in serving Africa’s people through affordable financial solutions that create financial growth and security. Metropolitan operates in South Africa, but the brand is also present in 7 African countries including, Namibia, Botswana, Kenya, Ghana and Lesotho. Metropolitan provides financial wellness solutions that meet the needs of low-income clients, including funeral insurance, health, savings, hospital cash-back cover, retirement solutions and life insurance. www.metropolitan.co.za
Disclaimer
As an applicant, please verify the legitimacy of this job advert on our company career page.
Role Purpose
Identification, assessment and evaluation of operational risks in the business. Provide appropriate mitigation plans to the business and support the business with the implementation of such plans in order to prevent or limit financial exposure and operational risks.
Requirements
BCom Risk Management / Accounting / Financial Management or related degree
Knowledge of applicable legislation landscape
5+ years’ experience in risk management or related
Business acumen
Stakeholder commitment
Drive for results
Leads change and innovation
Critical thinking and inquisitive nature
Reporting skills
Problem-solving skills
Methodical and systematic approach
Planning skills
Analytical thinking
Attention to detail
Duties & Responsibilities
INTERNAL PROCESSES
Develop and implement operational risk system including monitoring and reporting tools.
Implement relevant operational risk policies and procedures.
Perform regular operational risk evaluation of key processes and systems.
In case of a suspected operational incident perform and prepare a detailed incident review.
Guide / coordinate mitigation plan development and implementation.
Challenge and test existing and new proposed processes for operational risk exposure.
Drive development of remedial plans with risk owners to manage risks to desired levels on an ongoing basis, ensure ongoing monitoring of remedial plans.
CLIENT
Engage with business and process owners on an ongoing basis.
Advise management on emerging trends and potential operational risk threats to the business.
Review these processes and where necessary develop mitigating controls, process improvements. And management plans to mitigate deemed weaknesses.
Feedback to business the outcomes of operational risk assessments and agree appropriate management actions.
Consult on setting risk appetite and thresholds.
Facilitate scenario analysis.
PEOPLE
Develop and maintain a productive and collaborative working relationship with peers and stakeholders.
Manage the productivity of the supporting teams, balancing limited resources relative to significant volumes of operational processes and potential exposures.
Continuously develop business and emerging operational risk skills and knowledge of own and team.
Contribute to continuous innovation and enhancement of operational risk process, tools and system.
Engage and participate in industry bodies and with regulators.
FINANCE
Identify and mitigate fraud trends to ultimately limit the total exposure due to operational losses.
Manage financial and other company resources under your control with due respect.
Competencies
Examining Information
Meeting Timescales
Producing Output
Interpreting Data
Checking Things
Taking Action
Providing Insights
Upholding Standards
Title: Operational Risk Specialist – Bellville
Company: Metropolitan Life
Location: Bellville
