(789) Risk and Compliance Coordinator

Brief description

 

The main purpose of this position is to drive and coordinate the implementation and maintenance of the risk and compliance management frameworks, programme and reporting processes for the Prudential Authority (PA).  

Detailed description

 

The successful candidate will be responsible for the following key performance areas:

 

• Coordinate and facilitate the implementation of the risk and compliance frameworks for the department. 
• Utilise the available risk management, compliance and audit tools to monitor and report on related issues to ensure sound governance. 
• Schedule and facilitate regular compliance risk assessments to verify adherence with legislation, standards and policy requirements of the South African Reserve Bank (SARB). 
• Schedule and facilitate regular operational and specialised risk assessments, including business impact and business continuity plan assessments, and coordinate incident response and recovery. 
• Monitor and track management action plans for strategic, operational cyber and physical security and compliance risk.
• Create risk (including cyber and physical security) and compliance awareness within the PA through campaigns and appropriate media.
• Assist with other risk and compliance-related duties on an ad hoc or project basis as requested by management. 
• Proactively monitor and track external regulatory obligations. 
• Stay abreast of developments in risk and compliance, ensure application thereof and update applicable documents. 
• Coordinate and support employees with the completion of annual declarations. 
• Log and report risk incidents on the SARB’s centralised risk incident tool and monitor action plans.

Job requirements

To be considered for this position, candidates must be in possession of:

 

• a National Diploma (NQF 6) in Auditing, Compliance Management, Finance or Risk Management; and 
• a minimum of three to five years of experience in a risk, compliance or audit facilitation environment. 

 

The following would be an added advantage:

 

• ISO22301 training (fundamental); and /or 
• ISO22301 Lead Implementer certification

 

Additional requirements include:

 

• knowledge and understanding of:
  • industry, organisational and business awareness; 
  • quality assurance; 
  • continual improvement; 
  • continual learning and/or professional development;      
  • risk and compliance strategy;
  • legislation, governance, risk and compliance;    
  • risk and compliance planning, assessment facilitation, monitoring and reporting;
  • risk and compliance administration; 
  • risk and compliance information management;
• problem-solving and analytical skills;
• planning and organisational skills;
• a drive for results;
• verbal and written communication skills;
• interpersonal skills;
• impact and influence;
• learning focus;
• teamwork skills;
• the ability to build and maintain relationships; and
• judgement and decision-making skills.

 

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her experience and competence.

 

About SARB

 

Primary mandate of the SARB

 

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

 

WHAT WE DO

 

Monetary Policy

 

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

 

Financial Stability

 

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

 

Prudential Regulation

 

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

 

Financial Markets

 

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

 

Financial Surveillance

 

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

 

Payments and Settlements

 

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.

 

Statistics

 

The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

 

Research

 

Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

 

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.