Assist with developing a strategy for the WIMI Governance and Control Management function to achieve the strategic objectives set by WIMI Exco.
Contribute to the development of the WIMI remediation strategy and be accountable for the implementation thereof to support the management of the BU’s Risk Profile.
Ensure business partners within WIMI undertake strategic planning that is mindful of Risk through regular engagement with them.
Be an active and accountable member of the WIMI G&C Corporate team.
Define and embed pro-active remediation of control issues identified from CPAs, Combined Assurance Reviews, Road-to-Satisfactory (RTS) , Risk Events, Policy-
Dispensations, Waivers and Breaches, Complaints management process, Key Risk Indicators etc. across all WIMI business units.
Ensure ineffective controls are accurately and timely remediated to mitigate the identified risk.
Support business partners with tools and templates to capture their control data. Ensure that data is checked on, consolidated for BU before submission to Assurance Providers.
Review information compiled for remediation update, and support business partners or Action owners in developing adequate controls to manage the risk down to within acceptable levels.
Actively participate in the review of existing & emerging risks, and support the implementation of associated remedial actions.
Participate in project management assignments as required, such as ones related to risk and control enhancements; process improvements;
new regulatory requirements, remediation etc.
Participate in the identification and escalation of issues, formulation of remediation plans and execution against agreed remediation plans to resolve controls issues or any matters that are likely to cause breaches in the risk appetite.
Drive the design and maintenance of effective internal controls and participate in risk management strategies and processes in order to secure business objectives within risk appetite.
Develop and maintain relationships with relevant stakeholders e.g. Risk, Audit, Compliance, Operations, Business Heads etc.
to understand their continuous requirements and gather feedback to meet and better their expectations.
Maintain and develop awareness with senior management of risk and control management issues and changes across all WIMI business units.
Engage relevant business stakeholders on a regular basis to ensure risk management methodology is best practise and fit for purpose.
Attend and actively participate in relevant risk oversight forums / committees to identify common risk and control themes and issues;
and action accordingly.
Provide regular and ad-hoc risk communication (reporting and escalations) as appropriate to key stakeholders in WIMI; and provide necessary progress updates.
Provide recommended actions to business stakeholders through identifying and analysing any commonalities of the drivers of control failures.
Role / Person SpecificationEducation and Experience Required :
Minimum of Bachelors’ degree in Business / Commerce / Auditing / Assurance / Risk Management or equivalent field) (NQF level 6)
Proven track record of successful development, implementation or enhancement of Governance, Risk and Control Management or commensurate experience for at least 3 years in a major financial institution or Big 4 bank.
At least 3 years of internal Audit, Risk Management or Business Operations participation / interaction.
Experience in dealing with complex and multiple stakeholders.
Exposure to all risk elements including operational risk management, assurance, fraud and compliance.
Working knowledge of financial products related activities.
Knowledge and Skills :
Good understanding of risk management principles, practices, and techniques
Ability to maintain good relationships with G&C internal and external stakeholders
Good communication skills at all levels
Networking and stakeholder management
Strong decision making skills
Strong root cause analysis and control remediation
Deciding and initiating action
Entrepreneurial and commercial thinking
Relating and networking
Adapting and responding to change
Persuading and influencing
Delivering results and meeting customer expectations
Planning and organising
Presenting and communicating information
The appointment will be made in line with the Divisional Employment Equity strategy.