about us
- Take pride in what we do and our contributions to our organisation.
- In our owner-manager culture, we take responsibility and accountability for our actions and we don’t run away from our problems, but tackle them head-on.
- Are empowered to innovate and come up with new ideas, as we value and nurture new ideas.
- Embrace the concept of Botho with our understanding of the communities in which we operate. We have unity of purpose where the whole is greater than the part; therefore, no individual or department can function at the expense of another.
- Respect the feelings, rights and abilities of our colleagues, clients and communities, even though they may be different from our own. We respect ourselves and our colleagues by not accepting or delivering average or poor performance. If the FNB values are congruent with your value set, and you have the necessary skills and competencies for the position advertised, then we are looking for you.
purpose
Accountable for the support, implementation and management of the risk function for a specific business unit in order to minimize losses.
experience and qualifications
- Minimum Qualification : Degree or Advanced Diploma in Risk management
- Preferred Qualification : Post-graduate degree in finance / maths / statistics / financial risk management
- CFA or FRM qualification would be an advantage
- Experience: At least 5 years experience in asset/liability management or risk management
- Thorough understanding of banking products and financial instruments.
- Experience in advanced analytics and risk measurement
responsibilities
- Manage costs / expenses within approved budget to achieve cost efficiencies
- Establish a sound risk management culture through awareness of campaigns to influence behaviour and drive the importance of compliance
- Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SMEs, project managers and senior staff members
- Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
- Translate strategies into actionable goals and execute relevant projects / initiatives aligned to strategic objectives with specific performance measures and control systems to track progress
- Comply with governance in terms of legislative and audit requirements
- Implement business performance and risk management frameworks and relevant risk methodologies
- Reconcile and report on monthly risk loss
- Manage operational risk on a day to day basis which includes monitoring and reporting. This should include measures and procedures for: – understanding key processes, risk identification, risk analysis and assessment responding to risks identified and assessed adequate information and communication and monitoring of risk management activities
- Ensure that necessary action is implemented to reduce the operational risk to an acceptable level
- Manage and ensure compliance to the Basel II accord
- Benchmark current practices against the risk management framework and adjust practices as and when necessary
- Identify and implement risk management initiatives and compile risk mitigation plans in order to proactively action identified risks
- Provide qualitative risk status reporting with accurate and reliable business intelligence (information) together with analyzing trends and data
- Plan and manage performance, skills development
- Responsible for establishment and maintenance of the FNB Treasury Risk Frameworks for Asset and Liability Management. The said Treasury risks include Liquidity Risk, Currency Risk and Banking Book Interest Rate Risk
- Ensure full compliance with Group and regulatory requirements
- Propose ALM risk limits, ensuring that portfolio mandates are in place across FNB in line with FNB risk appetite
- Research best practice and make recommendations on implementation of new developments and improvements in FNB risk management processes
- Monitor FNB ALM risks and ensure that the exposure and utilisation is in line with the risk limits
- Ensure that mandate and limit breaches and non-compliance thereof are escalated to appropriate forums
- Ensure implementation of Basel II requirements across all portfolios
- Ensure adequate governance processes are in place (frameworks and regulations)
- Provide independent oversight on ALM risks
- Ensure coordination with Internal and External Audit engagement
- Develop appropriate metrics for each of the Treasury Risks
- Continuously assess appropriateness of metrics and measurement methodologies
- Review Economic capital methodology relating to ALM
- Review the stress testing of assumptions & BAU back testing results for each Treasury Risk
- Oversee risk limit calculations
- Co-ordination and production of the ALCO pack sections and presentations relating to ALM risks as well as facilitating and standardising the reporting into appropriate forums in appropriate frequency both in-country and for Group
- Coordination and submission of the quarterly Key Management Process reports relating to ALM risks in the banking book to the FNB Board’s Risk & Compliance Committee
- Ownership of all the ALM Risk regulatory reporting
- Ad hoc reporting relating to ALM risks reporting relating to: Balance Sheet management (economic capital requirements) Annual financial statements (relevant sections of the Risk Report)
- Communicate results of risk analytics and measurement to Treasury, ALCO and to the Macro Portfolio
- Industry liaison (domestic and international)
- Responsible for the development and maintenance of strategic relationships with: Senior management (ALCO) Regulator, FRM, Balance Sheet Management (Risk Measurement, Macro Portfolio Management Pillar), Group ALM Risk Management, Develop and maintain relationships with peers in broader ERM to keep up to date with latest developments across FirstRand w.r.t risk frameworks, disclosure requirements etc.
Closing date: 01 April 2022