Chief Risk Officer, Mauritius

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

To lead, manage and deliver an integrated and independent Risk Management Function within a Legal Entity. Ensure that all risk types are managed, the operating model has been implemented and balancing the interests of clients and other stakeholders, while protecting the safety and soundness of the entity, while ensuring the ethical standards are adhered to and maintained within the Country.

Ensure the implementation of the Risk Management Framework (including the risk culture) in the country (legal entity) to ensure all relevant risk types, including emerging risks, are identified, assessed and measured, managed and reported to the country leadership team, as well as  appropriate Risk and Board oversight committees.

Adopt a Combined Assurance approach in line with the Group Risk Assurance Operating Standard.

Embed the use of stress testing results to benefit risk management and decision-making at various levels in the organisation.

Lead and drive the  adoption of risk management policies and procedures, meeting country requirements and aligned to those of the SBG.  Provide assurance to the local and Group and Business Unit (BU) that relevant policies, standards and frameworks are appropriately adhered to.

Implement the operating model capabilities, policies, processes, standards, regulations, core technologies / digital platforms, functional structures, supporting standard job descriptions and skill requirements for the country. Ensure that services delivered are fit for purpose in country.

Monitor adherence to minimum standards for Risk Management to ensure compliance with statutory and regulatory laws within the Country. Comply with the regulatory reporting and risk disclosure requirements to maintain compliance with group and local regulatory authorities.

Coordinate BUs in informing the Board about the risk appetite setting process and manage risk appetite, as mandated by the Board. Validate any remediation plans proposed by BUs/SMEs to address flagged risk breaches.

Develop and implement the Risk Management People plan  aligned to Risk objectives within the Country with support from the People and Culture Function. Identify current and future employee skill requirements in consultation with People and Culture Function and drive the development of people within the Country.

Lead the Risk Management Function across the Africa Regions Countries in line with employee engagement principles, including employee lifecycle from recruitment through to exit, performance management, learning and development, employee relations, retention and reward and people administration, to ensure a high performance culture.

Display personal, team, organisational and bold leadership skills. Create confidence that enables leaders to make decisions, take calculated risks and push boundaries, without compromising the enterprise's reputation and integrity.

Drive a risk culture of transparency, accountability and consistency within the country to support responsible decision-making, upholding of the highest levels of integrity and meeting regulatory and reputational requirements.

Manage and cost control the total cost of the risk function. Ensure that the cost allocation of risk costs by business unit or services from group are understood and managed. Drive cost management and budgetary adherence, including the development

Manage and cost control the total cost of the risk function. Ensure that the cost allocation of risk costs by business unit or services from group are understood and managed. Drive cost management and budgetary adherence, including the development and management of the operational budget and unit cost management to control cost within budget. Ensure cost allocation of resources and services are managed

Drive the adoption of technology within the Risk Management Function to ensure the use of the appropriate technology and correct behavioural principles for use of technology within the Risk Management Function. Monitor adherence to relevant technology policies and standards and Group Architecture.

Enable capital and functional cost improvements, improved risk, controls and compliance, data access, quality and integrity, governance driven predictability, accelerating change readiness and business agility within a Country including the automation of controls

Engage proactively with stakeholders and the environment at large to understand and manage risks within a Country. Lead and control risk management for the Country to ensure the enterprise is prepared to withstand the test of any current and future risks by influencing the relevant stakeholders.

Board reporting,  including agenda items, of all risks to be aligned to the group standard for reporting.  Monitor and report all matters relating to risk management to the Standard Bank Group, Country Exco/Board and the Chief Risk Officer,  Africa Regions .

Guide the Country leadership, Country Board and Committee's in terms of risk management and approach to ensure the Country retains its licence to operate. Manage the risk consequences of decisions made on behalf of the Country.

Provide guidance and advice in managing various types of risks, complex problems and key opportunities that have been identified within a specific Country or Region.

Education

First Degree:  Business Commerce, Generic Management, Banking, Risk Management (Required)

Masters Degree: Risk Management (Preferred)

Work Experience

Total number of years' experience: 13 years

This role requires a leader seasoned and expert in Risk Management with profound knowledge in the full dimensions of the field. Regulatory environment savvy, a proven track record in large scale and high-level leadership and capable of influencing seasoned leaders in their own right as well as employees. As an influential leader has the capacity to navigate through the landscape of relevant decision makers in industry.

 

 

 

Behavioural Competencies:

• Challenging Ideas
• Convincing People
• Developing Expertise
• Developing Strategies
• Directing People
• Embracing Change
• Empowering Individuals
• Exploring Possibilities
• Making Decisions
• Providing Insights
• Upholding Standards
• Valuing Individuals

Technical Competencies:

• Evaluation of Internal Controls
• Promote Good Governance, Risk & Control
• Financial Acumen
• Evaluating Risk Management Effectiveness
• Fraud Detection and Management
• Information Security Management
• Risk Acceptance
• Risk Awareness
• Risk Identification
• Risk Management
• Risk Measurement
• Risk Reporting
• Risk Response Strategy
• Risk/ Reward Thinking