Standard Bank Risk Mitigation Officer Jobs in South Africa
Standard Bank Risk Mitigation Officer Jobs in South Africa
Job Purpose Proactively identify remediate Compliance (Regulatory and Operational risk) and implement suitable solutions.
Conduct regular coaching sessions and / or workshops in order to close gaps and trends identified (quality audits).
To ensure the effective implementation of risk frameworks, provided by Centre within the relevant Branch, Private Banking Suite and Small Enterprises.
Key Responsibilities/Accountabilities
Risk & Compliance Support
Proactively detect, gaps, emerging risks and trends in the daily execution of risk and control monitoring, assuring alignment of top emerging risk to the Risk Control Self-Assessment (RCSA)
Ensures adherence to policies standards and processes are followed as per laid down criteria to achieve clean audit.
Proactively identify, non-adherence to process policy and procedures, adverse staff behavior, security failures and fraud Modus Operandi for remediation and escalation as required.
Ensures staff awareness in terms of fraud through re-iterating and endorse change management as well as test understanding.
Recommendation of appropriate action plans to relevant leadership to remediate audit findings, control gaps, emerging risks and adverse trends identified.
Recommends and implement revision of internal controls to provincial risk where appropriate, to address new or previously uncontrolled risks.
Observe and report on the image risk, premises maintenance and equipment maintenance and ensure that all these are attended to and logged via OPS Connect.
Collate and prepare account payments, Staff Expense Claims within authorised limits and ensure they are submitted for payment timeously to Financial Shared Services Unit (FSSU) for payment.
Occupational Health & Safety
Ensures the correct documentation is completed by Team Leaders for incidents (Occupational Health and Safety) that have occurred within the work place during working hours. All relevant documentation must be housed in a central file for record purposes. Ensures that the relevant posters are displayed in terms of Labour Law requirements i.e. Basic Conditions of Employment, etc.
Assists the Occupational Health and Safety (OHS) 16(2) Representative in ensuring that all requirements in terms of the Act are met i.e. quarterly/annual audits, appointment of Wardens and First Aiders, emergency evacuation drills, workman’s compensation, annual service of firefighting equipment, scrutiny and replenishment of the First Aid Box (in conjunction with First Aider). Ensure quarterly and annual Occupational Health and Safety Act (OHSA) inspections are conducted.
Reports on the progress of Occupational Health and Safety (OHS) compliance (when requested or as necessary).
Ensures that non-compliance with the OHS Act is reported in the monthly and quarterly compliance reports, and that any concerns regarding OHS matters are reported to the appropriate management office.
Ensures injuries in the workplace are reported timeously by POR Management, to Corporate and Investment Risk Consultants (CIRC) for claim purposes.
Ensures that all OHS representatives attend relevant training required.
Risk and Compliance Upskilling & Coaching
Coaches relevant Point of Representation (POR) on risk and compliance gaps identified.
Identify key/ localised themes relevant to the POR and plan upskilling interventions accordingly.
Ensures that all staff within the relevant Branch Private Banking Suite and Small Enterprises attends and completes the required Risk and Compliance training.
Responsible for inspiring, motivating, leading coaching and managing the teams within their relevant areas.
Responsible for driving a risk culture within the relevant area of responsibility.
Builds organisational capabilities through evaluating likely future requirements and ensuring that individuals are provided with the best possible development opportunities in line with these.
Creates an environment in which learning and development are emphasised and valued.
Encourages team members to express their views, resolves issues raised by the team, escalates issues if required, and provides feedback to teams on an ongoing basis.
Ensure constant upskilling of teams through various mediums (coaching, workshops, knowledge sharing etc.)
Regulatory Compliance Support
Monitor the Know Your Customer (KYC) dashboard and the irregularity report to identify Points of Representation (POR’s) that have not complied with KYC requirements and identifies training/coaching needs.
Ensure remediation of KYC irregularity per POR to ensure regulatory compliance
Conducts a ten percent Know Your
Customer (KYC) and Account Origination sample check for the correct KYC and account opening documents as part of scrutiny, when visiting the POR.
Identify root causes by analysing the differences report and make recommendations based on the findings.
Takes corrective and mitigating steps to find solutions in order to address any identified gaps, risks and trends, the solutioning must be done with people in the work.
Where relevant consult with support functions (i.e. RBB Enablement, RBB Risk, Ops Risk, Compliance, Human Capital, Operations, Security etc.) for guidance and direction.
Identify and address non-adherences to KYC Exchange Control Rules and Regulations and other Regulatory requirements as it relates to the Cross Border reporting of Foreign Exchange Transactions – Section J requirements.
Utilise Operational Risk, Group Internal Audit, Group Exchange Control Compliance monitoring reports and SARB audit reports to identify and address Forex non-adherence to procedures.
Legislative Requirements
Ensure Legislative Requirements are adhered to; (e.g., TCF, PoPI, FAIS, COB, KYC/EDD, OHASA etc.) and controls are put in place to mitigate risks.
Ensure operational capability in frontline (e.g., routine checks are conducted).
Undertake routine checks to ensure that the UV Lights are operational and utilised correctly within the cluster and comparison stickers are not faded.
Ensure adoption and usage of management tools (e.g., OFV, UV lights, scan @ source, e-signatures, auto-recon etc.)
Compliance requirements.
Routine Responsibilities
Perform daily tasks to ensure that standards are checked against samples and routines.
Ensures the scrutiny of envelopes containing master codes quarterly for the relevant POR’s.
Check and ensure that management take ownership of Levels and Limits of authority (Forex and Operational) and that the required 6 monthly audits are taking place.
Ensure that the quarterly surprise checks of all security, equipment and maintenance checks are performed.
Check that all Letters of Understanding and Undertaking in respect of loading of data on the Application Scoring System is held at the relevant POR’s.
Check that all Letters of Understanding and Undertaking in respect of Operational Authorities Delegated are filed by responsible branch staff.
Ensures the High-Risk checks for the relevant POR’s are completed as and when required (weekly, monthly and quarterly).
Ensure the testing of alarms and panic buttons (i.e. identify system and security failures).
Ensures that emergency drills and procedures are carried out.
Conducts checks on E2E performed at POR’s to ensure the checks are conducted correctly. Analyse the E2E error report to identify trends and where applicable, make recommendations to branch management to address skills gaps, when visiting the POR.
Conduct spot checks on compliance with Cash Holding Limits in branches and relevant escalation processes being followed where breaches are evident.
Support the Branch leadership teams with managing cash trends (including Foreign Notes) and ensure cash holdings are within prescribed limits through regular routine checks.
Conducts spot checks on all aspects of the Foreign Exchange Report handling and Scrutinies are adhered to according to laid down procedures.
Ensures Report 11191 has been actioned by management (new SACS Report).
Conduct spot checks on reconciliation and monitoring of branch cash accounts
Conducts spot checks on Rejected Transfer accounts, ensuring that the reconciliation is undertaken and that amounts are expunged correctly, when conducting an audit at a branch
Observe opening/closing procedures and security during banking hours and report any anomalies to Branch Leadership.
Ensure quarterly checks and scrutinies of all master passwords (time delay locks, alarm systems etc.) are done comprising a physical check and use of the code to verify the master code is valid.
Conduct root cause analysis as to reasons for laid down procedures not followed and / or documented according to Compliance standards.
Measurements
Satisfactory audit report
Reduction in losses.
Customer Satisfaction Score
100% Adherence to Auto Recon
Preferred Qualification and Experience
Matric
Business Commerce Degree
Knowledge/Technical Skills/Expertise
3-4years Branch Banking experience
Good understanding of Risk and Compliance environment
How to Apply
For more information and job application details, see; Standard Bank Risk Mitigation Officer Jobs in South Africa
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to NGO Jobs in Africa.
