Investment Risk Officer 43 views

Risk Management: understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bank

Job Purpose

To maintain risk and compliance oversight mechanisms within the Investment Division to ensure that the business operates in accordance with agreed risk parameters and in compliance with regulatory requirements of the Investment Business and Funds Services Business licences, by supporting the identification, analysis and management of risk arising from the investment operations, maintaining a coherent governance structure for division and undertaking routine risk responsibilities.

Key Responsibilities/Accountabilities

Risk and Regulatory Oversight Framework Provide input to the design of the investment division control framework and support the business in the establishment and maintenance of a robust controls environment.
Incident Management Manage processes relating to breaches, incidents and complaints, review reports, inform relevant parties (3rd parties, Group Risk and Compliance) and follow up on outstanding reports and actions updates. Undertake ad-hoc investigations into breaches, incidents and complaints to identify the causes and ensure that processes are sufficiently robust to prevent any further occurrences.
Risk Monitoring and Testing Undertake periodic client suitability reviews, Investment mandate monitoring and testing of investment division controls; investigate and report on variances to ensure compliance. Ensure accuracy and confidentiality of investment data.
Processes, Policies and Procedures Maintain the central policies and procedures manual, and facilitate periodic review of teams’ procedures, draft and review policies and procedures, and advise on procedural control improvements. Undertake periodic assessment of and mapping of investment division processes, policies and procedures to regulatory requirements and group policies.
Reporting Prepare reports, collate papers, collate Key Risk Indicators, analyse risk data and provide insights for the lnvestment Services and Risk meetings to ensure that identified risk are managed in a timely manner.
Business Continuity Manage and maintain the investment division’s business continuity plans and undertake period risk assessment of systems and suppliers.
Compliance Ensure timeous submissions of regulatory returns and management of regulatory reviews and enquiries. Ensure compliance with key legal and regulatory requirements as well as group policies
Training Develop and deliver risk, compliance and regulatory training as required by the Investment services staff, ensure that all staff members are adequately trained to ensure that business is carried out in compliance with the relevant policies, procedures and legislation.
Staff Development Develop and implement a staff training program, ensuring adherence to the required Continuous Professional Development requirements and the completion and maintenance of Investment qualifications to ensure that employees skilled and qualified to carry out the work of Investment Services.
Staff Mandate Maintenance and Monitoring Manage and maintain investment division staff mandates, and those of staff members of other teams undertaking investment activities. Undertake periodic reviews of system access and permissions of investment division staff and of and those of staff members of other teams with access to investment systems and investment client data.
Best Practice Keep abreast of industry best practice and latest developments, changes of relevant laws and regulations and their implications. Incorporate such into daily work practices and decision-making to maintain legal and risk compliance.

Preferred Qualification and Experience

Qualifications

Minimum qualification 1 Type of qualification: Diploma

Field of study: Finance and Accounting

Other minimum qualifications, certifications or professional memberships An Investment Qualification at Level 4 is required for this role

 

Preferred qualification 1 Type of qualification: Post Graduate Diploma

Field of study: Finance and Accounting

Other preferred qualifications, certifications or professional memberships An Investment Qualification at level 6 is preferred for this role.  A risk management qualification is preferred for this role.

 

Experience

Experience required 1 Job Function: Wealth Investment & Fiduciary

Job Family: Wealth Investment and Fiduciary

Years: 5-7 years

Experience Description: The role requires at least 5 years of experience in the securities industry with thorough working knowledge of risk management and compliance, securities industry regulations, end to end processes and understanding of trade and payment processes

Experience required 2 Job Function: Wealth Management

Job Family: International Wealth & Investment

Years: 5-7 years

Experience Description: The role requires extensive overall experience in financial services.

Total number of years’ experience 8 years

Knowledge/Technical Skills/Expertise

Technical competency 1 Competency Label: Business Administration Skills

Competency Description: The ability to coordinate multiple administrative activities to enable the efficient operations of a department.

Proficiency Level: SEASONED – Applies concepts without requiring supervision, able to provide technical guidance when required

Technical competency 2 Competency Label: Business Acumen

Competency Description: Understand the Banking industry and the impact that the economic and regulatory environment have on the organisation. Application of this knowledge in the assessment of risks and recommend appropriate control and quality frameworks.

Proficiency Level: SEASONED – Applies concepts without requiring supervision, able to provide technical guidance when required

Technical competency 3 Competency Label: Presentation Skills

Competency Description: The ability to communicate and deliver information verbally in a clear, concise and comprehensive manner to other people, using appropriate props and tools.

Proficiency Level: SEASONED – Applies concepts without requiring supervision, able to provide technical guidance when required

Technical competency 4 Competency Label: Risk Management

Competency Description: Demonstrates knowledge and understanding of risk management methodologies, tools, governance structures and regulatory requirements for good management of risk.

Proficiency Level: SEASONED – Applies concepts without requiring supervision, able to provide technical guidance when required

Technical competency 5 Competency Label: Risk Reporting

Competency Description: The ability to prepare quantitative and qualitative analysis on the risk landscape in the business including interpretation and analysis for use by business users.

Proficiency Level: SEASONED – Applies concepts without requiring supervision, able to provide technical guidance when required

Technical competency 6 Competency Label: Compliance

Competency Description: The ability to interpret regulations and laws that apply to the business and to provide information to business on how to comply.

Proficiency Level: SEASONED – Applies concepts without requiring supervision, able to provide technical guidance when required

To apply : https://careers.peopleclick.eu.com/careerscp/client_standardbankgroup/external/en_US/registration.do

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