Risk Analyst; Junior

Position: Risk Analyst (Junior)
Location: Nigel

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose,

and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society

About Discovery Bank

Discovery Bank is a bank like no other – a shared-value bank, designed with our clients in mind. We are all about sharing the value that clients create when they manage their money well, back

with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially

healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If you are adaptable, a problem-solver, always questioning the way things are done,

passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment that’s safe and nurturing.

Job Purpose

The Risk Analyst will support the Enterprise Risk Management (ERM) function by executing operational risk assessments, performing control design and operating effectiveness testing, and supporting assurance reporting to management and Combined Assurance forum. The risk analyst will report to the Operational Risk Manager.

The role will play a key part in the implementation and ongoing execution of the Risk Assessment and Control Testing framework, ensuring risks are accurately assessed, controls are effectively tested, and issues are appropriately tracked and reported.

Areas of responsibility may include but not limited to

- Execute risk and control self-assessments (RCSAs) across business areas in line with the ERM methodology.
- Perform design effectiveness and operating effectiveness testing of key controls.
- Assess control performance against defined criteria and testing standards.
- Assist in raising issues and actions in the risk/issues management system.
- Support tracking, monitoring, and follow-up of remediation actions.
- Capture and maintain risk assessments, controls, issues, and actions on the risk management system. Ensure data quality, completeness and consistency.
- Prepare control testing output reports and supporting documentation.
- Contribute to Combined Assurance and management reporting.
- Identify and map out controls within the Bank processes and identify any control and process weaknesses.
- Interact with the business to identify practical solutions to mitigate risk and address control and process weaknesses.
- Monitor and report on loss event data and perform loss or risk incident investigations.
- Work closely with other risk officers, risk champions and assurance providers to ensure alignment of risk activities and sharing of knowledge.
- Work closely with the Internal Audit and Compliance Functions as well as other assurance providers to provide a combined assurance assessment of the risk management within business.

Role Specific Behaviors

- Ensures accountability
- Action orientated
- Communicates effectively
- Build network
- Plans and aligns
- Strategic mindset

Education and Experience

Required:

- Bachelor’s degree or Diploma in Finance, Risk Management, Auditing or a related field

Preferred (would be advantageous)

- Relevant Accounting qualification is advantageous

Technical Skills or Knowledge

Required:

- A sound knowledge of the financial / retail banking industry, the mechanics of its operation and its trends. Familiarity with banking specific and other relevant legislation and regulations (e.g. Banks Act, Basel, TCF, POPI, PCI) is useful
- Control design and operating effective testing
- Evidence-based assurance approaches
- Risk and issue documentation
- Strong report writing and documentation skills
- Microsoft Excel, Word, Power Point
- Solid understanding of risk management methodologies
- Must be a strong communicator with excellent writing skills
- Must be able to critically evaluate business information
- Strong presentation and facilitation skills
- Must be able to work autonomously and within a team

Preferred (would be advantageous)

Working knowledge of GRC (Governance, Risk and Compliance) systems is an advantage

EMPLOYMENT EQUITY   

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.