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SEBA International Limited

Head of Risk (AAR78506)

Risk Area:	All Risk Areas
Job Category:	Managerial
Location:	Luanda, Angola or Maputo
Salary Range:	Competitive
Job Type:	Permanent
Job Description:	Our client is a leading global financial institution based in Johannesburg, South Africa offering retail, commercial and corporate banking products and services to its clients. Our client has developed and refined their universal banking competencies while playing a central role in developing the sophisticated South African financial sector, in what is today a successful developing economy. Their deep roots in South Africa provide a strong base for continued growth into emerging markets in Africa and globally, and position them well to realize significant opportunities for clients doing business in these markets.
Skills/Experience:	Primary Goal of Position: To lead and manage the in-country risk team accountable for providing risk management (excluding credit risk) support to senior management in discharging their responsibility for managing the various risk types (excluding credit risk) and providing assurance that processes for identifying, measuring, controlling and reporting on relevant risks are in accordance with the bank’s and Group’s risk management framework, standards and policies. Responsibilities include contributing to business strategy formulation and execution as part of the bank’s executive committee ensuring that there is appropriate consideration of risk implications arising from the business strategy and plans. EXPERIENCE • 5-10 years banking experience the majority of which in a relevant risk management environment. CORE PERSONAL COMPENTENCIES • Fluent in Portuguese • Good verbal and written communication skills; • Socially confident, quick to establish rapport and able to maintain relationships even when communicating disagreeable information; • People management skills, including teambuilding, motivation, team goal planning and the ability to use team expertise to full advantage; • Able to demonstrate and motivate new standards; • Logical thinker – has a clear, focused and methodical approach to work; • Customer service-orientated; • Results-orientated, driven to realize business service objectives; • Team player – approachable, receptive to ideas/feedback from others; • Assertive – able to handle and mediate in conflict, stand by principles and put forward ideas despite opposition; • Tough-minded, rarely upset by criticism, able to retain optimism despite setbacks; • Self-motivated and energetic; • Exacting – considers all the facts, options and outcomes prior to making decisions. KNOWLEDGE • A relevant tertiary qualification (a risk management qualification would be an advantage); • In-depth understanding of the bank’s business environment, strategy and plans and products; • Practical knowledge of how to input, access and utilize information from the network/systems to analyze and forecast trends; • A working knowledge of the bank’s operating systems and controls; • Computer literate (MS Office).
Responsibilities:	CORE COMPETENCIES REQUIRED: • To provide risk leadership to in country risk and ensuring compliance with group minimum standards in relation to market risk, liquidity risk, operational risk, compliance risk and other risks as may be determined from time to time by the managing director or Centre risk directors. • To determine the risk strategy for the bank in consultation with business partners, aligned to the business (PBB and CIB), risk and Group risk strategies. • To define, develop and maintain an effective risk management framework, aligned to the business processes, risk framework and the Group’s standards. • To customise Group risk standards and policies to in country conditions, without compromising on Group minimum requirements; and obtaining consent for modifications from the relevant Group policy custodian. • To interact with Centre risk partners to ensure coordination and effective execution of risk processes. • To participate in the bank’s business processes, initiatives, forums, committees, etc. to ensure that risk requirements are appropriately considered, executed and reported e.g. Board risk and audit committees, EXCO, PBB and CIB Exco’s, Operational Risk and Compliance Committee, New Products Committee, ALCO, Credit committee etc. • To communicate the Group risk standards, policies and other risk principles effectively to risk staff and business partners. • To ensure that risk standards and policies are properly implemented. • To perform periodic self assessments of compliance with risk governance standards, to formulate applications for appropriate carve-outs or dispensations from standards and ensure that appropriate remedial action plans are implemented to mitigate any deficiencies identified. • To ensure that appropriate training initiatives (including calling for training to be provided by Group or Centre risk partners) are planned and executed. • To perform appropriate monitoring activities to provide assurance on the effectiveness of risk functions to the bank’s executive management, its board and to Centre risk partners. • To escalate breaches and incidents as per the appropriate escalation processes, including appropriate participation in the remedial actions. • Provision of monthly and quarterly Reports on activities and risk profile to the bank’s governance committees (board, executive and business unit management and risk governance) and to provide prescribed information to Centre risk partners. • To lead and manage the bank’s risk team • Effective management of subordinates • Evaluate and manage the performance of subordinates to achieve a high standard of competence, motivation and service orientation, focusing on the development and retention of promising staff. DIMENSIONS OF THE POSITION: • Ability to identify and understand business needs and strategies with a key focus on assisting / supporting them in terms of prudent risk management principles and in compliance with laid down risk governance standards; • Requires an in-depth knowledge and understanding of the bank’s business environment, strategy and plans, its processes and systems and products; • Requires an in-depth understanding of the group’s risk management standards, policies, frameworks, tools and processes; • Orientation towards swift accomplishments, meeting deadlines, providing information and working under pressure; • Willingness and ability to travel. IMPORTANT RELATIONSHIPS • The need to maintain a wide network with key stakeholders in-country (including external stakeholders such as regulatory authorities, industry associations etc), Centre and Group risk and key business partners. PROBLEM SOLVING • The ability to identify and understand the business needs and strategies and then to interpret and convert these into risk strategies and action plans; • The need to identify the long term risk needs to support the business effort; • The job requires the incumbent to be able to handle authority expediently, be orientated towards immediate accomplishments and to be a firm decision-maker; • Has a practical comprehension of the impact of the service provided and relationship to staff and customer; • Has a sound recall of processes and previous experience in order to assist with problems raised. PLANNING • The ability to meet tight deadlines and to satisfy customer service requirements in an environment laced with a wide variety of problems and unexpected challenges; • Required to interpret, analyze, evaluate and formulate plans based on information from a number of sources. Typically, there is no right answer and a relatively indeterminate amount of risk; • Take a short to medium term perspective with regard to business planning; • Build in the provision for adjustment in planning and ensures plans are practical and in line with business objectives. DECISION MAKING • The job requires the incumbent to be able to handle authority expediently, be orientated towards immediate accomplishments and to be a firm decision-maker; • Consider all the facts, options and possible outcomes prior to making decisions; • Quick to act upon potential opportunities and threats, and take the initiative within limits of authority.
Company/Agency:	SEBA International
Contact:	Robert M. Iommazzo Partner Telephone: +1 (212) 370-7003 or +44 (0)20 7625 7672 riommazzo@sebasearch.com Tina Mazotas Associate Telephone: +1 (212) 370-7003 or +44 (0)20 7625 7672 tmazotas@sebasearch.com SEBA International Berkeley Square House 2nd Floor London, UK W1J 6BD 305 Madison Avenue, Suite 2130 New York, NY 10165 +1 212 370-7000 email: riommazzo@sebasearch.com
Website:	www.sebasearch.com

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