Purpose of the Job

The Chief Risk Officer (CRO) holds the primary Senior Management position for identifying, assessing, measuring, monitoring, mitigating, and managing all types of risks arising from the internal and external organisation environment. The CRO will be responsible for leading and directing the Risk Function and to ensure effective strategic as well as operational risk management and assurance, including information technology and fraud risk identification and management. 

Key Responsibilities 

• Minimum 7 years’ combined experience in risk management, of which at least 5 years on management level 
• In-depth understanding of regulatory compliance requirements. 
• Should be well versed with the regulatory environment. 
• Knowledge of the information technology environment and related risks. 
• Maintain close liaison with the Commissioner, Board Audit and Risk Committee and management. 
• Improve the risk management readiness through communication and training programs. 
• Maintain systems of internal controls and participate in all forms of risk management. 
• Ensure that risks are identified, managed, and monitored in accordance with best practice and recognized standards. 
• Manage and coordinate the activities of the Risk Management Function as well as reporting on all risk activities to MANCO, EXCO and the Board Audit & Risk Committee. 
• Monitor and review all tools, methodologies, policies, and procedures developed by the risk management team and facilitate approval by the Board/Executive Management. 
• Monitoring, evaluating, and reporting on the risk environment. 
• Oversee the Risk Management Function to ensure teamwork; that they remain motivated through operational plans and performance evaluations. 
• Provide decision making information on all risk matters affecting organizational integrity and stability. 
• Environmental risk analysis and reporting, corrective strategies and maturity model developed. 
• Facilitate information and communication technology risk identification and reporting, including the identification of cyber security risks, implementation of mitigating controls, strategies and processes required to ensure cyber resilience. 

Qualifications and experience 

• A post-graduate degree in Risk Management and or Internal Audit. 
• Member of the Institute of Risk Management of South Africa (IRMSA). 
• Minimum 7 years’ combined experience in risk management, of which at least 5 years on management level 
• In-depth understanding of regulatory compliance requirements. 
• Should be well versed with the regulatory environment. 
• Knowledge of the information technology environment and related risks. 

How to Apply

Please send your application to info@kmglobalconsult.com stating CRO in the subject line.