Job Advert Summary

The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
MAIN PURPOSE OF THE JOB
The purpose of LBI Risk Governacne and Reporting function is to support Head of Risk to discharge the primary responsibility of risk governance and risk reporting aspects and the oversight/ coordination aspects of the financial soundness and key entity level controls. The function will be coordinate and support the development and implementation of the LBI risk governance framework, supporting processes and reporting. This is a manner that meets business and regulatory requirements. Through the key entity level controls, provide the requisite assurance to the Senior Management (Exco) on the overall internal control framework and the implementation Risk policies across LBI entities.

Key Performance Areas

1. Risk Management Strategy and Risk Management Plan formulation

• Drafting and preparing strategic risk appetite and risk management tools to scope direction for business.
• Ensure that the Enterprise Risk Management Framework is integrated with Regulatory requirements.
• Support Head of Risk with the planning the strategic risk identification.
• Facilitate review of the risk appetite statements to ensure it remain appropriate and recommend changes to Management Risk Committee where necessary
• Develop and monitor of appropriate key risk indicators together with assicited tolerances limts and related reporting.
• Undertake periodic risk assessment working with the various risk owner and ensure that risk register are kept up to date i.e. Fraud Risk register
• Facilitate the implementation of the annual Risk Management plan.
• Critical review of existing and/or development of new risk report to ensure that they are suitable and useful to aid in decision making

2. Embedding of Risk Governance Systems

• Manage the Own Risk and Slovency Assessment (ORSA) process including coordinating all related inputs, outputs and assessment
• Manage all other regulatory reporting i.e. Qualitative Regulatory Reporting (QRR)
• Establish and maintain an effective Policy governance framework
• Oversee the policy review process and ensure that policy are timeously presented to relevant committee for recommendation and approval
• Facilitate the annual policy attestation with relevant policy owner
• Facilitate risk policy training in collaboration with the policy owners
• provide the requisite assurance to the Senior Management (Exco) on the overall internal control framework and the implementation Risk policies across LBI entities.

3. Risk Function Advisory and Reporting

• Monitoring of the business performance against agreed objectives as stated in the corporate plan
• Support business with the business planning phase, by coordinating and consolidating BU input into strategy and corporate plan
• Keep abrest with industry and regulatory development and assessing against impact on the current LBI model and strategy
• Develop and monitoring of risk appetite, risk register, loss data, combined assurance, key indicatrs and emerging risks
• Aggregating, monitoring and advising management on the effective management and mitigation of identifies risks
• Preparation, submission and/or presentation of risk reports to the various stakeholders in forums such as Exco, MRC and ARC and other governance related forum within the business
• Establishing and maintaining combined assurance model

4. Develop and maintain a consistent client focused environment coupled with best practice service delivery

• Build and maintain relation with internal clinets and stakeholders across LBI and LB
• Manage the rollout of risk initiatives effectively within LBI
• Be the lead in supporting the Auditor General review by providing any RFI
• Provide Risk policy training in conjuction with policy owners
• Provide training on key elemets of the ERMF

5. Stakeholder engagement and coordination of enterprise risk related committees, meetings and initiatives

• Contribute to the planning of the Exco, Management Risk Committee (MRC) and Audit and Risk Committee meetings
• Support BU management to ensure that strategic decisions within the business areas take full accountability of the current and emerging enterprise risk profile
• Recommend value add risk management solutions to reduce the risk of re- occurrence and impact
• Ensure that risk issues identified are monitored, reported, escalated to relevant person/s & Committee/s and corrective actions are taken
• Represent risk at key stakeholder forums

Preferred Minimum Education and Experience

• Post Graduate Qualification, Preferably in Risk Management
• A member of the Institute of Risk Management of South Africa (IRMSA)
• 8-10 years Risk management function, preferably in insurance companies
• 4-6 years experience in Risk Governance and Reporting
• 5 years experience with Regulatory reporting i.e. ORSA and QRR
• 3 years experience in leadership or management position

Critical Competencies

• Enterprise wide Risk Management Framework and Strategy Setting
• Embedding a Risk and Ethics culture & Building a Value based Ethics program
• Strategy Planning, Crafting, Implementation and Reporting
• Establishing, implementing and maintaining appropriate mechanism and activities (including a risk strategy, risk management plan and risk management reporting) in respect of Enterprise Risk Management Framewrok, Risk Governance and Social and Ethics
• Governance Risk and Compliance Systems such as CURA
• Strategic analysis
• Ethics Monitoring

Additional Requirements

• Travel as and when required
• Long hours as and when required