MotoNovo Finance are currently seeking an IT Risk Officer to join the Operational Risk Department.
Facilitate, monitor and advice risk management processes (i.e. PRCIA) in accordance with Policy and professional standards put in place by the business and with accurate and timely reporting provided
Assist management and the IT manager(s) in identifying and assessing IT specific risks and propose actions or mitigating controls to manage these risks in accordance with the ORMF and its sub-policies.
Actively participate in IT risk management meetings to ensure IT risks are being identified, managed and reported on a continuous basis.
Report on the status of key IT risks and escalate significant (i.e. high and very high risk) IT risks and issues (based on the MNF risk rating methodology) through the normal operational risk management processes and governance structures as soon as these risks and issues are identified.
Support the IT manager(s) in escalating any material issues, including the absence of risk management from key IT processes.
Undertake and manage ad-hoc reviews as requested by Management, Senior Management and Senior Executives across all business areas - with accurate results reported detailing relevant conclusions and recommendations.
Research, plan and prepare, as required, to effectively complete each review. This will include analysis of: processes; procedures; and risk event logs that detail 'near misses’ and 'operational losses’.
Evaluate business processes, risks, controls, policies and procedures in relation to key business objectives, and when risks are identified and assessed, challenge management’s own assessment of such risk.
On completion of an IT risk assessment and/or ad hoc risk assessments - produce a comprehensive report that identifies any significant risk exposures, control weaknesses, corporate governance issues, regulatory concerns, business opportunities, as well as any other matters that fall outside of the scope of the agreed reporting format.
Assist the IT Risk Manager to:
establish, and continuously develop, effective controls that will help prevent system or process failures, and in doing so - help reduce the likelihood and impact of such failures;
assess whether the design of systems & processes allow for compliance with regulatory, FirstRand group, and other requirements;
ensure that emerging risks, project risks and key risks relating to MotoNovo Finance’s strategic objectives are appropriately monitored;
monitor Key Risk Indicators, and Risk Events including Operational Losses and Near Misses and understand the overall risk position of the business.
Monitor and report progress against actions and recommendations that arise out of the various Risk Management reviews.
Document and report - risks & controls, KRI’s and risk events to ensure risks are monitored and reported to an acceptable level.
Assume responsibility for debrief meetings with senior management and Executives to discuss findings and conclusions arising from review work, in conjunction with the Risk Manager.
Undertake review work in a knowledgeable, enthusiastic and professional manner at all times.
Assist external auditors, regulators and other internal and external review functions as required by the Operational Risk Management Team.
Maintain a comprehensive and up to date knowledge and understanding of MotoNovo Finance products and services, providing accurate information and proactively promoting them where appropriate
Maintain an up-to-date knowledge of regulatory and legislative information related to MotoNovo Finance products and services (e.g. ICOB, FCA Rules, Money Laundering, Data Protection, etc.) as advised by Line Management. Ensure all Money Laundering issues are reported appropriately.
Maintain good knowledge and understanding of all relevant policies and procedures relevant to the role, being compliant with these policies and procedures at all times.
Treat customers fairly and aim to deliver fair customer outcomes in all of our day-to-day processes.
Work as part of a team - supporting, motivating and assisting colleagues in the operation of the department and throughout the business.
Recognise and recommend improvements to Company procedures to ensure the efficiency and effectiveness of the business.
Ensure that all system based records are maintained in an accurate and timely manner (and ensure that data integrity is maintained at all times) as prescribed by regulatory, legislative and company procedures.
Continue to develop self and role by studying relevant training materials and product information and continually develop and improve product knowledge.
Provide management information as requested. Have a sound understanding of all systems used to enhance the business activities, ensuring these are maintained in an accurate and timely manner.
Ensure that prompt and regular communication and support is maintained between all internal and external parties to ensure seamless and consistent service levels are maintained at all times, reporting exceptional matters to line management.
Regularly review and evaluate management information to maximise the performance of the department
Undertake any other reasonable tasks as requested by line management.
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