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Enterprise Risk Analyst needed at Watershed Consulting

Job title : Enterprise Risk Analyst

Job Location : KwaZulu-Natal, Durban

Deadline : 18-May-24

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About the role:

They are seeking a dedicated Risk Analyst to join the risk management team. This pivotal role supports both the Head of Enterprise Risk and the Operational Risk Manager in implementing and maintaining the bank’s risk management framework. The ideal candidate will play a crucial role in enhancing their risk identification, assessment, mitigation, and reporting processes across all risk categories, ensuring alignment with South African Reserve Bank (SARB) regulations and international best practices.


  • Assist in the development, implementation, and continuous improvement of the risk management framework, policies, and procedures across the bank.
  • Support the identification and assessment of risks within the enterprise and operational risk categories, including but not limited to market, credit, liquidity, operational, business continuity, third-party, data, model, fraud, and technology risks.
  • Facilitate risk reporting by compiling and analysing risk data, preparing reports for the Head of Enterprise Risk, Operational Risk Manager, senior management, and relevant committees.
  • Contribute to the business continuity planning (BCP) processes, ensuring that the bank is prepared to respond to and recover from disruptive events effectively.
  • Assist in the oversight and management of third-party risk, ensuring that vendor relationships are governed by robust risk management practices.
  • Support the operational risk management activities, including the development and implementation of controls, risk indicators, and mitigation strategies.
  • Participate in risk assessment and scenario analysis exercises, contributing to the bank’s risk mitigation and strategic decision-making processes.
  • Engage in the continuous monitoring and evaluation of the risk landscape, recommending improvements to risk management practices and controls.
  • Collaborate with various departments to promote a culture of risk awareness and compliance throughout the organization.
  • Stay abreast of regulatory changes and industry best practices, ensuring the bank’s risk management activities remain compliant and effective.

Candidate requirements:

  • Bachelor’s degree in Finance, Risk Management, Economics, or a related field. A Master’s degree or relevant professional certifications (e.g., FRM, CISA) is advantageous.
  • Minimum of 3 years of experience in risk management within the banking or financial services sector.
  • Strong understanding of risk management principles and practices, as well as familiarity with SARB regulations and international standards.
  • Proficiency in risk assessment and reporting tools, with excellent analytical and quantitative skills.
  • Effective communication and interpersonal skills, with the ability to work collaboratively across teams and with senior management.
  • Demonstrated ability to manage multiple tasks and projects simultaneously, with high attention to detail and organization.

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

  • This job has expired!