Risk Manager

Imagine a world where people live healthier, more enhanced and protected lives… A world in which each organisation is a powerful influencer and responsible corporate citizen, committed to being a force for social good. As a leading innovator in healthcare, wellness, insurance, investments, financial and life planning, Discovery works ceaselessly to make this vision a reality. Fuelled by our passion for enhancing lives and our desire to innovate, Discovery consistently sets global standards, creating shared value through shared intellectual capital. A testament to this is our Vitality programme, which is both a platform to incentivise people to live healthier lives as well as a channel through which shared value is delivered. We are a proudly South African-born, global company with health, life and short term insurance operations in South Africa and the United Kingdom, and a presence in Germany, France, the United States, Canada, Australia, Singapore, Hong Kong, Philippines, Thailand, Malaysia, China and Japan through our Global Vitality Network. One way in which we uphold our promise of shared value is by being a positive disruptor that focusses on bringing about sustainable change in the lives of the people and communities we serve across the globe. Our values of leadership, honesty, innovation and fairness act as our compass, directing our business practices to take advantage of every opportunity while looking for ways to dazzle clients. Key Purpose To lead, guide and support a team of Risk Specialists responsible for mitigating business and compliance risk within Discovery Invest. To construct and implement a Risk Management strategy aimed at proactively identifying and mitigating business risks. To construct and implement a fraud mitigation strategy aimed at identifying and reducing fraud risk within the business. In addition to the above, the role also requires engagement with 2nd Line Risk Management functions as well as internal operations stakeholders. Areas of responsibilities To assist and support the Head:First Line Compliance & Business Improvement) in fulfilling his mandate which includes but is not limited to: Implementation of the Group Risk Framework as is relevant to the applicable Business Unit and advising on processes and suitable control frameworks to implement strategic regulatory obligations Provision of strategic guidance and support to the Business Units on the implementation of new and changed regulatory obligations and with the aim of ensuring that business objectives (strategic and operational) are aligned to the regulatory framework and risk exposure profile of the business Managing the Regulatory Profile and engaging with the Executive Management team on any Risk incidents and exposures relating to its regulatory obligations. Development and oversight of reports as well as setting reporting standards to provide accurate pertinent risk reports Project management in support of risk requirements, implementation of systems, procedures, policies and training requirements. Monitoring the applicable business unit risk functions and assurance across the business units. Assist management with identification and evaluation of risk exposures and regulatory breaches. Engagements with Regulators and with other interest groups in the industry. Implementation of the Fraud Control Management System (FCMS) Education, Knowledge and Experience Relevant tertiary qualification (preferably in the Risk or Commerce field). The person must have a clear and in-depth understanding of the Collective Investment Schemes Act, the FAIS Act (especially Cat I, II and III) and the Long-Term Insurance Act as it relates to the underwritten investments policies. At least 5 years of Risk-related experience. At least 3 years of experience in a First Line role Competencies Adaptable Excellent communication skills Resilient Team Player