Chief Risk Officer (“CRO”)

In brief

**Overview** This document outlines the responsibilities and requirements for the Chief Risk Officer (“CRO”) position at Finbond Mutual Bank. The CRO is a critical executive role responsible for providing independent leadership and judgment on the bank's overall risk profile, supporting sustainable growth through appropriate risk-taking, and ensuring compliance with the Risk Appetite Framework. The role involves developing and implementing risk strategies, fostering a strong risk culture, ensuring robust governance, and managing relationships with key internal and external stakeholders. **What you will do** * Support the business in achieving sustainable growth aspirations by enabling appropriate risk-taking and identifying opportunities based on the Bank’s strategy, risk profile, products, and markets. * Oversee the overall risk profile, providing independent leadership, judgment, challenge, and analysis of risk and reward, ensuring exposures are managed consistently and systematically. * Maintain, enhance, and communicate Risk Strategy and Risk Appetite across the Bank, ensuring business understanding of responsibilities. * Integrate risk management with organizational and business planning. * Build a positive risk and compliance culture through communication, education, and effective role modelling. * Lead, maintain, and implement an appropriate infrastructure of all material risk frameworks, policies, standards, systems, processes, controls, and reporting governance. * Consider the adequacy and effectiveness of the technology infrastructure supporting the risk management framework. * Assist the Chief Executive Officer “CEO” and the Board in the execution of tasks to meet the Bank’s objectives, acting as an active and engaged member of the executive team. * Manage relationships with and regularly assess the needs and views of the Board Risk Committee, Executive Committee “EXCO” and all ExCo committees (e.g., ALCO, Credit Committee). * Submit monthly and/or quarterly risk reports to the Board Risk Committee, EXCO, and ExCo related committees. * Lead the Risk people agenda, including succession planning, talent management, employee development, and improving employee engagement. * Proactively and independently identify, analyze, and mitigate internal and external risks for the Bank, establishing and maintaining a top and emerging risks register. * Monitor and ensure proper working teams involved in operational risk, including review and upgrade of risk identification, loss event management, risk library development, business line mapping, risk control self-assessment “RCSA”, Key Risk Indicators “KRIs”, risk capital computation, and risk mitigation strategies. * Monitor and ensure proper development, execution, and monitoring of the Internal Capital Adequacy Assessment process “ICAAP” and its deliberation in management and board committees. * Allocate capital to exposures based on risk, and optimize the Bank’s risk portfolio through business activities and risk transfer strategies. * Embed risk management practices in the Bank and associated monitoring and reporting on these risks. * Ensure robust processes are in place to deliver on regulatory and management reporting requirements. * Monitor major and critical risk issues, track developments, and escalate to executive management. * Monitor the integrity of risk measurement techniques and MIS used to monitor the Bank’s risk profile relative to its risk appetite. * Act in a timely manner to ensure effective management, and where necessary mitigation. * Design, maintain, and develop appropriate risk models and risk modelling to support the Bank’s risk management strategy. * Ensure rigorous stress and scenario testing of the Bank’s business and material risks, receive reports explaining the impact of risk crystallization, and ensure sufficient risk mitigation is in place. * Review and/or recommend new or proposed products, services, or business initiatives that may expose the Bank to new material types of risks or significantly alter its risk profile. * Oversee the implementation of strategic risk-related projects and the overall risk transformation agenda. * Manage key relationships with internal stakeholders (1st, 2nd, and 3rd line functions) and external stakeholders (regulators and external auditors). **Requirements (from the original advert)** * Relevant Honours/Masters qualification within business/risk framework. * Minimum 10 years’ experience within a similar role with at least 5 years’ experience at Senior Management level. **Who should apply** This role is suited for a highly experienced and qualified risk professional with a relevant Honours/Masters degree in a business or risk-related field. The ideal candidate will have a minimum of 10 years of experience in a similar risk leadership role, including at least 5 years at a Senior Management level. They should possess a strong strategic mindset, the ability to lead and implement comprehensive risk frameworks, foster a positive risk culture, and effectively manage complex internal and external stakeholder relationships. Expertise in banking strategy, risk appetite, governance, risk identification, mitigation, reporting, modelling, stress testing, and product review is essential. **Deadline** 23rd October, 2026 **Reference** Original posting: https://www.myjobmag.co.za/job/chief-risk-officer-cro-finbond-mutual-bank Source: myjobmag

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At a glance

• At least 5 years of experience.

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