Postbank, a leading player in South Africa’s banking sector, is on the lookout for a dynamic and experienced Chief Risk Officer (E4) to join their team at the Head Office in Pretoria. This is a senior-level, permanent position offering a fantastic opportunity for professionals who have a passion for risk management and a deep understanding of the banking industry.
If you’re looking for a strategic leadership role where you can drive significant impact and influence at the highest levels, this could be the perfect opportunity for you!
Position Overview
As the Chief Risk Officer (E4), you will play a pivotal role in shaping Postbank’s risk management strategy, ensuring compliance with regulatory standards, and mitigating risks that could impact the organization. Reporting directly to the CEO, you’ll be responsible for overseeing the development, implementation, and management of Postbank’s integrated risk management framework. You will identify, assess, and prioritize risks while ensuring that all strategies align with the bank’s goals and objectives.
Location: Head Office, Pretoria
Position Status: Permanent
Reports to: Chief Executive Officer
Position Number: 60049369
Key Responsibilities
Strategic Alignment
- Develop and refine risk management strategies in alignment with the bank’s goals.
- Assist the Board in setting the bank’s risk appetite and monitoring performance against predefined thresholds.
- Create comprehensive qualitative and quantitative risk reporting to facilitate informed decision-making.
Financial Responsibilities
- Compile departmental budgets and forecasts to ensure financial compliance.
- Ensure regulatory compliance to prevent fines or penalties.
Operational Responsibilities
- Lead the development and execution of business plans for the risk department.
- Continuously update and improve the bank’s risk governance framework.
- Identify emerging risks and develop proactive responses.
- Monitor the full spectrum of risk types, including credit, market, operational, and financial risks.
- Develop the fraud prevention strategy and ensure the effectiveness of risk mitigation plans.
- Support the risk identification and quantification process across all bank functions.
People Management
- Establish a high-performance culture by setting measurable goals aligned with business objectives.
- Manage talent, foster career development, and build succession plans for key positions.
- Enhance staff morale and productivity through a collaborative and inclusive environment.
Qualifications, Knowledge, and Experience
Qualifications
- Postgraduate qualification in Risk Management, Auditing, Accounting, or Business Science.
- Registration with a professional body (e.g., IRMSA) would be advantageous.
Experience
- 8 to 10 years of post-qualification experience in a similar role within the banking sector.
Skills and Expertise
- Thorough understanding of banking practices and risk management.
- Extensive experience in managing risk departments and implementing governance frameworks.
- Strong analytical, project management, and interpersonal skills.
- Ability to interact at all levels, manage complex information, and make strategic decisions.
- Excellent leadership and people management skills.
Why Work at Postbank?
Postbank is committed to developing a high-performance culture, and offers an inclusive environment where employees are encouraged to grow and thrive. As part of a key player in South Africa’s banking sector, you’ll have the opportunity to influence the direction of risk management strategies and ensure the continued success and stability of the organization.
Postbank values diversity and encourages applications from individuals of all backgrounds, particularly those from underrepresented groups. If you meet the qualifications and have a proven track record in risk management, Postbank is ready to offer you a challenging and rewarding career.
How to Apply
If you’re ready to take on this leadership role, submit your Curriculum Vitae (CV) to RecruitmentSN@Postbank.co.za. Be sure to indicate Chief Risk Officer (E4) in the subject line.
Application Deadline: 14 March 2025
Disclaimers and Important Information
Postbank is dedicated to maintaining diversity in the workplace and adhering to the principles of equity and inclusion. In line with the bank’s employment equity plans, applications from all sectors of the South African employee population are welcome.
Please note, only applications received via the provided platform will be considered. Shortlisted candidates will be contacted directly. If you do not hear from Postbank within three months, please consider your application unsuccessful.