Job Description
The Head of Risk provides senior, independent risk leadership across the Commercial segment.
The role ensures strategic, financial, operational, regulatory and reputational risks are managed within risk appetite, aligned to the FirstRand GRMF.
The successful candidate will provide senior strategic and financial risk leadership within the Commercial CRO Office by operating as a 1.5 line of defence, partnering with business leaders, participating in Commercial MANCO to offer informed risk insight and challenge as well as overseeing specialist risk areas across the Commercial portfolio.
Enterprise & Segment Risk Leadership
- Implement and enhance the Commercial risk framework.
- Ensure consistent integrated risk methodology application across the business.
- Provide leadership on strategic financial and non-financial risks.
Strategic Risk & Business Partnering
- Implement risk strategy into the respective businesses to ensure that there is partnering with business to manage the risk profile
- Challenge assumptions and highlight risk return trade-offs
Risk Appetite & Risk Profile Oversight
- Own and monitor the risk profile for the respective businesses.
- Ensure alignment with Group and Segment risk appetite.
- Escalate breaches and emerging risks.
Governance & Reporting
- Prepare monthly and quarterly risk reports to the respective business Exco’s and governance forums in Commercia Segment
- Deliver clear, forward-looking insights and reporting.
Oversight of Risk Disciplines
- Lead and integrate specialist risk teams
- Ensure that there is coordinated coverage across all risk types.
Risk Culture & Capability Building
- Strengthen proactive risk and people culture.
- Develop senior risk talent and succession pipelines.
Key Stakeholders
- Commercial CEO & Exco’s, Segment CRO Risk Heads, Group Risk, BU Heads, Specialist Risk Functions, Internal Audit & Regulators.
Experience & Capabilities
- Senior leadership experience in financial services risk.
- Strong understanding of ERM, risk appetite, capital and regulatory frameworks.
- Strong understanding of investment and partnership funding
- Proven Exco-level engagement and multidisciplinary team leadership.
- A Bachelor degree and Postgraduate will be preferred.
Success Measures
- Quality of Exco-level risk insights.
- Effective risk appetite management.
- Strong risk culture.
- Proactive emerging risk management.
- Alignment of risk outcomes to Commercial strategy.
Important Closing Date Note
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
26/03/26
All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.