{"id":4169828,"url":"https://alion.io/job/capitec-department-head-risk-management","title":"Department Head: Risk Management","company":{"id":2123918,"name":"Capitec","domain":"capitecbank.co.za","url":"https://alion.io/company/capitecbank","size_band":"501-1000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"SuccessFactors","truth_index":{"grade":"A","score":99,"open_postings":11,"ghost_share":0,"stale_share":0,"repost_share":0.091,"time_to_fill_p50_days":22,"computed_at":"2026-11-12T10:38:37Z"}},"role":"Finance","role_family":"Finance","seniority":null,"employment_type":null,"work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Stellenbosch, South Africa"],"countries":["ZA"],"hiring_countries":[],"hiring_countries_total":0,"salary":null,"salary_estimate":null,"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[],"status":"live","first_seen_at":"2026-11-12T00:00:00Z","employer_posted_date":null,"last_verified_at":"2026-11-12T00:00:00Z","board_verified":false,"closed_at":null,"days_open":1,"trust":{"level":"not_scored","repost_count":null,"flags":[],"days_open":1},"description":"Apply by: \n\nWe're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:\n\n1. To see what life at Capitec is all about and complete a short assessment, please click here!\n\n2. Once you have completed the above finalize your application by clicking apply below\n\nPurpose Statement\n\nTo provide strategic and functional leadership across the Risk Management department, integrating the organisation’s risk management strategy with the relevant tactical and operational execution to ensure coherent direction, consistent standards and effective delivery across multiple risk teams and domains.\n\nTo hold delegated authority for departmental strategy, resource trade-offs and risk prioritisation, embedding a strong risk culture and ensuring effective, sustained implementation of the organisation’s risk management framework in alignment with organisational goals, regulatory requirements and Board-approved risk appetite.\n\nEducation (Minimum)\n\rBachelor's Degree in Actuarial Science\r\nActuarial Society of South Africa Technical Member (TASSA) / Actuarial Society of South Africa Fellow (FASSA / CERA)\r\nKnowledge and Experience\n\rExperience:\n\n10+ years' experience in the financial services industry, preferably including at least 6 years in risk and in a senior leadership role with accountability for a large risk department, function or organisational unit\n\nProven experience owning and delivering departmental/sub-functional risk strategy, including resourcing and budget trade-off decisions across multiple teams or risk domains.\n\nDemonstrated experience leading and developing multiple risk managers/teams, including succession planning and capability building at a senior level.\n\nStrong background in relevant domain i.e. banking regulations, capital markets, operational risk, insurance, ICAAP and Basel-aligned risk frameworks.\n\nExperience overseeing Insurance risk, operational risk and resilience, solvency and capital management, and risk data maturity\n\nExperience engaging regulators, auditors, consultants and other external stakeholders\n\nKnowledge:\n\nEnterprise risk management principles and their application within an Insurance business or divisional environment\n\nRisk frameworks, risk appetite, risk tolerance and risk evaluation matrices\n\nInsurance regulatory and industry frameworks, including Prudential Standards for Insurers and relevant ASISA requirements\n\nOwn Risk and Solvency Assessment (ORSA), solvency and capital management considerations within an Insurance environment\n\nOperational risk and resilience principles and their application within Insurance\n\nRisk governance, regulatory requirements and emerging Insurance risk practice\n\nRisk data governance, management information and risk performance indicators\n\nEmerging technologies, including the responsible use of artificial intelligence in risk management\n\nKey Performance Areas\n\rRisk Department Strategy, Planning and Functional Direction\n\nOwn the development and execution of the Risk Management department’s strategy and operating model, translating organisational and Insurance business priorities into a coherent departmental plan\n\nShape the departmental delivery model by defining annual priorities, risk-domain focus areas and key operational requirements\n\nHold delegated authority for resource allocation, departmental budget and capacity across risk teams and priorities, making appropriate trade-offs to support business outcomes\n\nProvide proactive, forward-looking risk insight that informs Insurance business strategy and planning\n\nRemain abreast of Insurance regulatory change, industry developments, emerging technologies and best practice relevant to risk management\n\nOwn the day-to-day functioning and sustained performance of the Risk Management department.\n\nDepartmental Management, Governance and Risk Oversight\n\nEnsure integration between risk processes, systems, teams and partner functions, including Compliance, Legal, Finance and Internal Audit\n\nEstablish and embed performance measures, review mechanisms and governance forums to support departmental delivery and address material performance impacts\n\nProvide oversight of operational risk and resilience, ORSA, solvency and related Insurance capital management considerations\n\nOwn departmental adherence to applicable Insurance regulatory, governance and internal policy requirements and escalate material risks appropriately\n\nAnalyse operational and risk data and insights to support decision-making, prioritisation and continuous improvement\n\nLeadership of the Risk Management Department\n\nBuild and maintain an effective departmental structure spanning multiple risk teams and domains, ensuring appropriate span of control and efficient delivery\n\nLead, develop and hold managers and specialists accountable for consistent standards, capability and quality of delivery\n\nProvide direction, coaching and support to departmental leaders and teams to drive performance, collaboration and continuous improvement\n\nLead workforce planning, recruitment, talent development, succession planning and performance management across the department\n\nEmbed a strong risk culture and act as a senio\n\nSkills\n\rAnalytical Skills\r\nCommunications Skills\r\nDecision making skills\r\nInfluencing Skills\r\nLeadership Skills\r\nPlanning, organising and coordination skills\r\nPresentation Skills\r\nReporting Skills\r\nStrategic Thinking Skills\r\nAdditional Information\n\rClear criminal and credit record\r\nCapitec is committed to diversity and, where feasible, all appointments will support the achievement of our employment equity goals.","description_format":"text","description_chars":5664,"description_truncated":false,"requirements":{"experience_years_min":null,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":null,"security_clearance":false,"languages":[]},"benefits":["Equity"],"hiring_locations":[],"hiring_excludes":[],"relocation_offered":false,"industries":["Commercial & Retail Banks","Digital Banks & 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