CIB New Products - Specialist

Job Purpose Description

To ensure that all the necessary governance and risk assessments associated with the introduction of New and Structured Products, are identified and addressed prior to product execution for CIB (all BU's) cross all geographies (South Africa and Africa Regions). This role supports both the South Africa and Africa Region New Products Committees for which are attended by Senior CIB Executives.

To drive collaboration between business and stakeholders in the roll out of new products. Job criticality Operationally Critical

Key Responsibilities

Upholding governance with effective decision making and Group policy application

• Supports line manager in driving CIB Business compliance and adherence to the Group Change Risk Management (‘CRM') Policy across all geographies (South Africa and Africa Regions) and all product lines, ensuring consistent application of the CIB Governance Operating Standard for New and Amended Business Products and Services.
• Supports the line manager with ensuring the CIB Governance Standard remains up to date and is aligned with Group policy requirements, taking into account changes in the Bank and its environment.
• Ensures NPC processes are embedded across business units and is able to effectively interpret the policy and CIB Governance Standard, providing guidance on its application to stakeholders.
• Maintain and further develop a thorough knowledge of the front to back operating models in CIB as well as the control environment to support effective decision making and risk management in the new products process.
• Exhibits cross product expertise to perform comprehensive analysis of the impact of new products on the current operating environment to ensure risk is appropriately addressed.
• Continuously explains new products to committee members.
• Supports line manager in the management of the NPC committee meetings for all CIB business units (South Africa and Africa Regions). These are formal committee structures, chaired by the NPC Chair (CIB CFO or their alternate) and is attended by senior/executive representatives of the Bank. There are often detailed discussions and that can be very technical therefore organisational knowledge is required as well as background to the product offerings for each BU's.
• Prepares minutes of the Committee meetings and nd performs detailed reviews of stakeholder minutes.
  
  

Maintaining a strong control environment

• Upfront intelligent challenge of the new product information received from business, identifying gaps, in order to ensure accuracy and completeness. Requests information that has not been provided to ensure product papers provide the requisite level of product and risk information for stakeholders to ascertain the impact of the new product on their areas.
• Effectively manage the stakeholder requirements process, supporting product requirements and formal product sign-off.
• Manage new products, ensuring product papers are updated for any changes, progress and any risks that arise during the process.
• Ownership of the post implementation review process, ensuring issues encountered are raised, reported on, monitored and subsequently addressed.
• Ability to highlight control weaknesses and drive remedial action.
• Identifies CRM policy and governance process breaches and escalates via the Operational
  
  

Risk Incident process.

• Escalates matters of urgency and/concern to line manager
  
  

Ensures efficient and effective stakeholder management and relations

• Maintain clear communication channels with all stakeholders and business as well as the line manager to align expectations in terms of timelines and ensure full awareness at all times.
• Proactively develop and manage relationships with the various key internal stakeholders and external stakeholders.
• Hold stakeholder meetings with Business and the 16 risk and operational areas.
• Ability to discuss products and identify key requirements for go-live, influencing the actions to be followed and the resolution of issues. Challenges discussions where required and is credible.
• Provides support to ensure successful and timely completion of internal and external audit engagements
• Liaises with other internal risk and governance forums to provide the necessary information
  
  

Driving process efficiencies and prioritisation

• Influence change by proactively driving continuous improvements to the NPC process and the operating environment.
• Drive prioritisation of new products and adhoc investigations by highlighting urgent issues to the line manager and enforcing solutions.
  
  

Provides useful management information & reporting

• Preparation of management information (MI) that provides concise and relevant feedback regarding new products and the approval process to key stakeholders and business.
• Assists line manager in reviewing MI reports ensuring key information is highlighted, including challenges experienced. Product completion status to be provided with any identifiable trends.
• Cross product expertise is required due to the various businesses in CIB for both South
  
  

Africa and African Regions.

• Preparing submissions for various CIB Business Governance and Risk and Control committees. Presenting to these committees where required.
• Ensures all internal product schedules and records are appropriately maintained
• Able to compile reports and ad hoc presentations
  
  

Requirements Qualifications

Minimum qualification

• CA(SA) / BCom. Finance / CFA / CIMA or other equivalent Minimum qualification
• Governance, Risk and Compliance Post Grad Minimum qualification
  
  

Preferred Qualification

• CA(SA)
  
  

Job Purpose Description

To ensure that all the necessary governance and risk assessments associated with the introduction of New and Structured Products, are identified and addressed prior to product execution for CIB (all BU's) cross all geographies (South Africa and Africa Regions). This role supports both the South Africa and Africa Region New Products Committees for which are attended by Senior CIB Executives.

To drive collaboration between business and stakeholders in the roll out of new products.

Key Responsibilities

Upholding governance with effective decision making and Group policy application

• Supports line manager in driving CIB Business compliance and adherence to the Group Change Risk Management (‘CRM') Policy across all geographies (South Africa and Africa Regions) and all product lines, ensuring consistent application of the CIB Governance Operating Standard for New and Amended Business Products and Services.
• Supports the line manager with ensuring the CIB Governance Standard remains up to date and is aligned with Group policy requirements, taking into account changes in the Bank and its environment.
• Ensures NPC processes are embedded across business units and is able to effectively interpret the policy and CIB Governance Standard, providing guidance on its application to stakeholders.
• Maintain and further develop a thorough knowledge of the front to back operating models in CIB as well as the control environment to support effective decision making and risk management in the new products process.
• Exhibits cross product expertise to perform comprehensive analysis of the impact of new products on the current operating environment to ensure risk is appropriately addressed.
• Continuously explains new products to committee members.
• Supports line manager in the management of the NPC committee meetings for all CIB business units (South Africa and Africa Regions). These are formal committee structures, chaired by the NPC Chair (CIB CFO or their alternate) and is attended by senior/executive representatives of the Bank. There are often detailed discussions and that can be very technical therefore organisational knowledge is required as well as background to the product offerings for each BU's.
• Prepares minutes of the Committee meetings and nd performs detailed reviews of stakeholder minutes.
  
  

Maintaining a strong control environment

• Upfront intelligent challenge of the new product information received from business, identifying gaps, in order to ensure accuracy and completeness. Requests information that has not been provided to ensure product papers provide the requisite level of product and risk information for stakeholders to ascertain the impact of the new product on their areas.
• Effectively manage the stakeholder requirements process, supporting product requirements and formal product sign-off.
• Manage new products, ensuring product papers are updated for any changes, progress and any risks that arise during the process.
• Ownership of the post implementation review process, ensuring issues encountered are raised, reported on, monitored and subsequently addressed.
• Ability to highlight control weaknesses and drive remedial action.
• Identifies CRM policy and governance process breaches and escalates via the Operational
  
  

Risk Incident process.

• Escalates matters of urgency and/concern to line manager
  
  

Ensures efficient and effective stakeholder management and relations

• Maintain clear communication channels with all stakeholders and business as well as the line manager to align expectations in terms of timelines and ensure full awareness at all times.
• Proactively develop and manage relationships with the various key internal stakeholders and external stakeholders.
• Hold stakeholder meetings with Business and the 16 risk and operational areas.
• Ability to discuss products and identify key requirements for go-live, influencing the actions to be followed and the resolution of issues. Challenges discussions where required and is credible.
• Provides support to ensure successful and timely completion of internal and external audit engagements
• Liaises with other internal risk and governance forums to provide the necessary information
  
  

Driving process efficiencies and prioritisation

• Influence change by proactively driving continuous improvements to the NPC process and the operating environment.
• Drive prioritisation of new products and adhoc investigations by highlighting urgent issues to the line manager and enforcing solutions.
  
  

Provides useful management information & reporting

• Preparation of management information (MI) that provides concise and relevant feedback regarding new products and the approval process to key stakeholders and business.
• Assists line manager in reviewing MI reports ensuring key information is highlighted, including challenges experienced. Product completion status to be provided with any identifiable trends.
• Cross product expertise is required due to the various businesses in CIB for both South
  
  

Africa and African Regions.

• Preparing submissions for various CIB Business Governance and Risk and Control committees. Presenting to these committees where required.
• Ensures all internal product schedules and records are appropriately maintained
• Able to compile reports and ad hoc presentations
  
  

Desired Skills:

• CA(SA)
• CIMA
• Risk