The Head of Risk Measurement is a key advisor to the BAGL Head of Financial Risk and BAGL Treasury in respect of balance sheet management opportunities to drive financial performance, capital efficiency and the risk dynamics of each portfolio. Risk measurement operates where Risk, Finance and Treasury intersect and as such is a highly complex and technical role. It is a key relationship role with the individual BAGL businesses and Group Risk, as well as to the Finance function in communicating risk, capital and impairment trends. It is also central in communicating to and engaging with multiple regulators (PRA, SARB) and internal senior management (Group Risk, BU CEOs / CFOs) regarding capital demand, risk appetite and stress testing. Responsible for developing and executing the Risk Measurement strategic direction and build of world-class capabilities across RBB, CIB, WIMI and BAGL Group Risk including: Forecasting and stress testing - Accountable for leading risk and capital related forecasting capability development and risk inputs to Business Planning Cycles.- Direct and oversee stress testing. - Leading the communication of risk and capital trends with BAGL Exco and Board. Capital demand and optimization - Embedding the use of regulatory and economic capital by senior management in financial and capital planning, risk management, pricing and performance measurement to support the adopted risk appetite and delivery of the Group’s strategic objectives. - Lead collaboration with Risk teams to drive the optimisation of regulatory and economic capital where inefficiencies relating to data, process, methodologies and risk mitigation exist. Risk Appetite - Establish risk appetite linked to the BAGL’s short- and long-term strategic, capital, and financial plans, as well as compensation programs. - Ensure alignment of the overall risk appetite statement with the business lines, risk areas, and lower tolerance levels.

Responsible for directing and overseeing enterprise risk management efforts in order to drive the group’s risk and capital management processes to ultimately meet strategic objectives. RESPONSIBILITIES:• Direct and oversee enterprise risk management efforts including risk identification, oversight, analysis, management and reporting to senior leadership and the Board of Directors. • Oversee enterprise risk management efforts including collaboration with senior executives in the identification, management, and reporting of emerging risks, mitigation strategies, key risk indicators, risk appetite, residual risk, and interdependencies.• Collaborate with subsidiaries and business units to develop enterprise risk management disciplines consistent with enterprise objectives; integrate results for reporting to senior executives and the board of directors.• Collaborate and align with strategic and capital planning to achieve and maintain formal integration with enterprise risk management.A core deliverable is the implementation of Liberty’s Solvency Assessment and Management (SAM)/Solvency II programme through a cross-functional team working collaboratively across the group.RESPONSIBILITIES:• Responsible for the implementation of the SAM programme - for the delivery of planned initiatives associated with the SAM programme throughout the life of the initiatives, organisation-wide.• Ensure that the group meets SAM/Solvency II requirements by driving necessary changes in models, data, business processes, governance and reporting.• Securing the necessary resources and putting the necessary people and structures in place to enable successful programme delivery.• Management of internal and external stakeholders, including the Board, business unit CEO’s, CFO’s and the regulator.• Thought leadership across the group on concepts relating to economic capital and risk-adjusted performance.

- Integration of risk management in Standard Bank’s strategic management process.• Analysis of business unit business plans to identify potential risk exposures as well assumption sensitivities and action triggers.• Development of risk management frameworks and the identification, analysis, prioritisation and reporting of emerging risks.• Enhancing stress testing framework, including comprehensive reverse stress testing methodology.• Development and implementation of risk appetite.• Capital model development in Standard Bank’s AMA Operational Risk project.

Responsible for:- Evaluating the design and operational effectiveness of the Credit Risk Frameworks and reporting on findings, stating any shortcomings identified and recommending corrective actions for deficiencies.- Aggregating, consolidating and analysing Credit Risk information and changes in the credit risk profile for Standard Bank Group and SBSA- Monitoring the use of credit risk limits risk tolerance levels and credit risk appetite, and ensuring that quantifiable risks are within the structure of approved limits.- Reporting of the aggregated Credit Risk exposure to senior management and appropriate governance committees.- Developing and implementing processes for projection and monitoring of credit risk exposures with follow up actions.- Creation and maintenance of a set of comprehensive and clear documentation including:- Standard Bank Group Credit Risk Management Standard and Supporting Methodologies.- Credit Stress Testing and Scenario Analysis Framework.- Reporting details on the outcome of the Internal Capital Adequacy Assessment Process (ICAAP) as it relates to Credit Risk.- Performing oversight over credit risk economic capital (Moodys KMV Portfolio Manager and RiskFrontier) and stress testing models in conjunction with the Model Validation Specialists.- Presenting economic capital and stress testing methodologies and results to the SARB and Group Risk Committee.- Oversight of preparation and submission of Regulatory returns in respect of credit risk (BA200 series).

• Executive Management – member of Group Internal Audit executive committee.• Stakeholder relationship management – South African Reserve Bank, business cluster executives, Group Audit Committee.• Presentation of audit plan and audit results to executive, Group Audit Committee and SARB.• Alignment of internal audit and Risk Management Functions with specific focus on establishing a co-assurance relationship.• Representation at Group Audit Committee, Group Risk Committee, Group Credit Committee and Asset and Liability Committee (ALCO).• Strategic planning and implementation, including the restructure of Nedbank Group Internal Audit as well as annual and quarterly risk based audit planning activities.• Participation in risk related projects, including Basel II (AIRB, IMA and AMA) projects.• Management of six audit teams i.e. Credit Audit, Market Risk Audit, Operational Risk Audit, Compliance Audit, Capital Management Audit, Model Validation Audit, Investment Banking and Treasury Audit teams.