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Risk Officer

Risk Officer

HollywoodbetsDurban, ZA
22 hours ago
Job description

Job title : Risk Officer

Job Location : KwaZulu-Natal, Durban

Deadline : December 08, 2025

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Responsibilities

Financial Metrics / Operational Duties

Risk Identification and Analysis :

  • Conduct comprehensive risk assessments across designated business units (business functions such as operations, marketing, IT, customer services, and other relevant areas of business), identifying both internal and external potential risks.
  • Conduct risk assessments and evaluate the effectiveness of existing risk controls in the designated business units.
  • Assist in the identification of both operational and strategic risks that could impact the Business Unit.
  • Evaluate risk data and recommend improvements or mitigation strategies based on risk analysis
  • Utilize qualitative and quantitative methods to assess the likelihood and impact of identified risks.
  • Stay updated on emerging risks and industry trends to proactively identify potential threats to the organization.

    • Risk Ownership and Monitoring :

  • Monitor daily risk activities within the designated business units and ensure that any emerging risks are reported and addressed promptly.
  • Regularly update the Risk Register for the assigned business units and report on risks to the Risk Manager.
  • Regularly review the information held on the risk management system (LexisNexis) to identify issues with quality of the information – working with the business to improve quality and maintain accuracy.
  • Perform other duties as reasonably required to support the effective management of enterprise risks and contribute to the overall success and maturity of the risk management function.

    • Risk Mitigation and Control Implementation :

  • Collaborate with the Risk Manager to develop and implement and embed effective risk mitigation strategies into operational processes.
  • Ensure that business units follow established risk mitigation and control measures, and monitor the implementation of these controls.
  • Ensure that identified risks are mitigated through appropriate actions, and that the business units maintain compliance with risk management policies.
  • Conduct the risk and control self-assessments (RCSA) within the business unit. Track remediation plans and agreed control improvements.
  • Monitor the effectiveness of remediation plans and agreed control improvements and make adjustments as needed.
  • Investigate incidents and accidents to determine root causes and develop corrective actions to prevent re-occurrence (apply root-cause analysis and other problem solving techniques).
  • Coordinate and schedule meetings, administration and support the Enterprise Risk Management Team with the development of training materials to promote risk awareness.

    • Governance and Compliance :

  • Ensure the designated Business Units comply with gambling industry regulations, including responsible gambling practices, data protection laws, and other relevant industry guidelines and standards.
  • Support the designated Business Units in ensuring compliance with all the applicable laws, regulations legal standards and guidelines.
  • Advise business leadership on potential regulatory risks and compliance implications.

    • Reporting and Communication :

  • Collaborate with designated Business Units’ stakeholders to gather and compile risk-related information (including, detailing risk activities, emerging risks and compliance status) and reports and assist in the dissemination of information as required.
  • Prepare clear and concise risk reports for senior management and relevant stakeholders, highlighting key risks and mitigation plans.
  • Regularly report on the risk status within the designated Business Units to the Risk Manager, highlighting key risks, mitigation efforts, and their effectiveness.
  • Effectively communicate risk information to diverse audiences, tailoring the message to their level of understanding.
  • Promote a positive Risk Management culture / awareness within the Business Unit.

    • Behavioral Skills and Competencies :

  • Strong analytical and critical thinking skills to evaluate complex risks.
  • Attention to detail and accuracy in data entry and documentation, with a commitment to maintaining confidentiality and integrity of information.
  • Excellent communication and interpersonal skills to build relationships and influence stakeholders.
  • Leadership abilities to drive risk management initiatives and promote a risk-aware culture.
  • Ability to work independently and as part of a team.
  • Ability to adapt quickly to changing environments and priorities, maintaining effectiveness in dynamic situations

    • People Management

  • Work effectively and efficiently with teams that are committed to organizational goals and initiatives.
  • Identification of training as and when needed for team members.
  • Adequate recognition of team member efforts and motivation of team members.
  • Sustainable morale and team building.
  • Monitoring of team member productivity, punctuality, breaks and smoke breaks etc.
  • Promotion of a healthy, productive and fair work environment.
  • Adhere to the principles of an ethical, honest, transparent, fair work environment
  • Communicate in a professional manner.
  • Conduct performance review and promote a culture of compliance and integrity within the team

    • Compliance, risk, and quality

  • Creating, maintaining, and enforcing company policies and procedures.
  • Compliance with health and safety regulations (where applicable).
  • Compliance with the relevant laws, regulations, and affiliated professional standards.
  • Regular risk assessments and maintenance of the risk register
  • Intense focus on quality with regards to communication, capturing, documentation etc.
  • Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can withstand scrutiny when enquiries / investigations / audits take place.
  • Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula linked work / templates / workbooks / financial models / recons / audits - of which is substantiated by facts with no numbers in the formulas.
  • Ensure the above (final version) and other documents are chronologically saved / backed up.
  • Effectively deal with internal, external, SARS, BEE, and any other auditor / regulatory / oversight body in the normal course of business.
  • Report suspicious behavior and fraud findings immediately.
  • Promote declaration of all gifts.
  • Promote non acceptance of kickbacks. Instances to be reported immediately.
  • Promote declaration all conflicts of interest upfront.
  • Promote a culture of confidentiality within the business with regards to the protection of personal information.
  • Promote the Code of Ethics (Integrity, Objectivity, Confidentiality and Competence).
  • Ensure all personal information of employees, customers and suppliers and other stakeholders is not shared and is maintained in a secure environment.
  • Stay updated with changes in the relevant industry and changes to relevant Acts / Regulations.

    • Growth and new markets / products

  • Source new products / innovations / robotics / artificial intelligence / predictive analysis / predictive analytics.
  • Development of existing products / software.
  • Ensure that measures are put in place and steps are taken to achieve short term, medium-term, long-term goals of the broader group.
  • Assist with company projects or lead company projects as allocated from time to time.
  • Drive continuous improvement initiatives based on industry best practices and regulatory updates.

    • Qualifications

  • Completed Matric
  • Completed Degree in Risk Management or equivalent
  • Computer literate
  • Valid driver’s license
  • 3 – 5 years’ experience in risk management (Risk Champion, Risk Co-ordinator, Risk Specialist etc)
  • Proficiency in established risk management methodologies and frameworks (e.g., COSO Enterprise Risk Management
  • Framework, ISO 31000 Standard, etc.)  (Advantageous)
  • Knowledge of relevant industry regulations and compliance standards (Advantageous)
  • Proficiency in MS office tools – Excel, Power point, Word (Advantageous)
  • Experience in using ERM software (e.g., LexisNexis) (Advantageous)
  • Familiarity with gambling regulations and compliance requirements in various jurisdictions, ensuring adherence to legal standards (Advantageous)
  • Previous experience in the online gaming industry, with a strong understanding of player behaviour and industry regulations (Advantageous)
  • In-depth knowledge of sports betting markets, including odds calculation, betting types and market trends (Advantageous)

    • Apply Before 11 / 30 / 2025

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    Risk Officer • Durban, ZA