Work on risk mitigation strategies for your client with Standard Bank.
Welcome to the Risk Management Virtual Job Simulation! We are so excited to have you here!
Here at Standard Bank, we’re passionate about driving sustainable, inclusive growth across Africa. The kind of growth that will make a positive and lasting impact on all our lives. We put Africa’s dreams, our clients’ dreams, and our people’s dreams at the heart of everything we do.
During this programme, you will get the opportunity to step into the shoes of a Standard Bank team member and complete tasks that replicate the work that our Risk Management team does every day. You’ll learn how to gather information, identify areas of risk, assess existing risk mitigation practices, and propose improvements.
We hope this programme provides a great resource for you to upskill and strengthen your resume as you explore career options and a potential career at Standard Bank!
All tasks, materials, companies, and people featured in this programme are simulated and entirely fictional. Any resemblance to real persons (either living or dead) or other real-life entities is purely coincidental.
This program is self-paced. It takes approximately 6-7 hours to complete.
Skills Learned:
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Intro & Scenario
Background context and your project team -
Information gathering
Obtain an initial understanding of existing risk management practices- Communication
- Analysis
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Risk documentation review & risk control matrix
Compile a comprehensive document summarising the bank’s internal controls- Analysis
- Documentation
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Identification of unmitigated risks
Identify risks that are not adequately controlled and design controls to mitigate those risks- Issue Identification
- Issue Mitigation
- Documentation
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Communication of findings
Report project results to senior management- Reporting
- Documentation
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Finish Line
