Executive: Governance, Risk & Compliance

Absa Group; Johannesburg; On-site; ZAR 600 000 - 900 000; Full time

Job summary

A leading financial institution in Johannesburg is seeking a Governance & Control team leader to manage the risk profile and improve operational risk adherence. The ideal candidate will have strong experience in stakeholder engagement, develop and maintain effective governance structures, and lead a high-performance team. A Bachelor's degree in Business, Commerce or Management is required. This role involves significant reporting and strategic responsibilities that contribute to organizational success.

Qualifications

• Experience in managing operational risk in a financial services context.
• Strong ability to engage with multiple stakeholders and communicate policies.
• Proven track record in developing and leading teams.

Responsibilities

• Manage the risk profile and monitor adherence to non-financial risk appetite.
• Develop governance structures for operational risk management.
• Engage with internal and external stakeholders on control management.
• Drive reporting on operational excellence and assurance issues.

Skills

Risk management

Stakeholder engagement

Team management

Strategic planning

Education

Bachelor's Degree in Business, Commerce or Management

Job description

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Lead First Line Governance & Control team in the managing of the risk profile through evaluating, responding and monitoring of operational risk in line with Operational Risk Framework.

Job Description

Accountability: Governance and Control

• Set Non‑Financial Risk Appetite for the area, and monitor adherence thereof
• Assist the business to pro‑actively manage issues and emerging risks.
• Responsible for optimal combined assurance plan, and governance and delivery thereof
• Ensure a control approach that is fully aligned to business priorities both structurally & functionally

Accountability: Drives the strategy to achieve first line of defence governance excellence

• Set up and manage Governance & Control for the area to achieve excellence through well‑defined scalable and easily replicated risk management processes.
• Implement and maintain effective governance structure within Everyday Banking and product area
• Manage Policy and Standard rollout and compliance for the area.
• Accountability for the oversight and the engagement with multiple functional areas that include; Governance and Control, Conformance, Operational key risks (Resilience, etc.), Audit, Compliance and with a view on current trends and future projections.
• Accountable for the monitoring, implementation and reporting of Anti‑money‑laundering policies with Cards business across the portfolio.
• Aligns the risk profile of Business Area through continuous interaction with internal and external stakeholders – providing a balance between operational efficiency and the accepted level of risk appetite.
• Institutionalizes a culture of continuous improvement in risk management through risk awareness, Learning, Development and Communications.

Accountability: Stakeholder engagement

• Be the point of entry for interactions with the key business stakeholders on control management.
• Position and communicate standards, requirements and initiatives with the relevant stakeholders
• Actively drive a plan for all control matters affecting the business
• Liaise with senior executive stakeholders and stakeholder groups

Accountability: Reporting

• Risk and Control reporting for the business includes the Operational Summary for the Business ME and Strategic Updates at a business level.
• Group Operational Risk reporting (e.g. CPA,MCA,RCAs, Operational KRIs, etc.).
• Implementation of innovative reporting and tracking mechanisms for tracking of all assurance issues etc.
• Drives the reporting on progress updates for operational excellence and control remediation issues.

People management

• Recruit the right people.
• Develop, motivate and manage people. Recognize performance, provide appropriate interventions and opportunities, and address poor performance.
• Equip team to deliver based on a high performance culture.
• Provide strategic direction to the team in line with the strategic direction of the Group.
• Establish and maintain a succession plan for the key roles in the area and review and approve succession plans

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised