Rb Risk Chief Operations Officer

Absa Group; Johannesburg; On-site; ZAR 80 000 - 150 000; Full time

Job summary

An established industry player is seeking a dynamic Chief Operating Officer to lead transformative initiatives within their Risk function. This pivotal role involves driving operational efficiency, enhancing risk management capabilities through innovative technologies, and fostering a culture of continuous improvement. The ideal candidate will collaborate closely with various teams, ensuring alignment with strategic objectives while overseeing financial planning and compliance. Join this forward-thinking company to make a significant impact on its future and contribute to a culture that values innovation and collaboration.

Qualifications

• 5+ years experience in a similar role within the financial industry, preferably in banking.
• Strong knowledge of risk management processes and systems.

Responsibilities

• Lead transformative change programs within the Risk function.
• Oversee financial planning and budgeting for the risk department.
• Implement best practices and standardize processes across the Risk function.

Skills

Operational Efficiency

Risk Management

Change Management

Financial Planning

Data Analytics

Technology Adoption

Education

BCom (NQF 8) Degree or equivalent

Bachelor's Degrees in Business, Commerce, and Management Studies

Tools

Data Analytics Tools

Automation Technologies

AI Systems

Job description

Join us for the RB Risk Chief Operations Officer role at Absa Group

Empowering Africa's tomorrow, together… one story at a time. With over years of rich history and a strong position 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

The Chief Operating Officer (COO) is responsible for driving operational efficiency, leading strategic change initiatives, and overseeing the day-to-day operations within the Risk function. This role is pivotal in implementing transformative projects that enhance the bank's risk management capabilities, including technology adoption, process improvement, and cultural change. The COO collaborates closely with all risk functions to ensure alignment with the BU's strategic objectives and fosters a culture of continuous improvement and risk awareness.

Job Description

Accountability: Strategic Change and Transformation Initiatives

• Lead the design and execution of transformative change programs within the Risk function.
• Identify opportunities for innovation and improvement in risk management processes and systems.
• Oversee the implementation of new technologies, including automation, artificial intelligence, and data analytics tools.
• Manage change management efforts to ensure successful adoption of new initiatives across the risk function.

Accountability: Operational Efficiency and Process Improvement

• Analyze existing operational processes to identify inefficiencies and areas for enhancement.
• Implement best practices and standardize processes across the Risk function.
• Monitor operational performance metrics and drive initiatives to improve efficiency and effectiveness.
• Ensure that operational processes are compliant with regulatory requirements and internal policies.

Accountability: Finance Management and Budgeting for the Risk Function

• Oversee financial planning, budgeting, and cost management for the risk department.
• Develop and monitor budgets to ensure optimal allocation of resources.
• Collaborate with finance teams to align risk function budgets with overall organizational financial plans.
• Implement cost-saving initiatives without compromising the quality of risk management.

Accountability: Technology Implementation and Innovation

• Lead the adoption of cutting-edge technologies to enhance risk management capabilities.
• Work closely with IT and data teams to implement risk management systems and tools.
• Ensure that technology initiatives support strategic objectives and improve risk processes.
• Promote the use of data analytics, automation, and AI within the risk function.

Accountability: Business Management and Administration

• Oversee business management activities, including planning, reporting, and governance processes.
• Ensure compliance with organizational policies and regulatory requirements in all administrative matters.
• Manage vendor relationships and oversee procurement processes relevant to the risk function.
• Maintain up-to-date documentation of processes, procedures, and policies.

Accountability: Risk Support Services Coordination

• Manage administrative and operational support services for the risk function.
• Ensure that support functions provide high-quality services to all risk teams.
• Coordinate training and development programs for risk personnel.
• Facilitate effective communication and collaboration among different risk departments.

Accountability: Culture and Change Management

• Champion a positive risk culture that aligns with the bank's values and strategic objectives.
• Collaborate with teams to embed a strong risk-aware culture.
• Lead initiatives to promote cultural change and enhance employee engagement within the risk function.
• Foster an environment that encourages innovation, collaboration, and continuous learning.

Education and Experience Required

• BCom (NQF 8) Degree or equivalent
• 5+ years experience in a similar role within the financial industry, preferably in banking

Qualifications

• Bachelor's Degrees and Advanced Diplomas in 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 , preference will be given to suitable candidates from designated groups to contribute towards achieving equitable demographic representation and diversity.