RB Risk Chief Operations Officer

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

Job summary

An established industry player is seeking a Chief Operating Officer (COO) to drive operational efficiency and lead strategic change initiatives. This pivotal role involves overseeing day-to-day operations within the Risk function, implementing transformative projects, and fostering a culture of continuous improvement. The ideal candidate will have a strong background in risk management, technology adoption, and process improvement. Join a forward-thinking organization that values innovation and collaboration, and play a key role in shaping the future of risk management within the financial sector.

Qualifications

• 5+ years experience in a similar role within the financial industry.
• Strong background in risk management and strategic change.

Responsibilities

• Lead transformative change programs within the Risk function.
• Implement new technologies to enhance risk management capabilities.

Skills

Strategic Change Management

Risk Management

Process Improvement

Financial Planning

Technology Implementation

Data Analytics

Cultural Change Leadership

Education

BCom (NQF 8) Degree

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

Tools

Data Analytics Tools

Automation Technologies

Risk Management Systems

Job description

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

With over 100 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

Accountabilities include:

1. Strategic Change and Transformation Initiatives:

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

Operational Efficiency and Process Improvement:

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

Finance Management and Budgeting:

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

Technology Implementation and Innovation:

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

Business Management and Administration:

• Oversee planning, reporting, and governance activities.
• Ensure compliance with policies and regulations in all administrative matters.
• Manage vendor relationships and procurement relevant to the risk function.
• Maintain documentation of processes, procedures, and policies.

Risk Support Services Coordination:

• Manage administrative and operational support services for the risk function.
• Ensure high-quality support services to risk teams.
• Coordinate training and development programs for risk personnel.
• Facilitate communication among risk departments.

Culture and Change Management:

• Champion a positive risk culture aligned with the bank's values.
• Embed a strong risk-aware culture within teams.
• Lead initiatives to promote cultural change and employee engagement.
• Foster an environment of innovation, collaboration, and continuous learning.

Education and Experience Requirements

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

Education

Bachelor's Degrees and Advanced Diplomas in Business, Commerce, and Management Studies are 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 to promote demographic diversity.

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