Risk Manager : Strategic And Insurance Risk- Vp

Absa Group; Gauteng; On-site; ZAR 800,000 - 1,500,000; Full time

Job summary

A leading bank in South Africa is seeking a strategic risk management professional to support the Head of Strategic and Insurance Risk. This role involves managing risk profiles, conducting assessments, and fostering relationships with stakeholders. The candidate should have advanced qualifications in Mathematics or Risk Management and extensive experience in quantitative risk management, ideally within banking. Join us in shaping Africa's future as part of an inclusive workplace focused on diversity and empowerment.

Qualifications

• Minimum of 5-10 years in a quantitative risk management role, preferably in banking.
• High numeracy with experience in Excel modeling.
• Experience in business management with strategic stakeholder interaction.

Responsibilities

• Manage strategic and insurance risk profiles with relevant reporting.
• Conduct strategic risk assessments with clusters/business units annually.
• Support delivery and communication of strategic objectives for enterprise risk.

Skills

Quantitative analysis

Numeracy

Stakeholder interaction

Excel modeling

Education

BSc in Mathematics

MSc in Statistics

Actuarial Science

Risk Management

Bachelor's Degree in Business

Commerce

Management Studies

Job description

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

With over 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

Support the Head of Strategic and Insurance risk in fulfilling their responsibilities in line with the ERMF for Strategic Risk and Insurance Risk through:

• Management of the strategic and insurance risk profiles of the group, and the relevant reporting thereof.
• Support the EWI tracking process for strategic risk.
• Play an active role in supporting business in performing key strategic risk processes throughout the year, including strategic risk assessments, understanding the operating environment, and scenario analysis.
• Support risk management activities of the strategy and sustainability office and related reporting.
• Maintain relevant frameworks and policies related to strategic and insurance risk, ensuring conformance.
• Provide ad hoc support in strategic risk, insurance risk, and risk appetite as needed.

Job Description

Accountability: Strategic Risk Type Management & Measurement

• Assist the Head of Strategic and Insurance risk in fulfilling responsibilities as the Strategic Risk Type Officer, aligned with ERMF and supporting frameworks.
• Maintain relevant frameworks and policies, acting as document custodian.
• Conduct strategic risk assessments with clusters/business units annually or as required.
• Monitor and report on Early Warning indicators for strategic risk.
• Contribute to the economic capital calculation process for strategic risk.
• Draft framework and policy documents as required by ERMF.

Accountability: Insurance Risk Type Management & Measurement

• Support the Head of Strategic and Insurance risk in fulfilling responsibilities as the Insurance Risk Type Officer, in line with ERMF and supporting policies.
• Maintain relevant frameworks and policies; act as document custodian.
• Manage stakeholder expectations and meet regulatory requirements.

Accountability: Stakeholder Management

• Support the delivery and communication of strategic objectives for enterprise risk reporting to senior stakeholders.
• Build and maintain collaborative relationships with Key Risk Owners and other stakeholders across the Group.
• Develop relationships with Risk and Strategy teams across the group.
• Engage with internal customers to manage expectations and deliverables.
• Manage service offerings and SLAs with internal customers.
• Participate in Group risk management and strategic planning forums.

Accountability: Continuous Improvement and Growth

• Stay updated on relevant knowledge and skills, focusing on best practices.
• Consider external and internal influences, quantify impacts, and proactively find solutions.

Preferred Education

BSc / MSc in Mathematics, Statistics, Actuarial Science, or Risk Management.

Preferred Experience

Minimum of 5-10 years in a quantitative risk management role, preferably in banking; 2-5 years in business management; high numeracy; experience with Excel modeling; strategic stakeholder interaction.

Education

Bachelor's Degree in Business, Commerce, or 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 promote workforce diversity.

Absa Bank Limited reserves the right not to fill the position.