Specialist: Risk

Absa Group; Sandton; On-site; ZAR 800,000 - 1,200,000; Full time

Job summary

A leading bank is seeking a skilled professional for governance and control management roles, focusing on implementing the Enterprise Risk Management Framework. The successful candidate will manage relationships with stakeholders and be responsible for delivering key reports to senior management, utilizing extensive experience in risk environments.

Qualifications

• 5-8 years’ experience in a financial institution, preferably in investments.
• 3-5 years’ experience in a risk environment.
• Proficiency in ORMS system preferred.

Responsibilities

• Ensure compliance with regulatory requirements and risk frameworks.
• Deliver management information on key risk indicators.
• Engage with stakeholders to implement risk management processes.

Skills

Knowledge of risk management principles

Data analytics

Presentation and communication

Planning and organizing

Education

Bachelor's degree or equivalent in Operational Risk Management

Tools

ORMS system

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

Responsible for all governance and control management related activities in accordance with Regulatory and Group requirements. To develop and monitor the implementation of the Enterprise Risk Management Framework. Build and maintain meaningful relationships with internal stakeholders, specifically business, risk and compliance counterparts to execute on own deliverables. Management of related activities and reporting to senior management for relevant forums and committees within agreed timelines. Provide advice and support in the development and implementation of governance planning and associated service delivery processes, methods and techniques.

Job Description

• Ensure that all activities and duties are carried out in compliance with regulatory requirements Enterprise Risk Management Framework (ERMF), Operational Risk frameworks and related policies and standards.
• Engage with Risk and Compliance colleagues to ensure proper implementation of related policies and standards.
• Support the business in the implementation and embedment of Enterprise Risk Management Framework (ERMF), including those applicable for Risk and Control Self-Assessments (RCSAs), Critical Process Assessments (CPAs), Management Control Approach (MCA), Issue Management, Fraud Management, Combined Assurance, Risk Events, Key Indicators, as well as Dispensations Waivers and Breaches (DWBs) as well as Management Control Approach (MCA).
• Deliver value-added management information, specifically key risk indicator trends, and analysis of the drivers of risks to assist senior management to better manage risks.
• Monitor, measure, prepare and deliver on applicable reports; raising concerns and challenges, escalating associated risks and any material issues identified.
• Support the team in governance-related matters, including but not limited to monitoring and tracking the strategic initiatives, providing administrative support for Committee meetings including documenting minutes and tracking of meeting action items and initiatives where required.

Reporting and Analysis

• Source and interpret data for reporting to the enterprise risk committee and any other related reporting requirements.
• Ensure data quality and accuracy of reporting.
• Support the management reporting of all key concerns as appropriate through monthly and quarterly risk committees, forums, and governance committees.
• Ensure the completeness, accuracy, and validity of reporting through the monitoring of data quality on the Operational Risk Management System (ORMS) and related risk management systems.
• Engage business stakeholders and maintain effective follow-up and tracking of the remediation of weaknesses and control gaps identified.
• Reporting of all material concerns as appropriate and through risk and control governance committees.

Education and Experience Required

• B degree or equivalent specialising in Operational Risk Management / Audit / Business Management
• 5- 8 years’ experience in a Financial Institution preferably investments.
• 3-5 years’ experience in a Risk Environment

• Knowledge and Skills:
• Knowledge of the risk environment and risk management principles.
• An understanding of the operations of an investment and/or stockbroking business would be preferred.
• Keeping abreast of changes in industry and developing of own competency through continuing education.
• Proficiency in ORMS system preferred.

Competencies:

• Deciding and initiating action
• Persuading and influencing
• Relating and networking
• Working independently
• Presenting and communicating information
• Analysing data (including data analytics and dashboards)
• Adaptability
• Planning and organising
• Coping with pressure and setbacks
• Learning and researching

Education

Bachelor`s Degrees and Advanced Diplomas: Risk Management (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