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 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 through the year, including but not limited to the strategic risk assessments, understanding the operating environment and plausible scenario analysis
- Support the risk management activities of the strategy and sustainability office and associated reporting.
- Maintain relevant frameworks and policies as they pertain to strategic risk and insurance risk and ensure conformance with these.
- Provide ad hoc support in terms of strategic risk, insurance risk and risk appetite as required.

Accountability: Strategic Risk Type Management & Measurement

• Support the Head of Strategic and Insurance risk in fulfilling the responsibilities of the Strategic Risk Type Officer, in line with ERMF requirements, and those stipulated in supporting frameworks and policies.
• Maintain relevant framework and policies and act as document custodian.
• Perform strategic risk assessments in collaboration with clusters / business units on an annual basis, or as required.
• Monitor and report on defined Early Warning indicators for Strategic risk
• Contribute towards the economic capital calculation process for strategic risk.
• Draft appropriate framework and supporting policy documents as required by the ERMF.

Accountability: Insurance Risk Type Management & Measurement

• Support the Head of Strategic and Insurance risk in fulfilling the responsibilities of the Insurance Risk Type Officer, in line with ERMF requirements, and those stipulated in supporting frameworks and policies.
• Maintain relevant framework and policies and act as document custodian.
• Manage AGL and Group stakeholders' expectations and satisfy AGL regulatory requirements as required.

Accountability: Stakeholder management

• Support the delivery and communication of strategic objectives for enterprise risk reporting to senior stakeholders. This includes building and maintaining collaborative relationships with Key Risk Owners and other relevant stakeholders across the Group.
• Build effective collaborative working relationships/information flows with senior stakeholders.
• Develop and maintain relationships with Risk teams and Strategy teams across the group.
• Engage with internal customers to manage their expectations and deliverables.
• Agree and manage service offerings and Service Level Agreements with internal customers [agree annually and measure monthly].
• Represent and actively participate in Group meetings related to risk management and strategic planning forums.

Accountability: Continuous improvement and growth

• Stay abreast of knowledge and skills relevant to the level and area of work with particular focus on best practices.
• Consider internal and external influencing events, quantify the impact on the business and pro-actively find solutions.

Preferred Education:

• BSc/MSc Degree Mathematics, Statistics, Actuarial, Risk management

Preferred Experience:

• Minimum of 5-10 years' experience in a quantitative risk management role, preferably in the banking industry.
• 2-5 years additional experience in business management.
• High level of numeracy and lateral innovative thinker
• Experience working with excel modelling and ability to interact strategically with internal stakeholders
• Experience with reporting to senior management

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