Job Description

Bring your possibility to life! Define your career with us

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 The role is required to engage with the business unit stakeholders and provide risk and compliance expertise in guiding and enabling them to execute their risk management processes in a manner consistent with the Absa Enterprise Risk Management Framework and related policies and standards. The role is part of 1LOD and works closely with the Risk and Governance teams within the Product Solutions Cluster Business Units. The role reports into PSC Executive: Governance Risk and Compliance.



Accountability: Control Environment and Regulatory Compliance

Support business 1LOD teams with control environment and regulatory compliance initiatives by:

• Reviewing the overall business risk appetite and risk strategy and providing necessary guidance and recommendations to the business units
• Ensuring control approach that is fully aligned to business priorities both structurally & functionally.
• Assisting the business to pro-actively manage issues and emerging risks.
• Managing service excellence through well-defined scalable and easily replicated risk management processes.
• Assisting with policy implementation and embedment of regulatory requirements
• Accountability for the oversight and the engagement with multiple functional areas across all lines of defense within PSC and Absa Group-wide
• Aligning the PSC risk profile through continuous interaction with internal and external stakeholders xe2x80x93 providing a balance between operational efficiency and the accepted level of risk appetite.
• Institutionalizes a culture of continuous improvement in risk management through risk awareness, Learning and Development and Communications.
• Prepare the business for assurance reviews and deep dives and play an active role in the discussion of issues to be reported from assurance reviews, ensuring that issues are valid and factually accurate, and actions are well defined, timed appropriately.

Cluster Level Governance and Reporting

• Responsible for Product Solutions Cluster level management reporting (internal and external)
• Represent PSC business Group forums and meetings.
• Standardise and enhance first line metrics, monitoring and reporting processes.

Cluster Level Integration:

• Act as the business ownership of PSC/AFS level business Risk and Compliance Standards
• Own, coordinate and oversee central business continuity management activities across the Cluster
• Management and oversight of AFS Group Outsourcing Agreements

Accountability: People Management

• Manage and develop the business continuity resources in line with Group policies and practices.
• Recognize performance, provide appropriate interventions and opportunities, and address poor performance.
• Equip team to deliver based on a high-performance culture.
• Provide strategic direction to the team in line with the strategic direction of the Group.

Accountability: Behavioural Competencies

• Personal accountability.
• Independent in practice and in thought.
• Engaged with a visible level of presence.
• Drive the right risk culture in the business.
• Appropriate level of curiosity.
• Confident to responsibly challenge, even if based on gut feel and not on data or facts.
• Ability to manage conflicts.
• Influential.
• Crisp and clear communicator, verbally and in writing.
• See the big picture, however, can get into the detail where necessary.
• Focused without adopting a silo mentality.

Education and Experience (Required)

• B Degree in Commerce, Risk Management or other risk focused subject matter.
• Post Graduate Qualification in Risk Management (advantageous)
• Relevant Subject matter certifications and/ or professional body membership advantageous.
• Minimum 5 yrs. in Risk, Audit or Compliance experience.
• Retail Banking and Insurance experience essential.
• Experience with Risk Framework elements especially Operational Risk management.
• Experience in dealing with multiple senior stakeholders.

Competencies

• Structured problem-solver
• Innovative way of solving problems
• Creative thinking
• Future thinking
• Open minded
• Resilient
• Adhering to principles and values
• Relating and networking
• Persuading and influencing
• Presenting and communicating
• Applying expertise and technology
• High levels of agility to adapt and respond to change

Knowledge and Skills

• Knowledge of Banking and Insurance Legislation
• Knowledge of the risk management principles for non-financial risks
• Good understanding of core retail banking and insurance product offering and processes

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

Absa