Lisp (Cat 3) Business Relationship and Risk Manager

2 weeks ago


Johannesburg, Gauteng, South Africa Absa Bank Limited Full time
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

B degree (Business, Risk, Financial, Commerce, Management)

5 years' experience in a Financial Institution preferably investments and insurance exposure

3 years' experience in a Risk Environment (Governance & Control, Operational Risk etc.)

Job Description:

Business and Risk Management

  • Ensure that all activities and duties are carried out in compliance with regulatory requirements (including but not limited to FAIS, FICA, AML, POPIA & the Longterm Insurance Act), Enterprise Risk Management Framework (ERMF) and related policies and standards.
  • Engage with Risk teams 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), Issue Management, Fraud Management, Combined Assurance, Risk Events, Key Indicators, as well as Dispensations Waivers and Breaches (DWBs).
  • Ensure that systems and processes are in place to enable regulatory compliance.
  • Deliver valueadded 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.
  • Participate in the monitoring and reporting of internal and external SLAs and related activities on a monthly basis. Address any process failures specific to the internal and/or external parties.
  • Support the team in governancerelated 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
  • Establish and manage operational processes including Business Continuity Management (BCM) and Data & Records Management.
  • Lead and ensure completion of strategic deliverables within allocated time and with mínimal oversight from Senior Management.
  • Manage SLA with outsource third party provider assessing performance against specific SLAs set out in the Outsource agreement on weekly, monthly quarterly and any other time period that may be appropriate.
  • Management of thirdparty insurers, specifically quarterly, and annual binder reviews including ad hoc queries and requests from insurers auditors.
  • Agreeing scope and managing annual audits with external auditors for both the Nominee Company and AIMS Pty Ltd, including facilitating relevant requests with the Outsource Third Party Provider a clean audit that is completed on time.
  • Ensure all regulatory submissions are completed and submitted on time in conjunction with combined assurance partners specifically compliance
  • Ensure all Absa policies adhered too, and all reports as defined in the Governance and Control construct are submitted on time. This will be done in conjunction with Governance and control.
  • Ensure that rates are received and published for available products
  • Ensure trades for new business carried out
  • Ensure maturities if existing business is executed
Reporting and Analysis

  • Source and interpret the data for compiling all regulatory reporting requirements and ensure data quality and accuracy of reporting.
  • Source and interpret the data for compiling the monthly risk committee and quarterly enterprise risk committee pack or any other reporting as required and 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 followup and tracking of the remediation of weaknesses and control gaps identified.
  • Maintain and develop awareness of risk management issues to support completeness, accuracy, and robustness of reporting.
  • Report all material concerns as appropriate and through risk and control governance committees.
  • Ensure that Absa Finance receives the necessary information and reports to compile financial reports which will ultimately inform annual financial statements
  • Ensure insurer, daily, weekly, quarterly and where relevant annual reports are provided by the outsource third party timeously. Also ensure reports are complete.


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