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Head: Responsible Sourcing

3 months 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


To support the Chief Procurement Officer and develop a functional all encompassing Third-Party Risk capability, framework, strategy and operating model in a broadly defined group functional strategy; enabling horizontal implementation and adoption.

Provide oversight on the standards, processes, and governance in the third-party resilience risks (e.g. Technology, Information Security and Cyber, Data and Records Management, Business Continuity Management and Change management domains).

Ensure that all activities for the centre of excellence and duties assigned are carried out in full compliance with regulatory requirements, enterprise-wide risk management and governance management frameworks (and other applicable guidelines), internal policies and standards.

Ensure that all activities for the centre of competence and duties assigned are carried out in full compliance with regulatory requirements, enterprise-wide risk management and governance management frameworks (and other applicable guidelines), internal policies and standards

Job Description:

  • Ownership of the COE target operating model, and all incumbents related to it (i.e., COE engagement, change management, constitution)
  • To be the functional leader and get results through complete functional synergy, building flexibility & effectiveness of the whole function, and collaborating with supporting areas to achieve the desired results
  • Understand the relevant third party type value chain and leverage from all subfunctions and risk activities
  • To be 'futureoriented' through functional and industry best practice strategies and methodologies in getting "tomorrow's results" by addressing current issues
  • Stay abreast of market, tools, methodology, practice changes and act as an advisor to guide business and the COE in managing the applicable risks exposures (R&D)
  • Lead the support of Business Heads, Executives and Line Management with required governance, control, monitored reporting, in terms of the relevant risk types
  • Manage other and self

The Head will be required to:

  • Understand business processes, business models, relevant value chains, its risk impact as well as key drivers associated.
  • Develop and promotes a risksmart workforce and environment.
  • Deploy capacity and tools to be innovative while recognizing and respecting the need to be prudent in risk management
  • Promote the protection of the Bank and its customers' interest
  • Supports an effective risk culture, where there is an open, proactive, and constructive dialogue in the management of the relevant risk types
  • Enable the team and management to monitor the effectiveness of the control environment and to take action to prevent, mitigate and remediate the relevant risk types.

COE Head:
Key Accountabilities and Responsibilities

Leadership and Stakeholder Management

  • Provide strong leadership (of others), by providing direction and displaying role model behaviors, inspiring others to work together to achieve the strategic vision
  • Build effective working relationships with key stakeholders and information flows across the business units, risk functions and the various entities
  • Advise leadership on emerging global thirdparty risk trends and advise accordingly
  • Created and manage performance development (PD) plans and participate in the yearend feedback process
  • Input into compensation structures, objectives, and performance management of employees where appropriate.
  • Support and lead the organization in improving thirdparty risk management through digitization, automation, standardization, and simplification
  • Deal with any escalations brought to their attention
Third-Party Risk Management and COE Governance

  • Be an advisor on risk decisions and escalate risk decisions to the relevant Head for attention
  • Be involved in the oversight deep dive and lessons learnt exercises for material risks, including the review, challenges, and tracking/escalation of findings.
  • Ensure that thirdparty processes, control requirements and governance frameworks that impact the relevant risk types are documented and understood by all members of the team.
  • Enable the creation and maintenance of a central communication portal (knowledge base) for the COE to ensure knowledge content is up to date and relevant
  • Define the SLA's that will speak to the target operating model
  • Assess and verify the level of compliance for the relevant risk frameworks and policies adapted
  • Maintain and review the funding of the COE's operations
Training and Communication

  • Provide a clear direction on the governance & reporting of the COE, as well a