Operational Risk Consultant

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


Ensure that all activities and duties are carried out in full conformance to the Enterprise Risk Management Framework (ERMF), Operational and Resilience Risk Framework (ORRMF), as well as related internal Absa policies and standards.


The primary function of the role is to provide second line of defence oversight to business first line of defence through the effective management of Risk Profile, Control Environment, Risk and Control Self-Assessment, Key Indicators, Risk Appetites, Risk Events, Incidents, and Issue Management.

The job holder will participate in AVAF governance forums and business areas key risk management engagements.

Provide independent and objective end-to-end Operational and Resilience Risk oversight

Job Description:

  • Accountability: Operational Risk Framework and Policy Oversight
  • Providing business with appropriate direction and guidance on the implementation and embedment of the Operational Risk Framework. Ensure that through rigorous and effective facilitation of the Risk and Control Assessment process, that the risk profile and control environment including business inherent and residual risk are effectively managed
  • Provide relevant guidance, and training to the businesses on the implementation and maintenance of the Operational Risk framework components (including RCSAs, KRIs, Events, Strategic Risk Assessments, and Key Risk Scenarios etc.) and capital drivers
  • Assess the level of compliance of business for the relevant risk frameworks and policies
  • Keep up to date and remain relevant with the Operational Risk framework, policies, standards, procedures, and relevant legislation/regulations
  • The above will be achieved through:
  • Planning
  • Participate in an advisory capacity to support the scoping and definition of related Operational Risk deliverables and plans, ensuring that these are aligned to the central Operational Risk calendar
  • Assess, challenge, and monitor the current and forward looking exposure (financial and nonfinancial) to Operational Risk i.e., considering all framework elements, strategic planning, business expansions and other major change programmes including NPA.
  • Assist business in the identification of risk
- identify and assess the relevance and performance of KRIs and thresholds

  • Rigorous analysis and management of Risk Control Self-Assess process
  • Check and challenge the endtoend Operational Risk Profile and Control Environment of the business unit/product/function, including emerging risks, strategic changes to be proactive in risk management processes.
  • Collaborate with the first line of defence to provide guidance on issue/action documentation, tracking, escalation, and remediation
  • Provide oversight on deep dives, root cause analysis, lessons learnt exercises for material risks, including the review, challenge, and tracking/escalation of findings.
  • Review major remediation plans for adequacy, completeness, and progress
  • Oversee monthly loss event reconciliations and related attestations to ensure that all (above threshold) risk events and losses have been captured on the Operational Risk Management System
  • Liaise with Group Operational Risk teams to ensure support an alignment with policies and standards
  • Monitoring of Control Environment
  • Annual review of Risk Control Self-Assessment and Critical Process Assessment or as and when there is material change to the control environment
  • Review the risk and controls prescribed by the Key Risk Owners into RCAs
  • Assess the relevance and performance of KRIs and thresholds
  • Monitoring of Key Risk Indicators and impact to the risk profile and control environment
  • Governance to manage the operational risk control framework
  • Actively participate in risk governance forums established in line with Group Operational Risk governance
  • Oversee the effective oversight and management of key risks in line with the ERM framework and Operational Risk framework elements.
  • Facilitation of the effective management by the Business area of observations and findings raised different assurance providers
  • Monitor, review and challenge Business Unit risk profile against approved risk appetite
  • Review and challenge 1st LoD on design and implementation of Business Unit level controls
  • Ensure Business Unit capabilities are met (in consultation with SRTOs)
  • Facilitation of the effective remedial management of issues, overdue items, and ineffective controls
  • The management of the operational risk orientation in business in order to establish appropriate business ownership
  • Operational Risk Management Systems reporting
  • Provide oversight to ensure that

  • Associate Risk Consultant

    2 weeks ago

    Johannesburg, Gauteng, South Africa Marsh Full time

    Associate Risk Consultant - Marsh JohannesburgWe currently have a fantastic opportunity for an Associate Risk Consultant to join our Enterprise Risk Management team based in Johannesburg, South AfricaThe company: MarshMarsh is the world's leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves...

  • Senior Risk Consultant

    2 weeks ago

    Johannesburg, Gauteng, South Africa Aon Corporation Full time

    Posting Description:Senior Risk ConsultantDo you know how to build effective relationships with clients? Are you prepared to travel locally and internationally? We are hiringAon South Africa is hiring a Senior Risk Consultant/Portfolio Manager to join our Property Risk Control and Engineering Practice department, located at our Head Office in Sandton based...

  • IT Governance, Risk and Compliance Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa National Risk Managers Full time

    A Medical Insurance Company based in Benoni, Gauteng is looking for a IT Governance, Risk and Compliance Specialist who will assist in the development and implementation of IT Governance frameworks and IT controls following appropriate methodology approved by management that is aligned with international and financial industry standards (e. g, GOI standards...

  • Operational Risk Officer

    2 weeks ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Requisition Number and Contact details REQ # Talent Acquisition Consultant Ezekiel Dube Location Sandton Closing Date 20 March Job Family Risk, Audit and Compliance Career Stream Operational Risk Leadership Pipeline Manage Self: TechnicalJob Purpose To monitor the implementation of the Operational Risk Management Framework in Nedbank and its subsidiaries to...

  • Senior Risk Consultant

    5 minutes ago

    Johannesburg, Gauteng, South Africa Marsh Full time

    Marsh is the world's leading insurance broker and risk adviser. With more than 45,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the leading global professional services firm in the areas of risk,...

  • Risk Consultant – Sandton

    2 weeks ago

    Johannesburg, Gauteng, South Africa Marsh McLennan Companies Full time

    Description: Risk Consultant – Sandton - Johannesburg Marsh Property Risk Consulting has a fantastic opportunity for a Risk Consultant to join our team in the Johannesburg office. The position offers an exciting challenge and career opportunity for someone with an Industrial/Mechanical or Chemical Engineering Degree and a background within some...

  • Risk Consultant – Sandton

    2 weeks ago

    Johannesburg, Gauteng, South Africa Marsh Full time

    Risk Consultant – Sandton - JohannesburgMarsh Property Risk Consulting has a fantastic opportunity for a Risk Consultant to join our team in the Johannesburg office.The position offers an exciting challenge and career opportunity for someone with an Industrial/Mechanical or Chemical Engineering Degree and a background within some sort of Health &...

  • Risk Consultant – Sandton

    4 weeks ago

    Johannesburg, Gauteng, South Africa Marsh Full time

    Risk Consultant – Sandton - JohannesburgMarsh Property Risk Consulting has a fantastic opportunity for a Risk Consultant to join our team in the Johannesburg office.The position offers an exciting challenge and career opportunity for someone with an Industrial/Mechanical or Chemical Engineering Degree and a background within some sort of Health &...

  • Fraud Risk Consultant

    2 weeks ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Requisition Details & Talent Acquisition Contact REQ Tshego SemenyaCluster Group RiskCareer Stream ForensicsLeadership Pipeline Manage Self: ProfessionalJob Purpose To reduce the impact of fraud by assessing control adequacy and efficacy of the current and future operational environment and recommend mitigates across Nedbank groupPosition Fraud Risk...

  • Process and Operational Risk Manager

    2 weeks ago

    Johannesburg, Gauteng, South Africa FirstRand Full time

    About us, purpose, experience and qualificationsabout us:- make a promise- be deeply invested- value our differences- build trust, not territory- have courage- always do the right thingpurpose: To be accountable for monitoring, analyzing, interpreting and ensuring compliance with various Bank policies; To develop and implement a Risk Strategy for adoption by...

  • Risk Management Consultant

    2 weeks ago

    Johannesburg, Gauteng, South Africa WTW Full time

    The RoleRisk management consultants can work in a general capacity or may specialize in a specific area. Their activities may include underwriting surveys, risk audits and risk advisory services. Activities undertaken by Risk Management Consultants cover a range of manufacturing, commercial, distribution and leisure businesses of varying size. Survey...

  • Operations Consultant

    2 weeks ago

    Johannesburg, Gauteng, South Africa PPS Recruitment Full time

    Job Advert Summary: The consultant will provide service and assistance to the Intermediary Services across the Life Operations business units. The purpose of the role is to create a client experience that feels convenient, effortless and personal. It must feel bespoke to the client. Will work in shifts that will be rotated amongst the team weekly. To work...

  • Operational Risk Manager

    2 weeks ago

    Johannesburg, Gauteng, South Africa Logic 360 Group Full time

    The Operational Risk Manager supports achievement of the organisation's strategy by assisting the business in the development and implementation of "fit for purpose" enterprise risk management frameworks which are aligned to business processes and the Agile methodology. Being responsible for Operational Risk across the group (Consumer and Merchant segments)...

  • Operational Risk Head

    2 weeks ago

    Johannesburg, Gauteng, South Africa FirstRand Full time

    Job DescriptionTo implement, align and maintain RMBs Operational Risk Framework in order to ensure the bank is protected from operational risks that could interfere with the achievement of business goals and objectivesTo guide the efficient and effective governance of operational risk and related opportunities across the business, ensuring that the...

  • Operational Risk Manager

    2 weeks ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Job Purpose To develop and monitor the implementation of the Operational Risk Management Framework in Nedbank and its subsidiaries to comply to regulatory requirements and ensure alignment to international best practice.Responsibilities: Deliver on the Group Operational Risk Management (GORM) strategies and annual business plans aligned to regulatory...

  • Operational Risk Manager

    2 weeks ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Job Purpose To develop and monitor the implementation of the Operational Risk Management Framework in Nedbank and its subsidiaries to comply to regulatory requirements and ensure alignment to international best practice.Responsibilities: Deliver on the Group Operational Risk Management (GORM) strategies and annual business plans aligned to regulatory...

  • Operational Risk Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa FirstRand Full time

    About us, purpose, experience and qualificationsabout us:- make a promise- be deeply invested- value our differences- build trust, not territory- have courage- always do the right thingpurpose: To conduct comprehensive identification of all key operational risks in allocated Business units and provide guidance on mitigation to ensure compliance that align to...

  • Operational Risk Manager: Risk Identification and

    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 SummaryDevelop and...

  • Operational Risk Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Bidvest Bank Full time

    Primary PurposeTo facilitate and monitor the effective operational risk throughout the organizationMinimum RequirementsQualifications: B Com Degree (majoring in Risk management/ Auditing and/or Accounting)Experience 3 years' experience in risk management 3 years' experience in banking industry (general understanding and awareness of functioning of key...

  • Operational Risk Manager

    2 weeks ago

    Johannesburg, Gauteng, South Africa PRR Recruitment Services Full time

    Looking for a Operational Risk Manager in RosebankQualification and Experience:BCom/BSC Degree in Risk Management, Economics or related disciplines; LLB or alternatively arelevant Risk QualificationThe ability to identify risks in business processes, products, services and/or systems. Having worked with risk tools such as Exclaim, or equivalents will be...