Risk and Assurance Specialist

3 days ago

Randburg, Gauteng, South Africa Absa Group Limited Full time

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

• To drive and execute on the agreed Savings and Investments (S & I) Combined Assurance coverage plan. Assist in the improvement of the control environment in line with the Risk and Control Self-Assessment (RCSA) Policy, Assurance Standard and Critical Process Assessment (CPA) Standard.

• To provide specialist risk assurance, advice and support in area of specialization enabling the effective implementation of risk assurance activities.

• Manage Third Party Relationship.

Job Description

Accountability: Planning Assurance Reviews

  • Develop the Assurance Plan through consultation with the respective Savings and Investments management team and various assurance providers across the three lines of defence.
  • Plan the delivery of assigned assurances to a high quality and in line with Assurance Standard.
  • Prepare announcement and scoping memos with key deliverables in terms of assurance timelines.
  • Conduct walkthroughs to understand the area under review and risks inherent in the processes.
  • Develop an in-depth knowledge of the business and use this knowledge to identify and assess risks and controls.
  • Design and ensure the execution of approved sampling techniques, testing strategies on assurance reviews.
  • Reviewing and testing Issue Closure packs and Milestone Conversion Packs before they are submitted to the Combined Assurance Provider.

Accountability: Reporting

  • Anticipate potential barriers, issues, and management concerns and create action plans and recommendations to address these concerns in a timeous manner.
  • Draft high-quality reports with observations that are insightful, addressing the root cause, and have agreed actions that mitigate the risk and facilitate the remediation of issues until closure.
  • Report on risks and apply recommendations for corrective and preventative action, whilst identifying opportunities to reduce risks.
  • Evaluate, analyse, prepare, submit and present required reports to various committees and governance structures to present progress and influence decision-making.
  • Maintain effective processes and procedures and maintain data integrity to support Everyday Banking risk efforts.
  • Capture the findings on Operational Risk Management System (ORMS) in a timely manner.
  • Maintain a record of all issues reported by Combined Assurance Providers.

Stakeholder management

  • Establish and maintain strong partnerships and relationships with key stakeholders through collaboration, consensus building and interpersonal effectiveness.
  • Communicate assurance and combined assurance plans and progress to foster alignment and understanding across Everyday Banking.
  • Collaborate, integrate and drive conversations with internal and external stakeholders (i.e. Internal & External Audit, 1LOD and 2LOD) to ensure that assurance services offered are aligned with the plan, relevant, timely, of appropriate quality and contribute to effective risk management.
  • Manage Third Party relationships and coordinate governance meetings to monitor performance in accordance with the contractual agreement.

Education
Bachelor`s Degrees and Advanced Diplomas: Risk Management (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.

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