Manager Governance Risk and Control Fc

5 months ago


Johannesburg, South Africa Absa Bank 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

Drive the strategic direction of the function and define and maintain a governance and risk management framework to effectively and proactively manage financial crime risk across Absa Group. In addition, the incumbent will manage the delivery of and provide support to his/her immediate team.

Job Description

Accountability: Business management
- Contribute to the formulation of the GRC function’s strategy and support the Head of GRC in delivering the strategy and all associated activities.
- Disseminate the strategic vision to team members ensuring that it integrates with their goals and priorities.
- Continuously identify areas for improved efficiency and value creation.

Accountability: Governance and oversight
- Establish in depth understanding of the enterprise risk management framework (ERMF) and Operational Risk and Resilience (ORR) framework and standards.
- Establish an in depth understanding of all associated policies, standards and frameworks to manage financial crime risk.
- Design and maintain a sound governance and risk framework ensuring that it is always relevant and responsive to the risks and threats that the Group as well as the jurisdictions in which Absa operates, is exposed to.
- Drive the implementation of the governance and risk framework across the Group including any socialisation and/or training required.
- Identify all material risks incurred by Business and Functions and ensure that every identified risk has effective management and escalated according to the governance structure.

Accountability: Key risk controls and processes
- Challenge risk assessments performed by Business and Functions, challenging any ratings using a combination of quantitative and qualitative data sources.
- Conduct risk assessments on key external risks/threats to determine the impact of anticipated or emerging risks on the Business and/or the Group.
- Using data analytics, identify risk trends and emerging risks. Furthermore, identify and assess for commonalities of risk drivers and/or control failures.
- Propose mitigating actions that Business and/or the Group can take to mitigate the risks identified including amendments that may be required to the Financial Crime ecosystem.
- Collaborate with data scientists to refine existing predictive models and create new ones.
- Continuously scan the external environment to identify key sources of industry information to enhance and build new predictive models.

Accountability: Scenario analysis and stress testing
- Implement stress testing models to evaluate the control environment's resilience against external risks and threats, assessing the Business/Group’s preparedness to address emerging challenges.
- Develop scenarios to improve the control environment’s resilience, helping the Business and/or Group prepare for anticipated risks and threats.
- Work closely with data scientists to enhance current stress testing models and develop new ones.

Accountability: Reporting
- Develop and present innovative and informative reports to facilitate the Crime Oversight Committee’s responsibility to identify measure, monitor and control the financial crime risk posture effectively and proactively.
- Prepare reports as required to relevant senior risk committees as depicted in the RMCP.
- Translate risk insights into an informative report that clearly articulates the identified risk/threat.

Accountability: Stakeholder Management
- Build relationships with key stakeholders across Financial Crime, Business and Functions to gain an understanding of risks, processes and controls within their respective environments and to be aware of any new strategies that could potentially affect the risk profile.
- Build relationships with Risk teams within the broader Group (in particular the Operational Risk and Resilience team) to be aware of changes to frameworks, standards and broader risks that impact the financial crime risk and governance framework e.g. fraud, cybercrime.

Accountability: People Management
- Develop a high performing team by embedding formal performance development and informal coaching. Encourage frequent knowledge sharing between team members.
- Determine and analyse development needs for the team and ensure that identified training requirements are budgeted for and executed.
- Ensure that the team meets all deliverables and performs on the expected level of competence.
- Perform conflict resolution and ad-hoc functions pertaining to team members as and when required.

Education

Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserve



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