Head: Risk Reporting and Risk Regulatory Advisory

2 weeks ago


Johannesburg, 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 manage the delivery of Enterprise Risk Reporting and general risk reporting objectives across Absa Group, and execute business processes within the Risk Chief Operating Officer function. Provide Risk Leadership with Risk Regulatory Advisory support to optimise efficiencies and mitigate risks.

This includes:

- Support the reporting to management of enterprise risks in a concise and meaningful manner,
- Managing the delivery of change initiatives relating to enterprise risk reporting and risk regulation advisory,
- Support framework design, preparation and maintenance of supporting policies and standards,
- Manage governance processes for relevant frameworks, policies and standards,
- Drive emerging risks processes and initiatives
- Drive risk regulatory advisory support for risk areas

**Job Description**:
Accountability: Enterprise Risk Reporting
- Support the creation and review of Enterprise Risk Reporting to Executives, Board committees and External disclosures
- Support the creation, collation and review of documents to internal and external stakeholders, including the Prudential Authority.
- Participate in the creation of value-add management information and risk reporting for executive business decision making
- Ensure alignment of reporting content across risk types in terms of risk reporting
- Ensure that risk reports are of a sufficient quality and high standard. All information/ data is presented as efficiently and effectively as possible. Results need to be accurately disclosed and restatements properly signposted.
- Consider risk information received from business units and translate into less complex executive summaries as needed.
- Ensure that the reporting process is efficient, and that duplication is avoided. Support report automation where possible to reduced manual processes.

Accountability: Emerging Risks
- Analysis the group’s risk profile to identify themes, potential concentrations and correlations between individual countries, lines of business and risk types which are then escalated to the appropriate committee
- Analyse the potential impact of the macro-environment on the group’s risk profile (e.g. economic, political, social, competitor, technological and regulatory) which are then escalated to the appropriate committee
- Highlight potential strategic and emerging risks for evaluation by the Emerging Risk Working Group
- Collaboratively engage with a wide range of stakeholder both in Risk and other areas to actively track emerging and developing risks.
- Consider internal and external influencing events, quantify the impact on the business and pro-actively find solutions. This is then communicated to the impacted teams and engagement on how best to address, monitor and report is determined.

Accountability: Risk Profile
- Support the team manager in the production of accurate, transparent and timely reporting to the Executive Risk Committee and the Board that compares the risk appetite set for the group and the businesses (by country, line of business, risk type and in aggregate where appropriate), against the actual risk profile of the firm under normal and stressed scenarios.
- Ensure group-level limits, thresholds, buffers and management action triggers are monitored and that breaches highlighted for response.
- Continuously look to improve the standards for reporting the group’s risk profile and risk data aggregation.
- Ensure effective controls are in place over the processes for reporting the group’s risk profile.
- Ensure that group reporting meets the requirements of the Risk Data Aggregation and Risk Reporting Policy and Standards.

Accountability: Operations management
- Continuously improve the operational environment in terms of procedure, policies, legislative and regulatory operations whilst maintaining the appropriate commercial/regulatory balance.
- Ensure the implementation and maintenance of a robust Service Level Management process including the formalised contracting of internal and external service level agreements, regular service reviews and remedial actions for poor service delivery.
- In the event of a crisis, assist the crisis coordinator and crisis teams. Facilitate post-mortem exercises and debriefing sessions to ensure the transfer of knowledge and experience within enterprise risk and assist in the prevention of recurrence.

Accountability: Risk Regulatory Advisory
- Stay abreast of knowledge and skills relevant to Risk with particular focus on best practices and share this knowledge with the relevant teams impacted or who would benefit.
- Research and consider potential impacts of regulator



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