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Risk Assurance Specialist

4 months 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

Delivery of proactive end to end risk/controls assurance services for Insurance group and support areas e.g. Non Banking Financial Services), in line with the combined assurance agenda in the business and in line with the Absa assurance standard.

The role includes risk/issue prevention, risk/issue identification, risk/issue remediation & tracking and risk/issue escalation & reporting.

**Job Description**:
Accountability: Combined assurance: - Supports the Senior Risk Assurance Manager in planning and coordinating reviews that form part of the Combined Assurance Plan. o Facilitation of business interaction throughout assurance engagements. o Issue resolution during assurance engagement. o Co-ordination of post engagement and reporting, including tracking of assurance remediation to completion, and ensuring post remediation closure of issues, and closure pack submission, where applicable. Accountability: Execution of assurance testing. - Supplement assurance activity performed by external assurance providers with internal assurance activity in collaboration with the Risk Assurance Manager in the Insurance Group, in line with the Absa assurance standard. - This includes engagement planning, design testing and operational effectiveness testing and assigning of appropriate remedial action. - Perform or facilitate deep dives and root cause analysis testing where required. Accountability: Influencing assurance agenda - In collaboration with the Insurance Head of control function and Risk Assurance Manager, complete the CPA risk identification process to drive combined assurance focus areas on a continuous basis. Accountability: Other - Support business management in the identification and effective management of risks to which the business may be exposed, ensuring that an effective control environment exists which is actively managed across all areas of responsibility with a view to reducing operational losses and improving business effectiveness. - The role includes risk/issue prevention, risk/issue identification, risk/issue remediation & tracking and risk/issue escalation & reporting. - Supports functional teams to implement the portfolio risk strategy, risk and control assessments (CPA), and the management of key risk indicators - Responsible for regular reporting on assurance activities, both periodic, but also for specific engagements.

Education

Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_