Senior Manager: Risk

3 days 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

Accountable to the Head of Risk Group Functions for the risk management of Group function in South Africa. Key accountabilities include supporting the function Head of Risk by ensuring contributions towards functional strategies, operating model and control design. The key purpose of this role is to ensure that the risk profile and control environment is effectively managed in an integrated manner across the function within South Africa, this includes ensuring day to day management of all risks under the ERMF as it relates to the Function and taking the lead on the following function’s primary risks.

**Job Description**:
Accountability: Leadership and Stakeholder Management
- In collaboration with the head of risk, act as a trusted advisor to the function and support risk activities while ensuring you remain independent.
- Ensure implementation of an effective Operational Risk Management strategy within the function.
- Ensure proper delivery of Risk Management Requirements, capabilities and oversight across the Group Function value chain
- Provide support to the functions to manage their primary risks
- Build effective working relationships with key stakeholders and ensure information flows across the function and the risk team within the Group. Display role model behaviours, inspiring others to work together to achieve the strategic vision.
- In collaboration with the 1LoD, identify risks, draft reports on behalf of the function head of risk for presentation at the relevant risk committees or ExCo.
- Assist the 1LoD to determine appropriate Key Risk indicators (where necessary) while ensuring implementation of Group KRI for the relevant sub-risk types.
- Assist the function on execution of strategy by providing advice on risk/control and challenge decisions that pose risk to the organisation.
- Advise management on emerging global financial services operational risks / trends and facilitate proactive change ahead of threat materialising.
- Provide input into key 1st Line of Defence (1st LoD) governance and control combined assurance activities.
- Lead the function to improve risk management through ensuring digitization, automation, standardization and simplification of operating processes.
- Collaborate with Group Operational and Resilience Risk team on the management and implementation of the Operational and Resilience Risk Framework (ORRMF), Governance and Control environment requirements.
- Assist the function to implement an effective governance structure for all risks in the function in line with regulatory and Group policy requirements
- Ensure knowledge and compliance with Regulatory requirements for Non-Financial risks and with all other relevant laws and legislation pertaining to the Group Functions
- Ensure robust risk management activities that will contribute to a satisfactory control environment
- Leverage appropriate systems and controls including assurance methodology to identify, assess, measure, report, control and manage key risks. Ensure timely escalation of risk issues to enable effective mitigation
- Support the function to deliver on their combined assurance plan by providing guidance as appropriate. Influence behaviour to reduce risk and foster a strong risk management culture throughout the Group Functions
- Provide general risk awareness training, guidance and support on risk management practices

Accountability: Operational Risk Strategy
- In collaboration with the function Head of Risk contribute to the development of the function Risk Management strategy and participate in the function 1LoD governance, combined assurance and control meetings
- Support the first line to determine the overall Risk Appetite and risk strategy and propose the same for approval to the head of risk
- Monitor the function’s risk profile in liaison with the control and governance teams ensuring alignment with their approved strategy and ensure it is consistent with the overall approved Group Risk Appetite.
- Challenge completeness, relevance and management of risks associated with the execution of the Function strategy.
- Provide clear and constant feedback on progress and challenges within the Function ensuring that the Managing Executive is kept informed at all times of current events and issues on the horizon
- Provide clear and constant feedback on progress and challenges within the Function ensuring that the head of risk is kept informed at all times of current events and issues on the horizon

Accountability: Operational Risk Framework, Policies and Standards Oversight
- Assess the level of compliance for the relevant risk frameworks and policie


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