Specialist: Risk

2 months ago

Sandton, 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 provide specialist advice and support in area of specialisation enabling the effective implementation of risk frameworks.

**Job Description**:
This position ensures that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Risk Management Framework and Internal ABSA Policies and Standards.

The Traded Market Risk Governance and Controls Team carries out the following:

- Performing duties of a First Line of Defense team which include:

- Evaluate the control Environment by understanding end to end processes; identifying inherent process risks; establishing Risk tolerance for process risks and identifying where controls are required
- Respond to the controls by ensuring they are appropriately designed, implemented and weaknesses are remediated
- Monitor and Test controls in accordance with the ABSA Assurance Standard
- Defining, maintaining and updating Frameworks, Policies and Standards applicable to Market Risk
- Attendance of GMCE, KRI, Operational Risk, TMRC and a number of Governance and Risk related meetings and identifying risk items and challenging in these meetings
- Facilitate Traded Market Risk specific Policy and Process Training
- Collation of Material Reporting Packs for SARB, Risk and other Group teams
- Data ownership - Ensuring the quality and accuracy of the data going downstream to other infrastructure areas
- Liaising with Audit (Internal and External) on reviews performed on TMR (information gathering and walkthrough of process and controls).

Accountability: Control environment:

- Understands and complies with all applicable governance, compliance and risk policies and procedures
- Fosters an atmosphere of compliance, ensures regulations are observed, and puts relevant processes in place for staff to escalate problems
- Accountable for implementation of Group’s risk control framework for area of responsibility. This includes but is not limited to oversight of the teams’ responsibility across:

- Sound understanding of the system and product flows, the risks associated with the breaches and root cause remediation
- Thoroughness, rigor and attention to detail regarding products, processes and controls
- Help the TMR team and stakeholders to understand material risks and issues
- Challenge existing processes and controls ensuring best practice across finance

Accountability: Technical knowledge:

- Recognized as an expert in their discipline.
- Continually delivering process improvement and challenging the status quo
- Champions best practice.
- The ability to appraise issues/situations quickly and to identify appropriate next steps

Accountability: Projects/Change
- Efficiency - looking for continuous improvement in the efficiency by which the desk carries out its work.
- Reporting - looking for continuous improvement in the reporting ability and performance of the desk
- Control - looking for continuous improvement in the ability of the desk to control the business

Skills Required:

- Energetic and proactive approach
- Strong product knowledge
- Robust control mentality
- Proven IT understanding
- Strong communication and influencing skills

Education and Experience Required
- B degree/similar qualification in a financial/related discipline with 2+ years’ relevant experience or CA(SA) with 2 years PQE experience
- Investment banking or Product Control/ Audit or Governance experience preferred

Competencies:

- Deciding and initiating action
- Learning and researching
- Entrepreneurial and commercial thinking
- Relating and networking
- Adapting and responding to change
- Persuading and influencing
- Creating and innovating

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_

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