Chief Risk Officer Cib Pan Africa

2 weeks ago


Sandton, 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

Accountable to the Absa Group Limited (AGL) Chief Risk Officer for the risk management of the CIB pan Africa business for Absa across all countries and international offices. The incumbent will support the Chief Executive Officer: Corporate and Investment Banking (CIB) for the risk management activities undertaken across CIB pan Africa and the International offices. This includes key participation in the respective Executive Committees including contributions towards functional and business strategy, operating model, business approach and people planning. The key purpose of this role is to ensure that the risk profile and performance is effectively managed in an integrated manner across the CIB business within and outside of South Africa, working in close co-ordination with the Country CRO’s, shared services and CIB business/product heads.

Job Description

Accountability: Risk Management
- Effectively challenge the Business Units on their strategy and risk shape/profile in the context of the macro-economic and regulatory environment and incorporating risk adjusted returns
- Determine the overall Risk Appetite and risk strategy and propose the same for approval to the respective committees
- Allocate and monitor the Enterprise-Wide Risk Profile in liaison with Business CEO’s and/or Country CEO’s, aligned with their approved strategy and ensure it is consistent with the overall approved Group Risk Appetite
- Manage and monitor the Enterprise-Wide Risk profile and ensure it is appropriate, well understood and controlled by all stakeholders
- Outline and implement an effective governance framework for all risks in line with regulatory requirements
- Fulfil all duties and responsibilities as defined in the King Report on Corporate Governance
- Ensure that risk management activities are robust, thorough and complete and that risk capabilities in each business are developed and commensurate with risks inherent and strategy/plans
- Establish appropriate systems and controls including assurance to identify, assess, measure, report, control and manage key risks.
- Ensure timely escalation of risk issues to enable effective mitigation
- Develop and maintain applicable standards and oversee risk and control in Critical Processes and Management Control Approach (MCA)
- Report to the Group Chief Risk Officer, and the Business Area Executive Committee (Business Area ExCo) and relevant committees, regulators and other stakeholders on the business area’s risk positions, adherence to Risk Appetite and control environment.
- Ensure the timely response and remediation of regulatory issues
- Implement Risk Measurement models and methodologies ensuring practices are in line with regulatory and accounting principles and standards

Accountability: Strategy Formulation and Execution
- Ensure an integrated and effective risk management framework is implemented and embedded in all the CIB business areas/countries
- Accountable for implementing efficient and effective governance of significant risks and related opportunities
- Align and collaborate at a strategic level with all other risk activities delivered in Absa
- Clear and constant feedback on progress and challenges within the business ensuring that the Chief Executive is kept informed at all times of current events and issues on the horizon

Accountability: People Management
- Build the capability and talent across the CIB risk function
- Provide clear direction on strategic goals, translating and prioritising them into business and performance measures
- Role model the Absa values and embed them through the function, enabling colleagues to operate and demonstrate the values at all times
- Review resource plans and ensure that resource allocation is in line with projected business plans and priorities
- Lead the CIB Risk function and build an environment to support talent management, development and mobility
- Build and deliver people plans that align to the respective business plans as well as the Absa Group Risk
- Function people plan. Ensure succession plans are in place for critical roles
- Drive and lead the diversity and inclusion (D&I) agenda across the function. Ensure all relevant D&I activity is conducted within the function and contribute to the Absa D&I strategy
- Ensure that the remuneration of the function is in line with industry benchmarking
- Leverage the Absa wide learning agenda to develop and grow the capabilities within the function

Accountability: Stakeholder Management
- Build and maintain effective relationships with Business/Functional Heads
- Ensure effective interaction with the CIB CEO an



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