Operational Risk Manager: Risk Identification and

3 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

Develop and maintain a suite of fit-for-purpose operational Risk Policies and Standards.

Implement effective supporting infrastructure that allows Business Areas to embed operational risk

management practices

Govern and conformance review Business Area compliance to said policies and standards.

**Job Description**:
Operation Risk Policies and Standards Development
- Formulate and manage a selection of operational risk management policies and standards taking into consideration relevant research and trends
- Improve the efficiency and compliance levels of policies and standards to new/amended market, business or regulatory requirements

Implementation management
- Assess, within own mandate, requests for dispensations and waivers and provide Head: ORM with a recommendation for those above own mandate.
- Monitor and report on policy & standard implementation status, concerns and challenges, escalating material issues identified indicating the level of severity and associated risks
- Drive policy & standard governance committees and forums and provide challenge, thought leadership and direction.

Assurance
- Contribute to combined assurance planning across the 3LOD in relation to own policy & standard conformance
- Undertake assessments of BA conformance to policy & standard requirements once implemented and embedded in line with combined assurance plans

Training and awareness
- Prepare training material, for those policies & standards under remit, and provide for consumption into the digitized training platform
- Act as advisor, for the policies & standards under remit, to business units providing information on matters related to interpretation or implementation.
- Establish and maintain a coherent operating rhythm across the value chain (i.e. intra-risk, across Absa Group Limited and 3rd parties) in support of the functional objectives.

Reporting and analysis
- Request, review, consolidate and analyse BA reporting relating to outputs from framework element implementation and assist the Head: ORM to provide concise executive level reporting.
- Compile the portfolio reports in conformance to the applicable principles of Risk Data Aggregation and Risk Reporting.
- Challenge BU reports with the observed material data quality issues.

Operational Risk Management System
- From a Methodology perspective, participate and implement changes in the development of system requirements

Operational Risk Reporting
- Validate data and information in relevant reports provided by first line of defence, as appropriate
- Provide independent challenge on, and insight, interpretation and analytics from relevant reports to senior management
- Prepare appropriate current and forecast Operational Risk profile reporting for the business unit/product under review, as agreed.

Stakeholder Communication and Liaison
- Establish and maintain a coherent operating rhythm across the value chain (i.e. intra-risk, across
- AGL and 3rd parties) in support of the functional objectives
- Enable delivery of the update to the Risk Leadership with operational performance metrics,
- project implementation statuses and key matters arising; escalating material issues identified
- indicating the level of severity and associated risks
- Where applicable engage vendors to address current and future needs in addition to
- delivery/performance metrics
- Participate in key risk management committees, in conjunction with the Principal Risk Officers
- across the Group representing the portfolio

People and Organisation
- Direct resources in the most effective and efficient manner to execute the Function’s Plan, including:

- Enabling delivery of a supporting Risk Culture to deliver performance consistent with the Group’s Purpose and Values
- Direct involvement in all appointments and setting competencies for the roles
- Defining personal scorecard objectives and measures for employees that align to the Function’s Plan and Absa Scorecard.
- Input to enable the design of remuneration structures that are appropriately aligned with Group’s Purpose, Culture and Policies
- Directing performance objectives and remuneration structures for senior management designed to achieve a balance between risk, individual reward and the long term objectives of the Group
- Input to, coordination and support of the performance management process of employees.
- Management of an Operational Budget that supports delivery of the appropriate capabilities in pursuit of the Function’s Plan
- Assistance with the coordination and management of change programs geared towards Operational Risk or, on behalf of the Group Risk Exc

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