Senior Manager: Operational Risk

1 month 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 Head of Absa Forensics and Physical Security for the Operational Risk Management of all the functional areas within AFS. Key accountabilities include supporting the functional Heads within AFS to manage Operational Risk by ensuring contributions towards functional strategies, operating models, and control design. The key purpose of this role is to ensure that the risk profile and control environment are effectively managed in an integrated manner across the function within the Group, 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 AFS and 2nd LoD Risk Oversight, act as a trusted advisor to the function and support risk activities.
- Ensure implementation of an effective Operational Risk Management strategy within the function.
- Ensure proper delivery of Risk Management Requirements, capabilities, and oversight across the various functional areas within AFS.
- Provide support to the functional areas within AFS 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 behaviors, inspiring others to work together to achieve the strategic vision.
- In collaboration with the 2nd LoD, identify risks, and Indraft reports on behalf of the function head of risk for presentation and or escalation at the relevant risk committee within AFS i.e. OpsCo and StratCo.
- In collaboration with the 2nd LoD, determine appropriate Key Risk indicators (where necessary) while ensuring implementation of Group KRI for the relevant sub-risk types.
- Assist the function with the execution of strategy by providing advice on risk/control issues and challenging decisions that pose risks to the organization.
- Advise management on emerging global financial services operational risks/trends and facilitate proactive change ahead of threat materializing.
- Manage 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 the Group Functions 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 Function.
- 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 behavior 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 the Function contribute to the development of the function Risk Management strategy and 1LoD governance, combined assurance responsibilities.
- Assist the Function, in collaboration with risk Oversight, to determine the overall Risk Appetite and risk strategy.
- Monitor the function’s risk profile in liaison with Risk Oversight ensuring alignment with their approved strategy and ensuring it is consistent with the overall approved Group Risk Appetite.
- Challenge completeness, relevance, and management of risks associated with the execution of the Function’s 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 Risk Oversight is kept informed at all times of current events and issues on the horizon

Accountability: Operational Risk Framework, Policies and Standards O

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