Operational Risk Enablement Specialist
4 weeks ago
This role involves ensuring the effective implementation of Operational and Resilience Risk Management (ORRM) policies and standards within the Business Unit.
- The successful candidate will contribute to establishing and maintaining an integrated risk management framework, identifying and managing risks in line with the Enterprise Risk Management Framework (ERMF) and the Operational and Resilience Risk Framework (ORRMF).
- Responsibilities include providing ORRM support to stakeholders in Everyday Banking, reporting and monitoring risks, and ensuring data quality and accuracy of reporting.
The incumbent will be responsible for:
- Implementing Absa Group ERMF and ORRMF policies and standards, embedding effective ORRM practices within the Business Unit.
- Conducting conformance reviews against frameworks, policies, and standards, evaluating data quality on risk management tools and systems, and recommending remediation where weaknesses are identified.
- Sourcing and interpreting data for compiling risk committee packs, supporting senior management in understanding key concerns impacting Everyday Banking.
- Driving the implementation of appropriate standards for continuous monitoring of the EB risk and control profile, engaging business stakeholders, and tracking remediation of weaknesses and control gaps identified.
To be considered for this role, applicants should have:
- A Bachelor's degree in a relevant field (NQF level 7 or higher), preferably in Business, Commerce, and Management Studies.
- At least 3 years of experience in a Financial Institution, with 7 years in an Operational Risk Environment.
- Knowledge of the risk environment and risk management principles, as well as an understanding of financial organisation operations.
The ideal candidate should possess strong competencies in decision-making, persuasion, presentation, data analysis, planning, and learning.
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