• Job Description

  Req#: R-15960701

  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.

  My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

  Job Summary

  The job purpose is as follows:
  • To support business management in the identification and effective
  management of risks to which their Business/Function may be exposed,
  ensuring that an effective control environment exists and is actively
  managed, in order to reduce operational losses and improve Business
  operating effectiveness.
  • To support the Operational Risk Manager implement, embed and maintain
  all aspects of the Operational Risk Management Framework which aims to
  achieve the objective set out above.

  Job Description

  Analysis & Reporting

  • Deliver, within the SLOD responsibilities in the Operational Risk Management team, in the implementation of the ORMF.

  • Ensure prompt and accurate escalation and reporting of risk events by the Business and provide post-incident review and challenge, analysing root causes and ensuring learning points are identified and addressed, including conformance review on risk events in line with SLOD responsibilities.

  • Monitor the progress of risk and control remediation action plans (eg. Arising from risk events, issues management, assurance, etc), seeking updates on actions and escalating issues as necessary

  • Produce timely and accurate monthly (and ad hoc) reports to ABML/ARO Operational Risk team and other stakeholders

  • Using risk data from a variety of systems (Connected Risk or equivalent, etc) or offline database to format and produce regular and ad-hoc standard and non-standard reports

  • Consolidation of operational risk MI received from business functions (eg. operational stability metrics, KIs) to produce detailed and summary reports as required.

  • Respond to MI-related queries (eg. from Group Operational Risk), liaising with business functions as necessary to resolve

  • Proactively identify and recommend improvements to MI reports

  • Escalate any unresolved concerns directly to Head of Operational Risk

  Data & Systems Quality Management

  • Identification of gaps in MI accuracy and completeness and creation and management of solutions through to completion

  • Maintenance of any local operational risk databases, etc.

  • Maintenance of core documentation and standards, ensuring the current versions are accessible at all times.

  • Facilitate set-up/removal of users on Connected Risk or any new ORMS and changes to user profiles.

  • Record Management Champion to the Operational Risk Management team

  Role/Person Specification

  Preferred Experience:

  • Proven experience gained in a bank and/or a similar financial institution

  • A practical knowledge and understanding of risks, controls, risk management tools and methodologies

  • A good understanding of the main operational processes within the Businesses and a good understanding of the procedures and control framework relating to those areas

  • Experience of working in a multinational, multi-segment, environment with matrix reporting.

  • Awareness of cultural differences and varying legal/regulatory environments.

  • A detailed understanding of risk principles, processes and techniques and their practical application.

  • Evidence of working in a Service Delivery/Relationship Management Role. Knowledge of relevant regulatory frameworks and legislation eg. Basel II, Sarbanes Oxley, COSO

  • Degree with minimum 2 years relevant experience or equivalent of 5 years bank related experience MS Access skills

  Knowledge & Skills:

  • Ability to analyse MI and provide reports capable of identifying key areas of concern.

  • Good written and verbal communication skills Interpersonal skills

  Technical Competencies:

  • Risk management technical skills (eg. risk assessment, control design) Team working Quality & accuracy Time management, planning and organisation - ability to juggle priorities and execute at speed individually and as part of a team.

  Behavioural Competencies:

  • We align individual behaviour to our Values to ensure that everything we do and say, how we work together and the choices and decisions we make all consistently reinforce the culture we aspire to.

  
  
  

  Education

  Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)

• About the company

  Absa Group Limited, and originally Amalgamated Banks of South Africa, is a South African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, as well a...

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