Senior Manager: Operational Risk

Senior Manager: Operational RiskRemote Type: HybridLocation: SandtonTime Type: Full timePosted On: YesterdayTime Left to Apply: End Date: November 24, 2024 (7 days left to apply)Job Requisition ID: R-15967474Empowering 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 SummaryAccountable 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 DescriptionAccountability: Leadership and Stakeholder ManagementIn 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 draft 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.Review and provide inputs into the function's non-risk policies and standards working with the subject matter experts in the function, as well as with Risk Oversight for the function.Accountability: Operational Risk StrategyIn 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.Accountability: Operational Risk Framework, Policies and Standards OversightAssess the level of compliance for the relevant risk frameworks and policies.Remain abreast of the Operational Risk and Resilience framework, policies, standards, procedures, and relevant legislation/regulations.Assure that the functions Standards and policies are implemented through Conformance Reviews.Facilitate the refresh or development of Function-related policies and standards.Track and monitor training within the Function related to Operational Risk and Resilience framework, policies, and standards.Accountability: Operational Risk Management OversightEstablish a supporting process to embed monthly monitoring and reporting requirements for all elements of the Operational Risk and Resilience Management Framework.Maintain and promote a culture of "Lessons Learned (including Root Cause Analysis) sharing knowledge across businesses and geographies. Educate businesses and facilitate appropriate proactive remediation of identified vulnerabilities.This process must take account of the information/reporting requirements of the Central Operational Risk Team and must facilitate timely report preparation.Accountability: Risk ReportingAggregate the function risk profile taking into account all the relevant risk types managed in the function, indicating the levels of adherence to appetite.Validate data and information in relevant reports provided by the first line of defense, as appropriate.Prepare appropriate current and forecast Operational Risk profile reporting as required by the Group Operational and Resilience Risk team as well as other governance requirements.Ensure conformance reports are complete and accurate and encompass all issues identified from conformance review activities.EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and ManagementMinimum Requirements8 – 10 yrs. Experience in managing Operational Risk in a Financial Services InstitutionEducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.Absa Bank Limited reserves the right not to make an appointment to the post as advertised.About UsTruly AfricanWe are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.Absa Group Limited is listed on the JSE and is one of Africa's largest diversified financial services groups with a presence in 12 countries across the continent and around 41,000 employees.We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda, and Zambia. We also have offices in China, Namibia, Nigeria, the United Kingdom and the United States of America, a Technology Hub in Prague, and insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
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