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 Ensure that all activities and duties are carried out in full conformance to the Enterprise Risk Management Framework (ERMF), Operational and Resilience Risk Framework (ORRMF), as well as related internal Absa policies and standards. Effectively implement Absa Group ERMF and ORRMF policies and standards and embed effective Operational and Resilience Risk Management (ORRM) practices within the Business Unit (BU). Provide ORRM support to stakeholders in Everyday Banking (EB). Support the reporting and monitoring of risks and ensure the quality and completeness of risk reporting. Job Description To effectively implement Absa Group ERMF and ORRMF policies and standards and to embed effective Operational and Resilience Risk Management (ORRM) practices within the Business Unit (BU). Provide ORRM support to stakeholders in Everyday Banking (EB). Support the reporting and monitoring of risks and ensure the quality and completeness of risk reporting. Operational and Resilience Risk Framework, Policies and Standards Drive policy and standard governance in line with the ERMF and ORRMF.Engage with Group Risk teams to ensure proper implementation of ERMF, ORRMF and related policies and standards within the business.Support the business in the implementation and embedment of ERMF and ORRMF requirements.Monitor and report on framework, policy and standard implementation status, concerns, and challenges.Communicate changes to frameworks, policies and standards and provide guidance for implementation of updated requirements.Provide guidance for the implementation of framework, policy, and standard requirements. Training and Awareness Provide training for relevant frameworks, policies and standards.Act as advisor for ERMF and ORRMF policies and standards to business areas in EB.Ensure that good practice is identified and communicated widely.Ensure adequate stakeholder training for the Operational Risk Management System (ORMS) and other related risk systems. Reporting and Analysis Source/Supply and interpret the data for compiling the monthly and quarterly risk committee pack.Support the management reporting of all key concerns.Ensure the completeness, accuracy, and validity of reporting through monitoring of data quality.Drive the implementation of appropriate standards for continuous monitoring of the EB risk and control profile.Engage business stakeholders and maintain effective follow-up and tracking of the remediation of weaknesses and control gaps identified.Maintain and develop awareness of risk management issues. Conformance Reviews Execute conformance reviews against frameworks, policies, and standards.Perform comprehensive independent conformance testing.Evaluate the quality of data maintained on risk management tools and systems.Raise Dispensations, Waivers, Breaches (DWBs) or issues where non-conformances have been identified.Engage business stakeholders and maintain effective follow-up and tracking of the remediation of weaknesses and gaps identified.Report all material concerns as appropriate. Operational Risk Systems Support business in the maintenance of risk information on ORMS and PCM.Support the business with the resolution and escalation of issues relating to system usage. Functional Governance Support the Operational and Resilience Risk Team in governance-related matters. Education and Experience Required Relevant NQF level 7 - B degree3 years' experience in a Financial Institution7 years' experience in an Operational Risk Environment. Knowledge & Skills: (Maximum of 6) Knowledge of the risk environment and risk management principles.An understanding of the operations of a financial organisation.Keeping abreast of changes in industry. Competencies: (Maximum of 8 competencies) Deciding and initiating actionPersuading and influencingRelating and networkingPresenting and communicating informationAnalysing dataPlanning and organisingCoping with pressure and setbacksLearning and researching Education Bachelor`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.
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