Specialist Risk: Operational Risk Manager Remote type: Hybrid
Locations: Johannesburg
Time type: Full time
Posted on: Posted Yesterday
Time left to apply: End Date: October 17, 2024 (3 days left to apply)
Job requisition id: R-15968507
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 Provide specialist advice and support in the embedment of operational risk management and associated processes, methods and techniques in order to deliver on approved operational plans in an effective and efficient manner across Everyday Banking and assist the Operational Risk Manager, in the development and maintenance of the Absa Operational Risk and Resilience Management Framework by delivering integrated qualitative and quantitative analytics.
The scope of the role covers all risk management and measurement methods which apply to the relevant Operational Risk approach.
Job Description Accountability: Risk Management Understand and apply the relevant risk and governance procedures to activities undertaken and ensure that the relevant risk management processes, control environment requirements and risk management frameworks that impact the area are documented and understood and also captured on ORMS (as applicable).
Conduct on-going review of the performance of the Operational Risk Management Framework. This requires providing check and challenge to ensure that all risks have been considered and appropriately addressed within the specific business area being supported.
Support the Operational Risk Manager with on-going analysis, review and oversight of Risk and Control Self-Assessments, Risk Event Management, Key Indicators, Key Risk Scenarios and Lessons Learnt.
Perform on-going data quality checks and validations on all components of the Operational Risk Management Framework, extracting data from ORMS, including performing independent validation checks on the data captured on ORMS.
Display professional behaviour whilst ensuring the appropriate check and challenge with the respective Business area the Op Risk Manager supports.
Oversee and perform (where appropriate) deep dive and lessons learnt exercises for material risks, including the review, challenge and tracking / escalation of findings.
Operational Risk policy and standard conformance testing.
Monitor and track the effectiveness of the control environment (MCA, CPA, RCSA, Risk profile etc.) and to take action to further mitigate operational risk where required.
Use the Op Risk framework to facilitate the identification of all possible risk and ensure corrective controls are implemented by the relevant business area risk managers.
Accountability: Support the Operational Risk Manager: Policy & Framework Provide support on automation of the ERMF & ORMF in the approved operational risk management system as well as in resolving issues.
Drive the implementation and use of the ERMF & ORMF in the business.
Report on results analysis to the Operational Risk Manager.
Support development of operational risk techniques for the business area supported by the respective Operational Risk Manager.
Accountability: Data management Prepare monthly data extracts per framework component to support the Operational Risk manager.
Apply appropriate data quality checks on this data and prepare reports on an exception basis on data quality issues.
Ensure timely capturing of risk management issues on the ORMS by the relevant 1LOD business partner(s).
Review, check and challenge of data captured on ORMS.
Support the Operational Risk Manager: Reporting, with periodic reporting requirements (monthly, quarterly and annual).
Relationship Management Develop and maintain relationships with key 1st Line business risk partners.
Engage closely with stakeholders, identify the BU requirements, and encourage open discussion and interaction with business on the risks associated in their environment.
Qualifications At least 1 to 2 years in a managerial position, having risen through the ranks (e.g., Supervisor, Manager, Assistant Manager) but not necessarily at a Senior Manager level.
A minimum of 7 years of experience is required.
Bachelor's Degrees in Business, Commerce and Management Studies and Advanced Diplomas.
Bachelor's Degree in Risk Management and Financial Risk Management/Internal Audit.
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. About Us Truly African We 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, 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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