Specialist Risk: Operational Risk Manager
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Remote Type: Hybrid
Location: Johannesburg
Time Type: Full Time
Posted On: Posted Yesterday
Time Left to Apply: End Date: October 17, 2024 (4 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.
Conduct ongoing review of the performance of the Operational Risk Management Framework, providing check and challenge to ensure that all risks have been considered and appropriately addressed.
Support the Operational Risk Manager with ongoing analysis, review, and oversight of Risk and Control Self-Assessments, Risk Event Management, Key Indicators, Key Risk Scenarios, and Lessons Learnt.
Perform ongoing data quality checks and validations on all components of the Operational Risk Management Framework.
Display professional behaviour whilst ensuring appropriate check and challenge with the respective Business area, raising and discussing contentious observations with the Op Risk Manager.
Oversee and perform deep dive and lessons learnt exercises for material risks.
Operational Risk policy and standard conformance testing.
Monitor and track the effectiveness of the control environment and take action to mitigate operational risk where required.
Use the Op Risk framework to facilitate the identification of all possible risks and ensure corrective controls are implemented.
Accountability: Support the Operational Risk Manager: Policy & Framework
Provide support on automation of the ERMF & ORMF in the approved operational risk management system.
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.
Accountability: Data Management
Prepare monthly data extracts to support the Operational Risk manager.
Apply appropriate data quality checks on this data and prepare reports on data quality issues.
Ensure timely capturing of risk management issues on the ORMS.
Review and check data captured on ORMS.
Support the Operational Risk Manager with periodic reporting requirements.
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 on associated risks.
Qualifications
At least 1 to 2 years in a managerial position.
A minimum of 7 years of experience is required.
Bachelor's Degree in Business, Commerce, Management Studies, or Risk Management.
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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