Senior Manager: Risk and Control - Sandton, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

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

To lead and manage the first line risk team in Relationship Banking Chief Operating Office (RB COO).

This involves developing a risk management plan and implementing it to ensure the business maintains a satisfactory control environment and risk culture assessment outcome.

Job Description:

This opportunity to manage the first line of risk management team is housed in the RB COO team.

The team supports the RB virtual channels team, KYC Centre of Excellence, Sales fulfillment team, the credit origination teams and 3 more smaller functions including the customer care team.

The role reports to the Head of RB Governance Risk and Control.

Key deliverables will be to:

Coordinate key activities to sustain as Satisfactory Control Environment. This involves coordinating activities of Principal Risk and related Sub Risks SME's to keep the risk profile within acceptable thresholds.
Managing the Critical process refresh exercise, driving issues management and risk event management.
Conducting Root Cause Analysis and Lessons learnt for material risk events/issues and monitor business remediation.
Running appropriate risk governance forum and report appropriately on risk outcomes.
Building and maintaining effective relationships with key stakeholders, which includes the first line of defence (1LOD) colleagues in business, Principal and Sub risk SME's, second line of risk partners in the Risk and Compliance functions and internal audit and other assurance providers.
Developing and monitoring KRI's to ensure monitoring of the key risks facing the business where these need to be supplemented.
Manage and lead the existing team to ensure the core risk deliverables are delivered and enable colleagues development journeys.
Drive any risk deliverables tat may be required to demonstrate that the business is embedding ORRMF, Conduct Risk and Fin Crime Risks and any elements from the Enterprise Risk Management Framework that impact this function.

Education

Bachelor's Degrees and Advanced Diplomas:
Business, Commerce and Management Studies (required)