Senior Manager: Operational Risk Enablement - Sandton, South Africa - Absa Bank Limited

Absa Bank Limited
Absa Bank Limited
Verified Company
Sandton, South Africa

1 week ago

Thabo Mthembu

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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


The incumbent will be a member of the Relationship Banking (RB) Operational and Resilience Risk team and will be required to work closely with both the Group Operational Risk team and First line of defense teams, embedded within the business.

The incumbent will also be responsible to help determine the overarching Operational and Resilience Risk strategy and for providing risk oversight of RB BU areas/portfolios in line with the Operational and Resilience Risk Management Framework (ORRMF) and Enterprise Risk Management Framework (ERMF).

This role is directly accountable to the RB Head of Operational Risk Enablement, Governance and Reporting to ensure effective support and delivery of the overall RB ORR strategy.

This involves operational risk management in an area where innovation is top of mind and where traditional operational risk management techniques will be balanced with the need to find creative solutions for the benefit of RB Stakeholders.

To elevate the impact of Operational and Resilience Risk within RB, the incumbent will be accountable for the delivery of:

  • Risk measurement, monitoring, assessment, and analytics of the portfolio.
  • Enable management to monitor the effectiveness of the control environment and act towards mitigation of operational risk where required.
  • Supporting RB business units by providing independent and objective endtoend Operational Risk oversight in line with the Enterprise Risk Management Framework (ERMF) and ORRMF, together with its various supporting policies and standards.
  • Overseeing the aggregation, implementation, monitoring and maintaining of core risk management and assurance processes across business units within RB.
  • Supporting an effective risk culture, where there is an open, proactive, and constructive dialogue relating to Operational Risk.
  • Reporting, including portfolio and Business Unit (BU) insights and ensuring capability directed appropriately in support of internal and external reporting requirements.

Job Description:


Accountability:
Op
erational Risk Framework and Policy Oversight & ownership (at BU level)

  • Providing clear direction to the RB business units on the Operational and Resilience Risk role, strategic plan and key focus areas.
  • Provide relevant coaching, guidance and training to the businesses on the implementation and maintenance of the Operational and Resilience Risk framework components (including but not limited to, Risk and Control Self-Assessment, Risk indicators, Events, Strategic Risk Assessments, and Key Risk Scenarios).
  • Assess the level of compliance of business for the relevant risk frameworks and policies.
  • Keep up to date and remain relevant with the Operational and Resilience Risk framework, policies, standards, procedures and relevant legislation/regulations.
  • Drive an appropriate analytics capability across all framework elements, i.e., risk events and issue management, to enable proactive analysis and insights of the risk profile, to adequately evaluate, respond and monitor.
  • Manage Scenario analysis and capital processes for RB in conjunction with Group ORR.
  • Act as the specialist in RB business for all elements of the Operational and Resilience Risk framework, including the ownership of related initiatives and support.
  • Ensure that RB Risk Management systems and tools are used, and that data is accurate, of good quality and current.

Accountability:
Strategy Development & Formulation

  • Provide input into the 2nd line strategy for managing operational risk across RB
  • Second line monitoring, checking and challenging first line in the setting and execution of the Operational Risk strategy, leveraging off 1st line Governance and Control resources in each business area for execution, where applicable.
  • Provide thought leadership and drive consistency in the second line approach to Operational risk across RB.
  • Ensure that each business areas has measures in place to monitor and manage all of the ORRMF sub risk type profiles.
  • Drive the development and implementation of standards, where applicable.
  • Risk appetite setting, in conjunction with Group counterparts and drive the cascade into RB. Monitoring adherence against Risk appetite statements (RAS) and/or tolerance levels, with the use of appropriate key risk indicators
  • Drive the embedment of the Group ORRMF, promoting the integration of operational risk considerations, into all risk reward decisions and general business management.
  • Actively play a senior role in the Management Committees of the product/service area assigned to, as well as in the Operational risk 2nd line Manco.

Accountability:
Op
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