Specialist: Risk - Sandton, South Africa - Absa Bank Limited
Description
Bring your possibility to life Define your career with us- 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.
To provide specialist advice and support in area of specialisation enabling the effective implementation of risk frameworks.
Job Description:
This position ensures that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Risk Management Framework and Internal ABSA Policies and Standards.
- Performing duties of a First Line of Defense team which include:
- Evaluate the control Environment by understanding end to end processes; identifying inherent process risks; establishing Risk tolerance for process risks and identifying where controls are required
- Respond to the controls by ensuring they are appropriately designed, implemented and weaknesses are remediated
- Monitor and Test controls in accordance with the ABSA Assurance Standard
- Defining, maintaining and updating Frameworks, Policies and Standards applicable to Market Risk
- Attendance of GMCE, KRI, Operational Risk, TMRC and a number of Governance and Risk related meetings and identifying risk items and challenging in these meetings
- Facilitate Traded Market Risk specific Policy and Process Training
- Collation of Material Reporting Packs for SARB, Risk and other Group teams
- Data ownership
- Ensuring the quality and accuracy of the data going downstream to other infrastructure areas
- Liaising with Audit (Internal and External) on reviews performed on TMR (information gathering and walkthrough of process and controls).
Accountability:
Control environment:
- Understands and complies with all applicable governance, compliance and risk policies and procedures
- Fosters an atmosphere of compliance, ensures regulations are observed, and puts relevant processes in place for staff to escalate problems
- Accountable for implementation of Group's risk control framework for area of responsibility.
- Sound understanding of the system and product flows, the risks associated with the breaches and root cause remediation
- Thoroughness, rigor and attention to detail regarding products, processes and controls
- Help the TMR team and stakeholders to understand material risks and issues
- Challenge existing processes and controls ensuring best practice across finance
Accountability:
Technical knowledge:
- Recognized as an expert in their discipline.
- Continually delivering process improvement and challenging the status quo
- Champions best practice.
- The ability to appraise issues/situations quickly and to identify appropriate next steps
Accountability:
Projects/Change
- Efficiency looking for continuous improvement in the efficiency by which the desk carries out its work.
- Reporting looking for continuous improvement in the reporting ability and performance of the desk
- Control looking for continuous improvement in the ability of the desk to control the business
Skills Required:
- Energetic and proactive approach
- Strong product knowledge
- Robust control mentality
- Proven IT understanding
- Strong communication and influencing skills
- B degree/similar qualification in a financial/related discipline with 2+ years' relevant experience or CA(SA) with 2 years PQE experience
- Investment banking or Product Control/ Audit or Governance experience preferred
Competencies:
- Deciding and initiating action
- Learning and researching
- Entrepreneurial and commercial thinking
- Relating and networking
- Adapting and responding to change
- Persuading and influencing
- Creating and innovating
Bachelor's Degrees and Advanced Diplomas:
Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_
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