Operational Risk Manager - Taxation Risk at Absa

Job Summary

• As a support to the Operational Risk – Specialist Risk Type Owner enable the risk profile management of Taxation Risk by establishing and maintaining the relevant frameworks, policies, standards (if applicable), management information and oversight under which businesses and functions within AGL are to manage their Taxation Risk profiles.

Job Description

Operation Risk Policies and Standards

• Formulate and manage Taxation Risk policies, standards (if applicable) and risk and control libraries taking into consideration relevant research and trends.
• Improve the efficiency and compliance levels of policies, standards (if applicable) and risk and control libraries to new/amended market, business or regulatory requirements. 
• Assess, within own mandate, requests for dispensations and waivers against Taxation Risk policies and standards; provide the Operational Risk – Specialist Risk Type Owner with a recommendation for those above own mandate.
• Monitor and report on policy and standard implementation status, concerns and challenges; escalating material issues identified indicating the level of severity and associated risks.

Training and awareness

• Prepare training material, for Taxation Risk policies and standards (if applicable), and provide for consumption into the digitized training platform.
• Act as advisor, for the Taxation Risk policies and standards (if applicable), to business units and functions providing guidance on matters related to interpretation and or implementation.

Risk Measurement

• Ensure responsibility for the key risk scenarios which feed the capital computation process.
• Analyse the associated capital holding for Taxation Risk and provide an adequacy assessment to the Operational Risk – Specialist Risk Type Owner.

Portfolio Monitoring and Combined Assurance

• Deliver value-added management information, specifically key risk indicator trends, and analysis of the drivers of risks to assist senior management to better manage risks, losses and the associated capital holdings.
• Design and implement an agreed programme of continuous monitoring and evaluation to assess appropriateness and effectiveness of the internal governance and control arrangements of business units and functions to the Taxation Risk policies and standards (if applicable).
• Contribute to the combined assurance planning across the 3LOD in relation to own policy and standard conformance.
• Conduct assessments of conformance to policy and standard (if applicable) requirements in line with combined assurance plans.

Operational Risk Management System

• Ensure responsibility for incorporation of the requirements, of Taxation Risk, into the Operational Risk Management System.

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