Risk Consultant at Absa Group Limited (Absa)

Job Summary

• To develop tactical strategy and delivery plans, formulate associated practice/s and to ensure operational implementation and adoption i.t.o. governance management methodology and delivery objectives.

Job Description

To ensure that all Relationship Banking (SME Segment) business activities and duties within a designated portfolio are carried out in full compliance with regulatory requirements, Enterprise Risk Management Framework (ERMF) and applicable internal Absa Policies and Standards as First Line of Defence (1LOD), this includes:

• To enable management to monitor the effectiveness of the control environment and to take action to further mitigate operational risk where required.
• Identification and assessment of business risk/s within the portfolio and ensure that risk control processes are adhered to, to maintain an acceptable risk profile.
• Coordinate the implementation, execution and embedment of end-to-end Operational Risk and Compliance Policy Requirements in the portfolio.
• Ensuring the business units are in line with the ERMF and the Operational Risk Framework.
• Contribute to the report on the risk profile (Control Environment CE) and MCA of the business units after assisting with the assessment of the risks and aligning them with SME’s and appropriate oversight risk teams where necessary.
• Supporting an effective risk culture, where there is an open, pro-active and constructive dialogue relating to operational risk requirements, trends and emerging risks.