Specialist: Risk at Absa South Africa

Job Description

• Ensure that all activities and duties are carried out in compliance with regulatory requirements Enterprise Risk Management Framework (ERMF), Operational Risk frameworks and related policies and standards.
• Engage with Risk and Compliance colleagues to ensure proper implementation of related policies and standards.
• Support the business in the implementation and embedment of Enterprise Risk Management Framework (ERMF), including those applicable for Risk and Control Self-Assessments (RCSAs), Critical Process Assessments (CPAs), Management Control Approach (MCA), Issue Management, Fraud Management, Combined Assurance, Risk Events, Key Indicators, as well as Dispensations Waivers and Breaches (DWBs) as well as Management Control Approach (MCA).
• 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.
• Monitor, measure, prepare and deliver on applicable reports; raising concerns and challenges, escalating associated risks and any material issues identified.
• Support the team in governance-related matters, including but not limited to monitoring and tracking the strategic initiatives, providing administrative support for Committee meetings including documenting minutes and tracking of meeting action items and initiatives where required.

Reporting and Analysis

• Source and interpret data for reporting to the enterprise risk committee and any other related reporting requirements.
• Ensure data quality and accuracy of reporting.
• Support the management reporting of all key concerns as appropriate through monthly and quarterly risk committees, forums, and governance committees.
• Ensure the completeness, accuracy, and validity of reporting through the monitoring of data quality on the Operational Risk Management System (ORMS) and related risk management systems.
• Engage business stakeholders and maintain effective follow-up and tracking of the remediation of weaknesses and control gaps identified.
• Reporting of all material concerns as appropriate and through risk and control governance committees.

Education and Experience Required

• B degree or equivalent specialising in Operational Risk Management / Audit / Business Management
• 5- 8 years’ experience in a Financial Institution preferably investments.
• 3-5 years’ experience in a Risk Environment

Knowledge and Skills: 

• Knowledge of the risk environment and risk management principles.
• An understanding of the operations of an investment and/or stockbroking business would be preferred.
• Keeping abreast of changes in industry and developing of own competency through continuing education.
• Proficiency in ORMS system preferred.

Competencies: 

• Deciding and initiating action
• Persuading and influencing
• Relating and networking
• Working independently
• Presenting and communicating information
• Analysing data (including data analytics and dashboards)
• Adaptability
• Planning and organising
• Coping with pressure and setbacks
• Learning and researching

Education

• Bachelor`s Degrees and Advanced Diplomas: Risk Management (Required)

End Date:

• June 3, 2025 (4 days left to apply)