Specialist: Risk at Absa South Africa

Job Summary

• To embed effective Operational and Resilience Risk Management (ORRM) practices within the Business Unit (BU) and to effectively implement Absa Group ORRM policies and framework. Contribute to establishing and maintaining an integrated and effective risk management framework where risks are identified, quantified and managed on a consistent basis via the specialised risk management execution framework. Provide technical ORRM expertise and advice to Leadership and all stakeholders in the BU.
• The role supports key functions in RB namely: Strategy, CVM & Sectors, Human Capital, Legal and Finance.

Job Description

Key deliverables will be to:

• Coordinate key activities to sustain a Satisfactory Control Environment. This involves coordinating activities of Principal Risk and related Sub Risks subject matter experts to keep the risk profile within acceptable thresholds.
• Execute CPA’s and RCSA’s per the relevant policies and standards.
• Execute risk event management, with a focus on recoveries, root cause analyses, lessons learnt and ensuring that risk event process and standard is adhered to.
• Drive remediation of all issues in line with the issue management process and standards
• Risk Reporting: Identify, assess and Report key risks arising from significant events, investigations, audit and control issues
• Running appropriate risk governance forum and report appropriately on risk outcomes as may be necessary.
• Building and maintaining effective relationships with key stakeholders, which includes the first line of defense (1LOD) colleagues in business, Principal and Sub risk SME's, second line risk partners and internal audit and other assurance providers.
• Developing and monitoring KRI's to ensure monitoring of the key risks facing the business where these need to be supplemented.
• Ensure that all Compliance Risk framework elements are implemented and reported in the business.
• Drive any risk deliverables that may be required to demonstrate that the business is embedding ORRMF, Conduct Risk and Fin Crime Risks and any elements from the Enterprise Risk Management Framework that impact this function.
• Promote risk and control awareness and work with stakeholders to develop and embed the understanding of the importance of risk and mitigation plan.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

End Date: June 11, 2025 (5 days left to apply)