Specialist Risk: Operational Risk Analyst at Absa South Africa

Job Summary

• Provide specialist advice and support in the embedment of operational risk management and associated processes, methods and techniques in order to deliver on approved operational plans in an effective and efficient manner across Everyday Banking and assist the Operational Risk Manager, in the development and maintenance of the Absa Operational Risk and Resilience Management Framework by delivering integrated qualitative and quantitative analytics. 
• The scope of the role covers all risk management and measurement methods which apply to the relevant Operational Risk approach.

Job Description
Accountability: Risk Management

• Understand and apply the relevant risk and governance procedures to activities undertaken and ensure that the relevant risk management processes, control environment requirements and risk management frameworks that impact the area are documented and understood and also captured on ORMS (as applicable).
• Analyse implemented Enterprise Risk and Operational Risk Management Framework effectiveness
• Conduct on-going review of the performance of the Operational Risk Management Framework. This requires providing check and challenge to ensure that all risks have been considered and appropriately addressed within the specific business area being supported.
• Support the Operational Risk Manager with on-going analysis, review and oversight of Risk and Control Self-Assessments, Risk Event Management, Key Indicators, Key Risk Scenarios and Lessons Learnt but not just limited to the above elements- Information captured on ORMS, CPA, MCA, RCA and LL, Issues, Actions , dispensations etc.) and Risk event reconciliation,
• Perform on-going data quality checks and validations on all components of the Operational Risk Management Framework, extracting data from ORMS, including performing independent validation checks on the data captured on ORMS.
• Display professional behaviour whilst ensuring the appropriate check and challenge with the respective Business area the Op Risk Manager supports, raising and discussing contentious observations with the Op Risk Manager and providing evidence to support all issues identified
• Oversee and perform (where appropriate) deep dive- and lessons learnt exercises for material risks, including the review, challenge and tracking / escalation of findings.
• Operational Risk policy and standard conformance testing.
• Monitor and track the effectiveness of the control environment (MCA, CPA, RCSA , Risk profile etc.) and to take action to further mitigate operational risk where required within the mandate of the supported BU’s risk profile.
• Use the Op Risk framework to facilitate the identification of all possible risk and ensure corrective controls (which are aligned to this framework) are implemented by the relevant business area risk managers to mitigate these risks.

Accountability: Support the Operational Risk Manager: Policy & Framework

• In providing support on automation of the ERMF & ORMF in the approved operational risk management system as well as in resolving issues
• In driving the implementation and use of the ERMF & ORMF in the business
• Report on results analysis to the Operational Risk Manager.
• Support development of operational risk techniques for the business area supported by the respective Operational Risk Manager.

Accountability: Data management

• Prepare monthly data extracts per framework component to support the Operational Risk manager (to be obtained from the approved operational risk management system [ORMS])
• Apply appropriate data quality checks on this data and prepare reports on an exception basis on data quality issues
• Ensure timely capturing of risk management issues, risks on the ORMS by the relevant 1LOD business partner(s)
• Review, check and challenge of data captured on ORMS (RCSA, CPA, MCA, Risk events, Risk event reconciliation, RCA and LL , Issues, Action , dispensations etc.)
• Support the Operational Risk Manager: Reporting, with periodic reporting requirements (monthly, quarterly and annual).

Relationship Management

• Develop and maintain relationships with key 1st Line business risk partners.
• Engage closely with stakeholders, identify the BU requirements, and encourage open discussion and interaction with business on the risks associated in their environment.

Qualifications

• At least 1 to 2 years in a managerial position, having risen through the ranks (e.g., Supervisor, Manager, Assistant Manager) but not necessarily at a Senior Manager level.
• ​A minimum of 7 years of experience is required.
• Bachelor`s Degrees Business, Commerce and Management Studies and Advanced Diplomas
• Bachelor's Degree Risk Management and Financial Risk Management/ Internal Audit

Education

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