Specialist: Risk Reporting and Governance at Absa Group Limited (Absa)

Job Summary

• The Risk Reporting and Governance Specialist is responsible for ensuring effective risk management and governance practices within the organization. This role involves developing and implementing risk reporting frameworks, conducting risk assessments, and providing insights to senior management to support informed decision-making.

Job Description

• Role Title: Risk Reporting and Governance Specialist
• Role Purpose: The Risk Reporting and Governance Specialist is responsible for ensuring effective risk management and governance practices within the organization. This role involves developing and implementing risk reporting frameworks, conducting risk assessments, and providing insights to senior management to support informed decision-making.

Key Responsibilities:

• Develop and maintain risk management and reporting processes and tools to ensure accurate and timely reporting of risk information.
• Conduct regular risk assessments and control evaluations to identify potential risks and recommend mitigation strategies.
• Collaborate with various departments and stakeholders to ensure compliance with risk management policies and procedures.
• Collaborate with the second line operational risk management function to ensure consistency in reporting and quality of information.
• Prepare and present risk reports to senior management and relevant committees, highlighting key risk areas and trends. Leverage the available risk management systems and data analytics tools.
• Provide support on the process management risk monitoring and remediation, ensuring accurate reporting.
• Perform a point of contact role for internal audit matters impacting on the Central Governance, Risk and Control (GRC) function, engaging and coordinating audit requirements during reviews and through issue management process.
• Manage special projects to ensure successful execution and alignment with organizational goals.
• Perform governance and secretarial duties for the risk management forums such as the Specific Risk Types forums.
• Support the development and implementation of risk policies, frameworks, and methodologies in collaboration with various stakeholders.
• Support the development and implementation of governance frameworks to ensure adherence to regulatory requirements and industry best practices.
• Provide training and guidance to colleagues on risk management and governance processes.

Education:

• Bachelor's degree and advanced diplomas: Risk Management, Economics, Finance, Business Administration, or a related field.
• Postgraduate qualification or certification in Risk Management (e.g. FRM, PRM) is advantageous.

Key Competencies:

• Attention to detail and accuracy.
• Strong communication and presentation skills.
• Proficiency in risk management software and tools
• Strong organizational and time management skills.
• Ability to handle multiple tasks and prioritize effectively.
• Strong interpersonal skills and the ability to build relationships with stakeholders at all levels.
• Knowledge of regulatory requirements and industry standards related to risk management and governance

Education

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