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With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary
Ensure that all activities and duties are carried out in full conformance to the Enterprise Risk Management Framework (ERMF), Operational and Resilience Risk Framework (ORRMF), as well as related internal Absa policies and standards.
The primary function of the role is to provide second line of defence oversight to business first line of defence through the effective management of Risk Profile, Control Environment, Risk and Control Self-Assessment, Key Indicators, Risk Appetites, Risk Events, Incidents, and Issue Management.
The job holder will participate in AVAF governance forums and business areas key risk management engagements.
Provide independent and objective end-to-end Operational and Resilience Risk oversight

Job Description

Accountability: Operational Risk Framework and Policy Oversight

Providing business with appropriate direction and guidance on the implementation and embedment of the Operational Risk Framework. Ensure that through rigorous and effective facilitation of the Risk and Control Assessment process, that the risk profile and control environment including business inherent and residual risk are effectively managed
Provide relevant guidance, and training to the businesses on the implementation and maintenance of the Operational Risk framework components (including RCSAs, KRIs, Events, Strategic Risk Assessments, and Key Risk Scenarios etc.) and capital drivers
Assess the level of compliance of business for the relevant risk frameworks and policies
Keep up to date and remain relevant with the Operational Risk framework, policies, standards, procedures, and relevant legislation/regulations
The above will be achieved through:

Planning

Participate in an advisory capacity to support the scoping and definition of related Operational Risk deliverables and plans, ensuring that these are aligned to the central Operational Risk calendar
Assess, challenge, and monitor the current and forward looking exposure (financial and non-financial) to Operational Risk i.e., considering all framework elements, strategic planning, business expansions and other major change programmes including NPA.

Assist business in the identification of risk

identify and assess the relevance and performance of KRIs and thresholds
Rigorous analysis and management of Risk Control Self-Assess process
Check and challenge the end-to-end Operational Risk Profile and Control Environment of the business unit/product/function, including emerging risks, strategic changes to be proactive in risk management processes.
Collaborate with the first line of defence to provide guidance on issue/action documentation, tracking, escalation, and remediation
Provide oversight on deep dives, root cause analysis, lessons learnt exercises for material risks, including the review, challenge, and tracking/escalation of findings.
Review major remediation plans for adequacy, completeness, and progress
Oversee monthly loss event reconciliations and related attestations to ensure that all (above threshold) risk events and losses have been captured on the Operational Risk Management System
Liaise with Group Operational Risk teams to ensure support an alignment with policies and standards

Monitoring of Control Environment

Annual review of Risk Control Self-Assessment and Critical Process Assessment or as and when there is material change to the control environment
Review the risk and controls prescribed by the Key Risk Owners into RCAs
Assess the relevance and performance of KRIs and thresholds
Monitoring of Key Risk Indicators and impact to the risk profile and control environment

Governance to manage the operational risk control framework

Actively participate in risk governance forums established in line with Group Operational Risk governance
Oversee the effective oversight and management of key risks in line with the ERM framework and Operational Risk framework elements.
Facilitation of the effective management by the Business area of observations and findings raised different assurance providers
Monitor, review and challenge Business Unit risk profile against approved risk appetite
Review and challenge 1st LoD on design and implementation of Business Unit level controls
Ensure Business Unit capabilities are met (in consultation with SRTOs)
Facilitation of the effective remedial management of issues, overdue items, and ineffective controls
The management of the operational risk orientation in business in order to establish appropriate business ownership

Operational Risk Management Systems reporting

Provide oversight to ensure that all the operational risk data is captured on ORMS including the MCA, RCSA, CPA, Issues, Risk Events, DWBs, Indicators, Root Cause Analysis and Lessons Learnt, Risk Acceptances, and Issues on SNOW.
Apply appropriate data quality checks on the above and facilitate addressing data quality issues for Operational Risk reporting
Validate data and information in relevant reports provided by 1LoD, as appropriate.
Compile reports as and when required. Provide independent view, challenge, insights, interpretation, and analytics view on reports.
Prepare appropriate current and forecast Operational Risk profile reporting for the business unit/product under review, as agreed

Business Area / Product / Function Support

Display a high degree of familiarity with the business and its current best practices, issues, and objectives
Liaise across Business operations, leveraging internal central engagement channels/resources as appropriate, to provide Business functional areas Operational Risk oversight

Education

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

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised