Senior Manager CIB Operational Risk, Governance and Reporting

at  Absa Bank Limited

Empowering Africa’s tomorrow, together…one story at a time.
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
Provide an efficient and effective governance function that proactively co-ordinates and supports the CIB Operational Risk team and all Operational stakeholders by coordinating the planning, management and oversight of all reporting and governance related tasks for the function.
To lead all aspects of Reporting and Portfolio Analytics for CIB Operational Risk. Enable effective planning for the function of all Operational Risk activities that support the strategy and/or team objectives.
Job Description

Accountability: Risk Management, Governance and Reporting

• Define and embed a strong combined assurance reporting and monitoring strategy for Operational risk.
• Manage all Operational Risk governance framework reviews and ensure oversight and benchmarking is performed where required.
• Drive compliance to the Group Operational Risk Management frameworks, policies and standards.
• Deliver compliance and adherence to the functions Management Control Approach (MCA) including remediation where required.
• Deliver Operational Risk expertise and oversight across all governance related activities and reporting.
• Deliver and co-ordinate the OR Planning with a view of the Group and CIB’s Operational risk delivery plans for the year
• In combination with the First Line, coordinate CIB’s Combined Assurance activities/plans/reporting.
• Work in combination with the First Line teams to drive compliance and adherence to CIB’s Management Control Approach (MCA) and Control Environment (CE) requirements.
• Analyze, interpret and produce detailed reports that explain trends, discrepancies and inconsistencies with remediation actions.
• Engage all stakeholders proactively around all OR Planning activities and enable quality submissions of required deliverables.
• Identify, diagnose and recommend improvements and provide specialist advice and support to ensure that solutions are appropriate and effective.
• Provide guidelines and oversight to ensure the identification and assessment of business risk in order to create awareness and manage risk accordingly.
• Prepare reporting for both internal and external submissions that are of a high quality and engagement with all stakeholders prior to submissions
• Attend relevant forums, committees and structures related to area of specialization as may be directed by line manager or business requirements or stakeholder expectations.
• Engage group level specialists and external parties where required to stay abreast of requirements, changes, developments and build relationships.
• Establishment and maintenance of key Governance, Policy & Reporting relationships with all stakeholders necessary for job performance.
• Deliver appropriate initiatives, training, applications, systems and tools to support a robust Governance, Policy & Reporting. In particular, lead ingestion and CIB’s understanding of the Group Operational Risk Management System

Accountability: Stakeholder and Communication Liaison

• Establish and maintain a coherent operating rhythm across the value chain (i.e. intra-risk, across CIB, AGL and 3rd parties) in support of the functional objectives
• Enable delivery of the update to the Risk Leadership with operational performance metrics, project implementation statuses and key matters arising; escalating material issues identified indicating the level of severity and associated risks
• Participate in key risk management committees.

Accountability: Business and Operations Management

• Develop tactical strategies for the integration of service excellence culture, which enables exceptional service to customers that meets and exceeds exceptional service across a single practice.
• Provide sound consulting services and recommendations based on customer and client needs, current information and trends analyses.
• Support and coordinate and manage other ad hoc tasks within the team as delegated.
• Perform all other duties as reasonably assigned.

Accountability: People and Organization

Direct resources in the most effective and efficient manner to execute the Function’s Plan, including:

• Enabling delivery of a supporting Risk Culture to deliver performance consistent with the Group’s Purpose and Values
• Direct involvement in all appointments and setting competencies for the roles
• Defining personal scorecard objectives and measures for employees that align to the Function’s Plan and CIB’s Scorecard.
• Directing performance objectives and remuneration structures for senior management designed to achieve a balance between risk, individual reward and the long-term objectives of the Group
• Input to, coordination and support of the performance management process of employees.
• Participation in the talent development and succession plans.
• Management of an Operational Budget that supports delivery of the appropriate capabilities in pursuit of the Function’s Plan.
• Assistance with the coordination and management of change programs geared towards Operational Risk or, on behalf of the CIB and Group Risk Exco.

Experience Required:

• 10 years Operational Risk / banking / financial services environment experience
• 5-8 years’ experience as a Senior Operational Risk Manager / Partner
• Experience with Risk Framework elements especially Operational Risk management
• Experience in dealing with multiple stakeholders
• Exposure to Operational Risk Governance and Operational Risk and Control Committees

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 advertise

Accountability: Risk Management, Governance and Reporting

• Define and embed a strong combined assurance reporting and monitoring strategy for Operational risk.
• Manage all Operational Risk governance framework reviews and ensure oversight and benchmarking is performed where required.
• Drive compliance to the Group Operational Risk Management frameworks, policies and standards.
• Deliver compliance and adherence to the functions Management Control Approach (MCA) including remediation where required.
• Deliver Operational Risk expertise and oversight across all governance related activities and reporting.
• Deliver and co-ordinate the OR Planning with a view of the Group and CIB’s Operational risk delivery plans for the year
• In combination with the First Line, coordinate CIB’s Combined Assurance activities/plans/reporting.
• Work in combination with the First Line teams to drive compliance and adherence to CIB’s Management Control Approach (MCA) and Control Environment (CE) requirements.
• Analyze, interpret and produce detailed reports that explain trends, discrepancies and inconsistencies with remediation actions.
• Engage all stakeholders proactively around all OR Planning activities and enable quality submissions of required deliverables.
• Identify, diagnose and recommend improvements and provide specialist advice and support to ensure that solutions are appropriate and effective.
• Provide guidelines and oversight to ensure the identification and assessment of business risk in order to create awareness and manage risk accordingly.
• Prepare reporting for both internal and external submissions that are of a high quality and engagement with all stakeholders prior to submissions
• Attend relevant forums, committees and structures related to area of specialization as may be directed by line manager or business requirements or stakeholder expectations.
• Engage group level specialists and external parties where required to stay abreast of requirements, changes, developments and build relationships.
• Establishment and maintenance of key Governance, Policy & Reporting relationships with all stakeholders necessary for job performance.
• Deliver appropriate initiatives, training, applications, systems and tools to support a robust Governance, Policy & Reporting. In particular, lead ingestion and CIB’s understanding of the Group Operational Risk Management Syste

Accountability: Stakeholder and Communication Liaison

• Establish and maintain a coherent operating rhythm across the value chain (i.e. intra-risk, across CIB, AGL and 3rd parties) in support of the functional objectives
• Enable delivery of the update to the Risk Leadership with operational performance metrics, project implementation statuses and key matters arising; escalating material issues identified indicating the level of severity and associated risks
• Participate in key risk management committees

Accountability: Business and Operations Management

• Develop tactical strategies for the integration of service excellence culture, which enables exceptional service to customers that meets and exceeds exceptional service across a single practice.
• Provide sound consulting services and recommendations based on customer and client needs, current information and trends analyses.
• Support and coordinate and manage other ad hoc tasks within the team as delegated.
• Perform all other duties as reasonably assigned