- Job Type Full Time , Remote
- Qualification Bachelors , Masters
- Experience 10 years
- Location Gauteng
- Job Field Banking 
Head: Risk, Governance and Control at Absa Group Limited (Absa)
Head: Risk, Governance and Control
Job Description
Accountability: Enterprise Risk Management Framework (ERMF)
- Supports the Group Chief Risk Officer in the development, execution and ongoing enhancement of the Risk Strategy and its related governance ensuring alignment and support to the group strategy.
- Develops the Enterprise Risk Management Framework, Principal Risks, supporting policies and its related Risk Taxonomy ensure, it is of a global standard that is fit-for-purpose, dynamic and forward-looking and continuously enhance it and obtain annual approval from the Board.
- Tracks and manages the execution of the Risk strategy through management forums, tools like OKRs, driving cross-functional initiatives and ensuring traction on execution.
- Ensures ERMF group-wide rollout and provide the necessary training interventions.
- Designs and implement appropriate risk measures (metrics) for evaluating the embedment and effective functioning of the ERMF.
- Reviews and enhances the Risk Target Operating Model to support the execution of Risk Strategy, ensuring its alignment with the ERMF.
- Works with PROs to define and execute world-class framework for operating Risk as a Regional multi country Bank.
- Ensures that Principal Risk Officers, Risk type owners and Chief Risk Officers operate within ERMF requirements with regards to:
- Their Business Unit/ Risk type Target Operating Models
- Having appropriate governance forums for effective management of risk.
- Establish methodology, undertake ERMF related conformance reviews, and report thereon in an agreed format.
- Performs ongoing international benchmarking and annual revisions to the ERMF based on global and emerging risk themes and present these to ERC and Board on an annual basis.
- Develop a Group Framework and Policy Standard that supports the optimal functioning of the ERMF.to ensure consistency of framework and Policy writing across the group
- Fulfil the custodial responsibility of the Group Framework and Policy suite, ensuring that it remains current, is timeously approved by the appropriate governance committees and is published for group-wide adoption.
- Manage the timetable for the review of the Framework and Policy suite to:
- Ensure adherence to group policy standard
- Alignment of sub-risks to the Risk Taxonomy, and
- Escalate bridges/ deviations to Exco and Board
Accountability: Function governance and control
- Ensure appropriate operational risk management and control culture across the risk function.
- Set non financial risk appetite for the area and monitor adherence thereof
- Lead the design or operation of processes and controls that are to be performed by or in conjunction with the Risk Sub Functional Managing Executives or other stakeholders.
- Accountable for continued functional drive to maintain a satisfactory management control approach and control environment that addresses all applicable risk types and processes.
- Ensure that the operational risk framework is understood and embedded across all its facets in the Risk Functions.
- Accountability for the oversight and the engagement with multiple functional areas that include; Governance and Control, Conformance, Operational key risks (Resilience, etc.), Audit, Compliance and with a view on current trends and future projections
- Implement and maintain effective governance structures within the risk function
- Monitors and escalate the remediation of open and overdue audit and management assurance action items within the operating environment for the Risk Function.
Accountability: Combined Assurance
- Provide clear direction on strategic goals, translating and prioritising them into business and performance measures
- Develop and Maintain the group Combined Assurance framework in alignment with governance, risk and compliance strategies.
- Act as strategic advisor to the group executives of the control functions (Risk, Internal Audit and Compliance) providing assurance, insights and reports on the effectiveness on controls in the organisaiton
- Facilitate the coordination of assurance across the three lines of deference to optimize assurance coverage and avoid duplication.
- Establish and oversee the Group Combined Assurance plan aligned with the groups Strategic priorities and risk profile and ensure assurance activities are planned and executed in a risk-based and integrated manner.
- Regularly report on the adequacy of internal controls to the group;s executive management and the Group Audit and Compliance committee working closely with the RTO: Operational and resilience risk.
- Provide consolidated insights to senior management
- Track implementation of actions resulting from assurance reviews.
- Put into place the required tools to ensure assurance work is executed in a consistent manner by each line of defence.
Accountability: People Management
- Provide clear direction on strategic goals, translating and prioritising them into business and performance measures
- Role model the Absa values and embed them through the function, enabling colleagues to operate and demonstrate the values at all times
- Review resource plans and ensure that resource allocation is in line with projected business plans and priorities
- With the HC partner, build an environment to support talent management, development and mobility
- Ensure people plans that align to the respective business and succession plans are in place
- Drive and lead the diversity and inclusion (D&I) agenda across the team. Ensure all relevant D&I activity is conducted within the function and contribute to the Absa D&I strategy
- Leverage the Absa wide learning agenda to develop and grow the capabilities within the team
Accountability: Stakeholder Management
- Build and maintain effective relationships with Operational Risk Heads and the Business Unit/Function CRO’s
- Actively participate in external forums as a means to establish and maintain networks in the financial services industry. Keep abreast of Industry and Regulatory developments
- Ensure effective interaction with the Absa Group CRO, CIA and Chief Compliance Officer together with their exco’
- Interface with all the Prudential Authority (South African Reserve Bank), and/or non-executive governance structures on risk matters.
Role/person specification
Preferred Education
BCom Hons, CA (SA), MBA, Masters or a related NQF Level 6 equivalent qualification
Preferred Experience
- Ten (10+) years’ experience in the Banking sector which must include proven experience. Ideally with international/regional exposure
- Ten (10) years ‘experience managing a large Control or Operations environment
- Five (5) years’ experience on a senior management level in a large corporate
- Experience at engagement at a Board level (Preferable)
Knowledge and Skills
- Strategic thinking: Ability to think and act in a strategic manner
- Communication and Influence: ability to communicate effectively across a range of senior stakeholders
- Strong networking skills. Awareness of cultural differences and varying legal/regulatory environments. Proven demonstration of communication skills at all levels within a large organisation. Stakeholder management on a senior and executive management level
- Innovation and change: ability to identify opportunities to improve service and deliver on these
- Proven leadership: ability to direct a large number of staff to achieve the Function objectives and goals.
- People management: ability to form and develop high performing teams with robust bench-strength. People development/management skills/orientation and team leadership
- Problem solving and decision-making: ability to quickly understand a situation and take decisive action that is bought into by stakeholders. Courageous to make tough calls
- Quality and Excellence: Commitment to quality, high standards and robust risk/control management. Proven ability to deliver service excellence, managing often conflicting priorities
- Strong knowledge of Corporate and Investment banking and broad technical products skills and general commercial/industry awareness
- Good knowledge of risk, controls and governance processes, tools and practices
- Domestic and international travel required
- Experience of working in a multinational, multi-segment environment with matrix reporting structures
Education
- Postgraduate Degrees and Professional Qualifications: Business, Commerce and Management Studies (Required)
End Date: June 13, 2025 (7 days left to apply)
Method of Application
Interested and qualified? Go to Absa Group Limited (Absa) on absa.wd3.myworkdayjobs.com to apply
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