Jobs

Head: Risk, Governance and Control at Absa Group Limited (Absa)

  • Job Type Full Time , Remote
  • Qualification Bachelors , Masters
  • Experience 10 years
  • Location Gauteng
  • Job Field Banking&nbsp

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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