Nafasi ya kazi :- Governance, Risk and Control Manager at Absa November 2024

Job type: Full-time

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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.

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Job Summary

• This role is responsible for developing and implementing a rigorous and robust compliance and governance programme for the Compliance Function. This process will support the Compliance Function to ensure that as a first line owner of the compliance controls there is adequate design and embedment of the identified risk and controls.
• Establish and operate proper governance within Compliance.
• Identifying and managing all the risks in the activities and critical processes the compliance team engages in, and ensuring the function has and follows appropriate standards, procedures and controls in remitting their mandate.
• Support and continued enhancement of Governance and Control Framework within the bank through working closely with 1st and 3rd LOD, identifying emerging risks and hotspots across the bank.
• Escalating risk events to Director of Legal and Compliance and other senior managers.
• To ensure validate the local regulatory team, adheres to policies and regulations and exceptions are identified and reported accordingly.
• Ensure there is effective engagement and support provided by the compliance to the business units during Audit preparation, management and closure of audit findings.

Job Description

Main accountabilities

Governance and Control  

• To lead and roll out the assurance of the first line compliance owned controls as well as ensure that the controls meet the requirements from a design and adequacy perspective i.e. actively drive a combined assurance plan for Compliance owned controls as well responsible for testing the effectiveness of the controls.
• To lead and ensure that all compliance and risk control matters are appropriately reported and escalated to the various governance forums (including Critical Process Assessments, Management Control Approach, Risk and Control Self Assessments and Key Indicators)
• To identify key indicators via an automated risk and control dashboard which will assist in monitoring the effectiveness of the compliance controls.
• To use data to identify any trend analysis i.e. patterns or trends in data to anticipate potential compliance issues and to proactively address these issues.
• Oversee and monitor the compliance control environment and management control approach.
• Monitor the road to satisfactory plans for operational and control remediation issues.
• Be the point on entry with key business stakeholders (including internal audit, monitoring and testing teams etc.) on control management.
• Oversee and implement adequate governance programs for the Compliance area.
• Identifying, assessing, monitoring and mitigating Compliance risk and Reputation risk in line with the organization as well as industry standards and norms.
• Review and oversee regulatory interaction and reporting controls are in place
• Conduct Risk and Control Assessment (RCSA) attestation and formulation testing with the team.

• Must understand EMRF – Enterprise Management Risk Framework.
• Develop and enhance the control framework, ensuring is in line with Group Risk frameworks.
• Promote a greater understanding of risk management and assurance in order to embed a risk awareness culture within the compliance team.
• Analyse Risk Events reported on a monthly basis to identify control lapses and put in place preventative and remediation actions.
• Review and challenge the identification, evaluation and prioritization of risks to ensure these risks are understood and that potential impact, threats and vulnerabilities are quantified. Ensure there is clear accountability for these risks.
• Drive effective tracking and closure of all risk and control related actions with appropriate independent conformance testing to confirm closure as required.
• Ensure business conformance to all risk policies, procedures, initiatives and standards.

Stakeholder Management  

• Build strong relationships with both Absa internal and external stakeholders by providing expert advice to the Director of Legal & Compliance and senior management where needed.
• Effectively communication with all relevant stakeholders on governance and control related issues
• Independently challenging first line and compliance units, and further evaluating the quality of the risk management being exercised by the compliance team
• Escalate potential issues timeously to relevant stakeholders
• Identifying trends and ensuring actions are in place to mitigate key risks

Risk and Controls Objectives

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Absa Policies and Standards

Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture

• Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
• Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
• Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
• Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
• Ensure timely preparation of all Risk and Controls reports and timely submission t to Director of L&C for review and sign off (RCF, ERC, BARCC, ARO Monthly Report etc.)
• Tracking all mandatory trainings completion to deadline
• Ensure all risk and controls matters are addressed appropriately and prepare for all audits (internal Auditor, Regulator (BOT) and the external auditors)
• Ensure all compliance and Legal units have their departmental frameworks in place and test adherence frequently.

Technical skills / Competencies

• Bachelor’s degree in statistics, mathematics or other quantitative fields.
• Master’s degree in any quantitative field will be an advantage
• More than 5 years of Audit and/or governance and control experience.
• Deep understanding of the concept of process and risk management; and banking and auditing
• Strong decision making, communication, and interpersonal skills
• Strong working knowledge and ability to use MS Office, MS Vision, MS Project, able to prepare PowerPoint presentations for presentation to management and knowledge of other standard software application tools
• Strong aptitude for easy and quick learning of audit, analytical, or/and facilitation skills
• Intellectual competencies – intelligence, analysis skills, judgement/decision-making, pragmatism
• Personal competencies – integrity, initiative, organization/planning, excellence, independence, adaptability
• Interpersonal competencies – assertiveness, team player, oral/written communication, political savvy, negotiation and persuasion, managing conflict

Knowledge, Expertise and Experience

• Minimum of 5-10 years detailed business risk officer knowledge and experience aligned to Banking, Corporate, Treasury and Markets (i.e., Risk and Control Self Assessments (RCSA), Key Indicators, Risk Events, Assurance, Governance, Issues Management and Risk reporting).
• Broad understanding of model risk and/or governance and control environment
• Good communication skills, both oral and written.
• Good interpersonal skills and is a team player.
• Experience across more than one part of the risk process e.g. audit, regulatory relations, risk controls, business advisory etc.
• Track record of identifying system weaknesses, using initiative and internal control knowledge to provide practical and commercially viable solutions
• Ability to build and maintain relationship both within the team and with stakeholders.
• Focus on achieving team objectives.
• Ability to work in an efficient and organized way.
• Deadline Driven
• Self-motivator and able to take on ownership and is accountable for problems.
• Understands local and global regulatory requirements and is aware of environmental practices that may affect model risk.

• Able to maintain a strategic view of compliance role to business success.
• Big picture minded and able to consider the impact of governance and control breaches on t, ABT as Entity and AGL as a whole.

Absa Values

Absa’s Values and Behaviors represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:

• Trust
• Resourceful
• Stewardship
• Inclusive
• Courage

Education

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

How to Apply:

This is Full-time Job, To submit your application, please follow the link provided below.

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