Senior Manager CIB Operational Risk, Governance and Reporting needed at Absa Group Limited

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)