Governance, Risk And Control Manager

Governance, Risk and Control Manager Apply remote type Hybrid locations Absa House - ABT time type Full time posted on Posted 2 Days Ago time left to apply End Date: December 5, 2024 (3 days left to apply) job requisition id R-15969929
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
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.
• 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.
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 communicate with all relevant stakeholders on governance and control related issues
Independently challenge first line and compliance units, and further evaluate the quality of the risk management being exercised by the compliance team
Escalate potential issues timeously to relevant stakeholders
Identify trends and ensure 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.
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 relationships 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.
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)
About Us Truly African We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Absa Group Limited is listed on the JSE and is one of Africa's largest diversified financial services groups with a presence in 12 countries across the continent and around 41,000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda, and Zambia. We also have offices in China, Namibia, Nigeria, the United Kingdom and the United States of America, a Technology Hub in Prague, and insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

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