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Operational Risk Manager at ABSA August,

Operational Risk Manager at ABSA August, Tanzania Jobs » Banking and Finance Jobs »2023 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.

Operational Risk Manager at ABSA

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To support business management in the identification and effective management of risks to which their Business/Function may be exposed, ensuring that effective control environment exists and actively managed in order to reduce operational losses and improve Business-Operating Effectiveness. To help the Chief Risk Officer (CRO) implement, embed and maintain all aspects of the Enterprise Risk Management Framework (ERMF), Operational Risk Management Framework, Combined Assurance Standard, NAPA Policy, Product Risk Policy and RDARR policy and Standard which aims to achieve the aforementioned objective.

Main accountabilities and approximate time split, Risk Assessment, Analysis & Reporting 60%
  • Implement an agreed programme of operational risk assessments (RCAs/CPAs) to identify the key business process risks, determine the effectiveness of operational controls and drive out remedial actions for improving the business’ control framework. Operational Risk Manager at ABSA
  • Monitor the progress of risk and control remediation action plans (e.g. Arising from Risk and Control Self-Assessment (RCSA) testing, Critical Process Assessment (CPA), risk events etc.), follow up on updates on actions and escalating issues as necessary. Operational Risk Manager at ABSA
  • Support the business in the identification, design and implementation of Key Indicators (KIs) and other metrics to assist in the monitoring of controls and risks
  • Ensure prompt and accurate escalation and reporting of risk events by the Business and provide post-incident support to analyse root causes and ensure learning points are identified and addressed.
  • Analyse data to identify risk trends, control weaknesses, and recommend control improvement plans to the business with a view to improving business processes and reducing operational losses.

Risk and Control Objective

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Treasury Risk and Operational Risk Frameworks and internal 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 ABT’s policies and procedures applicable to own role, demonstrating sound judgment 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. Continuous and proactive engagement with regulatory bodies, unions where applicable

Knowledge, Expertise and Experience

Knowledge of the core retail and commercial banking product set A practical knowledge and understanding of risks, controls, risk management tools and methodologies A good understanding of the main operational processes within the Businesses and a good understanding of the procedures and control framework relating to those areas Ability to analyze MI and provide reports capable of identifying key areas of concern.

Ability to operate across a spectrum of Businesses applying risk skills and expertise to different Business processes. Experience of working in a multinational, multi-segment, environment with matrix reporting. Awareness of cultural differences and varying legal/regulatory environments Previous risk management experience gained within an auditing, operational risk management or compliance/controls type role. Operational Risk Manager at ABSA


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