Risk Assurance Manager job at Absa Group

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Vacancy title:
Risk Assurance Manager

[ Type: FULL TIME , Industry: Banking , Category: Management ]

Jobs at:

Absa Group

Deadline of this Job:
30 June 2022  

Duty Station:
Within Zambia , Lusaka , South - Central Africa

Summary
Date Posted: Tuesday, June 21, 2022 , Base Salary: Not Disclosed





JOB DETAILS:
Risk Assurance Manager
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
• Strategic and Tactical Planning for the Assurance team.
• Credit risk assurance reviews
• Stakeholder engagement and management.
• People Development and Talent Management.
• Attendance of Risk & Control Governance Forums
• Reporting key control issues to Governance Committees. i.e RCF, ERC, CMC and R&CMC.
• Highlight weaknesses within the control frameworks and deployment which may result in risk issues for the business.
• Recommend changes, enhancements or amendments to existing governance or best practice where existing policies or procedures are unclear, inconsistent or require review, whether for regulatory or business reasons.

Job Description
• Responsible for providing Management with the assurance that the Credit Risk activities are being conducted in line with the Corporate, business and retail lending policies, standards and frameworks.
• Responsible for ensuring that sampling tests methodology is embedded and carried out on a regular basis:
• Monthly sampling of Lending activities e.g Credit approvals, FLAM/Facility letter review, Excess management, Financial covenants and conditions of sanction monitoring, Monthly risk reports, Client visits, TAT tracking and KRIs.
• Perform periodic independent assurance/conformance reviews on adherence to the lending credit policy requirements and controls.
• Reporting key control issues to Governance Committees i.e Risk and Control Forum (RCF), Enterprise Risk Management Committee (ERC), Country Credit Committee (CMC) and Risk & Capital Management Committee (RCMC).
• Review the adequacy and effectiveness of the existing controls within Corporate, business and retail lending (Credit origination, Sanctioning, Credit administration, BBS and Collections/Recoveries)
• Keep abreast of control issues related to lending and report them through the Governance Committees.
• Responsible for driving the review process of the relevant Lending CPA.
• Monitor adherence to Group policies and ensure that Dispensations, Waivers and Breaches are raised where applicable.
• Review and submission of all Internal Audit, Conformance and Credit review closure packs. Issue Closure Packs must be submitted two weeks before due dates.
• Review and closure of monthly exceptions report. Root causes must be identified and addressed by the respective functions.
• Attending Risk & Control Governance Committee meetings
• Carrying out in-depth conformance investigations
• Timely identification and escalation of credit related breaches.
• Discuss assurance review findings with key stakeholders (Credit, BBS, CR, BB & CIB teams) before submitting final report to Chief Risk Officer final review and sign off.
• Recommend changes, enhancements or amendments to existing governance or best practice where existing policies or procedures are unclear, inconsistent or require review, whether for regulatory or business reasons.
• Highlight weaknesses within the control frameworks and deployment which may result in risk issues for the business.
• Ensure all audit, conformance and Business review exceptions are closed timely by the respective teams..
• Effective Stakeholder engagement and management e.g Finance, Treasury, Legal, CIB, BB, Markets, Legal, Compliance and Credit etc.
• Attendance of Risk, Governance and Control Forums
• Ensure that action owners actively contribute towards closure of all open control observations / findings.
• Provide a view of the control environment to in-country risk committees
• Work closely with the compliance team in managing regulatory observations.
• Keep track of any changes in the regulatory environment that may have an impact on the credit control environment.
• Agree and Manage service level agreements.
• Raise observations that are insightful, accurate, address the root cause and add value to the business, ensuring that conformance review scopes reflect wider implications.
• Strategic and Tactical Planning for the Assurance team.
• Proactively upskill team and self.
• Achieve optimal team performance/efficiency through monthly tracking and review of team performance.
• Ensure ongoing people and talent management as an engagement enhancer and retention tool
• Develop a highly motivated team maintaining excellent relationships within own team and wider business to ensure achievement of business goals
• Prepare team’s training needs development needs and support the development and implementation of solutions.
• Act as a role model and drive proactive application of Absa values.
• Ensure effective performance development and succession planning for the team.

Education
Bachelor’s Degree: Business, Commerce and Management Studies (Required)

Job Experience: No Requirements

Work Hours: 8 12:00:00 AM Bachelor Degree

Job application procedure
To apply for this job please visit absa.wd3.myworkdayjobs.com