Senior Manager: Risk (CRES)

The Corporate Real Estate Services (CRES) team is responsible for the overall management of all Engineering Services, Facilities Management, Occupational Health and Safety Management, Real Estate Management, and the execution of all Capital projects within the Absa Group to enable strategic delivery of the functions and fulfilling of business responsibilities.

• Ensure optimal positioning of the Enterprise Risk Management Framework (ERMF) and ORRMF within CRES by creating awareness and understanding of operational risk among senior management;
• Ensure effective implementation, representation and adoption of the ERMF, by all CRES functions;
• Monitor functional performance against risk appetite;
• Check and challenge the end-to-end Operational Risk profile of the function, including emerging risks, to ensure ‘no surprises’.
• Identify all Group related policies and standards and ensure that the processes align to minimum control guidance as set out in policies and standards;
• Oversee and facilitate the design of appropriate processes and procedures needed to implement the ERMF in CRES including ensuring sub-functions implement appropriate, standardised and adequate risk and compliance processes and monitoring capability;
• Develop, draft and communicate relevant guidance documents to ensure compliance with ORRMF policies and standards;
• Be the ‘Go To’ person and provide guidance to CRES Functional Heads and managers on the interpretation of the ERMF and related policies and standards;
• Monitor and challenge the effectiveness and adherence to the ERMF and ORRMF;
• Assess the level of compliance and risk in CRES and report this to senior management;
• Assess the compliance to policies and standards and apply for dispensation and/or waiver to the relevant RTO where material gaps in policies/standards or sections of policies/standards are identified, or considered irrelevant post the risk appetite setting for the CRES function;
• Assist in the design and implementation of the minimum Operational Risk Key Indicators (KI) for CRES as required by the RTO including assessing the relevance and performance against thresholds;
• Seek opportunities for continuous improvement in processes for efficiency and effectiveness in execution of risk management activities;
• Monitor overdue Internal Audit findings that pertain to CRES and ensure these are addressed timeously through engagement with responsible persons;
• Oversee monthly loss event reconciliations and related attestations to ensure that all (above threshold) risk events and losses have been captured on the Operational Risk system;
• Provide relevant coaching and guidance to the sub-functions on the implementation and maintenance of the Operational Risk framework components (including RCSAs, KRIs, Events, Strategic Risk Assessments, and Key Risk Scenarios etc.) in consultation with 2LOD;
• Remain abreast of the ORRMF, policies, standards, procedures, and relevant legislation/regulations

• B degree or equivalent specializing in Audit / Business Management/ Risk Management or equivalent NQF level 6 qualification or higher.
• Honours Degree in Audit or Business Management or equivalent NQF level 7 qualification (preferred)
• Eight (8) years’ experience in risk management and/or relevant business sector.
• Sound operational risk and compliance knowledge.
• Knowledge of the main operational processes procedures and control frameworks within the Absa businesses.
• Understanding of emerging technologies and the risk implications.
• Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and the internet.
• Awareness of cultural differences and varying legal/regulatory environments.
• Experience in implementing risk or compliance frameworks end to end.
• Audit experience advantageous.
• Exposure to Operational Risk Governance and Operational Risk and Control Committees.
• Experience with Risk Framework elements especially Operational Risk management.
• Experience in dealing with multiple and diverse stakeholders.
• No criminal record.