Absa – Risk Jobs

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Manager Governance Risk and Control FC

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 SummaryDrive the strategic direction of the function and define and maintain a governance and risk management framework to effectively and proactively manage financial crime risk across Absa Group. In addition, the incumbent will manage the delivery of and provide support to his/her immediate team.

Job Description

Accountability: Business management

Contribute to the formulation of the GRC function’s strategy and support the Head of GRC in delivering the strategy and all associated activities.
Disseminate the strategic vision to team members ensuring that it integrates with their goals and priorities.
Continuously identify areas for improved efficiency and value creation.

Accountability: Governance and oversight

Establish in depth understanding of the enterprise risk management framework (ERMF) and Operational Risk and Resilience (ORR) framework and standards.
Establish an in depth understanding of all associated policies, standards and frameworks to manage financial crime risk.
Design and maintain a sound governance and risk framework ensuring that it is always relevant and responsive to the risks and threats that the Group as well as the jurisdictions in which Absa operates, is exposed to.
Drive the implementation of the governance and risk framework across the Group including any socialisation and/or training required.
Identify all material risks incurred by Business and Functions and ensure that every identified risk has effective management and escalated according to the governance structure.

Accountability: Key risk controls and processes

Challenge risk assessments performed by Business and Functions, challenging any ratings using a combination of quantitative and qualitative data sources.
Conduct risk assessments on key external risks/threats to determine the impact of anticipated or emerging risks on the Business and/or the Group.
Using data analytics, identify risk trends and emerging risks. Furthermore, identify and assess for commonalities of risk drivers and/or control failures.
Propose mitigating actions that Business and/or the Group can take to mitigate the risks identified including amendments that may be required to the Financial Crime ecosystem.
Collaborate with data scientists to refine existing predictive models and create new ones.
Continuously scan the external environment to identify key sources of industry information to enhance and build new predictive models.

Accountability: Scenario analysis and stress testing

Implement stress testing models to evaluate the control environment’s resilience against external risks and threats, assessing the Business/Group’s preparedness to address emerging challenges.
Develop scenarios to improve the control environment’s resilience, helping the Business and/or Group prepare for anticipated risks and threats.
Work closely with data scientists to enhance current stress testing models and develop new ones.

Accountability: Reporting

Develop and present innovative and informative reports to facilitate the Crime Oversight Committee’s responsibility to identify measure, monitor and control the financial crime risk posture effectively and proactively.
Prepare reports as required to relevant senior risk committees as depicted in the RMCP.
Translate risk insights into an informative report that clearly articulates the identified risk/threat.

Accountability: Stakeholder Management

Build relationships with key stakeholders across Financial Crime, Business and Functions to gain an understanding of risks, processes and controls within their respective environments and to be aware of any new strategies that could potentially affect the risk profile.
Build relationships with Risk teams within the broader Group (in particular the Operational Risk and Resilience team) to be aware of changes to frameworks, standards and broader risks that impact the financial crime risk and governance framework e.g. fraud, cybercrime.

Accountability: People Management

Develop a high performing team by embedding formal performance development and informal coaching. Encourage frequent knowledge sharing between team members.
Determine and analyse development needs for the team and ensure that identified training requirements are budgeted for and executed.
Ensure that the team meets all deliverables and performs on the expected level of competence.
Perform conflict resolution and ad-hoc functions pertaining to team members as and when required.

EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Senior Manager: Risk

Empowering Africa’s tomorrow, together…one story at a time.

Job SummaryTo develop tactical strategy and delivery plans, formulate associated practice and to ensure operational implementation and adoption across a single practice i.t.o. risk methodology, governance and delivery objectives

Job Description

Risk Management: Providing Subject Matter Expertise to Risk types | Stakeholder Management: Build and Maintain effective Relationships with relevant stakeholders | Risk Reporting: Identify, assess and Report key risks arising from significant events, investigations, audit and control issues | People Management: Develop a high performing Team | Risk and Control: Adherence to Policies, Procedures and Regulations | : | : | :

EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Trade Finance Clerk

Empowering Africa’s tomorrow, together…one story at a time.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job SummaryOverall job purpose

To support the execution of Trade Finance operations by delivering in a wide range of activities such as transaction processing, signature verification, validation of documents, data entry and attend to queries from the portal.

Job Description

Key accountabilities

Accountabilities: Trade Finance Processing

Scan and upload of documents on bank’s system

Effect accurate input for sanctions screening of trade transactions

Signature verification prior to processing activities for Middle Office

To promptly action any requests from the trade portal

Recording bank transactions in systems

Engaging with different departments for pre-authorization transaction before processing in Middle Office

Validate documents to comply with current sanction policy

To schedule currencies and send position sheet to Treasury for processing

To escalate due payments to Treasury operations

Provide an efficient service by attending queries

Raise entries manually at Middle Office level

To effect settlement of loan on due date

To monitor complaints and raise to higher managements as and when required

Compile AML questionnaires according to standards

Effective data management to meet the standards of practice

Adhere to SLA and ABSA banking practice and procedures to ensure compliance

To provide the required documents to the customers

Prepare and send advice (Copy of documentary credit/ amendment to customers)

Running regular reports for tracking and monitoring

MI Analyst

Empowering Africa’s tomorrow, together…one story at a time.

Job Summary• To provide timely and accurate reporting to Risk and business to enable informed decision-making. This is to be achieved by having an intimate knowledge of not only the various BI applications and data visualisation tools that the bank uses but also knowledge of source data systems, banking products & services as well as the credit process.
• Support MI Team leader on the validation of impairment models, stress testing and drafting of credit policy change requests.
• The role will not only provide relevant MI but will also be involved in implementing and creating new data structures and sources where necessary.
• To act as management information coordinator for Credit Risk, liaising with key stakeholders as required, both internal and external.

Mandatory Risk and Control objective: Ensure all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework, Internal Absa Policies and Policy Standards, Stress Testing Framework and Risk Appetite Framework. Understand and manage risks and risk events (incidents) relevant to the role.

Job Description

MI Production, Data Management and Analysis

Prepare, produce, coordinate, and compile management information for both Wholesale Credit and Retail team as required, including analysis and observations, and highlighting areas of concern to the management team.
Convert data extracts from various sources into relevant information with relevant reporting tools (Excel, Power Point, Word, and other applicable tools) that enable reporting as required. This includes compiling management information (MI) and any other ad-hoc queries while adhering to agreed deadlines.
Understand and interpret data.
Provide analytical trends.
Ensure consistent and timely delivery of analytics support to minimize losses and maximize profits through Trend Analysis, Impairment Analysis, Account management analysis, Profitability analysis, Stress testing, Fraud analytics, Collections strategies and loss reduction strategies.
Use of statistical tools and techniques such as – forecasting, segmentation, predictive analytics
Evaluate projects from a business perspective and showcase analytics value add across projects and different forums.
Support the Portfolio Manager and Corporate Analyst with analytical solution for Retail Credit and Corporate Credit.
Ensure timely and accurate submissions of regulatory and non-regulatory information.
Validate impairment models refresh.
Analyze derived information to create value added understanding and knowledge of business in relation to performance trends by providing analyses against internal benchmarks and testing it against predetermined external benchmarks.
Prepare customized reports based on user requirements and includes executive summaries and highlight risks and issues identified.
Continuously identify opportunities to automate reports and to eliminate duplicate and manual report production.
Ensure alignment between Risk, Finance and Treasury (and/or any relevant stakeholder) from an input and results perspective.
Review and challenge MI reporting and propose alternatives where need be.
Responsible for the extraction and preparation of data ensuring it is accurate and relevant.
Ensure robustness and effectiveness of the end-to-end MI process.
Ensure adherence to the regulatory guideline.
Keep abreast of emerging risks, taking into consideration the internal, local and international environments.

GOVERNANCE AND COMPLIANCE

Mandatory Risk and Control Objective:

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Absa Policies and Policy Standards. Understand and manage risks and risk events (incidents) relevant to the role.
Conduct integrity checks on all extracted data to ensure correct data is incorporated into the reports.
Escalate issues identified to the data governance organization (DGO) and Group Information Systems (GIS), work with them to improve data quality and definitions
Escalate long outstanding data integrity issues to the MI Team Leader to take up at management levels.
Document and regularly update detail procedures for the extracting of data and preparation and submission of the reports.
Perform data back-ups according to the schedules and the frequency set by the business area.
Conduct UAT (User Acceptance Testing) on all new or changed systems identified issues and escalate to the Developers and ensure issues are addressed prior to the go live date.

Automation of internal and regulatory returns/processes & Analytics

Use of statistical tools and techniques such as – forecasting, segmentation, predictive analytics
Identify new opportunities for enhancing, streamlining services through use of advance analytics, automation, and optimization.
Evaluate projects from a business perspective and showcase analytics value add across projects and different forums.
Analyze derived information to create value added understanding and knowledge of business in relation to performance trends by providing analyses against internal benchmarks and testing it against predetermined external benchmarks.
Prepare customized reports based on user requirements and includes executive summaries and highlight risks and issues identified.
Continuously identify opportunities to automate reports and to eliminate duplicate and manual report production.
Act as a checker for main MI reporting by ensuring reports have in-built checks items that meet quality standards and specifications.
Conduct spot checks and audits to verify accuracy.
Implement corrective actions when discrepancies are found.

Stakeholder Engagement and communication

Create a high-performance culture and ensuring effective working relationships through effective engagement model within and across the teams.
Ensure risk members are kept fully informed through a process of two-way communication, which encourages active participation and ongoing improvement of work delivery.
Ensure any information communicated is concise and clear for stakeholder understanding

Role/Person Specification

Preferred Education:

Minimum Bachelor’s degree in Statistics, Mathematics, Risk Management, Econometrics, Economics or Accounting with minimum 4 years relevant experience or equivalent of 7 years bank related experience

Preferred Experience:

Good understanding of Operating systems
A broad knowledge gained in the Risk team of a Bank.
Very good understanding of inherent risks for the Bank
Good understanding of current and future regulatory environment and ability to translate that into requirements for risk frameworks and individual businesses.

Knowledge & Skills:

Ability to manage a relationship with staff at all levels and to agree the recommendations with senior management.
Previous Experience in an Analytical role
Good Knowledge of the financial industry
Good Knowledge of Credit Products
Good understanding of operational and compliance risks

Technical Competencies:

Very good command of various BI applications and data visualisation tools
Able to work under pressure, prioritize tasks and meet deadlines in time-critical environments.
Analytical mind, capable of collecting and assessing multiple risk information from diverse source.
Good presentation and communication skills both written and oral
Ability to learn and research

Behavioral Competencies

Adhering to Absa values
Ability to adapt and respond to change.
Good team player and able to work closely with team members as one team to deliver excellent performance.
Very good interpersonal skills
Creativity, innovative and self-motivator
No missed deadlines, inclusive of mandatory trainings.

EducationFurther Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)

Contact Centre Operations Manager (Fraud Solutions)

Empowering Africa’s tomorrow, together…one story at a time.

Job SummaryTo provide leadership in managing the Fraud Solutions Department specifically focusing on Customer Experience, identification of potential fraud, fraud trends and resolution thereof in an interactive multi channel environment that varies from voice, Whatsapp chats , email and Mobile banking app. Translate strategies into actionable goals and execute relevant projects /Initiatives aligned to Fraud Solutions strategic objectives with specific performance measures and control systems to track progress.

To take responsibility for the overall management and co-ordination of operational risk regulatory; reporting and Industry engagements. Also Support the Hub Head and take responsibility for overseeing, evaluating, reviewing, and reporting across all risk types. To take responsibility for developing techniques, overseeing and analysing trends to assist business in optimising and influence business strategy and considerations. Develop, maintain and manage stakeholder relationships including agent banks Industry partnerships and regulatory.

To identify current fraud threats and work with analysts across the fraud risk environment, identify potential fraud Trends, Threats and Modus Operandi across all products and channels . Protect the bank from the inherent risks and impact associated with fraud by ensuring effective Fraud Intelligence communication to all stakeholders and ensure that fraud losses remain within the set fraud risk appetite

Job Description

Accountability: Strategy and Execution and Operational Effectiveness (15%)

Partner with Fraud strategy to develop the fraud strategy based on data driven insights.
Translating strategic plans into tactical and operational plans, ensuring successful delivery of the strategy.
Manage the Fraud Tools and ensure effective execution within the team.
Continuously seek innovative solutions to enhance operational execution.
Effectively manage new rules implemented by Fraud Strategy to ensure effective Hit rate and provide input into latest fraud trends to assist with effective rule creation.
Understand the overall fraud environment, its dynamics, strategies and initiatives to enable achievement of business objectives through optimal delivery across customer interface and relevant cross functional areas.
Identify business drivers, customer experience pain points and service challenges, recommend and implement remedial programs as agreed with business and Fraud Strategy to close the gaps.
Take responsibility for strategically developing and enhancing the operational risk regulatory and industry liaison strategy and framework.
Take responsibility to oversee, review, challenge and report on the risk, operational risk regulatory reporting to SABRIC, PASA, Fraud Strategy and regulators where applicable. To ensure overall governance and oversight is maintained.
Take responsibility to oversee, review, challenge and report to regulators and senior management where applicable.
Oversee and take responsibility for the aggregation, reconciliation, perform quality checks and analysis on the regulatory and operational reporting and ensure all adequate controls are maintained throughout the process.
Take responsibility to perform continuous analysis to improve reporting and identify optimisation initiatives and benchmark reporting to peers.
Oversee and take responsibility for the development and maintenance of systems and architecture to perform attestations, system enhancement and process refinements to report accurately per portfolio on the appropriate regulatory requirements, taking account of any changes to requirements, including regulatory related requirements
Submit regular and accurate reports to Senior Leadership.
Take overall responsibility to manage internal and external stakeholders (e.g. agent banks, nodal points, fraud strategy, regulator,), to provide assurance on the soundness of reporting across the Fraud Solutions procedures to the senior executives within the Bank
Take responsibility to effectively and efficiently handle queries from stakeholders (external & internal stakeholders, regulators) on reports.

Accountability: Business Management (30%)

Drive the alignment of Fraud Solutions services with the requirements of Fraud Strategy, Fraud Forensic Investigations, Products and Segments, ensuring alignment and cooperating effectively with other business unit delivery requirements across the Group.
Lead rigorous demand management (SLA determination, forecasting & variance analysis) aligned with balanced capacity management (resource & material requirements planning).
Negotiate and agree performance targets, taking accountability for overall achievement of objectives across Fraud Solutions. Objectives include (but are not necessarily limited to) employee satisfaction, customer satisfaction, cost and performance management, risk and compliance conformance, as well as ethical and rigorous risk and governance.
Oversee continuous improvement in the analysis of fraud and case management systems and information technology architecture, driving recommendations for enhancements to Group and other relevant stakeholders with a view to consistently driving workflow efficiencies.
Perform governance and oversight as a leader on selected management/steering committees, if necessary, to provide guidance and control governance oversight with regard to their target performance, interpretation of the environment within which these businesses operate, determination of strategic and tactical initiatives, agreement in decision-making and the driving of corrective actions to ensure that the business objectives of these business units are also met.
Drive cost efficiencies and govern allocated budgets to optimize both business efficiency and financial performance for Fraud Solutions.
Take overall responsibility to manage team members in your division in order to achieve business performance including prioritization.
Implement productivity improvement measures by coaching staff on any new processes or on their areas for improvement.
Address any process failures specific to the department under management.

Accountability: Risk and Control (15%)

Sustain long-term business continuity by proactively identifying potential business risk and designing and governing controls to mitigate such risks.
Take accountability for all risk events and the delivery of specified and agreed upon controls.
Direct the reporting of a risk and governance controls that ensures actions are understood and implemented by all team members. Manage the process by overseeing that key risk controls are recorded, monitored and effectively mitigated.
Report on all risk indicators including financial losses, overpayments, fraud, etc. in the required format to Governance.
Ensure all risk and compliance breaches are escalated to the correct stakeholders within appropriate timescales.
Take responsibility to ensure that processes, control requirements and risk management frameworks that have been designed for the area and continuously reviewed and updated and are understood by all members of the team.
Complete required compliance attestations.
Log all Risk and Loss events(STIGG) as a result of error or fraud highlighted in the department. Ensure that the issues are thoroughly investigated and closed or escalated as per policy.

Accountability: Provide leadership for effective people and team management (35 %)

Take responsibility for the team of staff in the division to ensure effective delivery.
Develop a high performing team by embedding formal performance development and informal coaching.
Encourage frequent knowledge sharing between team members.
Determine and analyse development needs for the team and ensure that identified.
Training requirements are budgeted for and executed.
Create effective workforce and recruitment demand plans to ensure that current and future business requirements can be met. Plans should be revised at least twice a year.
Review and update the department’s organisation structure and role description on at least an annual basis to ensure that they are fit for purpose and contain all the accountabilities of each team member.
Address poor performance of any team member through the formal Performance
Accelerator programme and ensure that continued poor performance is appropriately dealt with.
Participate in the creation and implementation of Employee Opinion Survey (EOS) actions for the team.

Accountability: Stakeholder Management (5%)

Develop and enhance network and relationship building to align the team with business partners within the organisation as well as strategic stakeholders.
Maintain a high level of professionalism in stakeholder interactions, including written and verbal communications, based on sound knowledge of the industry and understanding of relevant regulatory requirements.
Develop and maintain partnerships with local industry institutions, and fraud/loss prevention organizations/Industries in the community.
Build strong relationships with industry peers and best practice on fraud schemes and losses.
We don’t get points for complicating things.

Education and Minimum Requirements

Bachelor’s Degree in Business, Fraud or Risk Management or equivalent NQF level 7 qualification
Operations &/or Contact Centre Management Experience
At least 3-5 years leadership experience
Experience working in a Fraud or Risk environment will be advantageous

EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

CIB: Model Development Manager

Empowering Africa’s tomorrow, together…one story at a time.

Job Summarymanage the development and continuous enhancement of Corporate and Investment Banking (CIB) regulatory credit capital models (PD, LGD and EAD), by playing a leading role in the entire credit risk model development, implementation, monitoring and governance lifecycle. Act as a senior technical advisor to junior quantitative analysts and Model Development analysts across the wider Model Risk and Development teams.

Job Description

We will expect you to take ownership of the full end-to-end model development lifecycle (development, implementation and governance) of CIB regulatory credit capital models (PD, LGD and EAD), to meet relevant business as usual and project timelines.

You will be leading a team of modelling analysts and your role will include mentoring, performance management, recruitment, talent management and succession planning

You will be accountable for ensuring that all activities and duties are carried out in full compliance with regulatory requirements, risk management frameworks and internal policies and standards and understand and manage risks and risk events (incidents) relevant to the process.

You will also play an active role in providing directional expertise to enhance model building skills across the team, including transferring knowledge and experience to junior team members and peers, and keep up with industry trends to ensure increased capacity to build models.

Your ability to effectively manage stakeholders across different functions is key.

A successful candidate will be a South African Citizen that hold at least an honours degree in Statistics, Business Mathematics and Informatics (BMI) or Mathematical Statistics or a related field with a minimum of 6 years’ experience in statistical model development or validation in a Business Banking or Investment Banking environment with process and people management experience preferred. Proficiency in Base SAS or SAS Enterprise Guide, SAS data steps, SAS procedures, SAS SQL, SAS Macros in order to develop statistical models required.

EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Head: CIB Regulatory Capital Model Development

Empowering Africa’s tomorrow, together…one story at a time.

Job SummaryLead the Corporate and Investment Banking (CIB) Regulatory Credit Capital Model Development team responsible for the development and continuous enhancement of the wholesale AIRB credit risk models (PD, LGD and EAD) from development, implementation, monitoring and governance lifecycle, as well as support functions around Credit Risk matters. Provide strategic thought leadership relating to additional models needed.

Job Description

Role description:

Lead the development of CIB regulatory credit capital models (PD, LGD and EAD) and methodologies, ensuring they are effective in assessing credit risk and comply with regulatory and ABSA requirements.
Manage a team of model developers, providing leadership, coaching, and development opportunities to team members.
Collaborate with other teams, such as risk management, finance, and business units, to ensure that credit risk models are integrated into the broader risk management framework.
Work with external vendors and consultants, as necessary, to ensure that the institution has access to the latest modeling techniques and data sources.
Monitor the performance of credit risk models and adjust, as necessary, to ensure their effectiveness.
Provide guidance and advice to senior management on credit risk modeling issues.
Provide training to stakeholders on credit risk regulations and credit risk models.
Ensure models are compliant with validation, testing and governance processes.
Stay abreast of regulatory requirements and industry best practices related to credit risk modelling.
Ensure successful implementation of models by assisting the model implementation team with technical and implementation testing support.

Qualifications and skills required:

Advanced degree (BSc Hons) in a quantitative field, such as mathematics, statistics, or mathematics in finance.
At least 10 years of experience in credit risk modeling, with a strong understanding of modeling techniques and methodologies.
Previous experience leading a team of model developers.
Knowledge of IRB regulatory requirements related to credit risk modeling, including Basel III/IV.
Strong analytical and problem-solving skills.
Excellent communication skills, with the ability to explain complex concepts to non-technical stakeholders.
Ability to work collaboratively with other teams and stakeholders.
Strong project management skills, with the ability to manage multiple projects simultaneously.

EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Click here to apply

All the best with your applications.