Governance & Control Officer - FAK at Absa Bank Limited

Job Summary

• The purpose of this role is to ensure continuous remediation of the Combined Assurance Issues identified by various Assurance Providers, ensure proper policies are in place and perform quality assurance on their effectiveness, reporting on the various key risks and general strengthening of the control environment and Management Control Approach in First Assurance Company Limited.

Job Description

Risk Management

• G&C Manager will be responsible for consistent embedment for the Risk Framework.
• Management tools (Risk and Control Self-Assessment (RCSA), Risk Event Reporting, Key Risk
• Assessments, Risk Assessment for New Products Approvals, Product Reviews and Process/System Changes, and Regulatory Changes) within each of the Business area within the company.

Audit Management

• G&C Manager will be responsible for on-going engagement with Internal Auditors, External Auditors and oversight for audits within Business including audit readiness, audit result review, issues remediation tracking etc.
• Risk Metric/Dashboard Management: G&C Manager will be responsible to provide ARO.
• Management “One View” of the Risk and Control Environment within each business by defining and
• Implementation of the standards for risk based metric management including Key Risk Indicators, Key
• Risk Scenarios, Control Scorecard etc.

Control Issue Management

• G&C Manager will be responsible to define and implement across FA Business units the standards for control and issue remediation which are identified from RCSA, Management of Assurance Reviews, Audits, Risk Events, Policy-Dispensation, Waiver, Breach etc.

Combined Assurance Model

• G&C Manager will establish collaboration between 1st and 2nd Line of defence and assist in developing the combined assurance model across the First Assurance Business Departments.
• G&C Manager will be responsible to collaborate with Key Risk Owners (KRO) to ensure that Key risks are adequately controlled across their business/functions are adequately defined and measured.
• G&C Manager will have to ensure adherence to G&C Frameworks from AGL and develop standards in line with ever changing control environment.

Accountability: Strategy Development - Weighting: 20%

• Assist with developing a strategy for the Governance and Control Management function to achieve the strategic objectives set by FA Exco aligned to the overall business strategy of Group.
• Participate in the setting of the broader business strategy of FA to ensure it is aligned with the overall Governance and Control objectives of the Group.
• Ensure departments within FA undertake strategic planning that is mindful of Risk through regular engagement with the businesses.

Accountability: Governance and Control - Weighting: 60%

• Implementation and embedment across FA of the Operational Risk Frameworks for RCSA, Risk Events, Key Risk Indicators, Key Risk Scenarios, etc.
• Implementation and embedment of Risk Assessment process for New Products, Process / System Changes within FA.
• Define and embed tracking and monitoring of control issues (identified from RCSA, Management Assurance Reviews, Audits, Risk Events, Policy-Dispensation, Waiver, Breach etc.) across all business units.
• Define and Implement “One View” Dashboard of the Risk and Control Environment within each business.
• Ensure accurate and timely submission of Risk and Control reports to the appropriate Company Committees.
• Oversight of over adherence to controls across business.
• Support business with tools and templates to capture their risk data. Ensure that data is checked on consolidated for the department as well as for FA risk as a whole before submitting to Group Risk.
• Ensure that functional areas have adequate information to complete their control attestations at the required intervals.
• Review risk management information compiled and challenge members of the FA Exco on the controls they have in place to manage the risk down to within acceptable levels.
• Ensure that all expansion and integration activity within FA is conducted according to Absa Group minimum standards.

Accountability: Stakeholder Management - Weighting: 20%

• Maintain and develop awareness of risk management issues and changes across relevant business units.
• Challenge and assist Key Risk Owners in assessment of Key Risk in line with the existing control environment.

Education And Experience Required

• Business degree in Accounting, Finance or Business and Information Systems.
• 2+ years’ experience in internal/external audit or commensurate experience in a major financial institution or Audit firms
• Operational Risk Management, Assurance, Fraud and Compliance
• Experience and knowledge in banking, investments, and insurance.

Education

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