Business Risk Officer at Absa Group Limited (Absa)

Job Summary

• We are seeking a dedicated and experienced Business Risk Officer to direct and manage the overall risk management process within our specific Business Units. This role is consistent with Absa Africa Risk and Group Risk Management policies and requires operational risk experience with payments, data risk, data analytics and an understanding of fraud and cyber risk.

Job Description

Key Responsibilities: 

• Contribute to the development of Group Methodology and implement and maintain the risk management process. 
• Conduct ad-hoc risk assessments, sign-off on new products and initiatives, and get involved in special investigations. 
• Define the Risk Appetite and Tolerance for the various risks faced in collaboration with the business and ensure that Key Risk Indicators are monitored and actively managed. 
• Ensure that employees are adequately equipped to fulfill the various risk-related roles they play, and that the appropriate risk governance structures are in place. 
• Monitor and report on risk issues and on the overall risk profile of the business. 
• Roll-out Group Risk Initiatives. 

Education and Experience Required: 

• Business degree or equivalent NQF level 6 – Essential 
• Business-oriented bachelor’s degree [e.g. Accounting, Law, Business Management, etc.] – Preferred 
• 5-7 years’ experience in the relevant business sector. 
• 2 years’ experience in a risk management discipline. 
• it would be beneficial if you have experience/exposure to risk management in other African Markets (besides SA)

Education

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