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- Tasks: Lead risk management and governance for our Investment Banking Division across Africa.
- Company: Join a century-old bank committed to empowering Africa's future with local and international expertise.
- Benefits: Enjoy career development support, flexible work options, and a vibrant company culture.
- Why this job: Shape the future of banking while making a real impact on Africa's growth journey.
- Qualifications: Bachelor's degree in Business, Commerce, or Management required; experience in risk management preferred.
- Other info: Be part of a dynamic team driving strategic change and innovation in the banking sector.
The predicted salary is between 43200 - 72000 £ per year.
Empowering Africa’s tomorrow, together…one story at a time. With over 100 years of rich history and a strong position 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.
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.
We are seeking a seasoned Risk Specialist who will be accountable to the IBD COO. The role involves implementing and embedding the Risk, Governance, and Control Framework and related policies to ensure effective management, review, and reporting of all risk items across Pan Africa for the Investment Banking Division. The key purpose is to provide leadership, develop, and monitor robust processes and controls across IBD, ensuring alignment with continental regulators and existing Absa policies, standards, and procedures. It also involves managing the risk profile and performance in an integrated manner across various businesses.
- Accountability: Strategic and Change Agenda
- Participate with the IBD Manco team in defining the Change agenda, focusing on IBD’s risk appetite.
- Ensure that the risk profile aligns with the broader Change agenda.
- Identify key strategic drivers for the Business Unit's risk function annually.
- Review and guide the Business Unit Risk Appetite and risk strategy.
- Accountability: Manage Risk Activities
- Lead the implementation of various Risk Frameworks and Target Operating Models.
- Manage risk and related governance and reporting activities within the Business Unit.
- Support executives in resolving, remediating, and closing risk items.
- Assist Desk Heads in their supervisory and risk management responsibilities.
- Provide proactive support on assurance requirements and directives.
- Oversee cross-functional risk programs and initiatives.
- Enhance risk management practices through tools, guides, and awareness programs.
- Accountability: Stakeholder and Relationship Management
- Develop and maintain relationships with stakeholders such as Audit, TM, TA, Trading, Compliance, COO, and Desk Heads.
- Accountability: Performance Monitoring and Reporting
- Represent the Business Unit in risk reporting and management information requirements.
- Coordinate standardized submissions and verify data accuracy.
- Implement tracking frameworks and dashboards for risk metrics and action plans.
- Host regular scorecard sessions for transparency and prioritization.
- Accountability: IBD Control Environment
- Develop and embed the overall control environment to manage operational and conduct risks.
- Ensure compliance with regulations and internal standards.
- Forge strategic alliances with key independent parties to ensure robust processes.
- Manage ad hoc projects related to risk and control enhancements.
- Accountability: Strategy Formulation and Execution
- Ensure an integrated risk management framework across all presence countries.
- Implement effective governance of significant risks and opportunities.
- Collaborate strategically across regions and influence risk culture within the first line.
Education: Bachelor's Degrees and Advanced Diplomas in Business, Commerce, and Management Studies (Required)
Chief Risk Officer employer: Absa Group
Contact Detail:
Absa Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Risk Officer
✨Tip Number 1
Network with professionals in the risk management field, especially those who have experience in investment banking. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in risk management.
✨Tip Number 2
Familiarise yourself with the specific risk frameworks and governance structures used in the investment banking sector. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 3
Prepare to discuss your leadership style and how you have successfully managed risk in previous roles. Be ready to provide examples of how you've implemented risk strategies and improved processes in a team setting.
✨Tip Number 4
Research Absa's values and recent initiatives related to risk management. Tailoring your discussions around their specific goals and challenges will show that you're not just interested in the position, but also in contributing to their mission.
We think you need these skills to ace Chief Risk Officer
Some tips for your application 🫡
Understand the Role: Before applying, take time to thoroughly understand the responsibilities and expectations of the Chief Risk Officer position. Familiarise yourself with the key accountability areas such as risk management, stakeholder relationships, and performance monitoring.
Tailor Your CV: Craft your CV to highlight relevant experience in risk management and governance. Emphasise your leadership skills and any previous roles that involved strategic decision-making or compliance with regulations.
Write a Compelling Cover Letter: Your cover letter should reflect your passion for the role and the organisation. Discuss how your background aligns with the company's mission and how you can contribute to their growth journey in Africa.
Showcase Relevant Skills: In your application, make sure to showcase specific skills that are crucial for the role, such as analytical thinking, relationship management, and the ability to implement risk frameworks. Use examples from your past experiences to illustrate these skills.
How to prepare for a job interview at Absa Group
✨Understand the Risk Landscape
Familiarise yourself with the current risk management frameworks and regulations relevant to the investment banking sector. Be prepared to discuss how these frameworks can be implemented effectively within the organisation.
✨Showcase Leadership Experience
As a Chief Risk Officer, leadership is key. Prepare examples of how you've led teams in managing risk and implementing governance frameworks. Highlight your ability to influence and collaborate with various stakeholders.
✨Demonstrate Strategic Thinking
Be ready to discuss your approach to aligning risk appetite with business strategy. Think about how you would identify strategic drivers for the risk function and how you would communicate these to the IBD Manco team.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think on your feet. Prepare for scenarios where you need to resolve risk-related issues or enhance risk management practices. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
