Head of Combined Assurance: Personal and Private Banking; VP - Senior Manager: Risk Job Johannesburg area,South Africa,Management

Position: Head of Combined Assurance: Personal and Private Banking (VP - Senior Manager: Risk)

Overview

Empowering Africa’s tomorrow, together…one story at a time. With over 100 years of history and a local bank with regional and international expertise, a career with our family offers the opportunity to be part of growth, reset our future and shape our destiny as a proudly African group.

Job Summary

To develop tactical strategy and delivery plans, formulate associated practice and to ensure operational implementation and adoption across a single practice in terms of risk methodology, governance and delivery objectives. Specifically, the Personal and Private Banking (PPB) Head of Combined Assurance will be in charge of a pro-active and comprehensive combined assurance agenda across all lines of defence, spanning the entire Personal and Private Banking.

This includes transforming the function to a future-fit capability, and is accountable for the conformance testing agenda in Personal and Private Banking.

Job Description

To develop tactical strategy and delivery plans, formulate associated practice and to ensure operational implementation and adoption across a single practice in terms of risk methodology, governance and delivery objectives. Specifically, the Personal and Private Banking (PPB) Head of Combined Assurance will be in charge of a pro-active and comprehensive combined assurance agenda across all lines of defence, spanning the entire Personal and Private Banking.

This includes transforming the function to a future-fit capability. Furthermore, accountable for the conformance testing agenda in Personal and Private Banking.

Key accountabilities

Strategy and Governance: (10%)

Set the Personal and Private Banking strategy and framework for combined assurance.
Lead the combined assurance agenda for the Personal and Private Banking business unit.
Monitor execution and delivery in line with the combined assurance strategy and ensure appropriate turnaround of delays and deviations.
Establish, manage, and optimise an effective senior Combined Assurance Forum for the Personal and Private Banking business area, including the definition of an appropriate terms of reference and identification and selection of committee members.
On a periodic basis, chair and shape the agenda of the Combined Assurance Forum for Personal and Private Banking, where the current status of the plan is discussed in the context of the combined assurance focus areas. Facilitate a discussion on any proposed changes to the plan and cover the results of assurance activity and the impact of this on the risk profile, including the articulation of any emerging risks.
Drive conformance to the Combined Assurance Policy, Assurance Standard, and any related assurance methodologies as defined by Absa Group Limited.
Proactively manage requirements and priorities of all stakeholders to deliver on the combined assurance priorities.
Apply the highest standards of risk and control management practices and behaviours.
Embed a positive risk and control culture across Personal and Private Banking.

Strategic Transformation of Combined Assurance: (15%)

Strategically lead the transformation of the combined assurance function across all assurance providers and lines of defence in Personal and Private Banking. Through a consultation process and subsequent, measured, and deliberate effort:
Shape assurance activity to ensure more coverage, with less intrusive audit procedures, e.g., testing of algorithms, continuous monitoring, indicators, etc.
Design a combined assurance ecosystem where quick decisions are made to change direction if the underlying factors require changes to the plan.
Work with Group teams and drive automation of combined assurance execution and management.
Drive the automation of controls assurance across Personal and Private Banking in line with Absa processes, frameworks, policies, and standards, as well as industry best-practice approaches to ensure that outcomes of automated assurance can be relied upon by all assurance providers.
Continuously stay abreast of industry developments and learning on the topic of combined assurance and shape the PPB agenda and capability as appropriate.
Assess Personal and Private Banking capability and design…


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