Senior Manager: Enterprise Risk at Absa Bank Limited

Job Summary

• A dynamic, evolving, and broad risk management role at the bank encompassing market, capital, liquidity, and enterprise risk.
• This role ensures a forward-thinking, agile approach to managing the bank's risk landscape effectively, with a strong focus on anticipating and addressing forward-looking risks. It requires a strategic thinker with strong mental agility and intellectual curiosity, capable of understanding and managing all risk types. The role holder will be self-driven, solution-oriented, with a strong drive to own and complete tasks and projects effectively.

Job Description

Key responsibilities

• Identify and evaluate capital, liquidity, market, and a wide range of enterprise risks, including forward-looking risks.
• Innovative process development in response to changing market conditions and emerging risks.
• Ensure the bank meets regulatory requirements and industry standards through effective monitoring and reporting.
• Continuously monitor risk exposures, including climate risk, stress testing, and scenario analysis, to ensure the bank is prepared for various risk scenarios.
• Provide clear and actionable risk reports to senior management.
• Define and communicate the bank’s risk appetite and tolerance, ensuring alignment with strategic objectives and adapting to emerging and forward-looking risks.
• Coordinate integrated planning efforts to align risk management with the bank's business strategies and objectives.
• Oversee the Internal Capital Adequacy Assessment Process.
• Report on optimal capital allocation and earnings volatility to ensure efficient and effective use of resources, financial stability, and resilience.
• Review and assess new product propositions for potential risks, ensuring they align with the bank's risk appetite and market demands.
• Build strong relationships with key stakeholders across the organization to ensure project success.

Role/person specification

Preferred Qualification

• Bachelor’s degree in accounting and finance, business, math, or science discipline.
• Professional accounting qualification is an added advantage.
• Advanced degree (MBA, MSc) is an added advantage.

Preferred Experience

• Minimum of 12 years of financial industry experience in markets, treasury, risk, and/or product control, with at least 5 years in a leadership role.
• Proven track record in managing and executing enterprise-wide projects within a large, complex organization.
• Experience in agile environments and dynamic risk management practices.

Knowledge and Skills

• Proficiency in identifying, assessing, and managing a wide range of risks, including market, capital, liquidity, and other enterprise risks.
• Strong understanding of Balance Sheet and P&L, financials analysis, capital planning, and liquidity management.
• Exceptional analytical skills to evaluate complex risk data, perform scenario analysis, and stress testing.
• Knowledge of regulatory requirements and standards, with the ability to ensure compliance and navigate regulatory environments effectively.
• Strong problem-solving, and decision-making skills to develop innovative solutions for mitigating risks and addressing emerging challenges.
• Ability to make informed, data-driven decisions under pressure.
• Agility to adapt to changing work demands, market conditions, regulatory landscapes, and emerging risks.
• Ability to work collaboratively with across business functions to ensure a comprehensive approach to risk management.
• Ability to drive change and foster a culture of continuous improvement and innovation within the risk management function.