New Job Vacancy at ABSA Bank Limited Tanzania - Head of Governance and Assurance
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| ABSA Group Limited |
Jobs in Tanzania 2020: New Jobs Vacancies at ABSA Group Limited 2020
About Us
Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.Recommended:
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
Position: Head of Governance and Assurance
Location: Absa House - ABT
Bring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned 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.
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The role entails improving the bank's operations and ensuring it complies with major regulations by carrying out thorough assessment and improvement on the effectiveness of the bank's control, risk management, and governance processes. This role is 1st Line of Defence which needs to conduct reviews of potential risk areas and identify reportable issues. Monitor and provide advice to management to minimize risk resulting from poor internal controls. Identify areas of financial and administrative strengths and weaknesses and develop best practices.Recommended:
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Job Description
- Establish and operate proper governance.
- Develop and implement Standards and Procedures.
- Propose and agree risk appetite and supporting limits with the second line of defence.
- Identify and manage risks in the activities and critical processes in which they are engaged, in line with the approved appetite and agreed limits.
- Support and continued enhancement of Governance and Control Framework within the bank through working closely with 2nd and 3rd LOD , identifying emerging risks and hotspots across the bank and administering the monthly Governance & Controls Committee.
The job role holder with his Governance and Assurance team as first line have primary responsibility for their risks, including:
- Identifying and managing all the risks in the activities and critical processes in which they are engaged, and developing appropriate standards, procedures and controls to govern their activities;
- Operating within any and all limits which Risk, Legal and Compliance functions establish in connection with the Risk Appetite of the ABT.
- Escalating risk events to senior managers and to Risk, Legal and Compliance.
The 1st LOD must establish its own controls to mitigate risks, particularly with respect to critical processes and operational activities, and are required to manage all controls to specified tolerances. These control-related activities are considered first line and are permitted so long as they are within any applicable limits established by Risk, Legal or Compliance. All activities in the first line are subject to oversight from the relevant parts of the other two lines of defence.
The first line may establish Standards (subject to the Policy of Policies) where first line management deem it necessary.
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Education
- Bachelors Degree and Professional Qualifications: Risk Management (Required)
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