Overview
Head of Combined Assurance: Banking Jobs in Johannesburg, South Africa at Absa Group Limited
Position: Â Head of Combined Assurance: Everyday Banking
Head of Combined Assurance:
Everyday Banking
Empowering Africa’s tomorrow, together…one story at a time.
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 thisexcitinggrowth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
Responsible for leading a proactive and comprehensive combined assurance agenda across all lines of defense within Everyday Banking, ensuring coverage spans the entire business. This includes driving the transformation of the function into a future-fit capability. Additionally, the role entails accountability for the conformance testing agenda in Everyday Banking. The ideal candidate will have proven experience in the management and execution of assurance reviews, data analysis for management reporting and decision-making, designing and driving the implementation of assurance automation projects, as well as extensive executive committee reporting and governance experience, including chairing of key meetings and forums.
Job Description
In charge of a pro-active and comprehensive combined assurance agenda across all lines of defence spanning the entire Everyday Banking, including transforming the function to a future fit capability. Furthermore, accountable for conformance testing agenda in Everyday Banking.
Governance and Assurance: (40%)
Lead the combined assurance agenda for the Everyday Banking Business Unit:
Compile a comprehensive combined assurance plan for EB, by consulting with all assurance providers across the 3 lines of defence and:
Map the plan to Critical Process Assessments (CPAs) to ensure coverage of key controls in EB.
Consider material Risk and Control Self-Assessment (RCSA) controls identified across the value chain.
Consider the results of previous assurance.
Consider material change projects which require assurance.
Consider emerging risks.
Continuously consider the appropriateness of the plan and drive changes to the plan by influencing other assurance providers’ plans in real time where any changes to these elements occur.
On a periodic basis, Chair and shape the agenda of the combined assurance forum for EB, where the current status of the plan is discussed in the context of these elements, and facilitate a discussion on any proposed changes to the plan. In addition, cover the results of assurance activity and the impact of this on the risk profile.
Drive conformance to the assurance standard.
Strategically lead the transformation of the combined assurance function across all assurance providers and lines of defence in EB. 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.
Shape assurance activity to ensure appropriate sequence of testing across the lines of defence, led by 1st line.
Shape assurance activity to avoid duplication and avoid saturation of audit activities in areas in the business unit at any point in time.
Shape the assurance plan to one which assigns the activities to the most appropriate assurance provider, internal or external.
Become pro-active in driving the combined assurance agenda as …
Title: Head of Combined Assurance: Banking
Company: Absa Group Limited
Location: Johannesburg, South Africa
Category: Quality Assurance – QA/QC, Management
