With the broadening and increasing mandate of Barclays Africa CIB across the African continent, coupled with the ongoing changes in the regulatory landscape, a single-minded approach to supervisory risk and controls is essential in ensuring that there’s uniformity and alignment within BAGL CIB. Consequently, a BAGL CIB Front Office Risk & Controls function has been established to support the Front Office businesses on how the relevant supervisory risks and controls are managed.
The Front Office Risk & Control Specialist will be responsible for managing and maintaining the supervisory framework for the respective Front Office businesses.
Ensure that the Hierarchical mapping of supervisors and their constituents with upwards of 50 supervisory attributes captured (e.g., Trader mandate requirements, registrations, MBL applicability) and ensure that the supervisory roster or equivalent is updated accordingly.
The Front Office Risk and Control Specialist will partner with the Front Office business and other key stakeholders across the three lines of defence to design, develop, implement and maintain an efficient and effective control environment.
Design and produce MIS reports to track and report various Control objectives and programs
Embedment and roll out of the Conduct Risk Framework across IB and Client Engagement businesses.
Compilation of the Conduct Material Risk Assessment (CMRA) and continuous tracking of actions d report various Control objectives and programs
The Front Office Risk and Control Specialist will carry out the function of independently testing the risk, control and governance framework within the Front Office on behalf of management.
Evaluate and evidence the extent to which internal controls are operating effectively; ensure that risk is being effectively managed and that there’s compliance with laws and regulations including the Firm’s policy and procedures.
Contribute effectively, efficiently and professionally on all product related activities with all stakeholders within Absa Group while assessing opportunities to develop new products.
Effectively communicate developments within areas of activity to all relevant internal and external stakeholders.
Ensure that clarity on supervisory ownership is provided regarding the Supervisory Framework engagement responsibilities
Work closely with Global Supervisory/ Compliance/ legal to understand pending regulations and determine impact on supervisors
Consider engagement reports obtained from business and translate them into less complex executive summaries to be discussed at the Supervisory meetings
Prepare, distribute and present business unit risk and control analysis to the relevant Management Committees.
Work with the team to achieve excellent business results through continuous people development and mentoring activities.
Ensure the development of a high-performing team through embedding formal Performance Development and informal coaching.
Education and Experience Required
Excellent academics including a degree and preferably a postgraduate qualification
5+ years detailed front office knowledge and experience aligned to Banking, Corporate, and Client Engagement & Trading.
5 years (Technical/ Managerial) experience
Strong communication and stakeholder engagement skills, negotiations and influencing at Senior Executive level
Robust understanding of the current regulatory environment that CIB operates in
Proven experience on risk control related initiatives affecting Front Office
Knowledge & Skills:
Ability to deal with senior executives
Excellent work ethic and precise attention to detail.
Ability to take initiative and to take ownership of projects.
Ability to work independently with minimal supervision.
Ability to communicate simply and effectively and work well in a team
Ability to share ideas, listen and take on board other’s ideas
Willingness and desire to learn and grow
This appointment will be made in line with the Divisional Employment Equity Strategy