Business Assurance Specialist

Job Description

RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact. United by our proud heritage, strong ethics and philosophy of Traditional values. Innovative ideas, it’s the magic of our people and culture that sets us apart. Now, it is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2025, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society.

Purpose of the Role

To utilise knowledge and experience of control frameworks and the business environment to identify and assess risk and the resultant adequacy of controls. To work and collaborate with stakeholders across the lines of defence in navigating complex risk and enhancing business assurance practices.

Responsibilities

• Understand the control framework.
• Assist with the development of an assurance plan through consultation with the respective management teams and various assurance providers.
• Implement and maintain the Bank’s risk management framework across the First Line of Defence (1LOD) within wider bank operations, working closely with 2LOD colleagues to achieve this.
• Collaborate with 1LOD colleagues to ensure that the Bank’s risk management framework is understood and adhered to, providing support where needed.
• Assist with the design and ensure the execution of approved sampling techniques, testing strategies on assurance reviews.
• Perform testing and evidencing of control effectiveness to give assurance that the risks are controlled in a proportionate way.
• Conduct detailed investigations, for, and on behalf of team leadership to accurately identify breakdowns and resultant risk, and to understand the extent of the impact.
• Actively engage in the improvement and automation of manual tasks, strengthening the control fabric and enhancing the overall control environment.
• Assist with the development, introduction and implementation both new and enhanced control methods to improve the risk environment, making use of local and global leading practices.
• Ensure that risk mitigation controls are embedded and assess the adequacy of the controls by quantifying a reduction of risk.
• Act in alignment with operational risk management frameworks to reactively and proactively manage risk, over and above engaging in the relevant risk reporting.
• Identify and assess new or emerging risks as internal activities or the external environment changes.
• Draft high-quality reports with observations which are insightful, addressing the root cause, have agreed actions that mitigate the risk and facilitate the remediation of issues until closure.
• Assist with the oversight of relevant regulatory reporting and monitoring, ensuring processes are current and take accountability to produce regulatory reporting within timeframes when contacted by the regulator.
• Assist with the management of reviews which include but not limited to external audit, internal audit, facilitating audit visits, information requests and tracking outstanding actions to completion.
• Assist with the completion of all governance and group credit attestation and submission to centre on a regular basis.
• Participate in and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared.
• Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies.

Qualifications

You Will Have Access To

We Can Be a Match If You Are

Seniority Level

Mid-Senior level

Employment Type

Full-time

Job Function

Accounting / Auditing and Finance

Industries

Banking

Job Details

Submission deadline : 27 / 10 / 2025. All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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