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 this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job SummaryThe Risk and Capital Management Specialist is vital in identifying and responding to regulatory change and updates to the credit risk (SACCR and CVA) regime while ensuring the highest internal standards and governance are adhered to. This person must continuously seek ways to contribute to delivery of the business. He/She will be responsible for the regulatory reporting and the implementation of SACCR and CVA capital models, as well as ensuring that control and governance requirements are met. The individual must ensure that best practices are in place through efficient and scalable processes.
Job DescriptionAccountability: Market and Valuation Risk OversightGovernance and ControlUnderstand and comply with all applicable governance, compliance and risk policies and procedures, ensuring that the relevant documentation is in place.Risk EvaluationIdentify market, regulatory or other developments which may affect market and valuation risk models and methodologies.Understand the intricacies of new regulatory approaches so as to develop and implement appropriate models and advise business on impact on the potential risk-weighted returns.Risk Monitoring and MeasurementMonitor changes in regulations and legislation and ensure firm is informed and educated on relevant topics by taking responsibility for rolling out necessary changes.Understand the drivers behind regulatory changes.Review existing measurement methodologies and recommend improvements where necessary.Establish an appropriate risk reporting and monitoring framework, ensuring businesses are aligned to governance framework and defined risk appetite.Accountability: Capital ManagementEnsure that appropriate models are used for accurate capital calculations for both regulatory and management purposes.Responsible for reporting an accurate EAD component of the SACCR and CVA calculations, including understanding drivers, inputs into the calculations, counterparties specific structures, adjustments to the calculation.Establish and maintain selective daily / monthly / quarterly risk and capital measurement and forecasting processes.Accountability: Projects and InnovationDrive enhancements of processes by measuring the effectiveness of all procedures. Review existing measurement methodologies and recommend improvements where necessary.Implement best practices as relevant and proactively find value-adds to the business and timely respond to business needs.Be part of the process to bring regulatory capital pricing drivers into markets trading decision-making.Accountability: Stakeholder and Relationship ManagementLead by example in building strong relationships.Establish and nurture influential relationships with a wide network across the organization in order to identify synergies and optimally leverage relationships, knowledge, services and resources to provide superior solutions.Timely escalation of potential issues to relevant stakeholders.Education and Experience Required:Post Graduate qualification in Commerce, Finance, Risk Management, Statistical or Mathematical essential2+ Banking Regulatory experience (SACCR, CVA and credit risk RWA's)Knowledge & Skills:Knowledge of capital risk measures related to SACCR and credit risk RWA'sKnowledge and understanding of investment bankingStrong understanding of financial instrument and risk across banking and trading spectrumUnderstand middle and back office operations and supporting infrastructure and risk management processesGood communication (written and oral) and documentation skillsAble to adhere to strict governance and control procedures, including both internal and external requirementsProblem solving skills - able to solve problems into their components and identify innovative and practical solutionsCapability and ability to assimilate new information (able to deconstruct problems into their components and identify innovative and practical solutions)Able to collaborate effectively across teams to solve complex problemsTakes initiative for problem solving, has an excellent work ethic, able to effective and efficient in carrying out their deliverables given the tight daily timelines for reporting.Understands BCBS 329 requirements, has a strong control and governance mindset.Automation skills (Power BI, Python, VBA)EducationBachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised.
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