Time left to apply: End Date: October 7, 2024 (3 days left to apply)
Job Requisition ID: R-15968011
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 Summary The purpose of the role is to coordinate relevant business unit Capital Management within the CIB capital management team. The main focus area of Capital Management is capital demand management and risk adjusted performance metrics.
Job Description Accountability: Delivering superior returns
Partner with business to ensure reliable and relevant capital information is provided.Ensure the above objective is achieved within the approved Regulatory Constraints and Risk appetite, with a particular focus on capital.Maintain Capital Optimization Key Performance Indicator (KPIs) within these above two objectives and implement measurement and gap analysis by business clusters.Drive Capital Management Optimization initiatives.Provide decision support that is business enabling and solution orientated.Partnering with business on financial outcomes of decisions, with pro-active identification of value destroying behavior.Review current developments, internationally and nationally.Accountability: Drive for Efficiency and Scalability
Ensure applicable Capital management frameworks are implemented and maintained at relevant business unit level to support the capital optimization process.Drive the change management requirements of capital management.Maintain all prototype solutions to maintain the capital optimization framework.Calculating and monitoring the risk adjusted performance metrics for each relevant business unit business area.Provide challenge to each business area on the opportunities to maximize the return on capital demand.Provide input on into various Committee meetings including the Fincom and Treasury committee.Preparation of MI for effective decision making.Accountability: Capital and Risk Management
Ensure adherence to capital management policies and limits.Introduce management measures to ensure Capital optimization KPIs are maintained and driven to success across relevant business units.Manage appropriate action plans are put into place to close gaps identified, as part of the existing MTP and strategic planning process.Keep the relevant business unit Exco informed and engaged through treasury committee and outside of that as and when required.Keep management informed of progress in Capital optimization processes.Engage relevant business unit Exco through cluster capital management committee or Alco and also directly with cluster teams and personnel.Education and Experience Required
Chartered Accountant or Qualified Actuary or Master in Business Administration (MBA) or equivalent NQF level 7 qualification or higher.Seven (7) years' experience within strategic fields within banking, covering Treasury or Balance Sheet Management, at a senior level.Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and the Internet.Knowledge & Skills:
Excel (Advanced)Powerpoint (Advanced)Regulatory Environment (Advanced)Balance sheet management (Advanced)Project Management (Advanced)Prototype development (Advanced)Competencies:
Entrepreneurial and commercial thinking.Leading and supervising.Adhering to principles and values.Relating and networking.Formulating strategies and concepts.Deciding and initiating action.Creating and innovating.Education Postgraduate Degrees and Professional Qualifications: Financial Sciences (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.
About UsTruly AfricanWe 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.
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 offices in China, Namibia, Nigeria, the United Kingdom and the United States of America, a Technology Hub in Prague, and insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
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