time left to apply End Date: January 6, 2025 (23 days left to apply)
job requisition id R-15970214
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 role is two-fold within CIB:
- Manage financial resource management initiatives:
- Ensure optimal and efficient allocation and usage of scarce financial resources (capital, funding and leverage exposure) across the CIB Pan.
- Facilitate the optimisation of value-aligned performance measures (Primarily Profit after Capital Cost and Return on Capital) based on the plans for relevant cluster(s) and business unit(s).
- Further responsibilities include advisory services to Business, Risk, and Finance.
- Manage and analyse the impact of upcoming regulation:
- Develop an appropriate regulatory strategy for CIB across ALM, Liquidity, Capital and Balance Sheet and create thought leadership capability.
- Support lobbying initiatives and feedback on plans to optimise the impact thereof.
Job Description
Key accountabilities
- Financial Resource Management
- Obtain and monitor the risk-adjusted performance metrics and financial resource usage for each relevant business unit area.
- Maintain and run financial resource management prototype financial solutions to support financial resource management frameworks.
- Support business on the efficiency of the funding profile.
- Support financial resource optimisation initiatives and provide support for capital allocation requests in plans according to these initiatives.
- Provide decision support that is business enabling and solution orientated.
- Provide challenge to each business area on the opportunities to maximise the returns on financial resources, focusing on integrated plans, pricing tools and new product approval processes.
- Provide support to each business area on maximising risk-adjusted returns, particularly Profit after Capital Cost (PARCC).
- Provide input into various cluster level committee meetings and source and prepare MI for effective decision making.
- Ensure objectives are achieved within approved regulatory constraints and Risk Appetite, focusing on capital, funding and leverage.
- Ensure adherence to financial resource policies and limits.
- Manage action plans to close gaps identified in the finance and strategic planning process.
- Research and Regulatory Strategy
- Conduct general research into the financial sector from various sources to understand factors influencing banking performance and financial resource utilisation.
- Research targeted companies and economic trends both locally and internationally.
- Obtain, read and analyse research from research houses for investment ideas.
- Perform and coordinate multiple concurrent research projects and produce outputs for various stakeholders.
- Continuously evaluate the external environment, specifically upcoming regulatory changes, and assess the impact on the area’s activities.
- Assist in regulatory advocacy efforts.
- Produce research without supervision.
- Be recognised as a regulatory change impact and strategy expert on financial resource management.
- Support training initiatives to ensure regulatory risks/opportunities are factored into commercial strategic decisions.
- Proactively identify and manage regulatory risks and opportunities affecting applicable businesses or regulatory projects.
Education
Bachelor`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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