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
To assess, monitor and manage sovereign and country risk of the jurisdictions the bank takes risk in. The qualified candidate will join the Absa Group Limited Country and Sovereign Risk team, which is part of the Group Credit Risk unit.Job Description
Key Accountabilities:
- Focus on country and sovereign risk portfolio management
- Enhance and manage country & sovereign risk governance related matters including engagements with external bodies (i.e. banking associations.)
- Manage and consolidate trigger frameworks as well as the associated actions.
- Develop and maintain information & research sources relevant for country and sovereign risk management.
- Coordinate the embedment of the bank’s strategy, priorities and targets within the country risk team.
- Ensure operational and administrative efficiencies are achieved within the team.
- Support the Head of Country & Sovereign Risk with implementation of frameworks, models and policy enhancements.
- Develop systems and processes to track adherence to sanctions conditions.
- Develop and provide input for (country and sovereign) risk models (i.e. understanding sovereign PD models) as well as giving input in deal structuring to mitigate risks.
- Manage limits and exposure data of the portfolio, ensure accurate and efficient reporting.
Preferred Experience:
- Manager in risk or economic research (in a financial sector entity) field.
- Country and sovereign credit risk analytics
- Understanding of country, credit and market risk
- Experience in a similar environment at Financial Institutions, Multilateral Institutions, Research Companies, Rating Agencies, etc.
- Experience with working on bank limits and exposure data
- Economic Research and Report Writing
- Understanding of sovereign ratings and Loss Given Default models
- Knowledge of banking products and operations
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
Absa Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Absa Group and has not been reviewed or approved by Absa Group.
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Healthcare Strength — Medical aid, group life, disability, and funeral cover are described as comprehensive, with features such as terminal‑illness advances and beneficiary grocery benefits. Wellness and assistance offerings support overall financial and personal wellbeing.
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Retirement Support — A pension fund and group retirement arrangements are positioned as core benefits within fixed remuneration. Retirement coverage is embedded alongside other protections as part of standard employment.
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Equity Value & Accessibility — Employee share‑ownership (eKhaya) and equity‑linked awards broaden wealth‑sharing, with dividends or cash‑equivalent participation in some markets. This provides longer‑term value beyond base pay.
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What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond. We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
