Financial Risk Analyst- AVP

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Job Summary

The job offers an opportunity to be an integral part of the Absa Group Risk: Enterprise Risk team. The jobholder will be part of the team that ensures that risk is identified, measured, reported and challenged to agreed standards across the Group.

Job Description

Accountability:  Risk analysis and Reporting

• Identify possible risks by staying abreast of economic changes, market movements and exposures.
• Perform risk monitoring against risk appetite limits, and ensure all controls are effective.
• Provide meaningful commentary to support risk analysis and provide relevant input to all governance forums where required.
• Develop and provide management information (MI) and reports as required by stakeholders as determined and agreed from time to time.
• Monthly risk reports to business and management
• Facilitate the compilation of reports by providing data and MI in a format that allows it to be utilized effectively to assist management in understanding the risk profile and assist in the decision-making processes.
• Produce reports for the various forums, committees (e.g. ERC, GRCMC) and others (e.g. Exco) as required.
• Ensure alignment across risk types in terms of risk reporting
• Ensure that risk reports are of a sufficient quality and high standard.
• All information/ data is presented as efficiently and effectively as possible.
• Results need to be accurately disclosed and restatements properly signposted.
• Automate the production of reports where relevant and continuously improve reports and implement best practices as relevant.
• Perform analysis of data to identify and report any trends that will assist in further improving the management of enterprise risk
• Perform benchmarking activities e.g. peer comparisons.
• Review and monitor the Bank’s financial statements, actual performance, and budgets.
• Continuously review and evaluate the bank’s portfolio and identify balance sheet optimization benefits that could strategically improve the banks management of financial resources.

 

Accountability:  Risk Appetite and Risk Profile

• Support the management of the risk appetite framework by ensuring that adequate governance is in place for the process.
• Assist in generating the risk appetite parameters and monitor the Bank’s budget and actual performance against it and report thereon.
• Co-ordinate and review annually the risk appetite setting for the preparation of the Group's risk appetite setting process.
• Continuously review the risk appetite performance related to risk to ensure no breaches have occurred.
• Support the provision of accurate, transparent and timely reporting to the Group Exco and the Board that compares the risk appetite set for the group and the businesses (by country, line of business, risk type and in aggregate where appropriate), against the actual risk profile of the firm under normal and stressed scenarios.
• Analyze the group’s risk profile to identify themes, potential concentrations and correlations between individual countries, lines of business and risk types.
• Analyze the potential impact of the macro-environment on the group’s risk profile (e.g. economic, political, social, competitor, technological and regulatory)
• Ensure group-level limits, thresholds, buffers and management action triggers are monitored and that breaches highlighted for response.
• Consider the impact of non-financial risks (e.g. compliance, audit and operational risk)
• Continuously look to improve the standards for reporting the group’s risk profile and risk data aggregation.
• Ensure effective controls are in place over the processes for reporting the group’s risk profile

 

Accountability: Stakeholder management

• Support the delivery and communication of strategic objectives for enterprise risk reporting to key stakeholders. This includes building and maintaining collaborative relationships with Key Risk Owners and other relevant stakeholders across the Group.
• Build effective collaborative working relationships/information flows with key stakeholders.
• Develop and maintain relationships with Risk teams and Treasury teams across the group.
• Engage with internal customers to manage their expectations and deliverables.
• Agree and manage service offerings and Service Level Agreements with internal customers [agree annually and measure monthly].
• Represent and actively participate in Group meetings related to risk management, change councils, operating model design areas and strategic planning forums.

 

Accountability: Continuous improvement and growth

• Stay abreast of knowledge and skills relevant to the level and area of work with particular focus on best practices.
• Consider internal and external influencing events, quantify the impact on the business and pro-actively find solutions.

 

Preferred Education

• B-Degree NQF Level 7
• BSc/MSc Degree Mathematics, Statistics, Actuarial, Risk Management, Accounting, Finance.

Preferred Experience

• At least 3 years’ experience in risk management, market research, accounting or related field.
• 2 years additional experience in business management will be preferred.
• Experience with regulatory and economic capital measurement techniques.
• High level of numeracy and lateral innovative thinker
• Experience working with excel modelling and ability to interact strategically with internal stakeholders

 

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