Risk Management Information Analyst

Empowering Africa’s tomorrow, together…one story at a time.

Job Summary

To deliver finance administrative support services through the execution of predefined objectives as per agreed standard operating procedures (SOPs).

Job Description

Key Accountabilities

1.Understand Absa Groups Financial Reporting processes, systems, controls, policies, and frameworks (5%)

• Develop an appropriate knowledge of the financial reporting systems and processes that operate across businesses within Absa
• Develop a working understanding of Absa’s Financial Reporting policies and risk management frameworks and the measurement of risk criteria.
• Maintain action trackers that form the basis for discussions and meetings.

2. Coordination of processes that supports External Financial Reporting Risk (FRR) and other MI (80%)

• Execution of processes as designed
• Execute on a robust FRR Governance process, including the consolidation of information and the production of management information for review by process owners
• Support the larger team in their monthly processes as well as other Financial Reporting risk processes. This includes production of statistics and other reports, maintenance of required static data.
• Support the monthly processes by providing data and reports that supports Financial Reporting Risk Management
• Coordination of Risk and Control Information and other control monitoring processes
• Scheduling of meetings and documentation of actions
• Perform user acceptance testing to systems where it impacts the reporting of FRR.

3. Provide inputs and execution of quality control and process improvements (15%)

• Constantly review, improve, and maintain own activities to enhance the effectiveness and efficiency of processes;
• Recommend areas for improvement to reduce cycle times;
• Improve process reliability and customer satisfaction;
• Assist in the implementation of new and/or enhanced processes;
• Identify activity-specific risks and work with Process Owner / Process Architect to mitigate risks;
• Maintain awareness of own activities and the impact thereof on related / interdependent activities.

Role/Person Specification

Knowledge and Skills

• Demonstrated basic accounting or financial reporting skills
• Understanding of basic financial reporting processes and related controls
• Ability to understand financial data
• Written communication skills
• Report writing skills and ability to summarise and highlight key points
• Intermediate MS Excel skills
• Intermediate MS PowerPoint skills

Education and Experience

• National Diploma in Finance/ Commercial Qualification;
• B degree / similar qualification in financial or related discipline; (Preferable)
• Approximately 1 to 3 years’ experience in finance, preferably in a financial institution
• Basic accounting or financial reporting skills / experience and understanding of trial balance and general ledger

Competencies

• Deciding and initiating action within ambit of responsibility
• Problem solving within ambit of responsibility
• Relating and networking
• Adapting and responding to change

Education

Further Education and Training Certificate (FETC): 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