Senior FRM Specialist

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

Job Summary

The role is two-fold within CIB:
• Manage financial resource management initiatives. The main focus is to:
o Ensure optimal and efficient allocation and usage of scarce financial resources (capital, funding and leverage exposure) across the CIB Pan.
o 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).
o Further responsibilities include advisory services to Business, Risk, and Finance.
• Manage and analyse the impact of upcoming regulation that has the potential to impact the availability of financial resources within the CIB Pan. Given the potential impact, develop an appropriate regulatory strategy for CIB across ALM, Liquidity, Capital and Balance Sheet and create thought leadership capability. This view will also 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, with a particular focus on integrated plans, pricing tools and new product approval processes. Partner with business and advise on financial outcomes of decisions, with proactive identification of value-generating and destroying behaviour.
  • Provide support to each business area on the opportunities to maximise risk adjusted returns egProfit after Capital Cost (PARCC) in particular, which includes integrated business plans, pricing tools and new product approval processes.
  • Provide input into various cluster level committee meetings and source and prepare MI for effective decision making.
  • Ensure the above objective is achieved within the approved regulatory constraints and Risk Appetite, with a particular focus on capital, funding and leverage.
  • Ensure adherence to financial resource policies and limits.
  • Manage appropriate action plans to close gaps identified as part of the existing finance and strategic planning process.

• Research and Regulatory Strategy
  • Conduct general research into the financial sector by sourcing information from various sources, including regulators, analyst research and public disclosures, in order to understand the factors that influence banking performance and the utilisation of financial resources.
  • Research targeted companies and economic trends both locally and internationally.
  • Obtain, read and analyse research from research houses (debt and equity) for possible investigation and investment ideas.
  • Perform and coordinate multiple concurrent research projects and produce outputs for various stakeholders.
  • Continuously evaluate the external environment, specifically upcoming regulatory changes (prudential, conduct and market infrastructure), and assess the impact on the area’s activities and availability of financial resources. Where required, discuss any changes which will result in an overall strategic impact with stakeholders and thereafter make agreed amendments to plans.
  • Assist where appropriate in regulatory advocacy efforts.
  • Produce research without supervision.
  • Be recognised as a regulatory change impact and strategy expert on financial resource management.
  • To support training/socialisation initiatives to ensure that regulatory risks/opportunities are factored into the company’s commercial strategic decisions.
  • Proactive identification and management of regulatory risks and opportunities that may affect applicable businesses, regulatory projects or regulatory issues of group wide significance;

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