Capital Analyst at FirstRand Group

Purpose

• FirstRand Limited (FirstRand) is the holding company of the FirstRand group of companies. These companies are engaged in diverse financial services activities in the areas of retail, corporate, investment and merchant banking, asset and property management.  The capital management team is responsible for managing the group’s capital to ensure sustainability and growth. This includes targeting the optimal level and composition of capital within risk appetite in a manner that maximises shareholder value and gives comfort to a range of stakeholders. This unit is also responsible for monitoring of capital adequacy across the group. The capital management unit offers an exciting opportunity to an energetic individual to join the unit as capital analyst with exposure to capital management for all legal entities covering banking, insurance, asset management and other (unregulated entities).

Experience and Qualifications

• Relevant Chartered Accountant or finance degree
• High proficiency in Advanced Excel, PowerPoint and Word, and possess excellent communication skills (particularly written) and good organisational abilities.
• HFM experience beneficial.
• Understanding of banking and insurance regulations beneficial.
• This job will frequently require working to tight deadlines and will often involve working overtime. S/he must be able to work innovatively in his/her effort to add the maximum value to the role. This person must also be motivated to take on multiple tasks, remain calm under pressure and manage time well. Due to the nature of the work, confidentiality and ethics are of utmost importance

Additional Requirements

• Good analytical and evaluative skills in tasks, computer proficiency and attention to detail.
• Good written and oral communication skills.
• Team player and ability to multitask, and ensuring deadlines are met.
• Self-starter/able to work independently.
• Commitment and accountability.
• Have great interpersonal skills.
• Understanding of the FirstRand group structure.
• Proactive in driving one’s growth and development.
• No Referral plan is assigned to this job

Responsibilities

• Regulatory reporting for FirstRand Limited, FirstRand Bank Limited and its regulated subsidiaries.
• Analysis of current bank regulations (home and host) as well as proposed regulations.
• Regulatory interpretation and application to proposed group structures/transactions.
•   Internal reporting
• Management reporting to internal governance and strategic forums (ALCCOs, FRMs, Excos, etc)
• External reporting (semi-annual and quarterly) including results booklets, annual reports, standardised disclosures, Pillar 3 and   prompt sheets).

  Other initiatives include:

• PA’s quantitative impact studies and transition to the final Basel reforms (reporting and implementation)
• Competitor analysis.
• Capital planning: issuances and redemptions in line with capital management strategy.
• Project relating to financial conglomerate and resolution frameworks.
• Bank’s common scenario stress tests (CSST).
• The group’s multi-year integrated scenarios analysis project.
• Internal capital adequacy assessment programme (ICAAP) and recovery plan, and proposed resolution initiatives (flac and resolution plans)
• Involvement in capital optimisation initiatives.
• Coordination and liaise with internal and external audit.

  Relationships

• Develop and maintain relationships within the FirstRand Group Treasury, Group finance and FirstRand regulatory reporting team, Group Investor Relations, Group Tax and operating businesses.
• Develop and maintain external stakeholder relationships (regulators, rating agencies, banking associations).