Career Opportunities at Absa Group Limited (Absa)

Job Summary

• To assist and support the people change lead in delivering change management in various projects through the execution of predefined objectives as agreed with the change lead.

Job Description

To assist the people change lead on the following:

• Establish people change context
• Develop people change plans:
• Implement change management plans
• Implement change reinforcement & embedment close-out actions
• Create a conducive work climate for Strategic change through planning and execution of team development activities

Education

• National Diplomas and Advanced Certificates: Business, Commerce and Management Studies (Required)

go to method of application »

Job Summary

• This role involves the implementation and monitoring of controls that ensure the integrity of the Balance Sheet, identify and report risk items in the Balance Sheet to enable management to make decisions and take actions where necessary. Part of this is providing commentary on Balance Sheet movements for the Regulators as well as used in the Briefing notes on the external results.
• Develop an in depth knowledge of the financial reporting systems and processes that operate across businesses. Develop an understanding of the Groups Financial Reporting policies and risk management frameworks in order to assess Financial Reporting Risk.

Job Description
Key Accountabilities
Coordination of External Financial Reporting Risk (FRR) and ownership of the Balance Sheet Attestation Tool (i.e. Consigno) across the Group

• Ensure the operation of a robust FRR Governance process, including the review and consolidation of information and the production of management information required for FC attestation, AFRC and other forums (e.g. GLRS’s) across all clusters, countries and entities;
• Full understanding of the allocated business or cluster Balance sheet through performing monthly analytical review and variance analysis and through discussions with business. Provide output of analysis to stakeholders;
• Support Business Unit owner for Consigno and other Financial Reporting attestation processes. This includes monitoring of system performance, and co-ordination of remedial actions for system failures and other issues;
• Provide appropriate management information to process owners for consideration before communication to Finance Management on the assessment of FRR, ensuring accurate and validity of information and high quality and appropriate commentary;
• Adhoc projects that require timely and sustainable resolution;
• Produce management information packs and presentations to support the risk assessment of FRR to relevant Risk Committees;
• Produce and communicate appropriate Key Risk Indicators (KRI’s) to monitor the level of financial reporting risk and effectiveness of controls, to ensure that the Key Controls are appropriately implemented and understood by stakeholders;
• Monitoring and tracking remediation plans resulting from the above;
• Engaging with external auditors on Financial Reporting Risk;

Coordination of Monthly, Quarterly and Annual commentary on Balance Sheet movements

• Obtaining commentary at reporting periods on relevant clusters to be used by senior stakeholders as part of the briefing notes on Balance Sheet movements;
• Obtaining commentary and articulating this commentary to be suitable for commentary sent to the Prudential Authority (PA)
• Providing suitable answers to the PA on questions raised on Balance Sheet movements in the regulatory returns

Understand of the Groups Financial Reporting processes, systems, Controls, policies and frameworks

• Develop an appropriate knowledge of the financial reporting systems and processes that operate across businesses within Absa
• Develop a working understanding of Absa Financial Reporting policies and risk management frameworks in order to assess compliance in relevant areas;
• Provide support for Financial Reporting policies and risk management frameworks;
• Input into the operational planning of assurance and conformance testing plans to support risk assessments; and
• Assist business to document action plans for risk mitigation identified during Analytical review, GLRS’s, conformance testing or in the KRI process.
• Provide training on Financial Reporting policies and risk management frameworks

Provide support to other process executors through motivation and employee engagement

• Understanding and managing team dynamics to maximise performance;
• Escalate issues around allocation of resources to process architects tasks to ensure delivery of team objectives;
• Ensure continued development of resources, through couching and mentoring, to empower value added delivery of tasks.

Process Execution: Provide inputs and execution of quality control and process improvements

• Ensure alignment of process with organizational strategy; take accountability for relevant processes within area of responsibility and ensure delivery and maintenance of standardized processes and controls
• KPI's, and performance management thereof
• Constantly review and improve processes (automation included) to drive and implement a sustainable and effective process in support of quality and accuracy
• Drive sustainable cost and processing efficiencies through continuous innovation, industry benchmarking and alignment to best practices
• Recommend areas for improvement in order to reduce cycle times, improve productivity, create capacity and improve process reliability and customer satisfaction;
• Management of relevant executors of processes within ambit of control including coordination and management of capability and performance
• 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 / inter-dependent activities;
• Actively supports the operational effectiveness of the Consigno system.

Role/Person Specification
Education and Experience

• CA(SA)
• Experience in finance, preferably in a financial institution

Knowledge & Skills

• Ability to use analytical review tools to analyse and interpret financial data
• Team management experience
• Exceptional academic track record
• Understanding of financial reporting processes and related controls
• Ability to identify control gaps and weaknesses
• Ability to write concise effective reports

Competencies

• Persuading and influencing
• Relating and networking
• Effective communication and collaboration
• Leading change
• Deciding and initiating action
• Driving performance through employee engagement
• Creating and innovating
• Entrepreneurial and commercial thinking
• Analysis skills & technical ability
• Judgment / decision making – demonstrates logic, rationality and objectivity in decision making whilst balancing speed vs. thorough approach;
• Integrity – “Iron clad”, consistent, earns trust, fights fair, uses the facts;
• Team player – approachable, overcomes “we they” relationships, establishes collaborative relationships;
• Oral and Written Communications - fluency, “quickness on one’s feet”, clarity, precise, well organised communications with “flavour”;
• Resourcefulness – action oriented, goes “beyond the call of duty” to solve problems;
• Adaptability – adapts to change, adjusts quickly to change, and copes with complexity.

Education

• Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

go to method of application »

Job Summary

• Head of Tax role for CIB Pan Africa, including Treasury leading a team of experienced banking tax professionals. This role takes full ownership, accountability and responsibility for coordinating the support of CIB activities by the AGL Tax team. The CIB Pan Africa Head of Tax will lead the relationship of AGL Tax with the CIB Chief Financial Officer (CFO), CIB front office heads, ARO CFOs and external bodies (eg auditors and regulators) in relation to CIB matters.
• In addition, the role will lead the delivery of International tax advice, opportunities in relation to initiatives or projects within Absa Group Limited, Absa Bank Limited, Absa Regional Offices.
• The role requires broad knowledge of all taxes including corporate Income Tax, International Tax, Value Added Tax, Capital Gains Tax and Securities Transfer Tax, etc

Job Description

Key Accountabilities

Accountability: Tax advice /Tax Structuring and business support

• Develop and lead relationships with key stakeholders in the relevant business unit, e.g., CIB CFO, ARO CFOs, Business and infrastructure heads (including Legal, Compliance, Risk,).  Proactively communicate major items (e.g., risks and opportunities) to stakeholders, guiding them on key technical, reputational, and commercial issues from a tax perspective.
• Implement a tax approach which is aligned to and supports the CIB strategy, appropriately optimising the tax position on commercial transactions.

Ensure the team delivers high quality advice:

• Suitably early in the process in relation to new products and other business initiatives; and
• Proactively in relation to potential opportunities for tax efficiencies, identifying and mitigating tax risk, and explaining and managing of changes in tax law.
• Advise management on all matters relating to tax, particularly relating to the development of new activities, new ventures, new investments, disposals and new products.
• Influence legislative changes by interacting with National Treasury on tax policy matters.

Accountability: Compliance and Reporting:

• Ensure required tax compliance is in place as directed by legislation, adopt new requirements and drive adherence to the legislation.
• Ensure all direct and indirect tax filings/matters are current, accurate and up to date.
• Review high-risk tax returns and disputes to mitigate tax risk.
• Ensure replies to enquiries from Revenue Authorities are appropriately managed.
• Ensure procedures are in place to make timely tax payments.
• Ensure tax training is provided to businesses as regards tax compliance, to enhance the level of compliance.
• Manage tax disputes and negotiate tax settlements where appropriate.
• Interact with tax authorities to discuss tax compliance matters and establish/maintain appropriate relationships.

Accountability: Management of Tax Risk:

• Ensuring Tax controls and processes are documented, understood and effectively implemented.
• Ensuring risk frameworks, appetite and limits are communicated and understood by relevant colleagues, and that transactions are appropriately reviewed against these.
• Quantifying risks and communicating the status of the risk environment (utilising both qualitative and quantitative factors) on a regular basis.
• Ensuring plans are in place to remediate known or inherent risks.
• Ensure tax reviews are conducted to enhance compliance with tax legislation, regulations and policies and to effectively manage tax risks.
• Record analysis and conclusions clearly, including references to supporting work papers (and their location) and the basis on which assumptions were made. Where appropriate, obtain opinions and advice from external specialists to support. Ensure conclusions of external/internal tax advice are delivered to the Forecasting, Reporting and Compliance team within Tax to enable effective financial reporting of tax effects and correct filings in tax returns and payments are made.
• Oversee the resolution of discussions with external auditors at an early stage to agree financial statement position of activities and transactions regarding CIB.
• Set the agenda and coordinate the production of papers for the CIB Tax Committee (for which the CIB Head of Tax will also be a member).

Accountability: Networking

• Participate as a member of BASA Tax Committee, Absa Group Tax Committee and CIB Tax Committee.
• Attend the BASA - SARS Tax Forums as a member.
• Ensure tax training to businesses is provided where appropriate to enhance tax awareness and effective tax management.
• Interact with senior SARS (or other tax authorities) officials to discuss any tax issues, disputes or obtain recommendations on tax policy.

Accountability: People Management

• Manage team members in the performance of the above objectives.
• Develop a high performing team by embedding formal performance and career development plans and coaching.
• Motivate team members and ensure that their efforts are recognised.
• Encourage and partake in frequent knowledge sharing between team members.
• Determine development needs for the team and support team members in addressing.
• Assist with the interviewing and recruitment of new members to the broader Tax team.
• Approve team leave requests and ensure adequate coverage during periods of absence.
• Monitor workload and ensure that it is kept to a sustainable level including ensuring work amongst the team is evenly balanced.
• Participate in the creation and implementation of actions in response to staff surveys or other identified areas of improvement.
• Resolve grievances raised by team members and escalate if required.
• Address any poor performance through the formal Performance Accelerator programme.
• Establish and maintain a succession plan for the team.

General

• Develop and maintain industry knowledge and represent Absa on industry committees.
• Lead the resolution of CIB issues with the South Africa Revenue Services.
• Support the AGL Head of Tax and Tax Leadership team in delivering the Tax Strategy.
• Support the CIB CFO/ARO CFO in delivering and implementing the CIB Finance Strategy.

Role / Person Specification

Education and Experience Required

• Qualified Chartered Accountant
• Honors Degree (in Accounting)
• Master’s Degree in Business Taxation
• Ongoing tax updates and / or qualifications
• Minimum of 10 years’ experience in tax roles with proven ‘in-depth’ tax experience (Financial Services Industry specifically investment banking required)
• Minimum of 3 years’ experience in people management

Knowledge & Skills

• Ability to resolve complex global tax and finance issues
• Excellent technical income tax and international tax law knowledge
• Excellent international tax law knowledge
• Control and execution focused
• Strong ability to identify opportunities and add value
• Maturity to interact and communicate with management and employees at all levels
• Strong negotiation skills and experience in negotiations with SARS
• Strong manager of professional external advisors
• Proven business acumen and strategic outlook
• A strong understanding of economic/financial analysis
• Excellent provider of analysis and summaries
• Proven leadership and People Management Skills
• Strong understanding of accounting and deferred tax requirements
• Understanding of regulatory requirements

Competencies

• Deciding and initiating action
• Learning and researching
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating
• Willingness and initiative to share skills and develop a high-performing team

Education

• Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

go to method of application »

Job Summary

• In this role you will provide advice and support in the development & implementation of area of specialisation; developing high quality standards & measures to ensure that errors do not re-occur.
• Provide specialist quality assurance support, guidance, and advice to address, identify operational issues in the business. Control frameworks and standards: Design, implement and maintain quality assurance and control frameworks and standards against relevant legislative requirements. Risk Management: Fulfil all activities in adherence to relevant control and compliance requirements, and quality standards

Job Description

• To understand and adhere to the Absa Group policies and procedures governing Financial Crime, product, and reputational risk, as well as any policies in accordance with regulatory and/or compliance approvals.
• To compile and deliver high quality reports within agreed Service Level Commitment (SLC), specifically:
• Raising potential risks relating to the operational execution of the sanctions screening of parties to Trade Finance instruments/transactions.
• Timeous communicating and escalation in respect of high-risk concerns.
• Submission of Quality Assurance monitoring monthly reports, such as Trade Finance Sanctions Screening operational outcomes in respect of testing, to the relevant operational manco’s and where required to other applicable risk committees & business governance forums
• Own, implement and collaborate in conjunction with the rest of Quality Assurance team procedural changes deemed necessary to support operational changes (and introduction of enhance data /analytics).
• Investigate, to enhance scope and coverage of quality assurance to the benefit of TWC Operations management (and ARO Markets where applicable).

Send in your CV if you have the above experience as well as;

• A Bachelors’ degree
• 5 years’ experience of Trade Finance, Receivables Finance and Trade Loans
• Auditing or assurance testing background beneficial.
• Payments processing value chain, and sanctions screening experience.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

go to method of application »

Job Summary

• To prepare specialist operations information for all stakeholders of the business for informed decision making and to support the business.

Job Description

• Administrative and operations support: Provide administrative and operations support and advice against standard operating procedures | Ad Hoc duties: Provide support to customers and team as required to ensure team performance on an ongoing basis | Compliance and Risk Management: Fulfill all activities in adherence to relevant control and compliance requirements, and quality standards | Administration: Effectively fulfil all required administrative duties, including tracking and reporting

Education

• Higher Diplomas: Business, Commerce and Management Studies (Required)

go to method of application »

Job Summary

• Responsible for and the successful delivery of one or more projects to plan, budget and agreed quality and governance standards in support of the business strategy. Manages project teams engaged throughout the full delivery lifecycle.

Job Description

• Responsible for and the successful delivery of one or more projects to plan, budget and agreed quality and governance standards in support of the business strategy. Manages project teams engaged throughout the full delivery lifecycle.

Typical Responsibilities

• Plan and Develop the Project Idea - This includes:
• setting and managing client expectations, developing a detailed project plan, defining the scope of the project and assigning team members to specific tasks.
• Creating and leading a team capable of meeting or exceeding project expectations.
• Monitor Project Progress and Set Deadlines, Solve Issues That Arise,
• Manage the project budget.
• Stakeholder communication.

Typical Deliverables:

• Project Plan
• Project budget
• CRAIDS
• Progress Reports
• Governance artifacts

Qualifications:

• PMP, PMBOK, PRINCE2

Key Skills / Competencies required:

• Accountability
• Adaptability
• Budget Management
• Creativity
• Decisiveness
• Delegation
• Forecasting
• Management
• Organization
• Problem Solving
• Strategic Thinking
• Stress Management
• Clear Communication
• Leadership

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

go to method of application »

Job Summary

• Perform Onboarding validation and remediation functions for Relationship Banking clients within the regions.
• This involves ensuring 100% fit-for-processing on-boarding applications, complete all outstanding FICA requests manage restrictive control and special deferrals processes. Perform all client remediation, including refresh of all High risk and PEP clients ensuring that the validation adhere to and upholds the standards required by regulatory and business rules.

Job Description

• Perform Onboarding validation and remediation functions for Relationship Banking clients within the regions. This involves ensuring 100% fit-for-processing on-boarding applications, complete all outstanding FICA requests manage restrictive control and special deferrals processes. Perform all client remediation, including refresh of all High risk and PEP clients ensuring that the validation adhere to and upholds the standards required by regulatory and business rules.
• Accountability: Validation of Client & Product On-boarding [30%]  Comply with Regulatory Risk, Compliance and Governance requirements  Perform the validation for on-boarding applications to ensure compliance  Perform activation of product instructions  Follow-up with relationship bankers to ensure that all the clients with 90 days dispensation are remediated within the set timelines to avoid restrictive control  Ensure that all existing clients identified as High Risk or PEP are re-onboarded in line with the special regulatory standards  Ensure that all service levels agreements with support areas are met or escalated and resolved timeously to enable delivery of acceptable client experience Accountability: Client Remediation and Refresh [50%]  Responsible for all remediation projects ( i.e. PEPs, HRR BOW, HRI, Trigger events, HRR BAU On-boarding, HRR STR - Suspicious Transactions Reporting)  Perform gap analysis and transactional analysis for all clients 90 days prior to remediation date  Work with frontline colleagues to implement the relevant client contact strategy for the regions (e.g. via email/SMS/Visitation/Telephone etc.)  Perform client reviews on anniversary refresh as per RBA (Risk Based Approach) – High, Annually; Medium 3yrs, and Low 5yrs  Update all relevant systems to ensure clients are fully remediated  Ensure remediation of all deregistered entities to minimize the risk of doing business with entities that are non-compliant to Companies Law Accountability: Restrictive Control [10%]  Perform remediation requirements for all clients in/to be placed in restrictive control  Manage the special deferrals within the frontline in line with the governance and approval process Accountability: Team Work and Self Development [10%]  Be an active participant in meetings and provide suggestions for ways of improving client service  Share best practices and specialist knowledge with the team to improve service delivery  Create supportive relationships with colleagues and create a sense of team spirit  Keep abreast of relevant training to the role including own regulatory training completion by due date  Maintain and continuously look for opportunities to further develop skills and knowledge base  Build a sound understanding of Relationship Banking knowledge  Demonstrate willingness and ability to perform to the very best to ensure personal alignment to Absa values and vision

Education

• Higher Diplomas: Business, Commerce and Management Studies (Required)