Fresh Jobs at Absa Group Limited (Absa)

Key Responsibilities:

Consolidation and Reporting

• Subsidiary Capital Plans: Oversee the consolidation and aggregation of entity capital plans for monthly actual reporting and forecasting cycles.
• Management Reporting: Prepare and disseminate management reports within Treasury and other committees, outlining key capital information and overall outlook.
• Capital Utilization: Monitor capital utilisation and ensure adherence to approved targets.
• Data Analysis Tools: Become proficient in data analysis tools (e.g., Excel, MI tools, PowerPoint) as used by Absa.

Regulatory Capital Submissions

• Regulatory reporting: Collaborate with the Group Regulatory Reporting team to finalise and review regulatory capital submissions and management reports.
• Process management: Manage the process during critical workdays each month, facilitate data reconciliation, and ensure signoffs prior to regulatory submission.
• BA610 reports: Manage the accountability and reporting process for the capital sections of the BA610 regulatory returns.
• Data handling: Gather data, document assumptions, perform reconciliation calculations, and produce specific report sections.

Capital Risk and Shareholder Value Performance Management 

• Risk management: Maintain a robust capital plan addressing risks and challenges that may arise, for each ARO subsidiary, in their local capital position.
• Peer analysis: Align capital resilience with peers, assess performance, and identify actions for improvement where required. Monitor market trends and peer activities applicable to capital management.
• Dividends: Ensure compliance with dividend policies by closely monitoring surplus capital and ensuring subsidiaries meet their Group obligation for shareholder value. Manage timelines and associated approvals of dividends, oversee the monthly operations of the Dividend Hedging Committee to optimise hedging activities for subsidiary dividend receipts.
• Risk-Weighted Assets (RWA) monitoring and optimisation: Monitor and report on RWA monthly, tracking performance against established limits and risk appetites ensuring subsidiary awareness. Group priority focus on RWA optimisation on both local and SARB regulatory requirements, collaborate with subsidiaries to identify and action on opportunities for RWA optimisation.
• Foreign currency capital risk: Monitor and report on foreign currency risk impacting the capital positions of subsidiaries, with a focus on US dollar exposures. Ensure that subsidiaries preparedness for stress scenarios and communicate results to management for strategic awareness. Identify short-term FX vulnerabilities and ensure that management is informed and prepared to implement appropriate measures to mitigate currency risk.
• Shareholder value proposition & capital efficiency: Enhance balance sheet and capital utilisation by focusing on key capital performance metrics. Ensure the efficient use of capital for balance sheet growth by adhering to capital allocation principles.
• Focus on alignment with financial resource management principles to achieve robust return on equity. This includes maintaining a strong Return on Equity (RoE), achieving a Return on Regulatory Capital (RoRC) that surpasses benchmarks like the Cost of Equity (CoE), and monitoring Net Capital Creation (NCC). These measures help track and enhance the value subsidiaries contribute to the overall shareholder.
• Team collaboration: Foster a culture of capital management discipline and ensure service level agreements (SLAs) are met. Ensure subsidiary teams proactively address capital concerns with the Centre team and enhance capital management skills.

Education and Experience:

• Bachelor’s degree in accounting or quantitative finance
• Prior banking experience, preferably in a Treasury environment.
• Strong skills in data reporting and analysis.

Knowledge & Skills:

• Innovative thinker and problem solver.
• Broad understanding of banking and financial markets.
• Knowledge of Basel III is and Capital Management.
• Proficient in Excel and PowerPoint.

Competencies:

• Attention to detail.
• Affinity for working with numbers and data.
• Clear communication skills.
• Effective networking and relationship-building.

go to method of application »

Job Description

• AVP (Assistant Vice President) role in the CIB (Corporate and Investment Bank) and Treasury Product Control 1st line of defense (1LOD) Governance team.
• At a high level, the role’s mandate entails risk management in full compliance with regulatory requirements, enterprise risk management framework and Internal ABSA Policies and Standards.
• The team is also tasked with a business advisory role where they guide senior leadership and the extended leadership team on risk and control matters. 
• The role also encompasses performing assurance activities as a 1st line of defense colleague, to enable and ensure the establishment and maintenance of a robust control environment.
• A key aspect of this role is that it falls within the Finance Management team ambit, specifically in Product Control.
• The incumbent role will also be tasked with being the Go-To lead for the team for the areas they are allocated to execute Product Control 1LOD mandate. 

Education

• Higher Diplomas: Financial Sciences (Required)

go to method of application »

Job Description

Specialist Advice: :

• Provides specialist technical advice in area of expertise to key (internal and external) stakeholders in support of realising the commercial objectives of the business (may include value proposition design, client and customer engagement and revenue).

Stakeholder Management:

• Build strong relationships with key (internal and external) stakeholders.
• If in a relationship or revenue-generating role is accountable for developing, maintaining and generating revenue from clients.
• May be the key contact for mid-sized clients and handles complex transactions;
• Partners effectively with key stakeholders to advise them of innovations and developments within their areas of speciality
• Delivers impeccable and timeous service levels
• Collaborates with and coordinates efforts with different Business Units to enable realisation of business objectives

Control:

• Accountable for complying with all risk management, regulatory and compliance frameworks within area of accountability; Where applicable ensures that colleagues managed are aware of and comply with all compliance requirements.

People & Culture:

• Where applicable manages and oversees colleagues in area of responsibility; Partners with People function to support the people management strategy for the area with a focus on talent management, development, resourcing and retention.

Education

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

go to method of application »

Job Description

Key deliverables will be to:

• Coordinate key activities to sustain as Satisfactory Control Environment. This involves coordinating activities of Principal Risk and related Sub Risks subject matter experts to keep the risk profile within acceptable thresholds.
• Managing the critical process refresh exercise, driving issues management and risk event management.
• Conducting Root Cause Analysis and Lessons learnt for material risk events/issues and monitor business remediation.
• Risk Reporting: Identify, assess and Report key risks arising from significant events, investigations, audit and control issues
• Running appropriate risk governance forum and report appropriately on risk outcomes as may be necessary.
• Building and maintaining effective relationships with key stakeholders, which includes the first line of defence (1LOD) colleagues in business, Principal and Sub risk SME's, second line of risk partners in the Risk and Compliance functions and internal audit and other assurance providers.
• Developing and monitoring KRI's to ensure monitoring of the key risks facing the business where these need to be supplemented.
• Drive adherence to applicable Policies, Procedures and Regulations.
• Drive any risk deliverables that may be required to demonstrate that the business is embedding ORRMF, Conduct Risk and Fin Crime Risks and any elements from the Enterprise Risk Management Framework that impact this function.

Education

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

go to method of application »

Job Description

• Portfolio Management: Ensure appropriate management of respective portfolios that includes but not limited to client engagement, portfolio performance management, reporting and executing of client requirements
• Business Development: Agree financial targets/new business targets and set out tactical plans to achieve this on an annual basis
• Risk Management: Ensure that portfolio meets the required risk management standards

Education

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

go to method of application »

Job Description

• We will expect you to ensure model build data are of sufficient quality.Develop theoretical understanding and practical application of model development methodology through model building and application experience;
• Complete statistical data analysis and produce model build documentation in an unambiguous and concise manner.
• Have the ability to integrate technical statistical experience and business knowledge.
• Ensure successful implementation of models by assisting the model implementation team through answering technical questions around the model workings.
• Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Absa Model Risk Policy.
• Actively engage stakeholders (model users, validation team, monitoring team, regulators) to be fully engaged in process and delivery through email discussions, group meetings and one-on-one discussions ensuring their issues, objectives and priorities are reflected in agreed solutions.
• A successful candidate will hold at least an honours degree in Statistics, Business Mathematics and Informatics (BMI) or Mathematical Statistics or a related field with up to 6 years’ experience in statistical model development or validation in a Business Banking or Investment Banking environment with process and people management experience preferred. 
• Proficiency in Base SAS or SAS Enterprise Guide, SAS data steps, SAS procedures, SAS SQL, SAS Macros in order to develop statistical models.

Education

• Bachelor's Degree: Information Technology

go to method of application »

Job Description

Some of your key accountabilities will include the following;

For All Trade Finance Products;

• Process client instructions within agreed Service Level Agreement (SLA)
• Check that all information received is in accordance with the required standards and all client
• requests are clearly understood and the impact thereto
• Ensure all processes and controls are executed in line with the documented procedure guides
• (Excon, BOP, exchange rates)
• Ensure all Fit to Lend approvals (Credit, legal, Product) are in place and transaction requests are
• Fit for purpose/ Fit for processing to ensure successful processing

Client and Services

• Provide a high quality of service to all clients within agreed SLAs
• Ensure high quality of communication to internal and external clients, both verbal and written.
• Ensure that all compliments and complaints are logged on the required system.

Governance Risk and Control;

• Ensure adherence to quality standards to avoid risks to the Bank through effective & efficient management of transactions.
• Draw Day End listings and action accordingly to ensure that all work received is and actioned on the same day.
• Review and monitor all office suspense accounts to ensure that there is a debit for every credit within 48 hours and that the reconciliation has a nil balance.

Innovation and Change;

• Provide suggestions to the line manager on improvements and solutions based on knowledge of the trade value chain.

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

• Degree or Diploma with 5 to 8 years related experience in Trade Finance
• CDCS – Certified Documentary Credit Specialist (For FI and Documentary Trade)

Education

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

go to method of application »

Job Description

• Income Growth and Financial Targets: Ensure a deep understanding of client's working capital cycle and business needs to provide appropriate solutions. Drive achievement of targets as per individual scorecard.    
• Customer Focus: Proactively drive acquisition and cross-sell initiatives through re-engagement processes. Ensure service and complaints resolution are within acceptable service level agreements. 
• Compliance and Risk Management: Fulfil all activities in adherence to relevant control and compliance requirements, and quality standards.  
• Collaboration: Constantly seek to improve ways of working by challenging the status quo and supporting an empowering climate within the team, sharing knowledge, experience, best practice and providing constructive feedback as required.

Education

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

go to method of application »

Job Description

• Risk Management: Providing Subject Matter Expertise to Risk types
• Stakeholder Management: Build and Maintain effective Relationships with relevant stakeholders 
• Risk Reporting: Identify, assess and Report key risks arising from significant events, investigations, audit and control issues 
• People Management: Develop a high performing Team 
• Risk and Control: Adherence to Policies, Procedures and Regulations 
• Managed Control Environment

Education

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

go to method of application »

Key Responsibilities

• Ensure that all activities and duties are carried out in full conformance to the Enterprise Risk Management Framework (ERMF) as well as related Internal Absa policies and standards
• Administer the completion of Risk Assurance reviews in line with the Assurance Standard and Risk Assurance methodologies, including documenting the Risk Assurance approaches, executing testing strategies, maintaining working papers, and reporting on issues and recommendations.
• Conduct Risk Assurance engagements end-to-end, from engagement planning through to reporting.
• Identify key risks and controls from the process under review.
• Develop engagement procedures to validate the adequacy and effectiveness of key controls.
• Prepare and draft issues with thorough root cause analysis and practical recommendations.
• Compile the draft audit report and engage in discussions with various levels of management and project stakeholders.
• Support business with the remediation of issues reported by the Risk Assurance Function and other assurance providers.
• Engage business stakeholders and maintain effective follow-up and tracking of the remediation of weaknesses and gaps identified through issue validation.
• Evaluate and maintain quality standards in terms of the Risk Assurance Methodology and approach.
• Build relationships with stakeholders across the organizations and manage allocated portfolio(s) effectively.
• Contribute to defining a Risk Assurance plan that covers all business areas across the AFS Group and supports the Combined Assurance agenda across the group.
• Execute the Risk Assurance review plan to ensure conformance to frameworks, policies, and standards, including the Assurance Standard.
• Continuously stay abreast of industry developments and learnings on the topic of internal audit/ risk management and combined assurance.
• Collaborate with engagement stakeholders to ensure deliverables are achieved timeously.
• Drive data analytics testing strategies and real-time assurance initiatives through engagements

Key skills:

• Understanding of key controls and risk management
• Interpersonal, communication, and networking skills
• Analytical ability and logical reasoning
• Planning and organizing
• Writing and reporting
• Effective time management

Competencies:

• Collaborates – building partnerships and working collaboratively and inclusively with others to meet shared objectives
• Client focus – building strong client relationships and delivering client-centric solutions
• Drives results – consistently seizing opportunities and achieving results even under tough circumstances
• Flexibility and adaptability – rebounding from setbacks and adversity when facing difficult situations
• Cultivates Innovation – Creating new and better ways for the organization to be successful

Education and Experience Required

• BCom degree in Internal Audit/ Risk Management.
• Experience in insurance-related audit engagement and knowledge of insurance processes
• 4 to 5 years of internal auditing/ risk management experience.
• Experience with data analysis and analytics.
• CIA/IRMSA designation will be advantageous

go to method of application »

Job Description

Accountability: Operations Management 

• Screening incoming fraud alerts against known fraud indicators and other risk factors.
• Using telephonic interviewing techniques, in order to determine risk.
• Where fraud is confirmed block the channel to prevent further transactions and losses.
• Record actions taken on fraud systems and relevant banking systems.
• For customers not contactable, analyse/evaluate the information at hand, make a decision to block the account as per policy and procedure.
• Investigate suspicious accounts received from Product business.
• Provide superior customer service to customers through various contacts made during the course of work performed.
• Communicate new fraud trends to team Leaders and Managers for further action.
• Investigation of fraud incidents and collection of evidence and case development.
• Properly documenting and maintaining chain of custody for evidence.
• Appropriately managing cases through investigation, customer and business interaction and eventual resolution and closure.
• Conducting proactive fraud investigations resulting in the identification of issues and the reporting of findings and remediation recommendations to the appropriate business owners.
• Apply a variety of investigative tools and methodologies to support the investigation to determine root cause analysis.
• Identifying inefficiencies in internal controls and applications that could result in potential fraud.
• Assume additional duties as required by the Fraud Manager from time to time.
• Ensure that Product Write-offs/Net losses match with GL accounts.
• Perform STIGG report out on all Fraud losses and fraud types.
• Source information from different data warehouses, data marts, manual systems and on-line system given the business requirement
• Conduct integrity checks both when extracting data developing reports.
• Present the outcome of the analysis to the business for decision making

Accountability:   Change management 

• Assist in enhancing operating systems for optimal results.
• Deliver professional communication and foster awareness regarding financial crime and fraud trends
• Act as the Subject Matter Expert on the content of the procedures, processes and investigation methodologies in the business.
• Participate in change meetings to contribute to new process designs.
• Take over processes when projects become business as usual (BAU)

Accountability:  Risk and Control 

• Take accountability for all risk events and the delivery of specified and agreed upon controls.
• Reporting of a risk and controls that ensures compliance.
• Keep abreast with compliance and regulatory requirements and liaise with all relevant stakeholders internally and externally in the organization to accurately execute and adhere to the rules and regulations.
• Whilst executing maintain an effective Quality Assurance environment
• Adhere to Organisational circulars, policies, business standards and other communications that impact the operation of the business unit.
• Ensure that reconciliations totals are balancing against GL Fraud and forgeries values .Reconciled General Ledger write-offs and ensure correct entries have been process in terms of regulatory compliance.
• Ensure that all TC40 / SAFE warnings, rejects and Data Accuracy Ad-hoc Detail report information are corrected and Data Elements are compliant.
• Check all existing and new reports for accuracy and data integrity

Accountability:  Stakeholder Management 

• Work closely and collaboratively with the members of the Investigations Units within the bank and other financial institutions.
• Develop and enhance networks and build relationships to align the team objectives with business partners within the organisation as well as strategic stakeholders.
• Maintain a high level of professionalism in stakeholder interactions, including written and verbal communications, based on sound knowledge of processes and procedures, schemes and understanding of relevant regulatory requirements.
• Support the person in the area responsible for service level agreement by providing input on the operational reporting requirements from the business.

Education

• National Diplomas and Advanced Certificates: Risk Management

go to method of application »

Job Description

Accountability: Risk Appetite and Strategy

• In conjunction with business leadership, define and support the RB risk appetite aspiration through the annual integrated planning process.
• Actively challenge and contribute to business growth with an enablement mindset under the agreed risk appetite construct.
• Monitor risk appetite consumption and the drivers of the underlying portfolio risk profile to inform appropriate risk management actions.
• Check and challenge collections strategies, capacity requirements and delivery to ensure an appropriate response to current market and economic dynamics.
• Drive an appropriate risk/reward ethos that optimizes RWA consumption and ensures the effective use of economic capital.

 Accountability: Risk Culture and Governance

• Create and manage a rigorous risk governance structure to ensure risk transparency and effective reporting and decision-making.
• Uphold the importance of frameworks and policies and drive the embedment and assessment of their ongoing effectiveness.
• Promote risk awareness and accountability throughout the business in accordance with the ERMF.
• Identify and assign management actions to address deviations from a sound risk culture and control environment.
• Design and implement an effective system of internal controls including a clear organisation structure, a formal system of delegations of authority and accountability and a framework of supervision from the RB CRO throughout the RB Risk Function.
• Accurate and timely representation of the RB risk profile at various Group governance forums by driving a fit-for-purpose risk reporting standard oriented to the needs of a specific audience.  

Accountability: People and Culture

• Build a clearly articulated people management and culture framework consistent with the Absa values.
• Together with the RB Risk People Partner determine and agree the people management strategy with a focus on leadership, talent management, development, resourcing, retention and succession planning.
• Drive the RB Risk organizational transformation, diversity and inclusion agenda with a focus on employment equity targets.
• Ongoing risk function rightsizing, skills adequacy and leadership coaching.
• Defining people and function scorecard objectives and measures that align to the RB Business and Group Risk balanced scorecards.
• Lead, manage and develop the RB Risk Function resources in the most effective and efficient manner to execute the function’s plan.
• Manage the RB Risk Function within an agreed operational budget that supports the delivery of the appropriate risk capability in support of the business strategy.

Accountability: Frameworks, Controls and Processes

• All Principal and Key Risks, as defined in the Enterprise Risk Management Framework, to be proactively identified, assessed, controlled, reported, managed and challenged on a normal and stressed scenario basis.
• Champion an appropriate operational risk management and control culture across RB.
• The design or operation of processes and controls are to be performed by or in conjunction with BU Managing Executives or other stakeholders, with the RB CRO to retain accountability for the effectiveness, oversight and outcomes thereof.
• Ensure a continuing business drive to maintain a satisfactory management control approach and control environment that addresses all risk types and processes.
• Ensure that the operational framework is understood and embedded across all its facets in the entire RB business, business front office through to infrastructure, operations, control functions and assurance providers, and across the entire value chain of products, services and channels.
• Establish an appropriate strategy around emerging risk themes and mitigation approaches, including specific plans and capabilities around fraud and cyber risk.
• Design, implement and maintain a system of RB enterprise-wide controls that achieves expeditious, concise and reliable combined assurance assessments.
• Contribute to the development of the Enterprise Risk Management Framework and ensure embedment of the principal risk types and the effective ongoing management of all risks.

Accountability: Stakeholder Engagement

• Contribute as a key RB Exco member to the overall RB agenda and its stakeholders, and pursuant thereto ensure that the risk agenda is appropriately governed, managed and reported to all requisite stakeholders.
• Effective participation in key risk management committees covering RB, Group and Board Risk Committees, together with RB Exco and relevant sub-Exco committees.
• Provide leadership in regulatory engagements and regulatory bodies and represent RB in key industry associations and forums.
• Interact proactively with the Group Chief Risk Officer to ensure that that he/she is kept abreast on RB financial and non-financial risks, key initiatives and emerging issues.
• Ensure proactive/responsive engagement with the Prudential Authority.
• Engage with the Principal Risk Officers (PRO’s) to ensure appropriate policies, frameworks and standards are developed in support of the ERMF and engage in the assurance activities of the PRO’s.

Accountability: Risk Business Management

• Effective and consistent implementation and management of the Principles for Effective Risk Data Aggregation and Risk Reporting.
• Ensure measures are in place to adhere to the data policies and the effective implementation and ongoing management of RDARR requirements regarding quality of data.
• Ensure data, MIS and reporting of risk metrics are of the highest quality and take steps to remediate data inaccuracies and improve data standards.
• Ownership and accountability for the annual planning and review of MTP, STP and RAF risk cost budgets.
• Manage the effective and efficient operation of the function in a manner consistent with the overall Risk Operating Model in compliance with the ERMF and as agreed with the Group CRO and Group Exco.
• Consistently review the effectiveness of risk systems in place and contract for improvement or replacement where required. 

Accountability: Capability and Enablement Shared Service across Relationship Banking

• Set the strategy for Risk technology, systems, infrastructure, and data requirements as an enabling function in support of the Relationship Banking strategies.
• Demonstrate clear understanding of the Risk and Business strategy and ensure the Capability and Enablement team aligns and supports this.
• Demonstrate innovative thinking and identify solutions in the technology environment, to address known issues and challenges in Risk.
• Identify new trends and developments and incorporate into forward-looking strategies and plans to ensure the businesses can leverage systems and resources to remain competitive.
• Own and manage the integrity and reconcilability of data used in all aspects of credit risk including Modelling, MIS, and Capital Reporting. These processes must include privacy, security, integrity, metadata management, traceability, availability, and accuracy.
• Manage multiple project teams across Risk ensuring delivery on time and to high standards.

Role/person specification

Preferred Education

• B-degree in Accounting/Commerce: NQF level no. 7
• Preferred: CA(SA)/ Actuary

Preferred Experience

• 15 years in Banking/Finance 
• 10 Years senior management experience, in a retail banking environment
• Strategic analysis, finance and general management within a Bank
• Experience in dealing with Banking Regulators
• Strongly preferred: experience as a Retail Bank CRO or CFO in a major South African Bank