Job Opportunities at Absa Group Limited (Absa)

Job Summary

To provide advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist change management expertise.

Job Description

changes. Recommend, approve or decline of the request to the COO. Approve leave requests for direct reports and ensure that they manage the leave planning for their teams effectively Act as second level escalation point for all grievances raised in the business unit Ensure that all poor performance is addressed through the Absa Performance Accelerator (APA) Programme and that continued poor performance is adequately dealt with. 

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Job Summary

To process financial transactions accurately and timeously through the execution of predefined objectives as per agreed standard operating procedures (SOPs).

Job Description

General Administration of Trusts

• Keep abreast of knowledge and skills relevant to the area of work by reading all communication received from legal department and attending all informative sessions (updates received from legal department, broadcasts etc.)
• Receive newly opened trust file for Testamentary or Inter Vivos Trust Administrator: Trust and / or Administrator: Trust and approve that the information was captured correctly according to information in the Will or Trust Deed.
• Prepare the letter to SARS (to register as taxpayer) and attach the trust document.
• Prepare the first letter (welcome and informative letter) to the client according to the Trust Manual. Attach the needs analysis form to the client's letter and mail to the client
• Provide security to the Master of the High Court when needed as a requirement as set out in the court order in the case of a third party inter vivos trust, by completing the necessary documentation. The documents to be completed will be those required by the insurance company who stands surety for Absa Trust, obtain the nominated trustee's signature and arrange for payment of the premium to the insurance company.
• Prepare the Acceptance of Trusteeship, obtain the nominated trustee's signature and attach the other necessary documentation (which could be the existing Letters of Authority, poof of advertisement, Inventory etc.) according to the Master of the High Court's requirements to be submitted to the Master of the High Court.
• Take responsibility for the legal operations of the trust by diarizing and following up on issuing of Letters of Authority by the Master of the High Court within reasonable time. (A trustee cannot act legally if the Letters of Authority had not been issued)
• Arrange insurance on fixed properties according to the replacement value of the property and ensure annual payments of the premiums. (The Trust manual stipulates the process to be followed when insuring trust assets as well as the reports which are printed monthly to remind them on premiums to be paid.)
• Arrange for the monthly rates and taxes bill to be mailed to Absa Trust and ensure payment upon receipt. Write to the different municipalities for change of address and obtain confirmation. Diarise to follow up monthly if the bills were received for payment.
• Arrange with renting agencies to find a tenant it the Trust has a fixed property as asset and collect the rent. Advertise to find a tenant if there is no renting agency involved and then prepare the necessary lease agreement and monthly on behalf of the trust obtain approval from the relevant parties (the tenant and the nominee for Absa Trust). Make practical arrangements with the tenant to ensure collection of the rent timeously. (the receipt of the rent must be followed up monthly and the Trust Officer needs to diarise if the tenant will make a direct deposit into the Trust's bank account, pay by check etc.)
• If the Trust has other assets like furniture, cars, policies etc., ensure proper transfer into the name of the trust, and arrange insurance to minimize risk for Absa Trust or Trustees. Follow up on the payment of the premiums (annual or monthly) by working through the specific reports printed from the trust system, as indicated in the Trust manual.
• Prepare monthly debit orders for payment of allowances on the Trust system in terms of the client's needs analysis and hand it to the Trust manager for approval.
• Evaluate requests (i.e. allowances, school fees) received from clients according to the guidelines in the Trust manual and prepare recommendation for submission to the Trust Manager. Attach all necessary documentary proof.
• After approval, prepare the debit order for payment of the request in accordance with the approved amount, sign the debit order and hand to the Trust Manager to co-sign before handing it to the Administration department to capture.
• Facilitate ad-hoc payments to clients in the same manner as the monthly allowances.
• Evaluate the requests by considering the trust capital, termination date of the trust, client's circumstances etc.; as guided in the Trust manual.
• Facilitate all correspondence to clients via letter, sms, e-mail.
• Handle daily incoming and outgoing mail, faxes, e-mails and telephone enquiries from clients, municipalities, brokers, insurance companies etc. (all people or institutions who need to communicate with Absa Trust as Trustee of the trust)
• Revise investment portfolios regularly (as per the Trust Manual) to ensure that the investment policy is being adhered to.
• Ensure liquidity of funds by timeously arranging for investments to be realized.
• Withdraw funds from the money market by liaising with the investment managers.
• Calculate the fees to be taken and give instructions to the administration department for collection of all fees to which Absa Trust is entitled; i.e. Acceptance fees, Distribution fees, Management fees, Income tax fees
• Conduct general filing of correspondence, yearend statements and returned

Certificates of Maintenance.

• Prepare termination statements of the trusts to be terminated and verify the
  calculations made of the trust capital available and amount available for distribution according to the trust system. (There is no draft and the information is available on the trust system.) Give instructions to the administration for final payments of trust capital to be paid out to clients via debit order.
• Prepare final letters and the receipt to clients so that they can acknowledge receipt of their inheritance from the trust
• Hand over terminated file to Assistant Trust Officer prepare for binding and storage in strong room.

Qualifications

• Min requirement is a qualification in legal studies or social science or finance
• RE qualification would be advantageous

Experience:

• Minimum of 3 years’ experience in the relevant industry

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Job Summary

• The role is responsible for supporting the Absa Group Chief Executive (CE) and Exco in conceptualising, formulating, communicating, executing and sustaining the strategic corporate initiatives that further the vision and mission of the business, including development of metrics and reporting capabilities that measure effective implementation of strategy across the Group. The role is also responsible for developing and managing the Group’s reputation as a Pan African Bank with global reach that is committed to, and investing in, African growth. This role achieves this through strategic brand management, including related internal and external activities. This leader is a key member of the Group CE’s office, with responsibility for influencing and collaborating with members of the Executive Committee and the broader network of leaders across the business in ensuring a clear, cohesive group strategy is communicated, implemented and measured for effectiveness; and that the desired corporate reputation is achieved.

Job Description

Accountability: Strategy Formulation, Translation and Reporting

• Lead development of the Absa Group Strategy and objectives through the identification of strategic issues and opportunities that position the Group for profitability, growth and sustainability.
• Through research capabilities and effective partnering with Businesses and Corporate Functions determine customer-centric market insights, strategies, propositions and enablers for growth.
• Facilitate clear strategic choices about the portfolio of initiatives that will drive the growth and transformation of the business and enable disciplined execution of these strategic initiatives.
• Develop and embed a data driven approach to analysing and driving performance and growth against chosen business strategies. Implement an overall EXCO dashboard of measures and metrics; and drive effective cascading of KPIs / KPAs from Exco performance contracts through all levels of the organisation.
• Maintain a robust measurement, listening and insights platform to feed the Executive team with near-real time data insights on business strategy performance, and industry, markets, regulatory and competitor developments and trends.

Accountability: Reputation and Stakeholder Management

• Define and implement an Absa Reputation Management Strategy that enables the organisation to achieve its strategic objectives.
• Conduct ongoing and targeted engagement with key stakeholders in order to understand the market environment and trends, build relations and to position the Absa Group favourably to achieve a positive business-enabling reputation for the organisation.
• Ensure effective interaction with executive management in the group by liaising with the Chief Executive, Exco members as well as the Board of Directors. Provide support in strategy formulation for different projects and initiatives.
• Establish collaborative and trusting relationships with the business's key internal leaders and stakeholders in order to ensure that there is a free flow of ideas and information across the business leading to suitable strategy formulation and overall business performance enhancement.
• Participate in external forums to establish and maintain networks and partnerships in the financial industry, across the continent and globally to keep abreast of industry developments, and actively shape industry developments to enable achievement of organisational objectives.
• Build a strategic Absa / Industry/ Global network of thought leaders, relationships and partnerships to enable achievement of business objectives.

Accountability: People Management

• Provide clear direction on strategic goals, translating and prioritising them into effective budget and resource allocation, business and performance objectives and measures.
• Lead the people agenda across the function with a strong focus on diversity and inclusion, performance management, talent and succession management, skills retention and colleague development.
• Build a high-performance team culture underpinned by strong employee engagement.
• Review and sense check succession plans in place for mission critical roles and ensure that Group transformation objectives have been incorporated.
• Grow business leaders in the function and across the broader organisation through mentoring activities to build a pipeline of future senior leaders across the Group.

Accountability: Risk Management

• Establish and maintain a Strategy and Reputation Management Risk Dashboard and Profile and set the acceptable risk appetite with input from Group Risk.

Take accountability for the assigned principal risks in terms of the Enterprise Risk Management Framework and ensure that adequate controls are in place.
Clearly articulate and embed a risk culture that ensures resilience across the Strategy and Reputation Management function.

Education

• Master's Degree: Operations Managemen

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Job Summary

The Head of Strategic planning drives, supports and oversees the effective implementation of the end-to-end strategic process.

Job Description

PROPOSED KEY ACCOUNTABILITIES

• The key accountabilities include: Supporting the Group in defining a compelling Group-wide strategic ambition and clear roadmap. This means orchestrating the overall strategy development process with the BU’s, setting the cadence and milestones and then constructively challenging plans and numbers.
• Ensuring that the CSSO and Exec Management Team are well informed and updated on research and analysis related to industry and competitive trends. Recommending strategic priorities and key themes to the CSSO.
• Strategic balance sheet management, which includes: clarifying resource allocation and key constraints, synchronizing strategic options and balance sheet implications, as well as the ability to assess the overall business portfolio performance versus the strategic ambition.
• Leading special projects on the Groups agenda.
• The Head of Strategic Planning needs to, through strong interpersonal and leadership skills not only steer the business analytically but also build rapport amongst BU Exec’s

Education

• Postgraduate Degrees and Professional Qualifications: Business, Commerce and Management Studies (Required)

go to method of application »

Job Summary

The role is responsible for supporting the Absa Group Chief Executive (CE) and Exco in conceptualising, formulating, communicating, executing and sustaining the strategic corporate initiatives that further the vision and mission of the business, including development of metrics and reporting capabilities that measure effective implementation of strategy across the Group. The role is also responsible for developing and managing the Group’s reputation as a Pan African Bank with global reach that is committed to, and investing in, African growth. This role achieves this through strategic brand management, including related internal and external activities. This leader is a key member of the Group CE’s office, with responsibility for influencing and collaborating with members of the Executive Committee and the broader network of leaders across the business in ensuring a clear, cohesive group strategy is communicated, implemented and measured for effectiveness; and that the desired corporate reputation is achieved.

Job Description

Accountability: Strategy Formulation, Translation and Reporting

• Lead development of the Absa Group Strategy and objectives through the identification of strategic issues and opportunities that position the Group for profitability, growth and sustainability.
• Through research capabilities and effective partnering with Businesses and Corporate Functions determine customer-centric market insights, strategies, propositions and enablers for growth.
• Facilitate clear strategic choices about the portfolio of initiatives that will drive the growth and transformation of the business and enable disciplined execution of these strategic initiatives.
• Develop and embed a data driven approach to analysing and driving performance and growth against chosen business strategies. Implement an overall EXCO dashboard of measures and metrics; and drive effective cascading of KPIs / KPAs from Exco performance contracts through all levels of the organisation.
• Maintain a robust measurement, listening and insights platform to feed the Executive team with near-real time data insights on business strategy performance, and industry, markets, regulatory and competitor developments and trends.

Accountability: Reputation and Stakeholder Management

• Define and implement an Absa Reputation Management Strategy that enables the organisation to achieve its strategic objectives.
• Conduct ongoing and targeted engagement with key stakeholders in order to understand the market environment and trends, build relations and to position the Absa Group favourably to achieve a positive business-enabling reputation for the organisation.
• Ensure effective interaction with executive management in the group by liaising with the Chief Executive, Exco members as well as the Board of Directors. Provide support in strategy formulation for different projects and initiatives.
• Establish collaborative and trusting relationships with the business's key internal leaders and stakeholders in order to ensure that there is a free flow of ideas and information across the business leading to suitable strategy formulation and overall business performance enhancement.
• Participate in external forums to establish and maintain networks and partnerships in the financial industry, across the continent and globally to keep abreast of industry developments, and actively shape industry developments to enable achievement of organisational objectives.
• Build a strategic Absa / Industry/ Global network of thought leaders, relationships and partnerships to enable achievement of business objectives.

Accountability: People Management

• Provide clear direction on strategic goals, translating and prioritising them into effective budget and resource allocation, business and performance objectives and measures.
• Lead the people agenda across the function with a strong focus on diversity and inclusion, performance management, talent and succession management, skills retention and colleague development.
• Build a high-performance team culture underpinned by strong employee engagement.
• Review and sense check succession plans in place for mission critical roles and ensure that Group transformation objectives have been incorporated.
• Grow business leaders in the function and across the broader organisation through mentoring activities to build a pipeline of future senior leaders across the Group.

Accountability: Risk Management

• Establish and maintain a Strategy and Reputation Management Risk Dashboard and Profile and set the acceptable risk appetite with input from Group Risk.
• Take accountability for the assigned principal risks in terms of the Enterprise Risk Management Framework and ensure that adequate controls are in place.
• Clearly articulate and embed a risk culture that ensures resilience across the Strategy and Reputation Management function.

Education

• Master's Degree: Operations Management

go to method of application »

Job Summary

• To provide strategic direction through analytical research and modelling support across the strategic planning process.

Job Description

PROPOSED KEY ACCOUNTABILITIES

• Key accountabilities include identifying early warning signals as well as opportunities to optimise value bases on the industry trends, competitive landscape and regulatory trends. To assess banking/insurance profit pools, likely scenarios and implications for strategy and to specify, continuously measure and report on strategic KPI’s.
• To help develop the templates and frameworks to be used by the BUs during the strategic planning process. As well as to support BU's planning process by coaching them on the use of frameworks and templates and helping build models and analyses for their strategic plans.
• To provide analytical, research and modeling support to the directors during special projects

Education

• Postgraduate Degrees and Professional Qualifications: Business, Commerce and Management Studies (Required)