Latest Jobs Vacant at Absa Group Limited (Absa)

Job Description

Accountability:

• Execute Assurance Assignments
• Drive data analytics testing strategies and real time assurance initiatives through engagements
• Contribute to reporting processes using data analytics capabilities
• Assist the Assurance Manager with planning of assurance assignments.
• Assurance assignments will include Contracted, Adhoc reviews, Deep dives, and Conformance reviews.
• Assist Assurance Managers in communicating the risk assurance review scope, approach, objectives, timelines, and resources as per the detailed Assurance Plan, by drafting a Notice of Commencement and Engagement Memorandum for approval and distribution by the Assurance Manager to business.
• Conduct an opening meeting (should be formally minuted) with the relevant Business Unit Management to introduce the RA team members and to discuss the purpose and objective of the assignment, the risk assurance resources to conduct the review and the assignment approach, and to obtain an understanding of the process owners in the business unit.
• Perform risk assurance reviews by compiling a universe for the related business unit review, perform process descriptions and confirm processes, identify areas of risk, identify controls, evaluate the adequacy of controls, perform effectiveness testing on adequate controls as detailed in the risk assurance assignment methodology. (Risk Assurance methodology outlines the detailed procedures to be followed).
• Compile and complete accurate working papers and obtain approval from Assurance Manager. · Provide accurate feedback to Business Unit Management regarding control failures identified on a continuous basis, by means of verbal communication.
• Communicate all control weaknesses continuously to Business Unit Management in writing after a quality review has been performed by the Assurance Manager on the work papers.
• Perform reviews within timelines and allocated budgets.
• Assist the Assurance Manager in respect of ensuring quality of work performed during reviews, by performing quality reviews on working papers of peers.
• Obtain agreement and buy in from business regarding control weaknesses and remedial actions identified during the risk assurance assignment, by holding a formal Close Out meeting where consensus is reached with stakeholders and the process regarding disagreement with RA findings, ratings or content of the report is enforced.
• Report weaknesses identified during Risk Assurance reviews to the relevant Business Unit Management by compiling a draft risk assurance report which will include an executive summary and conclusion of high quality and obtain remedial action and appropriate milestone and due dates to ensure identified risks are timeously and effectively mitigated.
• Provide Business with an objective, clear, concise and value-added assurance service by compiling a high quality assurance Draft report and Final Report.
• Finalise the Final report and provide to the Assurance Manager for final approval and distribution to business.
• Apply effective time management by completing assurance assignments within the specified timelines as per the Engagement Memorandum or Notice of Commencement issued to business
• Maintain and monitor a high standard of quality of work performed by all consultants during the assignment by adhering to the minimum requirements detailed as per the RA assignment methodologies.

Education

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

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Job Description

Accountability: Model development

• Develop and monitor IFRS9 and/or Regulatory Capital models in-house ,PD, LGD or EAD models or  scorecard models through sound methodologies and statistical analysis.
• Enhancing / refreshing existing models already in place.
• Proficiency in SAS coding is essential.
• Updating models to reflect latest forecasted macro-economic factors; and communicating this impact.
• Testing that model build data is of sufficient quality and completing statistical data analysis to ensure this.
• Producing detailed model build documentation.
• Assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and with testing (comparing implementation results with documented model) to ensure the model is implemented correctly
• Develop theoretical understanding and practical application of models.
• 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. This includes responding to Independent Review questions and reworking the model build to resolve issues raised.
• Provide detail around the appropriateness of models.
• Perform and report impact analysis, including that of model updates.
• Work in a manner that allows models to easily be revisited or handed over.

Accountability: Stakeholder management

• 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.
• Present impacts of model updates / model refreshes.
• Generate appropriate challenge on model builds from around the cluster by discussing model build detail and ideas.
• Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions.
• Explaining methodologies and data feeds to stakeholders when needed.
• Develop and maintain relationships with relevant business units by understanding the business units' requirements and obtaining feedback.
• Interact with Credit teams when details of their operational processes is required to understand the data / incorporate into the model methodology.

Accountability: Consultancy

• Share insights on the models for which you are responsible for. E.g., on the data used to build the model, drivers of the model, methodology, etc.
• Perform analysis on models to understand impacts, changes, etc.

Accountability: Governance and Adherence

• Familiarize yourself with Absa’s internal Model Risk Governance requirements and relevant Standards.
• Familiarize yourself with the regulations which govern model methodologies.
• Ensure that work which is performed adheres to the above.

Qualifications

• Statistics/Mathematics or similar. · Bachelor Honours Degree: Actuarial Science, or · Bachelor Honours Degree: Applied Mathematics, or · Bachelor Honours Degree: BMI – Business Management and Informatics, or · Bachelor Honours Degree: Mathematics, or · Bachelor Honours Degree: Statistics
• SAS programming proficiency

Preferred Requirements

• Banking Retail model development experience
• Years of experience: 3 - 5 years

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Job Description

• Operations Strategy: Set and cascade the operations strategy in alignment with functional strategy, and ensure resources are in place for its execution 
• Operational Excellence: Oversee the design, implementation, maintenance and continuous improvement of operational activities 
• Change and programme management: Oversee and direct the implementation of change programmes aimed at driving business strategy and improving operational efficiency 
• Business Risk and Compliance Management: Oversee the implementation of, and conformance to, Group Risk and Compliance requirements within the operating environment, in line with set risk appetite 
• Stakeholder Management: Actively promote and manage the collaborative engagement of internal and external stakeholders, including regulators, suppliers, clients, service providers, business partners and other Absa entities 
• People Management: Coach, mentor and manage team members toward driving business objectives and ensuring colleague development 
• Governance: Ensure the fulfilment of all required governance activities, including tracking and reporting

Accountability:

• Collections transformation: To effectively plan, manage and deliver change initiatives that will advance the Everyday Banking collections and recoveries. This entails both strategic and non-strategic book of work items. As the head of capabilities, this role is critical in leading delivery teams across multiple disciplines and teams within the organization.
• Systems enablement: Drive the enablement of collections operations through the following appropriate systems and technology i.e. voice & non-voice; robotics; debt manager (collections system) etc.:
• Incident management
• Deployment of change requests
• User Acceptance Testing (UAT) support teams
• Dialer and workforce management: Responsible for ensuring the effective usage of voice technology (Avaya dialer); drive the improvement in contactability and digital engagement; adequate management of workforce through effective scheduling and planning;
• Operational excellence: To manage the performance coaches and ensure that operational processes and procedures are executed in line with best in class collections standards;
• Quality assurance: independent quality assurance of collections operations; insights sharing both from the customer and collector engagements
• Management Information (MI), (BI),reporting and analytics: Lead an effective MI/BI team that reports on operational performance and provides management with views to support daily/weekly/monthly decision making through data driven insights.

Education and Experience Required

• Minimum NQF level 8 – Bachelor’s degree – Bcom or related
• Masters degree – desirable
• Credit Risk experience
• Minimum  8 years’ experience in a Financial Institution
• Minimum 5 year’s managerial experience
• Experience in utilizing data and technology to enhance collections capabilities

Knowledge & Skills: (Maximum of 6)

• Innovation and Continuous Improvement
• Familiarity with statistical tools and software
• An understanding of the operations of a banking service environment
• Experience in managing projects, including planning, execution, and monitoring
• Keeping abreast of changes in industry and developing own competency through continuing education

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Job Description

• Deep Dive Analytics - Analyse the transactional behaviour, profitability, tendencies and trends throughout the life cycle of the client using SAS base, SAS Enterprise Guide, Advanced Excel, SQL, Visualisation tools and any tool that may be identified for analysis from time to time.  Collaborates with both business and technical teams to drive understanding of both the requirement and the solution being implemented
• Modelling - Develop end-to-end plans and designs of models required to support in-depth customer behavioural analysis and predictions.  Translate business requirements into a technical specifications
• Analytical Insights - Perform data manipulation and analytical techniques to provide analytical insights and recommendations that support decision making to the business as and when required.  Development of sustainable BI solutions to address business needs, and identify opportunities to improve processes and strategies with technology solutions and identify development needs in order to improve and streamline operations.
• Networking - Build and maintain relationships within relevant business units by creating an understanding of their requirements and gather feedback.  Liaise with stakeholders and keep them updated on progress of the development of requirements.  Communicates data driven insights to business analyst and/or business stakeholders.  Responds timeously and professionally to ad hoc business requests
• Validate, Collaborate & Research - Continuously explore ways to enhance business performance by analysing key profit / cost / process efficiency drivers, key indicators, relationships and trends.  Develop a thorough knowledge of products, systems, platforms and related reporting.

Education

• Higher Diplomas: Physical, Mathematical, Computer and Life Sciences (Required)

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Key Accountabilities 

Accountability:  Tax advice 

• Manage the group’s multi-territory and cross border tax related activities to pro-actively identify, optimise and address identified tax opportunities and risks
• Monitor and research relevant international tax trends, legislative changes and relevant global economic/fiscal changes, documenating such and disseminating to the relevant stakeholders
• Review certain key business transactions amd initiatives
• Provide tax advice on all cross border transactions

Accountability: Compliance and Reporting

• Oversee and review TP compliance processes
• Manage SARS and ARO audits and information requests
• To the extent necessary the preparation of a detailed functional analysis for complex transactions

Accountability: Management of tax risk

• Understanding stakeholders' needs to provide value added and timeous tax advice and service through ongoing consultation
• Identifying and implementing (and/or supporting implementation of) TP tax opportunities
• Attending Forums, Mancos and Board meetings to present TP tax matters impacting the relevant entity
• Providing tax TP sign off on new products within the business
• Advising the business on the TP tax implications relating to transactions/projects and recommending solutions
• Liaising with external auditors to resolve identified TP tax findings
• Preparing tax briefs and liaise with external advisors to obtain TP tax opinions on uncertain tax positions relating to complex transactions
• Reviewing and providing commentary on changes in TP tax legislation impacting business
• Providing TP tax training to businesses where appropriate to enhance tax awareness and effective tax management
• Collaborating, provide opinion, implement guidance in relation to tax accounting, compliance, reporting activities carried on within and outside of the Group Tax function 
• Identifying and quantifying TP tax risks within business units related to significant transactions

Accountability: People Management

• Motivate and coach team members and ensure that their efforts are recognised
• Assist with the interviewing and recruitment of new members to the broader Tax team
• Maintaining a good working relationship with colleagues within the Group Tax team
• Enable upskilling by sharing knowledge and industry trends with colleagues during formal and informal interaction

General

• Develop and maintain industry knowledge and represent Absa on industry sub committees (e.g., BASA, National Treasury, etc)
• Supporting the Head of TP and International Tax as well as the Tax Leadership team in delivering the Tax Strategy

Role/Person Specification

Education and Experience Required:

• CA(SA) qualification or related equivalent
• Five years’ transfer pricing experience within the financial services industry across multiple jurisdictions
• Proficient in MS Office (Word, Excel, PowerPoint and Outlook)
• BCom with Economics is advantageous.

Knowledge & Skills:

• Ability to resolve complex tax and finance issues faced by banking firm and in an ever-changing environment
• Excellent technical transfer pricing 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 ability to look at the bigger picture
• A strong understanding of financial analysis
• Excellent provider of analysis and summaries
• Proven leadership skills
• Understanding of regulatory requirements

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Key Accountabilities

Accountability: Maintain Financial Systems Millennium/Sap ECC/Sap S4 Hana Data Integrity

• Contribute towards financial systems data alignment and integration
• Manage System Parameters
• Manage the update of Master Data conversion tables from Product GL Accounts/Cost Centre to S4 Hana GL/Accounts Cost Centre
• Establish and enforce a stable environment for the maintenance/enhancement of financial processes
• Monitor the enhancement of all conversion and parameter tables for new requirements to ensure that the financial flow of transactions are correct

Accountability: Manage and Maintain Finance Systems Sap ECC/Sap S4 Hana Operations including Master Data and Hierarchies

• Establish and consistently enforce sound system and internal controls to ensure that procedures are correct
• Ensure accurate and timely creation/maintenance of the financial system master data and apply relevant integrity checks
• Monitor Master Data Error Reports and resolve Master Data issues
• Monitor and resolve Product Interface transactions posted relating to unmapped Accounts and Cost Centres

Accountability: Millennium/Sap ECC/Sap S4 Hana Operational Delivery, User Support and Access

• Provide guidance, user support and training
• Develop and sustain knowledge and experience regarding product systems and general ledgers, in order to support business units with continuous quality service delivery
• Assist users and colleagues with queries regarding journal posting, transactions, balances and master data/hierarchy queries
• Liaise and escalate any problems/errors that need IT attention
• Manage access and security and maintenance of user authorisation levels
• Assist with the management of the day-to-day operations of the business area

Accountability: Stakeholder management

• Build strong relationships with key role players in order to have a clear understanding of their business requirements
• Understand the impact of the changes and inform business of any risks or impact as a result of changes
• Provide direction and input to enable Business Units to manage and resolve issues
• Ensure the satisfaction of the customer (internal or external) needs by responding efficiently, ensuring high quality of work and by meeting the required deadlines
• Liaising and providing external auditors with required information

Accountability: Accountability: Process Management

• Execution of processes as designed
• Constantly review, improve and maintain own activities to enhance the effectiveness and efficiency of processes
• Recommend areas for improvement in order to reduce cycle times, improve productivity, create capacity and improve process reliability and customer satisfaction
• Assist in the implementation of new and/or enhanced processes

Role/Person Specification

Knowledge and Skills

• Exceptional interpersonal and team-working skills
• Reporting System maintenance and enhancement
• Millennium
• Sap ECC/Sap S4 Hana
• Excel Experience
• Solid financial background
• System life cycle management
• Strong problem-solving skills

Education and Experience

• B Degree in Commerce or Advanced Diploma in Accounting or Advanced Diploma/B Tech in Information Technology (NQF Level 7.).
• 5 – 8 Year’s experience in Banking/Financial and Financial Systems.

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Key Accountabilities 

Accountability:  Managing the Finance Environment

• Execute strategic objectives as articulated by the Chief Operating Officer (COO) for the Business Unit (BU) explaining key focus areas to Executives and line managers.
• Review and present monthly financials and variance commentary at Divisional Manco meetings and where required support the Senior Finance Business Partners with presentation to EXCO Meetings.
• Implement and monitor cost control initiatives within the different functional areas within the Business Units in order to achieve overall Business Unit cost targets.
• Track cost savings benefits for the different centres within the business unit for which the role is responsible as and when required.
• Implement programmes and financial systems and policies as may be directed by the Senior Finance Business Partner for the financial year.
• Compile and present Financials to the relevant business owners on a monthly basis including financial actuals against forecasted trends.
• Conduct research and develop financial forecasts and indicators for the business to enable effective financial decision making and early warning systems.
• Participate in business initiatives or Group and Cluster financial initiatives on behalf of the business unit where required and ensure deliverables and frameworks are effectively implemented in own area of responsibility. (e.g. financial transfers between business units, group financial projects and business unit level financial drives and programmes).

Accountability: Financial management and Business Partnering

• Allocate duties to team members where required to execute and coordinate finance activities required within the business unit to ensure adherence to sound financial management and accounting practices within Business Unit.
• Monitor financial trends and identify gaps, based on gaps identified, motivate requests and new ways of work to the Senior Business Partner for additional resources including people, budget and equipment
• Obtain a thorough understanding of the business unit’s strategy and explain it to team members in such a way that they understand the contribution they have to mak
• Provide financial advise and guidance to line managers and business owners on new initiatives, current budget management practices and trends in expenditure in their areas of accountability.
• Explain targets and take accountability for the monitoring and achievement of own and team performance objectives in the department in terms of return on investments, financial risk, financial planning and governance. Create and present quarterly and monthly plans to ensure delivery for the year.
• Manage departmental budgets including signing off of invoices and quotes within mandate. Escalate out of budgets or items higher than approved mandate to the next level manager.
• Rigorously monitor expenditure against approved budgets for the areas of accountability and put measures in place to address variances. Continuously identify areas for improved efficiency and reduced cost.
• Conduct basic statistical analysis to track performance variances and determine the root causes of errors. Make recommendations for productivity or process enhancements to process owners
• Implement productivity improvement measures by coaching line managers on any new processes or on their areas for improvement.
• Populate balanced scorecards for the specific department on a monthly basis. Work with the team to address shortcomings during the next month. Escalate any major issues identified to the next level manager
• Participate in the measurement and reporting of internal and external Service Level Agreements on a monthly basis.
• Address any process failures specific to the department under management.

Accountability: Business Planning 

• Partner with the departments and the BU line managers to complete sound annual financial plans within the agreed timeframes.
• Review the 3 year forecast for Medium Term Plans (MTP's) for the area of accountability in accordance with BU strategy annually.
• Review the 3 year forecast for Short Term Plans (STP's) for the area of accountability in accordance with BU strategy annually.
• Review the 3 year forecast for Revised Annual Forecast (RAF) for the area of accountability in accordance with BU strategy annually.
• Review the expenditure against budget with accountable managers on a monthly basis and engage on areas of over expenditure or cost opportunities and help line managers to implement initiatives where budget savings can be made.

Accountability:  Governance

• Authorise the reconciliations submitted in terms of the GL Framework from the Finance Business Partner (FBP) on a monthly basis.
• Ensure that processes, control requirements and risk management frameworks that have been designed for the area are understood by all members of the team and that these are adhered to on a monthly basis.
• Monitor compliance training undertaken by team members and ensure that they complete the required training within prescribed timelines.
• Implement required governance forums to support improved financial management practices within own area of responsibility. (e.g. monthly finance reporting, monthly finance meetings).

Role / Person Specification

Education and Experience Required:

• NQF Level 6 or equivalent; Honours/Master’s Degree BCom Accounts is desirable
• Minimum 3 years financial management experience