With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
Actuarial Science qualification preferred
Statistics, Mathematics, Finance, Investments Related Qualifications
Any other quantitative qualification
CFA is an added advantage
Proficiency in MS office (Excel, Powerpoint, PowerBI)
Coding in Python/R/MATLAB or any other quantitative/statistical software
Job Description
Strategic asset allocation and investment strategy
Conduct local and global research on market and economic conditions and trends; fundamentally, quantitatively and qualitatively
Gather data, perform statistical analysis and build market and economic forecasts using time-series modelling techniques, parameterising financial and economic models, and introducing machine learning algorithms like neural networks
Run the Strategic Asset Allocation model using established asset allocation frameworks and present any recommended changes to Asset Allocation Committee
Outcomes
Delivering market-beating investment performance
Publications of high-quality and in-depth and up-to-date regular research reports
Producing accurate asset class return forecasts
Portfolio management
Management of quantitative investment portfolios
Management and rebalancing of specialized portfolios such as living annuities, life-stage portfolios
Portfolio trading and rebalancing of offshore and local portfolios
Outcomes
- Implemented portfolios are managed in alignment to Houseview and/or any relevant model portfolios
Conducting detailed, in-depth and high quality fundamental research on companies looking at their strategy, operations, financials and valuations with the aim of making high-conviction investment recommendations for the local and global portfolios
Incorporating ESG into the investment management philosophy and process and integrating this into the bottom-up research process
Applying the latest techniques and using technology and data effectively in assessing company operations, financials, strategy and valuations
On-going monitoring of company developments and on-going reassessment of company investment cases in-light of changing operating environments
Outcomes
Production of timely, high quality and informative research reports including the daily and weekly Markey wrap
Providing high quality, in-depth and informative stock presentations to the investment committee on an on-going basis to keep the committee abreast with stocks covered
Providing stock recommendations to the Investment committee with a high level of conviction
Stakeholder engagement
Objectives
Engaging with various stakeholders within other areas of the business, gathering data to identify business problems, objectives and processes requiring solutions
Developing solutions appropriate to meet the needs of stakeholders
Monitoring the outcomes of the solutions regularly and ensure a feedback loop to the problem idenfication process
Communicating the results of the solutions on a regular basis
Outcomes
Developing investment solutions and value propositions for other areas of the business that aid in them fulfilling their targets and objectives
Expanding the investment product offering with launching of new portfolios to meet the needs of
Developing and/or enhancing processes to improve investment outcomes
Regular client meetings to report on performance of solutions
Client/Media engagements
Objectives
Upholding and representing the Absa brand
Marketing Absa Investments as well as broader business units where applicable
Outcomes
Regular presentation of market and macroeconomic research to internal distribution channels
On-going external communication and engagement with media and clients
Upholding and representing the Absa brand
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised
