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
Play a key role in supporting financial resource management initiatives. The main focus is to:
- Support optimal and efficient allocation and usage of scarce financial resources (capital, funding and leverage exposure) across the Group.
- Support the facilitation of the optimisation of value-aligned performance measures (Return on Capital) based on the plans for the clusters.
- Understanding of the regulatory environment and upcoming changes for both Capital and Liquidity. Analyse the impact of upcoming regulation that has the potential to impact the availability of financial resources within CIB. Translate impacts on current portfolio as well as forward looking assessment.
Key accountabilities
Financial Resource Management
- Obtain and monitor the risk-adjusted performance metrics and financial resource usage for each relevant business unit area.
- Support business on the efficiency of the funding profile.
- Support financial resource optimisation initiatives and provide support for capital allocation requests in plans according to these initiatives.
- Provide decision support that is business enabling and solution orientated.
- Provide challenge to each business area on the opportunities to maximise the returns on financial resources, with a particular focus on integrated plans, pricing tools and new product approval processes. Partner with business and advise on financial outcomes of decisions, with proactive identification of value-generating and destroying behaviour.
- Provide support to each business area on the opportunities to maximise the Return on Capital (RoRC), which includes integrated business plans, pricing tools and new product approval processes.
- Provide input into committee meetings and forums and source and prepare Management Information for effective decision making.
- Ensure the above objective is achieved within the approved regulatory constraints and Risk Appetite, with a particular focus on capital, funding and leverage.
- Provide support toward ensuring adherence to financial resource policies and limits.
- Monitor /manage appropriate action plans to close gaps identified as part of the existing finance and strategic planning process.
- Monitor resource usage on a weekly basis vs forecast.
- Monitor pipeline and message expected funding requirement to Treasury
- Experience in Financial resource management (either Capital, funding, leverage)
- Understanding of banking regulations
- CIB product knowledge
- Experience in risk adjusted performance measurement
- Experience engaging with multiple stakeholders across finance, business and risk
- Good analytical skills, IT efficient, good presentation skills, independent worker with strong time management skills and able to work under pressure.
Higher 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
