Job Vacancies at Absa

Job Summary

• Work within the team in Africa Treasury to deliver effective balance sheet analysis using the Group’s QRM system.  The team will be responsible for delivering the analysis to assess the region’s NII sensitivity under multiple interest rate environments and provide the reporting to assess exposure against limits.
• The immediate priority for the role holder is to deliver QRM for ALM, Liquidity, Capital & Balance Sheet Management + FTP ensuring sign off of the risk reporting and development of the analytics to ensure the value of the analytics are fully realised.

Job Description

Key Accountabilities 

Accountability:  Deliver robust ALM, Liquidity, Capital and Balance Sheet Management Analytics

• Work with the Africa Treasury team to deliver QRM implementation for the region’s ALM, Liquidity, Capital and Balance Sheet Management and FTP solution
• Produce robust ALM, Liquidity, Capital and Balance Sheet Management analytics
• Ensure the analytics are recognised across Product and Finance sphere
• Work with Product teams to implement robust MI across scenarios
• Work with colleagues in Africa Treasury to support incentives to optimise NII and balance sheet metrics
• Provide stress testing capability to the region’s balance sheet to support balance sheet optimisation across key metrics

Accountability:  Business Partnering

• Assist in providing robust analytics to the Africa Treasurer to enable them to work effectively with Product teams and provide effective business partnering support
• Accountability:  Improve Governance Structure
• Assist the Senior QRM Consultant to work with colleagues in Africa Treasury to deliver a robust governance framework across all Africa Treasury functional pillars(ALM and  Liquidity)

 Accountability:  MIS

• Reconciliation analysis and transfer of incidences to the country finance teams
• Maintenance of dictionaries: codes, dimensions, setting up tables etc.
• Reception and load of local specific market data, business scenarios and modelling criteria  
• Check the content and format of reports.
• Compare the current month reports with previous months report to flag any adverse changes.

Accountability:  QRM Skills

• Development of standardised modelling of behavioural balance sheets for the GRB Clusters using QRM for Liquidity, FTP and IRRBB. This involves ensuring that the re-pricing characteristics, new business forecasts, contractual capital repayment & prepayment of products are correctly captured.
• Maintenance of dictionaries: codes, dimensions, setting up tables etc
• Run the QRM Cluster model
• Run Cluster specific scenarios to cover specific local issues
• Business process maintenance (SH, securitization etc)
• Reviews and recommendation of model changes/ enhancement by  Market Risk
• Develop local ad-hoc reporting from QRM
• Specify and perform functional and non-functional testing of QRM model for Clusters and Group.
• Perform UAT of the models
• Produce appropriate documentation and training material to enable handover to a BAU team.

Technical Skills

• Good understanding of data analysis , file creation and using various tools and file formats e.g.,  CSV, XML, Excel and SQL Tables
• Ability to specify processes and produce documentation for data validation and reconciliation.
• Ability to work on  data reconciliation and GL reconciliation processes to ensure delivery of accurate data
• Ability to work independently and assume responsibility for System Integration Test and User Acceptance Testing.
• Must show strong initiative to proactively find solutions to requirements.
• Strong organisational skills including ability to manage multiple tasks and prioritise.
• Strong communication and documentation skills as the role will involve close liaison with business representatives, IT representatives, the vendor (QRM) and senior stakeholders, so communication and presentation skills are important.
• Modelling of  financial instruments , the pricing of such financial instrument to produce Risk Metrics for ALM, Liquidity , FTP and Capital Management
• Development exposure to tools such as visual basic, Fortran , c# , SAS.

Education and Experience Required

• Degree in Economics, Mathematics, Physics or another quantitative subject.

Knowledge & Skills: 

• Able to balance theoretical knowledge with a profound understanding of what is commercially viable, ensuring that ALM, Liquidity, Capital and Balance Sheet management activities increase shareholder value.

Competencies: 

• Deciding and initiating action
• Learning and researching
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating

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