Country and Sovereign Risk Manager - VP at Absa Group Limited (Absa)

Job Summary

• To assess, monitor and manage sovereign and country risk of the jurisdictions the bank takes risk in.
• The qualified candidate will join the Absa Group Limited Country and Sovereign Risk team, which is part of the Group Credit Risk unit.

Job Description

Key Accountabilities:

• Focus on country and sovereign risk portfolio management
• Enhance and manage country & sovereign risk governance related matters including engagements with external bodies (i.e. banking associations.)
• Manage and consolidate trigger frameworks as well as the associated actions. 
• Develop and maintain information & research sources relevant for country and sovereign risk management. 
• Coordinate the embedment of the bank’s strategy, priorities and targets within the country risk team.
• Ensure operational and administrative efficiencies are achieved within the team. 
• Support the Head of Country & Sovereign Risk with implementation of frameworks, models and policy enhancements.
• Develop systems and processes to track adherence to sanctions conditions.
• Develop and provide input for (country and sovereign) risk models (i.e. understanding sovereign PD models) as well as giving input in deal structuring to mitigate risks.
• Manage limits and exposure data of the portfolio, ensure accurate and efficient reporting.

Preferred Experience:

• Manager in risk or economic research (in a financial sector entity) field.
• Country and sovereign credit risk analytics
• Understanding of country, credit and market risk
• Experience in a similar environment at Financial Institutions, Multilateral Institutions, Research Companies, Rating Agencies, etc.
• Experience with working on bank limits and exposure data
• Economic Research and Report Writing
• Understanding of sovereign ratings and Loss Given Default models
• Knowledge of banking products and operations

Education

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

End Date: July 4, 2025