Credit Risk Regulatory SME at Absa

Job Summary

To provide advice and support in financial practice formulation and associated best practice improvement tactics; enabling the provision of specialist expertise.

Job Description

Financial Leadership and Support to Business:

• Develop internal team capability together with the leadership team of the function with a focus on talent management, development, resourcing and retention.

• Motivate team members through coaching and mentoring them to perform optimally around the vision and values, create a sense of urgency and excitement around the business and ensure that they strive to deliver optimally.

Risk Management and Technical:

• Act as a leader for the area’s Risk Management Control Framework and manage and ensure compliance of the relevant policies.

• Implement areas identified in the review of audit issue/findings logs and ensure adequate attention is given to closure within the agreed timelines by the accountable incumbent within the team.

• Complete required compliance and attestations and ensure that impacted team members complete their attestations.

• Review and approve Control Risk Assessments (RCA's) prepared in the function.

• Complete attestations to testify to the adequacy of controls on request within specific area.

• Actively enable, participate and complete the Credit Risk BA regulatory returns, related controls within regulatory timelines in conjunction with the various regulatory return owners and their teams.

Financial management and Business Partnering:

• Working with business unit heads define the cost centre structures and rollup/consolidation to effectively manage the businesses performance.

• Define and instruct team on the formatting of management reports and contract with system developers and data providers to develop the reports.

• Ensure "one version of the truth" for all reporting and that management reporting reconciles/agrees to reports produced within other areas of the business.

• Review the variance analyses for the different business units as prepared by the team and discuss major variances, on the cost and income sides, with business unit heads to gain and understanding of the reasons.

• Review quality of and provide input into the Business Unit Exco reporting functions with a focus on the variances, reasons for variances and overall business performance of the cluster.

• Lead investigations into cost saving initiatives and make comprehensive recommendations to the business unit ME On request from project/change teams, provide input and support during the development of business case financials for new projects or initiatives.

• On a continued basis improve automated processing of credit risk regulatory calculations to drive an improved cost base and control environment.

Education

Bachelor`s Degrees and Advanced Diplomas: Mathematics (Required), Bachelor`s Degrees and Advanced Diplomas: Risk Management and Financial Risk Management, Bachelor`s Degrees and Advanced Diplomas: Statistics

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