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  • Posted: Jul 23, 2021
    Deadline: Not specified
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    Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of A...
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    Financial Resource & Regulatory Research manager

    Job Summary

    • The role of Manger: Financial resource Management and Regulatory research is now open in Group Treasury.

    Job Description

    Key accountabilities

    Financial Resource Management

    • Challenge business on the optimisation of the funding profile.
    • Challenge business on the maximization of sustainable long term Economic Profit (EP) and Profit after Regulatory Capital Cost (PARCC).
    • Ensure the above objective is achieved within the approved the Regulatory Constraints and Risk Appetite, with a particular focus on capital and funding.
    • Support Financial Resource Optimization initiatives per product, client and distribution. Request capital allocation in plans according to these initiatives.
    • Provide decision support that is business enabling and solution orientated.
    • Obtain and monitor the risk adjusted performance metrics for each relevant business unit business area.
    • Provide support to each business area on the opportunities to maximize the return on capital and profit after capital cost in particular with focus on pricing tools and new product approval processes.
    • Ensure adherence to financial resource policies and limits.
    • Manage appropriate action plans are put into place to close gaps identified, as part of the existing MTP and strategic planning process.
    • Makes recommendations to management and stakeholders and estimates expected current and future year business results/impacts.

    Research and Regulatory Strategy

    • Conduct general research into financial sector by sourcing information from various sources including Regulators and public disclosures in order to understand the factors which influence banking performance and the utilisation of financial resources.
    • Research targeted companies and economic trends both locally and internationally.
    • Obtain, read and analyse research from research houses (debt and equity) for possible research and investment ideas.
    • Perform and co-ordinate multiple, concurrent research projects and produce outputs for various stakeholders.
    • Continuously evaluate external environment, specifically upcoming regulatory changes (prudential, conduct and market infrastructure), and assess the impact on the area’s activities and availability of financial resources.  Where required, discuss any changes which will result in an overall strategic impact with senior stakeholders and, thereafter make agreed amendments to plans.
    • Assist when appropriate in regulatory advocacy efforts, through contributions to industry forums.
    • Produce research without supervision.
    • Recognised as an expert in their discipline.

    Stakeholder management

    • Establish and manage relationships with both internal and external sources of information/industry role players and clients in order to deliver on objectives.
    • Build and maintain relationships with both internal and external role players eg research forums and industry meeting/forums.

    Commercial effectiveness

    • A high level of focus on client relations. Always proactively seeking to improve the relationship. A role model to team members.
    • Identifies and builds on revenue or cost saving opportunities.
    • Priorities the output of the team/self, ensuring delivery within deadlines.
    • Has good understanding and is up-to-date with relevant

    Education

    • Postgraduate Degrees and Professional Qualifications: Financial Sciences (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

    Method of Application

    Interested and qualified? Go to Absa on absa.wd3.myworkdayjobs.com to apply

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