Financial Sector Analyst & Performance Measurement Manager at FirstRand Corporate Centre

Job Description

• The performance measurement Financial Sector Analyst delivers high-impact financial sector analysis and strategic insights across the banking institutions and financial services activities. This role supports internal stakeholders with competitor benchmarking, profit pool analyses and insights into strategies.  
• Responsibilities include analysing domestic competitors’ strategies, income drivers, returns, volatility, historical trends and forecasts.  The role also manages certain operational aspects of the Group’s Performance Measurement function, supports capital allocation process and designs measurement approaches for various business areas.  The incumbent will collaborate across franchises and committees, ensuring robust analysis and governance.

 Financial Sector Analysis

• Conduct in-depth competitor analysis of the financial results of peer group banks and other financial sector entities and activities including segment and product levels.
• Analyse domestic competition’s strategy, income drivers, returns, volatility, historical trends and forecasts
• Develop visualisations and summary notes for board submissions and strategic reviews. 
• Present analyses at internal committees and forums
• Produce market commentary on press releases and trading updates, including impact analysis on FirstRand’s market position.
• Implement and maintain a robust database for ongoing analysis.  Maintain well-structured worksheets with sufficient detail for future analyses. 
• Prepare reports and professional presentations for committees (e.g. the FirstRand Board, FRM committee, broader Africa Exco and Franchise excos and forums etc.)
• Analyse market information e.g. BA 900, NCA data, pillar III information etc.
• Conduct ad hoc analysis for new markets the group may enter

 Performance Measurement 

• Drive / support all operational aspects of the Performance Measurement function
• Support the annual Performance Measurement Framework review process
• Support the calculation of cost of equity for the group and all the jurisdictions in which it operates
• Manage the process and analysis of capital allocation and potential optimisation of allocation approaches for specified segments as required.  This includes the allocation approach on economic capital as well as regulatory capital for segments for which the role is responsible
• Deliver calculations required for the remuneration committee annually, liaising with the relevant segments
• Perform monthly, quarterly and semi-annual Performance Measurement analysis for internal purposes and external disclosures
• Improve and automate performance measurement processes. Maintain appropriate controls to ensure robust governance on all deliverables  
• Research and design new performance measures across the group including benchmarking against local and international banks. 
• Design measurements for insurance businesses
• Analyse and report segment returns at activity level.
• Review analyses and deliverables of other team members as required
• Proactively identify opportunities to innovate and enhance performance measurement methodologies, leveraging best practices.
• Develop materials that educate non-financial stakeholders on performance measurement.

General

• Develop and maintain relationships with the FirstRand franchises and internal committees, i.e. FNB, RMB, WesBank, Ashburton and Aldermore, as well as the broader Africa subsidiaries.
• Collaborate with FirstRand Corporate Centre, including Group Treasury, Group Finance and ERM.
• Respond to ad hoc requests from senior executives with agility and precision.