Jobs at Absa

Job Summary

• Absa Investment Management Services (AIMS) is seeking to hire an Investment Specialist to form part and support a dynamic team of professionals with a focus on products, funds and servicing customers. 
• The role is highly analytical and with a need for creative problem solving, strong project management skills, solid financial acumen. Knowledge of insight into financial principles, processes and proven ability to identify inconsistencies in data.

Job Description

• The Investment Specialist supports the end-to-end management of Products, Funds available on the Absa Investment Management Services platform, an administrator of financial products. The specialist is expected to work closely with all the relevant AIMS departments. Utilizing skills to produce and embedding specialised detailed reports for analysis and presenting to senior management. Quantitative and qualitative ability and proficiency on computer program like office and other financial tools will be advantageous. Keeping abreast with regulatory and legislative changes in the industry. Management of key internal legal, compliance, technology stakeholder and external stakeholders thus Insurers, Asset Managers, and other stakeholders (providers of investment management services).

Products

•        Maintain existing Product Brochures, Terms and Conditions and Training Guides (adhoc basis)
•        Perform Analysis (Asset under management, flows, revenue and distribution channel analysis)
•        Structured Product Analysis
•        Loading of the New Tranche
•        Manage the communications, training and distribution and engage with internal stakeholders(Controls Accounts, Quotes and Communication)
•        Guaranteed Product
•        Weekly rates pricing
•        Reviews, Reporting, New Business, Withdrawals, Assessed Tax Loss Monitoring, Insurer Product Material and communication
•        Weekly Rates and competitor Analysis

Funds (CIS, Wrap Portfolio, ETN/ETF, PSP, Structured Product )

•        Manage the end to end third party Qualitative and Quantitative review of the third party business partner  (Fund's management structure, the business and reputational risk) - Communicate the request; Acknowledge receipt; Analyse and Decision (leverage from internal/external stakeholders researchers)
•        Management of Funds on to Platform (dealing internal stakeholders) - Ballots, Fund Mergers
•        Supporting Manage instruction the end-to-end with internal Teams – Control Accounts, various system and business owners (Quotes, Operations, Finance etc)
•        Supporting Service Level Agreement (SLA) with the third party business partner.
•        This is a legislative requirement to ensure that the funds on the AIMS platform meet the minimum requirements, such as, minimum inflows in terms of the Rand value.
•        Monitor and enforce business targets set out in the SLA with the third party business partner to ensure that there are minimum Rand value inflows in terms of the fund.
•        Engage with the third party business partner to manage non-compliance process with regards to the SLA.
   

Regulatory Retirement Funds Reporting

•        Manage Retirement Fund Regulation 28 Asset class regulatory limits; across systems and reports. Keeping abreast with legislative with Regulation 28 changes  (QDS - Morningstar vs GIR)
•        Managing the Retirement Fund Breaches; Executive summary to the Board of Trustees; which requires analysing and producing the reports; communicating to advisors and clients; and finally create the rebalancing instruction of non-complaint breaches in line with regulation.  
• Product and Distribution Pricing 
•        Understanding how the Effective Annual Cost (EAC) is calculated.
•        Keeping abreast with the ASISA standards on changes with respect to the EAC, and apply these changes to the internal processes.
•        Carrying out work to change the clients’ portfolios such as fund switches

Adhoc Queries and Support

•        Provide feedback and training on advisor or client queries.
•        Determine/Identify and provide adhoc support to internal AIMS departments and other distribution teams.
•        Product Technical Guide - Creation and Maintenance of Product Technical guide

Supporting Technology Innovation

• AIMS as a business is continuously looking at ways for improving and providing efficiency in delivering it services to their customers. You will be required to contribute and own parts of the new initiative “Product and Funds Rules Engine” with intent to replace multiple systems and enable the product team to take new product features quicker to market.

Education

• Bachelor`s Degrees and Advanced Diplomas: Finance and Investment Management (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