Manager: ARO Capital Management - Sandton at Absa Group Limited (Absa)

Key Responsibilities:

Consolidation and Reporting

• Subsidiary Capital Plans: Oversee the consolidation and aggregation of entity capital plans for monthly actual reporting and forecasting cycles.
• Management Reporting: Prepare and disseminate management reports within Treasury and other committees, outlining key capital information and overall outlook.
• Capital Utilization: Monitor capital utilisation and ensure adherence to approved targets.
• Data Analysis Tools: Become proficient in data analysis tools (e.g., Excel, MI tools, PowerPoint) as used by Absa.

Regulatory Capital Submissions

• Regulatory reporting: Collaborate with the Group Regulatory Reporting team to finalise and review regulatory capital submissions and management reports.
• Process management: Manage the process during critical workdays each month, facilitate data reconciliation, and ensure signoffs prior to regulatory submission.
• BA610 reports: Manage the accountability and reporting process for the capital sections of the BA610 regulatory returns.
• Data handling: Gather data, document assumptions, perform reconciliation calculations, and produce specific report sections.

Capital Risk and Shareholder Value Performance Management 

• Risk management: Maintain a robust capital plan addressing risks and challenges that may arise, for each ARO subsidiary, in their local capital position.
• Peer analysis: Align capital resilience with peers, assess performance, and identify actions for improvement where required. Monitor market trends and peer activities applicable to capital management.
• Dividends: Ensure compliance with dividend policies by closely monitoring surplus capital and ensuring subsidiaries meet their Group obligation for shareholder value. Manage timelines and associated approvals of dividends, oversee the monthly operations of the Dividend Hedging Committee to optimise hedging activities for subsidiary dividend receipts.
• Risk-Weighted Assets (RWA) monitoring and optimisation: Monitor and report on RWA monthly, tracking performance against established limits and risk appetites ensuring subsidiary awareness. Group priority focus on RWA optimisation on both local and SARB regulatory requirements, collaborate with subsidiaries to identify and action on opportunities for RWA optimisation.
• Foreign currency capital risk: Monitor and report on foreign currency risk impacting the capital positions of subsidiaries, with a focus on US dollar exposures. Ensure that subsidiaries preparedness for stress scenarios and communicate results to management for strategic awareness. Identify short-term FX vulnerabilities and ensure that management is informed and prepared to implement appropriate measures to mitigate currency risk.
• Shareholder value proposition & capital efficiency: Enhance balance sheet and capital utilisation by focusing on key capital performance metrics. Ensure the efficient use of capital for balance sheet growth by adhering to capital allocation principles.
• Focus on alignment with financial resource management principles to achieve robust return on equity. This includes maintaining a strong Return on Equity (RoE), achieving a Return on Regulatory Capital (RoRC) that surpasses benchmarks like the Cost of Equity (CoE), and monitoring Net Capital Creation (NCC). These measures help track and enhance the value subsidiaries contribute to the overall shareholder.
• Team collaboration: Foster a culture of capital management discipline and ensure service level agreements (SLAs) are met. Ensure subsidiary teams proactively address capital concerns with the Centre team and enhance capital management skills.

Education and Experience:

• Bachelor’s degree in accounting or quantitative finance
• Prior banking experience, preferably in a Treasury environment.
• Strong skills in data reporting and analysis.

Knowledge & Skills:

• Innovative thinker and problem solver.
• Broad understanding of banking and financial markets.
• Knowledge of Basel III is and Capital Management.
• Proficient in Excel and PowerPoint.

Competencies:

• Attention to detail.
• Affinity for working with numbers and data.
• Clear communication skills.
• Effective networking and relationship-building.