Manager: Capital Management at Absa Group Limited (Absa)

Job Description

The role of Manager: Capital Management is available in our Group Treasury Capital Management team. This role provides support to the Head of Capital Management to ensure that the capital metrics of the regulated entities across the Group are accurately calculated, reported and managed within the Group’s regulatory requirements and risk appetite.

Accountability: Group Audit and Compliance Committee and Board Reporting

• Prepare the Group’s solvency and liquidity test to ensure compliance with the Companies Act.

• Liaise with Finance and other stakeholders to collect the necessary information required for committee and Board reporting.

• Prepare Board papers for the solvency and liquidity test.

• Prepare the Group and Bank dividend proposal papers for the Financial Director’s report.

• Prepare the Group going concern papers for the Financial Director’s report.

• Take the lead in coordinating intergroup financial assistance including getting the necessary approvals and full compliance and documentation process.

Accountability: Monthly Regulatory Capital Reporting

• Take the lead in the monthly flash process to enable the management of regulatory capital ratios.

• Consolidate cluster information for the flash process.

• Work closely with the capital demand team to get an understanding of the key drivers for the capital demand movements.

• Provide commentary to management on the drivers of the movements in the Capital ratios/ metrics.

• Perform variance analysis on regulatory capital metrics to plan and investigate differences to plan.

• Track the capital adequacy ratios, including leverage, against the board targets and against regulatory minimums.

• Provide inputs into the Dashboard for Absa Treasury Committee reporting and ensure the accuracy of the data to be presented.

• Review the BA700 and work closely with the Regulatory Reporting team to ensure the accuracy of the BA700 data.

Accountability: Monthly Economic Capital Reporting

• Calculate the Group and Bank’s available financial resources (AFR).

• Calculate the Group and Bank’s economic capital ratios

• Ensure the accuracy of the available financial resources and economic capital ratios on various systems including CompassX and the AbsaRisk cube.

• Load the economic capital data on the AbsaRisk cube and ensure accuracy of the data.

• Run and review the regulatory capital and economic capital reconciliation and investigate differences.

Accountability: RDARR Capital Management

• Perform necessary attestations and process reviews to ensure compliance with the Risk Data Aggregation and Risk Reporting (RDARR) Policy.

• Perform required duties as the Capital actuals data steward.

• Maintain the capital RDARR process on the Voltron system

Accountability: Training and Development

• Provide training to various stakeholders on request

• Provide training to the Treasury Young Talent     

Accountability: Policy Governance

• Review Capital Risk policy and related standards and ensure the policy is relevant to business activities.

• Assist in drafting new standards or policies as required by changes in regulatory requirements or business practices and requirements.

Accountability: Recovery and Resolution Plan

• Determine the viability threshold for recovery options

• Review and coordinate the capital inputs into the Group and Bank Recovery and Resolution Plan

• Work with Treasury Risk to determine the capital early warning indicators and point of failure.

• Keep abreast of regulatory changes and requirements on the resolution regime.

• Perform the calculations to determine the amount of FLAC required by the resolution authority

Accountability: Weighted average Cost of Capital

• Coordinate and Review the internal Absa Group and Absa Bank Weighted Average Cost of Capital (WACC) calculation.

• Coordinate and Review the population of the funding template including the cost of capital reported to the PA

• Coordinate and Review the population of the main features template as required by pillar 3 regulations

• Ensure every updated to the main features template is timeously published on the Groups website

Education and Experience Required

• Charted Accountant or Qualified Actuary or master in business Administration 9MBA) or equivalent NQF level 7 qualification or higher

• CA/CFA/PRM/FRM advantageous

• Minimum 3-4 years banking / financial services experience.

Knowledge & Skills:  

• Highly numerate individual with a strong quantitative / analytical background

• Experience with advanced excel and VBA an advantage

• Risk Metrics and profit calculation and attribution

• Attention to detail

Competencies:  

• Advanced problem solving skills

• Interpreting trends, analysing data and information to make decisions

• Taking ownership and working independently

• Creating and Innovating

• Teamwork

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