Manager Group Finance - Johannesburg at Absa South Africa

Job Summary

Manage financial resource management initiatives. The main focus is to:

• Ensure optimal and efficient allocation and usage of scarce financial resources (capital, funding and leverage exposure) within ARO RBB.
• Facilitate the optimisation of value-aligned performance measures (Primarily Profit after Capital Cost and Return on Capital) based on the plans for the segment.
• Further responsibilities include advisory services to Risk, Corporate Development and Finance.

Job Description

Key accountabilitie

• Financial Resource Management
  • Obtain and monitor the risk-adjusted performance metrics and financial resource usage for each segment
  • Report on Financial resource consumption (RWA demand, leverage ratio, Returns, Shareholder creation, funding and liquidity.
  • Monitor performance against targets/plans with remedial actions to address deviations to plan
  • Maintain and run financial resource management prototype financial solutions to support financial resource management frameworks.
  • Support business on the efficiency of the funding profile.
  • Support financial resource optimisation initiatives and provide support for capital allocation requests in plans according to these initiatives.
  • Provide decision support that is business enabling and solution orientated.
  • Provide challenge to each business area on the opportunities to maximise the returns on financial resources, with a particular focus on integrated plans, pricing tools and new product approval processes.  Partner with business and advise on financial outcomes of decisions, with proactive identification of value-generating and destroying behaviour.
  • Provide support to each business area on the opportunities to maximise the Return on Capital ,RoRWA, EP and Profit after Capital Cost (PARCC) in particular, which includes integrated business plans, pricing tools and new product approval processes.
  • Provide input into various cluster level committee meetings and source and prepare MI for effective decision making.
  • Ensure the above objective is achieved within the approved regulatory constraints and Risk Appetite, with a particular focus on capital, funding and leverage.
  • Ensure adherence to financial resource policies and limits.
  • Manage appropriate action plans to close gaps identified as part of the existing finance and strategic planning process.
  • Projects to execute on efficiency initiatives that drive RORC and ROEC performance

Balance sheet Management

• Measure and clearly articulate monthly performance numbers for RBB against plan and risk appetite
• Understand drivers of movement in balance sheet
• Ensure monthly Portfolio Performance Reports (with commentary) are submitted in accordance with the agreed deadlines and required standards and that all actions are addressed and feedback given in a timely manner.
• Forecast capital metrics for the different budgeting periods, i.e. revised annual forecasts, short term plans (12 months) and medium term plans (60 months).
• Understand strategic initiatives for the cluster and the impact on the medium term plan (MTP).
• Measure impacts of any credit policy change, industry changes, including new and existing customer acquisition strategies
• Understand the interaction between the macro environment and performance and introduce in the forecasting process.
• Highlight any stress within the portfolios and propose mitigating actions.
• Ensure the allocation of capital resources across the business area to ensure that strategic and tactical plans are enabled at all times. 
• Understand impact of Regulatory changes on business strategy and liaise with Group to support RBB franchise strategic goals.
• Drive convergence required between economic capital and resource consumption of the business to the regulatory treatment on balance sheet.
• Ensure that RBB’s key strategic initiatives are aligned to allocation of resources within the Group framework for liquidity, transfer pricing, economic funding and capital allocation
• RBB BSM Committee – key business committee to drive change.
• Ensure the development of more frequent MI (as required).

Stakeholder management

• Establish and manage relationships with both internal and external sources of information in order to deliver on objectives.
• Liaise with all business partners to ensure all management information they require is provided to them timeously.
• Liaise with various internal stakeholders to convey consolidated financial and portfolio performance for RBB (the impact of model and other once off policy changes / events to these numbers, emerging risks)

Knowledge and skills

• Ability to build sound relationships with stakeholders and appropriately respond to their needs.
• Priorities the output of the team/self, ensuring delivery within deadlines.
• Ability to absorb large volumes of information and identify the critical parts.
• Understanding complexity and cross-functional work.
• Strong analytical ability to identify financial resource management trends, risks and opportunities.
• Identifies and builds on financial resource efficiency opportunities.
• Strong financial modelling abilities.
• Knowledge of banking products and related financial issues.
• Knowledge of Basel capital adequacy directive.

Competencies

• Self-starter without supervision
• Learning and researching
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Lateral thinking.

Qualifications and Experience

• B degree/B Honours in Accounting/Finance/Statistics/Risk Management or an NQF Level 6/7 equivalent
• 5+ years’ experience in Risk/Treasury/Finance
• More than five years of experience in quantitative, financial modelling, regulatory and/or financial analysis

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)