Risk and Capital Management Analyst- CIB Risk at Absa Group Limited (Absa)

Job Summary

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Policies and Standards.
• Understand and manage risks and risk events (incidents) relevant to the role.

Job Description

• The Risk and Capital Management Specialist is vital in identifying and responding to regulatory change and updates to the market risk capital regime while ensuring the highest internal standards and governance are adhered to.  This person must continuously seek ways to contribute to delivery of the business.  He/She will be responsible for the regulatory reporting and the implementation of market risk regulatory and capital models, as well as ensuring that control and governance requirements are met. The individual must ensure that best practices are in place through efficient and scalable processes. 
• Accountability: Market and Valuation Risk Oversight 
• Governance and Control
• Understand and comply with all applicable governance, compliance and risk policies and procedures, ensuring that the relevant documentation is in place.
• Risk Evaluation
• Identify market, regulatory or other developments which may affect market and valuation risk models and methodologies.
• Understand the intricacies of new regulatory approaches so as to develop and implement appropriate models and advise business on impact on the potential risk-weighted returns.
• Risk Monitoring and Measurement
• Monitor changes in regulations and legislation and ensure firm is informed and educated on relevant topics by taking responsibility for rolling out necessary changes.
• Understand the drivers behind regulatory changes.
• Review of existing measurement methodologies and recommend improvements where necessary.
• Establish an appropriate risk reporting and monitoring framework, ensuring businesses are aligned to governance framework and defined risk appetite.
• Accountability: Capital Management
• Ensure that appropriate models are used for accurate market risk measurement and capital calculations for both regulatory and management purposes.
• Establish and maintain selective daily / monthly / quarterly risk and capital measurement and forecasting processes.
• Accountability: Projects and Innovation
• Drive enhancements of processes by measuring the effectiveness of all procedures. Review of existing measurement methodologies and recommend improvements where necessary.
• Implement best practices as relevant and proactively find value-adds to the business and timely respond to business needs.
• Be part of the process to bring regulatory capital pricing drivers into markets trading decision-making.
• Accountability: Stakeholder and Relationship Management
• Lead by example in building strong relationships.
• Establish and nurture influential relationships with a wide network across the organisation in order to identify synergies and optimally leverage relationships, knowledge, services and resources to provide superior solutions.
• Timely escalation of potential issues to relevant stakeholders.

Education

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