Senior Finance Resource Management at Absa Group Limited (Absa)

Job Description

Accountability: Financial Resource Planning, Optimisation and Engagement

• Manage the production and reporting of ARO Entity and Treasury RoRC performance on a monthly basis, ensuring timely and accurate flash and final reporting to Entity ALCOs and MBRs.
• Explain monthly changes in RoRC performance, potential enhancement actions required and support ALCos with managing balance sheet, liquidity and capital optimisations required to improve performance, as required
• Monitor and explain changes in Entity and Group endowment allocations ensuring effective margin stability and PnL management in ARO Treasury, with alignment to TES investment management approach and returns
• Design embed and mature an effective FR allocation approach across Entity treasuries, based on resource scarcity and optimising of capital returns for the ARO Business and Group.
• Continuously evaluate the effective usage of capital by Entities in comparison with agreed targets and highlight opportunities where FR resources could be better deployed to achieve higher returns or mitigate risks more efficiently.
• Lead discussions with ARO Treasuries on additional financial resource demand and recommend efficient allocation of additional financial resources.
• Develop a detailed plan for effectively embedding Return on Risk-Adjusted Capital (RoRC) at both the Entity ALCOs. This involves partnering with ARO BUs and Risk to support effective financial resource management.
• Embed effective monitoring mechanisms to track the success of SARB RWA use and RoRC performance of Entities and ARO Treasury to budgets
• Drive the development and tracking of tactical plans and scorecard performance relating to SARB RWA use and Earnings growth across ARO Treasury and recommend enhancement actions where required.

Accountability: Financial Resource Performance Management and Governance

• Design, develop and produce FR MI and document any required Business applications that support effective decision making and capital allocation within Entities, supporting ALCOs with re-allocation, increase requests or return of Group capital
• Establish an appropriate FR forecasting process to drive decisions.
• Ensure support and alignment with Group Financial Resource Management objectives and priorities, embedding in Entities via ALCOs and within ARO Treasury
• Orchestrate the necessary process to facilitate regular strategic alignment between Group, and finance and cascaded to the individual Entities and ARO Treasuries
• Provide robust and forward-looking FR allocation and returns performance strategic updates to ARO Treasury Committee covering Entity and ARO Treasury performance
• Support CIB FRM and ARO RBB FRM committees with ARO Entity and ARO Treasury updates as required

Accountability: Data Monetisation and Digital Adoption 

• Consider the explicit use of data and its inherent value to explore opportunities, plan and guide all decisions for execution.
• Ensure full alignment of metrics and financial resource positions with Compass and ARO and Group Finance reporting
• Use data to obtain a quantifiable economic benefit for the area of accountability, leveraging Internal or indirect capacity to make measurable business performance improvements and inform decisions accordingly.
• Provide effective fit for purpose tooling for FR management through deriving maximum value from a digital process or solution
• Deliberately seek opportunities to digitise, automate and implement solutions for customer primacy, innovation, and operational effectiveness.

Accountability: Good Governance, Risk and Compliance

• Influence the implementation of effective internal controls system and corporate governance under ARO Treasury accountability.
• Ensure compliance to all Group policies and Standards.
• Responsible for establishing and maintaining an appropriate governance framework to support the primary accountability for internal management reporting that supports effective decision making.
• Facilitate interaction with key internal stakeholders, including Entity ALCOs, Group Treasury, ARO CFOs, Risk and Cluster / business unit teams, on key FRM matters.

Education

• Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

End Date: June 30, 2025