Senior Specialist Pillar 2 Reporting at Absa South Africa

Job Summary

The Pillar 2 reporting team within Group Treasury is responsible for the annual preparation of the Absa Group Internal Capital and Liquidity Assessment Processes (ICAAP) and (ILAAP) documents in collaboration with the Risk, Finance, and Strategy teams with Internal/External Audit function providing oversight. The documents get submitted to the Prudential Authority. The team currently manages over >100 stakeholders across the continent.

The ILAAP and ICAAP underlying processes are well integrated into the risk management processes to support the decision-making culture of the Group and evolve to align with business requirements and global best practice.

The Senior Specialist in the Pillar 2 Reporting team will be required to co-ordinate and prepare the ICAAP and ILAAP (ICLAAP) documents for submission to the Committees, Boards and the Prudential Authority within set deadlines.

To achieve this, the ideal candidate is expected to:

• Be a self-starter, curious, assertive, with excellent leadership, stakeholder management, verbal, written and presentation skills.
• Have a good understanding of Capital, Funding and Liquidity Management and ICLAAP key components and functions to be able to effectively contribute to the consolidation, documentation, review and challenge, management, and reporting of the ICLAAP.
• Lead stakeholder engagements and collaborate in the planning, production, Project management, and Independent reviews of the ICLAAP documents.
• Collaborate with stakeholders and provide guidance on the process requirements and further ensure that Regulatory feedback is addressed timeously including planning for regulatory engagements/on-sites and preparation of relevant materials.
• Have a solid understanding of the Financials, Banking regulations, capital, funding, and liquidity risks including risk frameworks and regulatory returns to effectively evaluate the ICLAAP content.
• Understand the Group’s Principal Risks (Financial and non-Financial) and underlying risk management processes to ensure adequate coverage in the documents.
• Contribute content from the Financial results Booklet, Pillar 3 Report, Medium Term Planning (Funding planning) to ensure consistency in messaging.
• Contribute to the Risk and Governance culture by embedding appropriate controls.
• Collaborate with the Risk and Financial Resources management functions to ensure embedment of ICLAAP principles within the businesses.

Experience in ICAAP/ILAAP/Banking Regulatory reporting/ Basel III/IV will be advantageous.

Ideal candidate should have:

• B-degree in commerce / risk management / accounting.
• 3-5 years of experience of bank capital and liquidity management / risk management.
• Preferred professional qualification CIMA, CA(SA), FRM or studying towards these.

Job Description

• Contribute to the strategic direction of the ICLAAP, lead and facilitate discussions through storyboarding and guiding key themes that will drive the narrative.
• Manage the outcomes of the Prudential Authority’s Review Supervisory, Review and Evaluation Process (SREP) feedback, including planning onsite engagements and contributing material to meet requirements.
• Support colleagues across various levels, challenging, and embedding appropriate risk management practises for the ICLAAP.
• Contribute to enhancements and lead further embedment of the 3 lines of defense model for the function and across multiple jurisdictions.
• Lead various teams by providing oversight, training, and appropriate level of guidance for ICLAAP production including review and challenge of content as a Subject Matter Expert.
• Develop strong networks and exposure to diverse stakeholders at various levels of the organisation and increase visibility and footprint across Group Treasury and multiple functions for effective delivery.
• Ensure consistency in messaging of underlying key processes underpinning the ICLAAP and interlinkages to strategic processes such as the Insurance Business Own Risk Solvency Assessment Process (ORSA), Pillar 3 Reporting, Recovery Plan (RP) and Integrated Report, Financial Planning and Reporting.
• Utilise Project and Workflow management tools to manage milestones and project risks across the process.
• Facilitate the implementation of end-to-end change through effective collaboration with Information Technology development teams to drive process efficiencies in the ICLAAP documentation.
• Understand the Group’s Principal Risks (Financial and non-Financial) in line with the Enterprise Risk Management Framework (ERMF) and underlying risk management processes to ensure adequate coverage in the documents.
• Drive a consistent message to the entities to ensure appropriate narrative from the Medium Term Planning (Finance, Capital and Risk), is adequately covered in the ICLAAP document.
• Collaborate with Absa Regional Operations (10 countries) country Treasurers, CFOs and CROs in formulating the ICAAP strategy in alignment with the Centre support teams.
• Support Absa Regional Operations teams with audit and regulatory queries as required.
• Stay abreast of emerging regulations impacting the ICLAAP to enhance existing knowledge and further understanding of the Basel and Banking regulations.
• Participate in ad-hoc projects, policy reviews to deepen understanding of risk management and enhance existing processes.
• Participate in cultural initiatives in an environment where Transformation, Diversity and Inclusion is valued.

Education

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