Specialist: Capital Management at Absa Group Limited (Absa)

Job Summary

To provide support on capital management reporting and analytics.

Job Description

This role provides support to Manager: 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.

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.

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.

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.

• Prepare the regulatory capital and economic capital reconciliation and investigate differences.

RDARR Management

• Perform required duties as the Capital actuals data steward.

• Maintain the capital process on the Voltron system

Recovery and Resolution Plan

• Determine the viability threshold for recovery options

• Prepare 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

Weighted average Cost of Capital

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

• Populate the funding template including the cost of capital reported to the Prudential Authority.

• Populate 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

Bachelor`s Degrees and Advanced Diplomas: 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