Brand New Job Openings at Absa Group Limited (Absa)

Key Accountabilities

Coordination of External Financial Reporting Risk (FRR) and ownership of the Balance Sheet Attestation Tool (i.e., Consigno) across the Group:

• Ensure the operation of a robust FRR Governance process, including the review and consolidation of information and the production of management information required for FC attestation, AFRC and other forums (e.g., GLRS’s) across all clusters, countries, and entities.
• Full understanding of the allocated business or cluster Balance sheet through performing monthly analytical review and variance analysis and through discussions with business. Provide output of analysis to stakeholders.
• Support Business Unit owner for Consigno and other Financial Reporting attestation processes. This includes monitoring of system performance, and co-ordination of remedial actions for system failures and other issues.
• Provide appropriate management information to process owners for consideration before communication to Finance Management on the assessment of FRR, ensuring accurate and validity of information and high quality and appropriate commentary.
• Ad hoc projects that require timely and sustainable resolution.
• Produce management information packs and presentations to support the risk assessment of FRR to relevant Risk Committees.
• Produce and communicate appropriate Key Risk Indicators (KRI’s) to monitor the level of financial reporting risk and effectiveness of controls, to ensure that the Key Controls are appropriately implemented and understood by stakeholders.
• Monitoring and tracking remediation plans resulting from the above.
• Engaging with external auditors on Financial Reporting Risk.

Coordination of Monthly, Quarterly and Annual commentary on Balance Sheet movements:

• Obtaining commentary at reporting periods on relevant clusters to be used by senior stakeholders as part of the briefing notes on Balance Sheet movements.
• Obtaining commentary and articulating this commentary to be suitable for commentary sent to the Prudential Authority (PA).
• Providing suitable answers to the PA on questions raised on Balance Sheet movements in the regulatory returns.

Understand of the Groups Financial Reporting processes, systems, Controls, policies and frameworks:

• Develop an appropriate knowledge of the financial reporting systems and processes that operate across businesses within Absa.
• Develop a working understanding of Absa Financial Reporting policies and risk management frameworks in order to assess compliance in relevant areas.
• Provide support for Financial Reporting policies and risk management frameworks.
• Input into the operational planning of assurance and conformance testing plans to support risk assessments; and
• Assist business to document action plans for risk mitigation identified during Analytical review, GLRS’s, conformance testing or in the KRI process.
• Provide training on Financial Reporting policies and risk management frameworks.

Provide support to other process executors through motivation and employee engagement:

• Understanding and managing team dynamics to maximise performance.
• Escalate issues around allocation of resources to process architects’ tasks to ensure delivery of team objectives.
• Ensure continued development of resources, through couching and mentoring, to empower value added delivery of tasks.

Process Execution: Provide inputs and execution of quality control and process improvements:

• Ensure alignment of process with organizational strategy; take accountability for relevant processes within area of responsibility and ensure delivery and maintenance of standardized processes and controls.
• KPI's, and performance management thereof.
• Constantly review and improve processes (automation included) to drive and implement a sustainable and effective process in support of quality and accuracy.
• Drive sustainable cost and processing efficiencies through continuous innovation, industry benchmarking and alignment to best practices.
• Recommend areas for improvement in order to reduce cycle times, improve productivity, create capacity, and improve process reliability and customer satisfaction.
• Management of relevant executors of processes within ambit of control including coordination and management of capability and performance.
• Assist in the implementation of new and/or enhanced processes.
• Identify activity-specific risks and work with Process Owner / Process Architect to mitigate risks.
• Maintain awareness of own activities and the impact thereof on related / inter-dependent activities.
• Actively supports the operational effectiveness of the Consigno system.

Role/Person Specification

Knowledge & Skills

• Exceptional academic track record
• Understanding of financial reporting processes and related controls (Expert)
• Ability to identify control gaps and weaknesses (Expert)
• Ability to analyse and interpret financial data (Expert)
• Ability to write concise effective reports (Expert)

Education and experience 

• CA (SA) is required
• One year + post articles experience is preferred, ideally in a Banking environment gained from Finance, Product

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Job Description

Accountability: Principal Risk Officer for Traded Market Risk

• Manage the aggregate risk of the group, concentration, limits, and breaches.
• Develop and maintain the principal risk framework for Traded Market Risk (incl. strategy, policies, limits framework, minimum controls, and delegations of authority).
• Assist businesses with the development of business specific policies, standards and governance as required, ensuring that an integrated and effective risk management framework is implemented and embedded in all the business areas/countries.
• Develop the Group-wide and Business Risk Appetite for the Principal Risk.
• Escalate to the Group CRO, suspend while investigating and if necessary, stop any decision or activity where they have concerns that risks to Absa are not being adequately addressed.
• In consultation with the Group CRO, escalate any unresolved risk concerns directly to the Chairman of the Group Risk and Capital Management Committee (GRCMC) and/or other Board Committees.
• Approve, together with the Group CRO, as appropriate any request from in-country or Business Area.
• CROs for Dispensations, Waivers, or Breaches of the Framework and/or related policies.
• Establish, aggregate, and manage risk appetite and facilitate cross functional engagement across the Group; and oversee risk management capabilities of the Group. This includes conformance reviews and assurance activities covering qualitative and quantitative aspects.

Accountability: Strategy and Insight to inform business decision making

• Set and communicate a long-term strategy that clearly articulates strategic targets and metrics to align delivery against the Bank’s strategic objectives and targets and shareholder expectations.
• Stay abreast of industry trends, future challenges, regulatory changes to ensure that the function is well positioned to provide competitive and industry leading services, driving sustainable cost, and processing efficiencies through continuous innovation, industry benchmarking and alignment to best practices.
• Proactively identify business opportunities which drive performance in line with strategy. Implement and embed strategic performance management tools.
• Drive senior leaders to make risk informed key business and strategy decisions through their understanding of the business and their role in the governance of the business.
• Provide superior thought leadership and insightful analysis, interpretation of risks and pragmatic solutions based on a thorough technical understanding of all elements, robust and relevant knowledge of the business and a deep and broad external market view on risk theories and current best practice.
• Drive strategic system architecture for Traded Market Risk, ensuring an integrated landscape with the bank’s Front Office systems and ensuring that the function benefits from a holistic architectural approach.

Accountability: Risk Management

• Work with business risk owners to determine market risk appetite demand and direct market risk taken through financial volatility, mandate, and scale limits, in line with approved risk appetite.
• Provide technical, quantitative, implementation and training support to market risk owners in the businesses in respect of required risk models, measurement, systems, and processes, to ensure consistent and effective implementation and operation of the framework.
• Ensure central maintenance of tools and parameterizations are shared across multiple businesses.
• Drive market risk related projects and initiatives to achieve change and enhancements.
• Support the new product approval process with risk opinions and control requirements.
• Conduct periodic peer group and best practices comparisons (strategy, profiles, and disclosure practices) and onboard appropriate practices for Absa Group.
• Establish and maintain selective daily / monthly / quarterly risk and capital measurement and forecasting processes and SARB banks’ act reports where economies of scale are achieved or where there are barriers to decentralization and embedding in business.
• Effectively challenge the Business Units on their strategy and risk shape/profile in the context of the macro-economic and regulatory environment and incorporating risk adjusted returns.
• Report to the Group Chief Risk Officer, CIB Chief Risk Officer, and the Business Area Executive Risk Committee (Business Area ExCo) and relevant committees, regulators and other stakeholders on the business area’s risk positions, adherence to Risk Appetite and control environment for traded market risk.

Accountability: Governance and Control

• Manage a scalable and well controlled risk environment, continuously improving the control environment which could include better efficiencies, process simplification, and automation.
• Review, challenge, monitor and report on compliance with the market risk management framework. Design and embed tools to achieve this: compliance attestations, control framework conformance testing, data quality testing, business reviews, independent monitoring etc.
• Establish appropriate systems and controls including assurance to identify, assess, measure, report, control and manage key risks within the control environment.
• Establish and implement appropriate risk and performance reporting/monitoring standards. Monitor/challenge reported profiles and appropriate management action against limits, risk concentrations and exceptions/issues.
• Ensure timely escalation of risk issues identified to enable effective mitigation and ensure timely response and remediation of any issues identified by external parties (i.e. regulatory, conformance, audit).
• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Risk Management Framework and internal Policies and Standards.
• Ensure proactive engagement with Internal and External Audit and Operational Risk with respect to audit scoping, findings, Risk and Control Self Assessments, Conformance Testing and Reviews.
• Ensure effective operation of all Traded Market Risk related committees.
• Serve on various Absa Group and business-level committees in the capacity stated in their latest terms of reference.

Accountability: People Management

• Determine the people management strategy for the area with a focus on talent management, development, resourcing, and retention, ensuring resource allocations are commensurate with growth/focus areas.
• Review and sense check succession plans in place for key roles, and that these are delivered against.
• Participate in leadership development activities across functions with a particular focus on the attraction, development, and progression of transformation candidates.
• Lead a team of risk professionals, setting objectives and expectations of delivery and behaviors to achieve excellence both individually and collectively in providing business insight and risk management expertise.
• Review the overall performance curve for the function and ensure that there is direct alignment between the function performance and the employee performance ratings.
• Drive and lead the diversity and inclusion (D&I) agenda across the function. Ensure all relevant D&I activity is conducted within the function and contribute to the Absa D&I strategy and enable and drive the transformation agenda in the business unit by implementing strategies and addressing barriers.
• Role model the Absa values and embed them through the function, enabling colleagues to operate and demonstrate the values at all times.

Preferred Education & Experience

• Honours/Master’s Degree in (Financial Mathematics OR Statistics OR Accounting OR Actuarial Science)
• 15+ years’ experience in Investment Banking (Global Markets)
• 5+ years’ experience in risk management or related field in a senior management/leadership role
• Advanced statistical software and quantitative tool knowledge
• Advanced risk systems knowledge
• Proven track record of successful leadership of change and networking
• Experience at engagement at a Board level (Preferable)

Education

• Postgraduate Degrees and Professional Qualifications: Business, Commerce and Management Studies (Required)

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Job Description

• The Independent Validation Unit within Model Risk is looking to hire a Model Validation Analyst to conduct the validation of models focuses on identifying, mitigating and monitoring of key model risks. The Model Risk function is a group level function that covers all models used across AGL. This role will provide you with the opportunity to engage with various stakeholders across all business units and hence allow you to build an excellent understanding of the bank.
• You will conduct validations on a diverse range of AGL models, produce validation reports, negotiate the findings & actions with internal & external stakeholders and influence the continuous improvement of model quality & use.
• These areas make use of a wide range of models (Regulatory Capital, Economic Capital, impairments, pricing, behavioural, application, stress-testing, valuation, derivatives, insurance risk, etc.) and cover products used across all of AGL’s business units.
• Opportunities to gain experience across validation teams and within the greater Model Risk team are possible and encouraged by management.
• Risk Management: Providing Subject Matter Expertise to Risk types
• Stakeholder Management: Build and Maintain effective Relationships with relevant stakeholders Risk Reporting: Identify, assess and Report key risks arising from significant events, investigations, audit and control issues
• Risk and Control: Adherence to Policies, Procedures and Regulations

Qualifications:

• Bachelor`s Degrees and Advanced Diplomas in Maths/Stats/Actuarial Science.
• Coding skills in Python, R or C# will be an advantage.

Education

• Bachelor`s Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (Required)

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Job Description

• 3 years sales exp in Short Term Insurance background ,150 Short Term Insurance FAIS credits, RE5 certificate complete, Personal lines, CPD Sales Target : Proactively make self-initiated contact with customers in order to deliver against the required sales targets 
• Customer Experience: To provide service excellence and achieve customer satisfaction 
• Compliance and Risk Management: Fulfil all activities in adherence to relevant control and compliance requirements, and quality standards 
• Reporting: Provide reporting of inbound and outbound calls and maintain standard reporting templates against relevant requirements

Education

• Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)

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Job Description

• Short Term Insurance Claims Manager incumbent must have 5 years call centre management experience within Short Term Insurance Personalized Lines to manage a team of team managers and claims consultants (30 plus).
• People Management: Coach, mentor and manage team members toward driving business objectives and ensuring colleague development 
• Stakeholder Management: Actively engage internal and external stakeholders to ensure customer satisfaction 
• Business Performance: Ensure own and team performance against business, efficiency and continuous improvement targets, as well as customer outcomes 
• Compliance and Risk Management: Ensure that all team activities are in adherence to relevant control and compliance requirements, and quality standards 
• Administration: Effectively fulfil all required administrative duties, including tracking and reporting.

Education

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