Latest Jobs at Absa Group Limited (Absa)

About the job

Contract manager required for the execution of new 3rd party supplier contracts as well as renewals, in line with the organization's corporate governance as well as standard contract governance.

• Contract management
• Negotiation
• Awareness of cost efficiency
• Risk management
• Independent
• Proactive
• Financial services experience preferred

go to method of application »

Job Summary
Lead the execution of Equity Investment finance strategy and finance team through supporting the Head of Financial Decision Support in the development and implementation of the Equity Investment financial management operating model and provide support to the Head: Property Investments CPF RBB to facilitate business decision making. The incumbent will be responsible for overseeing the Valuation Control function; with the mandate of ensuring accurate and fair valuations of equity instruments in line with IFRS and applicable valuation standards.

Job Description

• Design and management of the operational and financial control environment to ensure sound financial and accounting processes.
• Improve efficiency and effectiveness of processes and controls in line with applicable best practice and standards.
• Manage the external audit processes of portfolio legal entities (24), resolution of audit related issues, adherence to Group audit timelines and maintain professional relations with External Auditors throughout the audit engagements.
• Review of portfolio legal entities’ financial statements in accordance with IFRS.
• Performing month end procedures including, review and approval of journals, review of balance sheet substantiation and tax computations.
• Ensure accurate and timely financial information for regulatory reporting.
• Overseeing and facilitating financial planning and forecast processes (STP, MTP, RAF). Variance analysis between budget/project approvals and actual performance.
• Overseeing the independent valuation control function including performing financial modelling and investment valuations and review of team’s valuation assessments.
• Perform secretarial function for the Valuation Control Committee.
• Maintaining sound stakeholder relationships.
• Responsible for accuracy and completeness of financial standing data.

Education

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

Closing Date: 6th, May 2022

go to method of application »

Job Summary

Contribute to tactical planning from an operational perspective. Implement and deliver approved operational plans. Accountable for management in terms of: people, process, applied technology, budget.

Job Description

• Business Planning, Business Performance Monitoring & Revenue Generation: Business Planning, Business Performance Monitoring & Revenue Generation 
• Leading the commercial, sales and service agenda for the branch: Leading the commercial, sales and service agenda for the branch (as part of a broader area); & Owning and delivering on all performance targets for the allocated branch (end to end accountability across scorecard elements) 
• Customer Experience and Service: Proactively manage and build relationships to enhance the Absa Brand in the area as well as Managing cost & efficiencies:
• Apply effective & balanced cost management practices that ensures sales & service standards are within benchmark & aligned to best practice

Education

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

Closing Date: 29th, April 2022

go to method of application »

Job Summary

The Group trades multiple financial instruments and products that are held at fair value either through profit and loss or through equity (available for sale). A key control requirement is to ensure they are carried at the best and most appropriate fair value supported by as much external and internal information as is available

The core responsibility of the role is to ensure a robust control process exists around the Groups inputs to fair valuation of those assets and liabilities.

The role is to lead the team and be a senior member of the Product control management team that informs the direction of Product Control Team a sub department of Finance CIB.

The successful candidate is required to drive and deliver a robust, end-to-end control framework and build strong partnerships with management across the broader infrastructure areas, specifically Finance, IT, Risk and Operations and other First line of defense such is Front Office Risk and Controls and Corporate Internal controls Teams. This requires strong communication and influencing skills particularly at senior levels in the firm.

Job Description

Accountability: Compliance with Absa Group requirements and accounting policies   

• Ensure that implications of Absa Group requirements and policies (including changes in accounting standards) are understood and communicated.  
• Ensure any new developments in IFRS/ accounting standards impacting valuations are being implemented.  
• Reporting for compliance with key external requirements and with audit requirements  
• Ensure compliance with regulatory, accounting and legal requirements.  
• Continuously consider risk mitigation and control operational effectiveness  
• Identify and review all areas with Material Valuation and Model Risks 
• Clearly understand the weaknesses of market data, valuation techniques and models used   

Accountability: Independent Valuation Control   

• Calculation and implementation of fair value adjustments across all desks or product/asset class (i.e. Rates, FX, Commodities, Equities, Credit)  
• Price Testing of used valuation inputs through sourcing and use of disparate data sources  
• Understanding of and verification for Counterparty credit risk adjustments made
• Verification of the Bid Offer reserve to mark books to their exit price per IFRS 13
• Calculation of and authorisation for Day 1 PnL adjustments for unobservable inputs
• Review and authorisation of Model Risk adjustments,  
• Escalate all material issues to the Head of Product Control  
• Provide technical valuation support to the Front Office, Product Controllers and Senior Management.  
• Knowledge of CSA/OIS discounting framework  
• Understanding of industry level XVA’s and their specific implementation within Absa 
• Involvement in and sign off for New product approvals  
• Attendance and active participation at the valuation governance and related control committees  

Accountability: Management and Leadership

• Excellent understanding of relevant and up-to-date technical knowledge, applications and techniques.
• Recognised as an expert in their discipline. Deep technical knowledge.
• Continually delivering process improvement and challenging the status quo.
• Proactively transfers knowledge to the team. Mentors line managers to ensure technical knowledge is cascaded.

This includes but is not limited to:

• Direct, manage and drive the performance of the team
• Manage a team of controllers (analysts/AVP’s and VP’s) to ensure a high level of client service
• Hands-on approach coupled with proactive leadership skills and the ability to delegate effectively
• Together with relevant BU head and Head Product Control, determine the people management strategy for the area with a focus on talent management, development, resourcing and retention.
• Embed formal Performance Development and informal coaching in the team.
• Review training needs of team members.
• Establish and maintain a succession plan for the key roles in the team.
• Interview and recruit direct reports.
• Review workforce and recruitment plans for the team and reallocate resources where required.
• Associated people management administration
• Act as escalation point for all grievances raised in the team.
• Review overall team performance and provide input to consistency check meetings.
• Recognize the efforts of their staff members
• Understands and complies with all applicable governance, compliance and risk policies and procedures
• Fosters an atmosphere of compliance, ensures regulations are observed, and puts relevant processes in place for staff to escalate problems
• Accountable for implementation of Group’s risk control framework for area of responsibility
• Thoroughness, rigor and attention to detail with regard to products, processes and controls

Accountability: Commercial effectiveness

• Excellent understanding of own field. Up-to-date with relevant sector/department knowledge, and has insight into external market developments/initiatives
• Demonstrates credibility and confidence when dealing with those outside function.
• Networks effectively in the market
• Is able to look at information with understanding of strategic implications.
• Able to articulate the major issues surrounding his/her areas of work and the strategy for
• addressing them
• Understands cost drivers and manages budgets successfully.
• Demonstrates initiative in rethinking how the Group Centre function’s or departments objectives and practices should be changed to be more productive.
• Demonstrates effective use of a network of people and resources through the department.
• Able to focus resources on worthwhile opportunities.
• The ability to build strong working relationships with the traders and other infrastructure units

Accountability: Business Skills

• Superior influencing and negotiating skills.
• Consistently solves problems effectively and creatively.
• Initiates and designs projects for implementation within team or department.
• Excellent project management skills.
• Ability to mitigate risk.
• Excellent communication in both formal and informal settings, and at all levels
• Has the ability to break down barriers and ability to address conflict with another department.
• Can successfully manage and implement change and effectively communicates change to team members and guides team through change processes.
• Makes timely and effective decisions and produces results even in the face of adversity.
• Reputation for producing results.
• Significantly strengthened department performance
• A high level of focus on client relations. Always proactively seeking to improve the relationship. A role model to team members.
• Prioritises the output of the department, ensuring delivery within deadlines.
• Good understanding of roles outside own function

Preferred Education

• Chartered Accountant /  Chartered Financial Analyst (CFA) /  Master in Finance / Honors or Masters in Financial Mathematics

Preferred Experience

• 10 years+ Investment Banking or related Finance experience
• Business experience in a Banking environment gained from a Finance, Product Management or Front /Middle office role.
• Experience in and knowledge of Financial Instruments, usage, mechanics, accounting and valuation

Knowledge and Skills

• Financial Mathematics knowledge  
• Acute Investment Banking product knowledge  
• Understanding of Financial Markets and Derivative instruments  
• Understanding of the Valuation of Financial Derivatives e.g. OIS Discounting, CVA-DVA-FVA,  
• Discounting of Uncollateralized Derivatives,  
• Understanding of IFRS 13 and IAS 39  

Education

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

Closing Date: 6th, May 2022

go to method of application »

Job Summary

The role of Product Controller has opened in in our Global Finance PCG area. The overall responsibility of this role includes daily P&L production and balance sheet substantiation, and/ or responsibility for process ownership within an asset class, and / or involvement in broader, floor wide Product Control initiatives

Job Description

Production related responsibilities:

• Accounting – posting to the General Ledger accurate and timely information
• Substantiation of the trading balance sheet – ensuring the full trading balance sheet can be substantiated
• Regulatory reporting alignment - ensuring the Balance sheet is aligned to reports send to regulators
• Data ownership – Ensuring the quality and accuracy of the data going downstream to other infrastructure areas
• Control environment – Overseeing the control environment in which the business operates
• P&L review – understanding and providing commentary on the P&L.
• In the process of production focus is needed on:
• Reporting – Ensuring reporting is accurate and timely
• Control – Continue to implement the on-going control environment and report any deficiencies or issues to managers

Key Accountabilities:

• P&L production and BS substantiation
• Interaction with key stakeholders
• Process Owner
• Strategic and/or Project and /or Change related Initiatives

Education and Qualification

• B degree/similar qualification in a financial/related discipline with 5 years relevant experience or CA(SA) with 2 years PQE experience
• Investment banking or Product Control experience
• Product specific knowledge
• Experience in creating and maintaining an effective control environment
• Experience with Projects and / or Strategic Initiatives and / or Change Management preferred

Education

• Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

Closing Date: 6th, May 2022

go to method of application »

Job Summary

To plan, manage and monitor the implementation of contract and relationship management activities and processes in order to deliver on approved operational plans in an effective and efficient manner.

Job Description

• Strategic Planning and Implementation: Achieve operational excellence by effectively applying knowledge of the Contract/ Relationship Management strategy and its implementation by planning and managing the workload of self and others, including specifying initiatives, scheduling projects and preparing operating plans with a define area of activity.
• Contract/ Relationship Development: Recognised internally as a Subject Matter Expert in Contract/ Relationship Development and drives the greatest value out of relevant relationships. Coordinate and facilitate others in securing investment and resources both internally and from suppliers and establishes mutually beneficial business relationships 
• Contract/ Relationship Performance Management: Achieves operational excellence in Contract/ Relationship performance by effectively applying their knowledge of contract, supplier and relationship performance to manage suppliers 
• Contract / Service Management: Achieves operational excellence by simultaneously using their understanding of an individual, medium product / service agreement, and its legal language along with the proactive and effective application of their contract value delivery / service management knowledge. 
• Risk Management: Ensure all Absa policies, procedures and activities required for areas documented and understood by all members of the various team and/or business areas

Education

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

Closing Date: 5th, May 2022

go to method of application »

Job Summary

To provide specialist advice and support for business development of information to inform decision making, through the execution of predefined objectives as per agreed standard operating procedures SOPs.

Job Description

• Personal Marketing and Sales Strategy: Deliver exceptional sales performance by identifying and meeting customer needs through selling & cross selling of products & services and also identify new market opportunities within the portfolio of existing Absa Business Bank Client in conjunction with the ABB RE 
• Client Relationship Management: The identification of all target prospects and capturing in the Customer Relationship Management tool and build relationships at all levels within the prospect companies 
• Sales Target : Proactively make self-initiated contact with customers in order to deliver against the required sales targets 
• Compliance and Risk Management: Fulfil all activities in adherence to relevant control and compliance requirements, and quality standards 
• Collaboration : Constantly seek to improve ways of working by challenging the status quo and supporting an empowering climate within the team, sharing knowledge, experience, best practice and providing constructive feedback as required.:

Education

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

Closing Date: 4th, May 2022

go to method of application »

Job Summary

• To deliver customer support services to enhance the customer experience through the execution of predefined objectives as per agreed standard operating procedures (SOPs).

Job Description

• Customer Service: Respond efficiently, accurately and courteously to all customer service matters, complaints, requests 
• Support the development and maintenance of processes in Customer Services Centre: Adhere to all processes in the CMP Customer Services centre and identify opportunities to improve Client Servicing processes 
• Monitor and control risk associated with the Customer: Ensure that all activities performed in providing Customer Services comply in all respects with Absa's risk and compliance policies and procedures as well as legal and regulatory requirements 
• Stakeholder Management: Establish and maintain good professional relationships with relevant stakeholders so as to remain abreast of their needs and issues and respond rapidly and effectively
• Self-development: Owning and being proactive about own training and development 

Education

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

Closing Date: 30th, April 2022

go to method of application »

Job Summary

• Provide specialist advice and support in the implementation/development of operational planning and associated service delivery processes, methods and techniques.

Job Description

• Stakeholder Relationship Mgmt: Continued pro-active stakeholder engagement and involvement on a business, regulator and industry level. 
• Business Enablement:: Ensure commercially sound Compliance guidance and support in respect of allocated regulatory requirements in a professional and helpful manner, always considering the potential alternatives within the rules and regulations applicable, endeavouring to find solutions to ensure compliance as well as the continuation of business

Education

• Higher Diplomas: Business, Commerce and Management Studies (Required)

Closing Date: 2nd, May 2022

go to method of application »

Job Summary

Drive achievement of branch sales and service targets. Support the achievement of branch growth ambitions across all products and segments. Actively contribute to the branch digital adoption targets. Ensure consistent and professional customer experiences.

Job Description

• Achieve Sales targets
• Identify customer needs through queue management and customer engagement
• Actively migrate customers to digital channels
• Achieve branch objectives for sustainable growth by driving:
• Digital migration and adoption
• Branch Optimization
• Account Activation
• Walk – ins (queue management)
• Lead Management
• NTB Acquisition
• Support and drive branch customer experience
• Enhance individual development and team contribution
• Compliance and Risk Management

Education & Experience

• Completed Higher Certificate in Banking / Accounting / Sales / Marketing or equivalent NQF level 5 FAIS accredited qualification
• Completed Sales Proficiency Assessment
• Completion of Sales and Service Fundamentals workshop will be an added advantage.
• 1 – 2 years’ experience in a frontline banking role
• 1 year Sales experience will be an added advantage

Closing Date: 4th, May 2022

go to method of application »

Job Summary

Apply critical thinking & problem solving skills to contribute to all phases of the development lifecycle & quickly produce well-organised, optimized, and documented source code to deliver high-performing, scalable, enterprise-grade applications.

Job Description

Accountability:

DevOps

• Apply critical thinking, design thinking and problem solving skills in an agile team environment to solve technical problems (Front End, Back End OR Middleware) with high quality solutions
• Contribute to all phases of the development lifecycle including
• Evaluate analysis, problem definition, business requirements, solution development & provide recommendations to enable the operational feasibility of solutions
• Quickly produce well-organised, optimized, and documented source code to deliver technical solutions

• Ensure designs & solutions support the technical organisation principles of self-service, repeatability, testability, scalability & resilience

• Apply general design patterns and paradigms to deliver technical solutions
• Support the development of CI / CD Pipelines (authoring & supporting CI/CD pipelines in Jenkins / similar tools and deploying to multi-site Kubernetes environments – supporting and managing your applications all the way to production)
• Use & configure modern observability techniques leveraging e.g. aggregated logging via ELK stack, metrics via Prometheus / Grafana / NewRElic and tracing using Zipkin/Jaeger
• Automate tasks through appropriate tools and scripting e.g. Jenkins, Docker, Ansible, Kubernetes
• Debug existing source code and polish feature sets.
• Work with integrated teams and other developers to improve and evolve technical products and services
• Align all application development & development process to Group Architecture & Infrastructure guidelines
• Provide input into project & program teams (when required) to plan & manage the development lifecycle e.g. releases, risk management, testing, integration etc.
• Conduct reviews, performance monitoring & ongoing optimization and maintenance on applications
• Stay ahead of the curve on emerging technologies and development practices and continuously evolve existing knowledge & skill in preparation for cross domain and other experiences e.g. Secure Side, Testing, Infrastructure solutions etc.

People

• Conduct peer reviews, testing, problem solving within and across the broader team
• Support the people change teams in the development of user material (Customer, Employee & 3rd Party Adoption)

Risk & Governance

• Identify technical risks and mitigate these (pre, during & post release)
• Update / Design all application documentation aligned to the organization technical standards and risk / governance frameworks
• Participate in incident management & DR activity – applying critical thinking, problem solving & technical expertise to get to the bottom of major incidents

Education and experience required

• 3-8 years + experience - C# .NET; Microservices
• Platforms exposure - i.e. GitHub

Relevant B-Degree in Computer Science preferred but not essential if minimum requirements of experience & practical application in the following is evident:

• Automation
• Messaging
• Integration
• Solutioning
• SSL Security
• CI/CD etc.
• Experience working in an agile environment
• Excellent communication, analytical skills and decision making ability in collaborative environments
• Excellent understanding of specific coding / scripting languages e.g. Java, C#, Python, Perl, JavaScript
• Solid understanding of Object Oriented Design and ability to properly apply general design patterns and paradigms
• Experience with test-driven development and domain driven design
• Solid understanding of messaging protocols and web services like SOAP and REST
• Experience with open-source relational databases
• Knowledge of application server containers: Tomcat, Jetty, JBoss, NodeJS, IIS, .Net Core etc.
• Good understanding of frameworks and libraries like JavaScript, jQuery, TypeScript, HTML, CSS
• Experience with CI / CD tools (like Jenkins, Bamboo, TFS, Azure Devops) and Artifact Management (preferably Nexus),
• Ability to create and maintain sophisticated CI / CD pipelines
• Strong understanding of version control and related concepts and techniques, particularly Git
• Experience with appropriate unit testing framework(s)
• Excellent debugging and problem-solving skills.
• Comfortable with stubbing tools like wiremock and/or hoverfly
• Experience with scripting languages like Bash and/or Python
• Experience with Cloud platforms e.g. Azure, AWS & Google Cloud Platform
• Familiar with OAuth, Open Connect ID and SAML, preferably with an understanding of AD / LDAP / Kerberos
• Familiar with Containerisation technologies like Docker & or orchestrators like Kubernetes

Competencies: (Maximum of 8 competencies)

• Team Working
• Interpreting Data
• Meeting Timescales
• Taking Action
• Producing Output
• Checking Things
• Following Procedures
• Adopting Practical Approaches

Education

• Bachelor's Degree: Information Technology

Closing Date: 29th, April 2022

go to method of application »

Job Summary

To ensure accurate financial reporting and maintenance of a robust control environment. The Product Controller will be tasked with performing month-end reporting procedures including comprehensive management reporting, reconciliation and substantiation of account balances and financial, tax and regulatory reporting. Further responsibilities include performing independent valuation assessments on the equity and property investments, budgeting process and facilitation of the external audit process and preparation of financial statements.

Job Description

• Implement financial and payment controls to ensure accurate reporting and standing data
• Improve efficiency and effectiveness of processes and controls
• Partner with and support the respective FO stakeholders
• Produce MI around business e.g., PnL reporting, units sold, properties remaining, cost and balance sheet analysis
• Review and preparation of financial statements in accordance with IFRS
• Facilitation of the external audit process and engagements with the audit team
• Performing month-end procedures i.e., input to management reporting, reconciliation, substantiation of account balances, financial and regulatory reporting.

1. Accounting – posting to the General Ledger and Budget system accurate and timely information
2. Substantiation of the balance sheet – ensuring the full balance sheet can be substantiated and presenting in GLRS meetings
3. Performing the tax and deferred tax calculations and VAT packs for respective legal entities.
4. Presentation of monthly financial performance to FO stakeholders quarterly reporting to Board of directors
5. Performing the tax and deferred tax calculations and VAT packs for respective legal entities.

• Facilitating annual budget and forecast processes (STP, MTP, RAF). Variance analysis between budget/project approvals and actual performance
• Assist business with roll-out of any change or adhoc initiatives
• Data ownership – Ensuring the quality and accuracy of the data going downstream to other infrastructure areas including operations
• Control environment – Overseeing the control environment in which the business operates
• Improve efficiency and effectiveness of processes and controls
• Perform financial modeling and investment valuations

Education

• Bachelor's Degree: Financial Sciences (Required)

Closing Date: 6th, May 2022