Job Vacancies at Absa

About the Job
Bring your possibility to life! Define your career with us

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

• Formulate tactical strategy and associated delivery plans related to multiple practice areas. Ensure proactive integration and operational tactical implementation.

Job Description

• Overall business centre management: Ensure the Centre's is aligned to the overall ABB (Absa Business Bank) strategy by continuously reviewing, and modifying where necessary and ensuring consistent communication to managers (direct reports) and staff. Constantly follow up in relation to the formulation, implementation and management of 90 day plans designed to embed the strategy.
• Take full accountability of the Business Centre's budgets set for the financial year and the achievement of the budget by formulating action plans which provide clear direction to management and staff and ensuring achievement of 2 plans
• Take full accountability for the Balance Sheet and Income Statement of the Centre with regular monitoring of progress and instituting corrective action through line managers, where required
• Take full responsibility to ensure that all requirements with regard to compliance , regulatory or other risk standards are adhered to by all management and staff within the business Centre, by conducting regular operational meetings, clearly minute actions and follow up of all outstanding issues
• Be responsible for the business centre management team by having skilled and positive teams in place to drive the implementation of strategy and delivery on budgets and targets.
• Manage and monitor, through functional heads,( i.e. Compliance, Operations, Sales) that appropriate and client centric solutions are developed by the professional teams and that all credit application packs prepared by the Business Centre to meet the stipulated requirements
• Ensure, through direct reports, appropriate action is taken on all client complaints, leading to the appropriate resolution thereof and improved client satisfaction levels.
• Monitor, through client feedback, the defection of clients and ensure that line management initiate and monitor appropriate client retention and retrieval strategies.
• Monitor and maintain, through functional heads, all service level agreements with the relevant stakeholder( credit ,HR, Compliance) | Customer / Marketing Focus: Manage, through functional heads, that only quality and profitable business is generated, in line with credit and risk guidelines manage the effective marketing of the Business Centre within the region by sales and marketing staff. Drive the maintenance of high levels of customer interaction with existing and potential customers and other role players within the market (Chambers of Commerce, Business Forums etc)
• Initiate appropriate events which facilitate meaningful client interaction and networking which will lead to improved market penetration and maintenance of the ABSA brand
• Ensure, through sales management and staff, the retention of top clients through the provision of appropriate customer solutions within risk and pricing parameters, that satisfy both the customers and the bank's needs
• Create an environment which ensures effective collaboration between product partners, risk and front end staff which produces customised client solutions
• Take responsibility for creating opportunities where senior ABSA Executives are able to meet with top end customers on a regular basis with the aim of creating and maintaining solid client relationships | Financial Focus: Formulate and implement appropriate business plans that support the strategic agenda of ABB and the group and ensure that these are implemented and monitored by all line managers
• Set key financial targets and ensure that these are monitored on a continuous basis (taking full accountability for all income and expenses) by the relevant functional heads
• Manage the pricing on customer portfolios to ensure that the bank achieves an equitable risk - reward ratio across the centre's portfolio of customers | People Management: Work with managers in the team to achieve sustainable business performance through continuous people development and mentoring activities.
• Ensure the development of a high-performing team through embedding formal Performance Development and informal coaching.
• Coach the Business Unit Management team on how to conduct meaningful Performance Development discussions with their direct reports and ensure that they conduct the process effectively.
• Determine training and development needs for managers and ensure they do the same for their teams. Ensure that identified training is budgeted for and executed.
• Establish and maintain a succession plan for the management team in the area using the formal Talent Management process for identified talent.
• With the support from the HR Business Partner, interview and recruit direct reports and provide support to them during the recruitment of their teams on request.
• Ensure that managers create effective workforce plans and recruitment demand plans for their areas.
• Review requests from managers in the team for headcount changes. Recommend approval of or decline the request to the Head of Large Business Segments
• Approve leave requests for direct reports and ensure that they manage the leave planning for their teams effectively.
• Act as second level escalation point for all grievances raised in the business unit.
• Ensure that all poor performance is addressed through the Absa Performance Accelerator (APA) Programme and that continued poor performance is adequately dealt with. Review APA reports to determine effectiveness of interventions. | : | : | : | :

Education

• Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (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.

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Job Summary

To provide specialist advice and support in the development and implementation of quantitative analytics, planning and associated service delivery processes, methods and techniques; enabling the provision of sound product development expertise.
Job Description

• Do you want to be part of a specialist data team that implements trusted model solutions for business stakeholders? Would you like to future-proof your career in a challenging and changing business environment through growing your exposure to the data and statistics field?
• We are looking for experienced Model Developers with a Data Management experience implementing PD, LGD and EAD models for Regulatory Capital and Impairments (IFRS9) models in a banking or consulting environment.
• A successful candidate will be a South African Citizen with the relevant Statistics qualification or a related field with experience in the banking industry with process management experience preferred. Proficiency in Base SAS or SAS Enterprise Guide, SAS data steps, SAS procedures, SAS SQL, SAS Macros required.

Please submit your full CV when applying.

Education

• Bachelor`s Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life 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.

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Job Summary

Overall Job Purpose: 

• Specific Role Purpose: This role will provided support to the Head of Payments and Settlements support with regard to the control environment design and implementation; investigations (recons, IT incidents, etc.). By building financial models using historical data; product related information based on various industry & internal inputs in support of business cases, strategic initiatives, potential new products and partnerships.
• The Finance System Analyst performs analysis and reporting in an accurate, complete and timely way; and continuously seeks to improve operations by scaling automated financial processes to doing deep dive and trend analyses to crafting financial solutions aligned to all appropriate controls, business financial health and growth objectives. 
• The Finance System Analyst equips finance and business leadership with sound financial information to support decision making at all levels.  
• The Finance System Analyst of the business enables achieving the operational objectives of the business by building an agile finance enablement to transform, to bring stewardship, financial integrity & insights to the current state of the business & its future possibilities to deliver on the new operating model and to achieve the business objectives set by Absa Africa United for RBB.  
• The Finance System Analyst co-creates Finance capabilities required to lead to exponential growth and business effectiveness.

Job Description

Commercial Finance Execution Accountabilities 

• Serve as a subject matter expert on financial data integrity, accounting processes, reconciliations’, analysis and reporting for end-to-end Financial Management in business area.
• Develop and sustain knowledge and experience on the end to end processes, including relevant systems within scope of work.
• First line of operational support to internal and external auditors within scope of work; and all queries addressed effectively and efficiently.
• Responsible for continuous operational excellence and real-time responsiveness of finance to enable business to achieve growth and profitability objectives.
• Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and business teams.
• Focus on information-driven performance improvement and formulate data into easy access standardised views.
• Ensure that the CFO is appraised of key financial issues that need to be raised with executive leadership to enable integrity and timely management the BU.
• Create unprecedented, seamless customer experiences via finance BU enablement.
• Embrace our distinctive brand aspiration and infuse in business.
• Identify and innovate operating practices to optimize the function. Embrace digital solutions.
• Drive continuous process efficiency, financial rigor and controls. 
• Adopt what’s ‘best for absa’ approach in finance practices.
• Have a holistic eco-system view of business, that is, geography, customer, channel and product in developing information views of business.
• Book of work contribution: Build innovative finance business case financial information, insights and benefits tracking’s’ solutions to continuously inform management decisions.
• Transform and evolve Finance planning, tracking and control processes.
• Know BU financial ambitions and balance sheet aspirations of RBB in performance reporting.
• Contribute to the effectiveness of the core finance processes for RBB Finance (annual planning, forecasting, spend trajectory and reporting).
• Understand and integrate Treasury, Risk, and Finance data from a BU perspective, where appropriate.
• Influence the build of a leading global payments hub, where applicable.
• Maintain stewardship and excellence which drives performance and sustainable growth through preservation of financial integrity.
• Be an active force for good in society through business execution.
• Contribute to BCM & cybersecurity processes relevant to the BU and finance execution.

Financial Reporting Accountabilities

• Build trust in the finance function through the creation of a single source of financial information which is corroborated by related management information sources and alignment to the agreed accounting principles, methodologies, and underlying data are correctly applied.
• Generate innovative easy to comprehend progress reports for leaders on their strategic agenda, short-term and long-term plans and investments, operational success metrics, efficiencies, risks and mitigations.
• Interact with the stakeholders to agree minimum quality standards, as well as an agreed method of communicating and resolving any identified quality deficiencies in the reporting process.
• Own the process of delivery of high-quality information for regular and ad-hoc enhanced reporting to agreed requirements, timelines, and standards.
• Act in line with the correct governance and control frameworks across the Finance team, as well as for proactively addressing any deficiencies and exceptions.
• Develop and implement control procedures as deficiencies or exceptions are identified which support the production of error-free reports. Assess and drive improvement of business accounting practices and policies.
• Take a commercial view on business and provide contextual insights into performance reports.
• Integrate advanced modelling and analysis capability to provide actionable intelligence, beyond data within the function.
• Generate finance narratives and insights driving business; and build pioneering new propositions.
• Ensure appropriate, quality and timeous delivery of accurate financial and non-financial management information to support business objectives and expectations, including appropriate financial and non-financial metrics, valid and insightful comments and packaging the information in a relevant and appropriate manner.
• Deliver reporting reflecting deep commercial, holistic understanding, coherency, clarity, and contextualisation. Tell the story with passion and conviction.
• Provide thought-leadership, insight, influence and challenge on evolving stakeholder information requirements and reporting processes to deliver analytics.
• Align to processes around month-end, year-end and planning cycles across the RBB finance community and BU based on the requirements from Group. Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and BU teams.
• Manage the production of regular, high quality, standardised financial and non-financial reporting and analytics to Business and Finance; and focus on effective collaborative stakeholder hand-offs in the production.

People Investment Accountabilities

• Peer responsibility: Coach, inspire, engage, mentor and develop finance and business savvy leaders.
• Network with finance colleagues across GFD and create awareness of challenges, opportunities and issues and encourage collaboration
• Focus on Finance skills evolution and remaining relevant.
• Embrace the value of finance partnership in Big Data, Advanced Analytics, mergers and acquisitions, and partnerships into the core of our business.
• Ensure deep personal understanding of income statement, balance sheet, margin returns, variance analysis, capital and liquidity requirements, revenues, assets, liabilities and capital, expenses, headcount analytics and other key ratios through relevant business engagement.

Role / Person Specification

• Minimum B-degree (NQF level no.7) Desired Post Graduate Degree (NQF level no.8+), CA (SA) or CIMA or MBA qualification preferred.
• 3+ years professional financial management experience
• 2+ years Banking Experience at a management level
• Knowledge and skills:
• Experience in executing finance processes.
• Experience in commercial innovation environments
• Broad Finance including strategic, commercial, legal, risk and operational aspects
• Understanding of the financial services sector within a professional business environment
• Knowledge of building collaborative work environments

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.

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Job Summary

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

Job Description

• The purpose of the role is to develop, implement and monitor the effectiveness of the Pricing strategy for Vehicle Asset Finance (VAF) Credit Risk. This includes usage of the Profitability Model to monitor expected profitability of new business, estimate total book profitability (including fair value assessments), facilitate changes to the pricing strategy and challenge and enhance the pricing control environment.

Job Description

Accountability: Profitability Model Maintenance 

• Maintain and enhance the Profitability Models used for VAF portfolios. This is to ensure all relevant financial, funding and risk inputs are updated on an on-going basis, and ensuring the model adheres to the relevant group model risk policy requirements.

Accountability: Monitor and Report on Estimated Profitability 

• Monitor and report new business expected profitability, considering pricing, risk profile, cost structure and funding costs.
• Monitor total book expected profitability, including fair value related assessments.

Accountability: Pricing Strategy 

• Based on above, challenge pricing strategy where appropriate and initiate changes to address concerns.
• This includes both variable and fixed rate pricing strategies.

Accountability: Pricing Control Environment 

• Monitor pricing exceptions.
• Based on above, challenge pricing control environment and facilitate changes as required – based on potential concerns identified.

Accountability: People Management 

• Ensure delivery of business goals by aligning Performance Development (PD) Plans of direct reports to the business goals.
• Instill a performance development culture through directing the PD process and adhering to the PD calendar.
• Pro-actively identify development areas of direct reports and compile development plans to address them.
• Attract and retain talent, with the assistance from the HR Business Partner.
• Interview and recruit new members of the team, including determining appropriate compensation levels with input from HR.
• Initiate disciplinary action process as and when required, with the assistance of the Employee Relations Consultant.
• Act as the first line of escalation for all grievances.
• Conduct monthly meetings with the team to address performance gaps.
• Effectively lead team members and ensure their efforts are recognized

Education and Experience Required 

• B-degree in risk management, statistical analysis Actuarial Science, Maths Statistics, Finance or equivalent NQF level 7 qualification  
• At least five (5) years credit risk experience required
• Experience in pricing and acquisition scorecards
• Experience in building models
• At least two (2) year management experience
• SAS and Advanced Excel capabilities

Knowledge & Skills: 

• Understanding of different Pricing methodologies and strategies
• Credit Risk Modeling
• Credit Pricing
• SAS
• Analytical skills
• Modelling skills
• Sound understanding of Financial and Management Accounting – Cost Allocation theories etc
• Good understanding of ABSA Pricing and Product systems
• Communication, Networking and People skills
• Understanding of customer analytics and segmentation models
• Understanding of statistical models
• Understanding of Customer Experience processes and policies
• Management Skills
• Project Management Skills
• Mathematical Skills
• Ability to manage diversity and complexity

Education

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