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  • Posted: Feb 8, 2022
    Deadline: Not specified
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  • Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise the possibilities on our continent and beyond.
    Read more about this company

     

    Manager: Portfolio Analytics

    Job Description

    • Work with appropriate stakeholders to develop and validate an effective business plan for existing customers that best maximises the opportunities from the Absa Consumer Banking network within an acceptable risk/reward profile.
    • Ensure lending policies align with the overall Risk Management objectives and is in line with the overall Retail and Business Banking (RBB) Strategic direction.
    • Ensure full interaction with Pricing and Profitability to ensure alignment between Risk Appetite, Underwriting Strategy and Pricing for existing customers.
    • Understand the interaction between the macro environment and credit performance and adjust credit underwriting strategy within Risk Appetite accordingly based on macro expectations.
    • Contribute (strategically) to building the vision and developing successful practices for Consumer Banking and the wider Credit Risk Management Team.
    • Manage and co-ordinate the development of reporting requirements and portfolio measures for the product Risk Management team through the Absa committee structures.
    • Present key credit trends and highlight recommendations and risk mitigation plans to the relevant Risk Management Head by either extracting data from within own team or consolidating data from central MI team.
    • Ensure monthly Portfolio Performance Reports (with commentary) are submitted in accordance with the agreed deadlines and required standards and that all actions are addressed and feedback given in a timely manner.
    • Ensure the development of more frequent MI (daily, weekly, monthly, as required).
    • Oversee the quality of reports to ensure they cover performance monitoring and benchmarks.
    • Support and stand in for the Head of Risk Management as and when required.
    • Liaise with various internal stakeholders (e.g. Risk Management, Credit Lending, Product Head, IT and Enablement, Group Risk) to secure their respective support in the implementation of changes to the credit underwriting strategies for existing clients and also ensuring capacity exists to implement.
    • Review and report strategy performance and trends to the Head: Risk Management Unsecured, Portfolio Quality Review Meeting, Retail Credit Risk Committee, Group Risk teams, and Product Teams.
    • Ensure compliance with relevant Group Policies.
    • Ensure that all legislative requirements are complied with (e.g. National Credit Act, Basel).
    • Support relevant Audits and ensure any potential audit findings are addressed inline with committed dates.
    • Ensure delivery of business goals by aligning Performance Development (PD) Plans of direct reports to the business goals.
    • Instil 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.

    Education

    Bachelor Honours Degree: BMI - Business Management and Informatics (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

    go to method of application »

    Snr Finance Business Partner

    Job Summary

    To provide financial leadership and support to the business. Provide guidance from a financial perspective to the business around the developing and measurement of businesses strategic goals. Drive operational
    understanding of the financial impact of decisions made. Drive the businesses financial objectives by providing
    accurate value-added financial management information and analysis.

    Job Description

    Key Accountabilities

    Accountability: Financial Leadership and Support to business 40%

    1. Provide direction to the business executive committee (exco) based on analytical review of the Business Performance and an understanding of key business drivers
    2. Provide clear direction to the exco on what the business requirements and imperatives are by translating current business performance into actionable business objectives aimed and driving and improving performance.
    3. Participate as an active member of the Executive Committee of the business
    4. Translate Cluster strategy into meaningful operational targets for the business unit under management. Ensure that the focus areas are disseminated to all levels in the business unit
    5. Represent the business at a Product Cluster Level and negotiate and secure the budget and plans for the business unit and together with the Business ME take accountability to ensure the delivery on the promised business results.
    6. Negotiate with the various stakeholders on the targets set and drive the overall achievement of performance objectives in the business unit through the performance management function within the required business parameters.
    7. Drive change proactively aimed at continuous improvement in all areas of the business.
    8. Understand the requirements and mechanics of Economic / Regulatory Capital and Risk Weighted Assets as required by Basel III for Credit and Operational Risk.
    9. Support the business with the determination of the optimal usage of capital working within the constraints laid down by the Balance Sheet Management Committee
    10. Understand the requirements of Value Based management and help the business implement the principles and measurement capabilities

    Accountability: People Management 10%

    • Develop internal capability through the recruitment and development of a capable team who will ensure the necessary resources are in place to achieve business strategy and objectives.
    • Together with the HRBP for the business unit implement 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
    • Motivate team and implement measures in place to recognise their direct reports
    • Motivate team members through coaching and mentoring them to perform optimally around the vision and values, create a sense of urgency and excitement around the business and ensure that they strive to deliver optimally
    •  
    • Accountability: Risk Management 10%
    • Act as sponsor for the area’s Risk Management Control Framework and manage and ensure compliance of the relevant policies
    • Implement areas identified in the review of audit issue/findings logs and ensure adequate attention is given to closure within the agreed timelines by the accountable incumbent within the team.
    • Complete required compliance and SOX attestations and ensure that impacted team members complete their attestations
    • Review and approve Control Risk Assessments (RCA's) prepared in the function.
    • Complete attestations to testify to the adequacy of controls on request within specific area
    • Implement Key Risk Scenarios. Actively work with other managers to ensure the risk in the BU is minimised the amount of economic capital that has to be set aside for operational risk.

    Accountability: Financial management and Business Partnering 30%

    1. Working with business unit heads define the cost centre structures and rollup/ consolidation to effectively manage the businesses performance
    2. Work with business unit heads to determine their performance reporting (financial and non-financial) needs and agree deliverables on an annual basis
    3. Define and instruct team on the formatting of management reports and contract with system developers and data providers to develop the reports
    4. Ensure "one version of the truth" for all reporting and that management reporting reconciles/agrees to reports produced within other areas of the business
    5. Review the variance analyses for the different business units as prepared by the team and discuss major variances, on the cost and income sides, with business unit heads to gain and understanding of the reasons
    6. Review quality of and provide input into the Cluster Exco pack (as compiled by the Cluster CFO) with a focus on the variances, reasons for variances and overall business performance of the cluster.
    7. Review transfer pricing arrangements in place for group functions charging to the cluster and recharges from the cluster to other business areas. On a monthly basis review reports to ensure that the charges processed are accurate and address concerns directly with the finance teams from other areas
    8. Lead investigations into cost saving initiatives and make comprehensive recommendations to the business unit ME.
    9. On request from project/change teams, provide input and support during the development of business case financials for new projects or initiatives
    10.  
    11. Accountability: Financial forecasting 10%
    12. Working with the business unit team and participate in the forecasting and scenario planning processes by providing a view on the financial impact on the cluster of changing internal financial strategies
    13. Advise business unit decision makers on the process and requirements during the MTP (Medium Term Planning), STP (Short-term/budget planning) and RAF (Revised Annual Forecast) cycles. Ensure that their commitment and thorough input is obtained for these activities and support them with translating strategy into financial objectives on request
    14. Manage and review the consolidated financial plans generated by MTP, STP and RAF prepared by the team and quality check the consolidations prior to recommending approval to the Cluster CFO.
    15. Role / Person Specification
    16. Education and Experience Required
    17. NQF Level 7: Honours/Masters Degree
    18. CA(SA) or equivalent NQF level 7 qualification
    19. At least 5 years general management experience in a banking finance environment
    20. At least 3 years experience in successful performance management
    21. At least 3 years experience as a proactive change agent
    22. Experience in a Leadership role
    23. Exposure to dealing with Key stakeholders & Senior Management

    Knowledge & Skills:

    1. Banking regulation (Expert)
    2. Writing & reporting (Advanced)
    3. Presentation skills (Advanced)
    4. Understanding of systems used (Advanced)
    5. Understanding of relevant legislation (Advanced)
    6. Understanding of corporate controls and checks (Advanced)
    7. Knowledge of business continuity and contingency (Advanced)
    8. Computer literacy (Advanced)
    9. Excellent organisational skills (Advanced)
    10. Excellent communication skills (Advanced)
    11. Relationship management and networking (Advanced)
    12. Strong performance management and coaching skills (Advanced)
    13. Ability to think creatively (Advanced)
    14. Ability to react positively under pressure (Advanced)
    15. Good understanding of the policies and strategies (Advanced)
    16. Understanding of Banking operating structures (Advanced)
    17. Change management (Advanced)

    Competencies:

    1. Entrepreneurial and commercial thinking
    2. Deciding and initiating action
    3. Adapting and responding to change Planning
    4. Learning and researching
    5. Analysing
    6. Planning and organising
    7. Relating and networking
    8. Leading and supervising

    Education

    Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

    Method of Application

    Use the link(s) below to apply on company website.

     

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