Job Vacancies at Postbank

About the job

Purpose of the Job:

The IT Head of Operations works closely with the CIO in directing and overseeing IT Operations. This position is responsible for the effective and efficient delivery of all IT infrastructure used to support business process, services and end users across the bank. As a member of the IT senior leadership team, the role contributes to the development and execution of the enterprise wide IT strategy. This position oversees functional managers (Payments and Interbank, IT Projects, Core banking/applications).

Job Responsibilities:

• Responsible for the overall enterprise-wide effectiveness and efficiency of all infrastructure systems, networks and end user support system and to ensure high levels of functionality, performance, and business alignment.
• Oversees, coordinates, and monitors all support, administration, and operational management activities. Responsible for high levels of infrastructure reliability, availability, performance, problem management / elimination, PCI compliance, and IT disaster recovery.
• In alignment with the architecture functions, the Head of IT Operations develops and implements standards, procedures, and operational IT processes. Systematically monitors for problem and opportunity areas and is proactive in assessing and making recommendations for improvement.
• Develops, deploys, and improves the full spectrum of IT operations processes.
• Ensures the infrastructure is designed and managed to achieve and maintain high levels of reliability and performance.
• Ensures all infrastructure systems configuration and operating procedures are fully documented and properly maintained.
• Interacts with and manage outside vendors, outsourcers, and service providers to procure and deliver technology products, services, and contracts. Ensures consistent quality and delivery of service across a tiered IT support model.
• Provides leadership and management in the planning and management of infrastructure operations, production support, systems and database administration, application development, and desktop support.
• Establishes, monitors, and analyses performance metrics and service level agreements to ensure business and customer needs are being properly met.
• Sets the mission and vision of the Infrastructure/ Operations team to foster a business-oriented culture and mind set driven by continual service improvement techniques.
• Leads the development of IT Operations service strategy and technical roadmap, and ensures its integration with the overall IT and enterprise strategic plans.
• Oversee the evaluation of work processes to eliminate waste; monitor for continuous improvement.
• Develop partnerships with stakeholders and senior management to remain abreast and assist in the resolution of current issues and challenges.
• Collaborate with Postbank Executive Leadership to ensure that communication and processes are seamless across division lines.
• Provide clear and open communication within Postbank, with users/clients, and senior leadership makers to ensure the transparency of Infrastructure and Operations activities and objectives.
• Produce timely and relevant status reports
• Works with HR and the IT leadership team to develop "talent strategy" that aligns with the current and future business and IT strategy.
• Perform functions typically associated with managing and leading others, including performance management, recruitment and selection, and compensation and policy administration.
• Set expectations, counsel, commend, and manage employee performance on an on-going basis and in relation to their performance.

Qualifications and Experience

• Bachelor's Degree in Computer Science, Information Systems or a related field
• Relevant certifications and accreditations such as ITIL, ISO, PMI, etc. (Added advantage)
• Experience in strategic planning, organization design and development
• At least 6 years of IT technical infrastructure management experience
• 5 or more years of leadership responsibilities, managing groups and teams which included responsibility for hiring, disciplining, coaching, rewarding and terminating employees
• Demonstrated record of budget and cost management experience
• Experience leading IT transformational initiatives in complex and dynamic environments
• Valid driver's license
• Public sector experience / banking sector experience
• Ability to build and maintain relations with banking regulators (FIC, PASA, Bankserv)
• Ability to prioritize and execute tasks in a high-pressure

Skills:

• Business system thinking, Leadership and strategic thinking, Creative thinking and Business engagement - ability engage and communicate [talk] business

Attributes:

• Achievement driven (results driven), Action oriented, Assertiveness, Attention to detail, Coaches / Counsels / Mentor / Evaluates Staff, Business orientation, Command the ability to thrive in a climate of ambiguity, Commitment to Continuous Quality / Process Improvement, Customer orientation, Dependability / Attendance, Encourages Teamwork and Group Achievement, Flexibility / Adaptability to Change, Identifies areas for and Supports Employee Development Opportunities, Integrity

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About the job

Purpose of the Job:

Responsible for identifying, measuring, managing, monitoring and reporting all Market Risks emanating from Postbank Treasury activities as well as Model Risk governance. In addition, the manager will be responsible for Model Risk Validation of all Models developed within the bank and report the findings to ALCO, RCMC and the Board.

Job Responsibilities:

• Develop, implement and maintain ALM and Market Risk related performance measures and Key Risk Indicators.
• Assist head of Market Risk to maintain and annually review policies and procedures; ensure compliance to regulations and industry best practice.
• Assess the appropriateness and suitability of the risk limits and monitoring.
• Continuous research, develop and implement appropriate models to facilitate information on market risk management activities.
• Assess appropriateness of the modelling assumptions used to model market risk, Credit Risk, Operational Risk and other risks faced by Postbank.
• Potentially develop challenger models for validation of Credit Risk Models and Operational Risk Models.
• Identify, research, develop, implement and maintain appropriate reporting strategies to support Postbank’s strategic and business needs and objectives.
• Assist Market Risk Head to provide the relevant market risk sections for the Bank's regulatory reporting and the ALCO pack.
• Perform Model Validations across all Postbank models by agreed deadlines.
• Perform ongoing model monitoring and review process.
• Reporting on and escalating areas of model validation to ALCo, RCMC and Postbank Board
• Document findings of validations and review process.Take ownership of the full end-to-end model validation lifecycle (development, implementation and governance) to meet relevant business as usual and project timelines.
• Ensure the efficient management, control and compliance of function / resources in accordance with the stipulations of the PFMA, fraud prevention and risk management principles, corporate governance, legislation, company policies, processes, regulations, Delegation of Authority, etc.

Qualifications and Experience:

• Minimum of an applicable Bachelors qualification
• BSc. (Hons) NQF 8 Degree in Mathematics, Statistics, Applied Math or Maths of Finance (will be an added advantage)
• 5 or more years’ experience in Market Risk and/or model validations

Skills:

• Model Validation, Behavioural credit scoring, Credit impairments under IFRS 9, Regulatory capital requirements, Credit risk management processes across the credit life cycle, Retail banking experience, Risk and Compliance management, Relevant statutes, rules and regulation, Interest Rates Risk, Liquidity Risk, ICAAP, Stress Testing, Basel II and III, Banks Act, Statistical techniques and models, Financial market products, Strategy development and implementation. Accurate numerical computations, analytical and overall quantitative skills. Critical Thinking.

Attributes:

• Achievement driven (results-driven), Action oriented, Attention to detail, Business orientation, Command the ability to thrive in a climate of ambiguity, Commitment to Continuous Quality / Process Improvement, Customer orientation, Adaptability to Change, Integrity

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About the job

Purpose of the Job:

• The Quantitative Analyst is responsible for ensuring the bank's balance sheet is appropriately modelled and maintained, as well as timely, efficient and controlled risk reporting and position monitoring of Treasury transactions and the balance sheet.
• Responsible for the development and implementation of the Treasury related policies and monitoring the compliance thereof.
• Provide input into the development of the investment strategies for Asset and Liability Management purposes.
• Responsible for the development and implementation, of quantitative models for market risk measurement
• Responsible for the long-term forecasting, stress testing and scenarios analysis of the cash flow (Liquidity) and the net interest income.
• Responsible for the valuation of financial instrument.
• Analysis and evaluation of financial structures, including risk management/hedging, investment and funding.

Job Responsibilities:

Strategic alignment

• Responsible for the development and implementation of the Treasury policy and monitoring the compliance thereof
• Participate in preparation of feedback reports for ALCO
• Performing hedge effectiveness tests and valuations on relevant derivative instruments on an ongoing basis as well as IFRS 7 and IFRS 9 reporting
• Provide input into the development of the investments and liquidity management strategies for Asset and Liability Management purposes

Valuation of Financial Instruments

• Responsible for the valuation of financial instruments.
• Responsible for the development of appropriate hedge effectiveness models and monitoring of hedge effectiveness.
• Responsible for Treasury related aspects of IFRS 7 and IFRS 9
• Manage and monitor the impact of changes in the general economy including inflation, GDP growth, interest rates, and foreign exchange rates
• Provide input into the determination of the profit and loss of Postbank’s Treasury department.

Modelling, Forecasting and stress Testing

• Responsible for the long-term cash flow forecasting and conduct back testing and stress testing for liquidity risk
• Responsible for the forecasting of net interest income (NII), interest rate sensitivity and EVE modelling
• Develop and implement a stress testing framework models to facilitate the assessment of the impact of macroeconomic stress scenarios on the capital position (for all quantifiable risks) and P& L of the Bank
• Assist in formulation and updating of the ICAAP and ILAAP for the Bank
• Responsible for the development of models to support quantification of Pillar 1 & 2 risks and enhanced stress testing
• Conduct behavioural studies on the distribution of assets and liabilities for bucketing purpose for preparation of statement of structural liquidity
• Assist with the Pillar 3 disclosure

Compliance

• Responsible for monitoring the compliance to the Treasury related policies.
• Provide input into regulatory reporting, Pillar 3 disclosure and Annual report
• Support annual review of the counterparties
• Responsible for monitoring the compliance to the prudential requirements

Operations

• Responsible for maintaining the static data on the Treasury Management system and ensuring alignment with the ERM system.
• Responsible for ensuring accuracy of market data and systems parameters used for instrument valuations
• Participating and delivering multiple initiatives being business projects, systems change implementations and new products development on behalf of Treasury

Qualifications and Experience:

• BSc (NQF 7) or B Com (Hons) degree (NQF 8) in Mathematical Statistics, Statistic or Econometrics or similar qualification
• CFA/FRM will be an added advantage
• At least 5 years’ of specialized balance sheet management within a banking industry
• Strong Treasury Operations background accounting
• Practical knowledge & understanding of financial instruments
• Experienced in numerical/statistical programming languages such as R, SAS or MatLab

Skills:

• In depth knowledge of industry best practices
• Deep understanding of Asset / Liability Portfolio management
• Understanding of Bank Capital adequacy models
• Practical knowledge of the IFRS 9 and In-depth Hedge Accounting experience
• Good understanding of Government related acts (PMFA, Basel, King III - VI, Banks Act etc)
• Deep understanding of quantitative analysis methodology and financial modelling techniques
• Knowledge of ICAAP

Attributes:

• Good business acumen, Strong analytical, quantitative and qualitative skills, Ability to think strategically, Ability to work under-pressure, Customer service driven, Resilient

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About the job

Purpose of the Job:

Responsible for compliance to Tax Management strategy, policies and procedures for Postbank.

Job Responsibilities:

• Develop, implement and maintain Tax Management (VAT and Company Tax) strategies.
• Ensure provision of on-time, accurate taxation information, computations and supporting schedules.
• Ensure that taxation templates / modules are implemented and that areas of improvement are identified, implemented and monitored.
• Ensure the completion of relevant taxation returns and schedules for Postbank are submitted to SARS.
• Ensure that accurate and on-time monthly reconciliations of all relevant GL accounts are prepared for submission to financial reporting.
• Determine tax implications and provide tax advice on corporate restructuring initiatives; business ventures, etc. to the Group and comply.
• Provide assistance with the preparation of the annual statutory accounts regarding taxation and ensure that all necessary statutory and IFRS requirements are complied with on an ongoing basis, including notes to the AFS.
• Review/prepare tax technical information (prepare tax and deferred tax calculations).
• Liaise with both internal and external stakeholders. Ensure transfer pricing compliance.
• Ensure the efficient management, control, compliance and reporting of the function / resources in accordance with the stipulations of the PFMA, Treasury Regulations, IFRS, VAT and Tax Acts, company specific policies and regulations, national legislation, fraud prevention and risk management principles, Corporate Governance, Skills development, Delegation of authority, etc.

Qualifications and Experience:

• BCom Hons degree, NFQ8 equivalent with Tax major or CA (SA) qualification.
• Member of SAICA or SAIPA or SA Institute of Tax Practitioners (SAITP) will be preferred.
• At least 5 years’ experience in a management capacity. Multi-disciplinary exposure in both Direct and Indirect tax.
• In-depth knowledge of the VAT Act and the Income Tax Act.
• Risk and Compliance management, Strategy development and planning
• IFRS, PFMA and Treasury Regulations
• Income tax, Tax preparation, Tax Payments, Reconciliations and clearing accounts and processes.
• Relevant statutes, rules and regulations.
• Financial systems, SAP.

Skills and Attributes:

• Conflict resolution and/or mediation skills, Influencing and Negotiation skills, Advanced verbal and written communication, presentation, Decision making, Change management and Financial Management, Reconciling, Compliance, Income tax, Tax preparation and Tax Payments, Project management (principles, practices, techniques and tools), Organisational development, management techniques and good business practices, Value Chain Management and Research skills , Ability to analyse complex problem situations and design effective remedial solutions, Implementation skills, Developing and delivering business strategy, Excellent interpersonal and customer service skills, Ability to understand and apply tax laws and changes in the preparation process, Excellent organizational skills and attention to detail. Accurate math and accounting skills, Proficient with Microsoft Office Suite or related software.
• High level of emotional intelligence, Business Acumen, Business Intelligence/Organisational awareness, Adaptability to change, Effective Communication, Learning Agility, Initiative, creativity and Innovation, Critical Thinking, Cross Cultural Awareness and sensitivity, Decision Making, Knowledge Management, Managing and developing others, Relationship Building, Resilience, Strategic Thinking, Customer and Client Orientation.