About this role
Empowering Africa’s tomorrow, together…one story at a time.
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
The Risk and Capital Management Specialist is vital in identifying and responding to regulatory change and updates to the market risk capital regime while ensuring the highest internal standards and governance are adhered to. This person must continuously seek ways to contribute to delivery of the business. He/She will be responsible for the regulatory reporting and the implementation of market risk regulatory and capital models, as well as ensuring that control and governance requirements are met. The individual must ensure that best practices are in place through efficient and scalable processes.Job Description
Accountability: Market and Valuation Risk Oversight
Governance and Control
Understand and comply with all applicable governance, compliance and risk policies and procedures, ensuring that the relevant documentation is in place.
Risk Evaluation
Identify market, regulatory or other developments which may affect market and valuation risk models and methodologies.
Understand the intricacies of new regulatory approaches so as to develop and implement appropriate models and advise business on impact on the potential risk-weighted returns.
Risk Monitoring and Measurement
Monitor changes in regulations and legislation and ensure firm is informed and educated on relevant topics by taking responsibility for rolling out necessary changes.
Understand the drivers behind regulatory changes.
Review of existing measurement methodologies and recommend improvements where necessary.
Establish an appropriate risk reporting and monitoring framework, ensuring businesses are aligned to governance framework and defined risk appetite.
Accountability: Capital Management
Ensure that appropriate models are used for accurate market risk measurement and capital calculations for both regulatory and management purposes.
Establish and maintain selective daily / monthly / quarterly risk and capital measurement and forecasting processes.
Accountability: Projects and Innovation
Drive enhancements of processes by measuring the effectiveness of all procedures. Review of existing measurement methodologies and recommend improvements where necessary.
Implement best practices as relevant and proactively find value-adds to the business and timely respond to business needs.
Be part of the process to bring regulatory capital pricing drivers into markets trading decision-making.
Accountability: Stakeholder and Relationship Management
Lead by example in building strong relationships.
Establish and nurture influential relationships with a wide network across the organisation in order to identify synergies and optimally leverage relationships, knowledge, services and resources to provide superior solutions.
Timely escalation of potential issues to relevant stakeholders.
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
Other facts
About Absa Group
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
What you'll do
- The Market Risk Analyst will oversee market and valuation risk governance, ensuring compliance with regulatory changes and internal standards. They will also be responsible for regulatory reporting and implementing market risk models while driving process enhancements.
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