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
To understand Risk Appetite Framework and Stress Testing Policy and apply it. To monitor the macroeconomic indicators against risk appetite, understand its impact on the risk measures as well as the Bank’s balance sheet and income statement. Also understand scenario planning and stress testing with a specific focus on its impact on the financial budget and strategy of the Bank, using the available tools/models.
Job Description
Accountabilities:
- Participation in the review, challenge and oversight for the stress testing framework.
- Perform and co-ordinate the review, challenge and oversight of stress testing and scenario planning results across the Group.
- Identify the external macroeconomic indicators that most materially impact the bank and monitor them against long-term trends.
- Facilitate stress testing and scenario planning exercises by assessing the impact of the portfolios based on macroeconomic scenarios and evaluating the impact of the scenarios on the balance sheet, income statement and capital parameters.
- Quantify the impact of macroeconomic factors on the risk measures as well as the financial statements of the Bank.
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Co-ordinate and review annually the credit risk appetite setting for the preparation of the Group's risk appetite setting process.
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Continuously review the risk appetite performance related to credit risk to ensure no breaches have occurred.
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Support the management of the risk appetite framework by ensuring that adequate governance is in place for the process.
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Assist in generating the risk appetite parameters and monitor the Bank’s budget and actual performance against it and report thereon.
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Review and monitor the Bank’s financial statements, actual performance, and budgets.
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Continuously review and evaluate the bank’s portfolio and identify balance sheet optimization benefits that could strategically improve the banks management of financial resources.
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Keeping abreast and understanding the applicable regulatory requirements that may impact the risk management processes.
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Perform sensitivity analysis exercises, including comparisons of outcomes using different measuring tools.
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Create comparisons and summaries of different models that are / could be considered for use.
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Perform benchmarking activities e.g. peer comparisons.
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Undertake research on topics that inform any of the above activities.
Education and Experience Required:
- BCom Honours Economics, Risk Management or Accounting preferred
- At least 3 years’ experience in risk management, market research, accounting or related field.
- 2 years additional experience in business management will be preferred.
- Experience working with excel modelling and ability to interact strategically with internal 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
Top Skills
What We Do
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.
