Specialist: Capital Management

3 weeks ago

Sandton, South Africa Absa Bank Limited Full time
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


This role provides support to the Head of Capital Management to ensure that the capital metrics of the regulated entities across the Group are accurately calculated, reported and managed within the Group's regulatory requirements and risk appetite.


Job Description:

Group Audit and Compliance Committee and Board Reporting:

  • Prepare the Group's solvency and liquidity test to ensure compliance with the Companies Act
  • Liaise with Finance and other stakeholders to collect the necessary information required for committee and Board reporting
  • Prepare Board papers for the solvency and liquidity test
  • Prepare the Group and Bank dividend proposal papers for the Financial Director's report
  • Prepare the Group going concern papers for the Financial Director's report.
  • Take the lead in coordinating intergroup financial assistance including getting the necessary approvals and full compliance and documentation process

Monthly Economic Capital Reporting:

  • Calculate the Group and Bank's available financial resources (AFR)
  • Calculate the Group and Bank's economic capital ratios
  • Ensure the accuracy of the available financial resources and economic capital ratios on various systems including CompassX and the Absa Risk cube
  • Load the economic capital data on the Absa Risk cube and ensure accuracy of the data
  • Run and review the regulatory capital and economic capital reconciliation and investigate differences

RDARR Management:

  • Perform necessary attestations and process reviews to ensure compliance with the Risk Data Aggregation and Risk Reporting (RDARR) policy and Data and Records Policy
  • Perform required duties as the Capital actuals data steward
  • Maintain the capital process on the Voltron system

Training and Development:

  • Provide training to various stakeholders on request
  • Provide training to the Treasury Young Talent

Policy Governance:

  • Review Capital Risk policy and related standards and ensure the policy is relevant to business activities
  • Assist in drafting new standards or policies as required by changes in regulatory requirements or business practices and requirements

Recovery and Resolution Plan:

  • Determine the viability threshold for recovery options
  • Prepare the capital inputs into the Group and Bank Recovery and Resolution Plan
  • Work with Treasury Risk to determine the capital early warning indicators and point of failure
  • Keep abreast of regulatory changes and requirements on the resolution regime
  • Perform the calculations to determine the amount of FLAC required by the resolution authority

Weighted average Cost of Capital:

  • Prepare the internal Absa Group and Absa Bank Weighted Average Cost of Capital (WACC) calculation.
  • Populate the funding template including the cost of capital reported to the PA
  • Populate the main features template as required by pillar 3 regulations
  • Ensure every updated to the main features template is timeously published on the Groups website
Education

Bachelor's Degrees and Advanced Diplomas:
Financial Sciences (required)

  • Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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