Head: Enterprise Stress Testing and Scenario

2 months ago


Sandton, South Africa Absa Bank Limited Full time

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

Job Description
- To support the Enterprise Risk and Treasury CRO by taking overall responsibility for the group’s Stress Testing, Scenario Development and Internal Capital Adequacy Assessment Process (ICAAP).
- To take responsibility and accountability for coordinating, developing and executing best practice processes and tools to assist business and legal entities in optimizing stress testing; assessing vulnerabilities to external drivers and ICAAP.
- To develop, maintain and manage relationships with internal and external stakeholders for all areas of responsibility.
- Provide leadership and best practice advice with regard to impairment/capital actual and forecasting and capital buffer setting.
- Ensure quality forecasts (intra-month, full year, multiyear, stress testing) across the portfolios to support the relevant needs of business functions, risk types and legal entities.
- Ensure that stress testing results are presented in a coherent manner that can be easily understood by a non-technical audience e.g. regulators, investors, Executives and non-executive directors.
- The incumbent must have the confidence, knowledge and experience to respond to respond to robust challenge and review by stakeholders.
- The incumbent person in the role must provide the thought leadership on topics related to Risk forecasting, aggregation of risks and data and be able to extend the coverage of stress testing to all parts of the firm.
- The ability to leverage technology, internally developed and vendor solutions (mainly open source tools and platforms) to digitize and automate stress testing process is an important focus area given the evolution of stress testing within Absa Group.
- Delivery of optimal outcomes to a senior audience under tight deadlines is an ongoing requirement for this role. Therefore the ability to interact with varied stakeholders across the bank to source data, modelled results and then aggregate these is essential to the role.

Preferred Experience:

- At least 15 years post graduate experience in financial services, preferred Economic background
- At least 6 years of experience in risk management or related field in a leadership role
- At least 3 years of experience in regulatory reporting, together with direct/indirect engagement with regulator and the industry
- Proven track record of successful leadership of change and networking

Education

Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_



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