Cib Enterprise Risk Analyst

1 month 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

The objective of the role is focused on setting, risk measurement, methodology, modelling, reporting and analysis of risk appetite for CIBs portfolio and concentration. The role also involves the forecasting and stress testing related to the metrics.

Job Description

Accountability: Risk Management
- Involvement in the development and thereafter, maintenance, measurement, monitoring, analysis and reporting of risk appetite measures monthly.
- Risk Appetite setting and approvals ensuring the appropriate quantitative input and measures are considered to aid appropriate risk decision making.
- Ensuring risk appetite is aligned to the strategic objectives of CIB. Strong emphasis is placed on analytical skills (monitoring of trends and changes with an appropriate interpretation of risk), with attention required as to the maintenance and improvement of monthly processes (focus required in terms of data, accuracy and automation).
- Participation in financial planning cycles through the Integrated Planning and Risk Adjusted Forecasting processes, as well as assurance that that risk appetite for the business unit acknowledges both the macro-economic outlook and business goals and strategy.
- Assist with and support the embedment of risk appetite metrics and models (Regulatory and Economic capital) and associated risk adjusted performance metrics in the business units with risk appetite setting, forecasting and stress testing in scope.
- Drive strategic initiatives and delivery of BCBS 239 change initiatives relating to the business unit to deliver stable data and reporting solutions through BCBS239 projects that will serve consumers of risk appetite information. Drive constant improvement of management information that would meet the requirements of diverse audiences, ranging between peers, senior management and the board.
- Support the delivery of ICAAP process, reporting and objectives, in liaison with Treasury and Finance.
- Assist with ad hoc projects as well as project management.

Accountability: Concentration Risk
- Involvement in the development and thereafter, maintenance, measurement, monitoring, analysis and reporting of concentration risk monthly.
- Risk Appetite setting and approvals ensuring the appropriate quantitative input and measures are considered to aid appropriate risk decision making.
- Ensuring risk appetite is aligned to the strategic objectives of CIB.
- Strong emphasis is placed on analytical skills (monitoring of trends and changes with an appropriate interpretation of risk), with attention required as to the maintenance and improvement of monthly processes (focus required in terms of data, accuracy and automation).
- Participation in financial planning cycles through the Integrated Planning and Risk Adjusted Forecasting processes, as well as assurance that that risk appetite for the business unit acknowledges both the macro-economic outlook and business goals and strategy.
- Drive strategic initiatives and delivery of BCBS 239 change initiatives relating to the business unit to deliver stable data and reporting solutions through BCBS239 projects that will serve consumers of risk appetite information. Drive constant improvement of management information that would meet the requirements of diverse audiences, ranging between peers, senior management and the board.
- Assist with ad hoc projects as well as project management.

Accountability: Forecasting and Stress Testing
- Production of baseline and stressed estimates for impairments during the annual budgeting cycle with input from relevant parties
- Production of any other impairment forecasting, both for internal purposes and as required by external stakeholders (e.g. SARB)
- Ensure understanding and integration of impairments forecast between all teams involved in producing

Accountability: Model Oversight
- Develop a detailed understanding of the models used for Economic Capital as well as ongoing model ownership, monitoring, testing and assisting with the model validation process.
- Engage with relevant stakeholders in the business and model development, interface and validation teams to ensure models are fit for purpose.
- Initiate and drive improvements.
- Develop a detailed understanding of the correlation/factor model used in Economic Capital
- Develop a detailed understanding of the Central Forecasting Model and relevant stakeholders in the business and model development, interface and validation teams to ensure models are fit for purpose. Initiate and drive improvements.

Accountability: Stakeholder Management
- Management of stakeholders across risk and business as well as gr

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