Head of Frm Pricing

4 weeks 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

Reporting to the RB CFO, Head of Pricing and FRM will be responsible for pricing and performance monitoring across RB products and segments.

Job Description

Performance areas:

- Optimising pricing of new and existing business (re-pricing) banking products and clients
- Manage and lead the pricing and FRM team
- Measure and monitor performance against RB targets
- Stakeholder management within RB, ensuring alignment on RB and Pricing strategy
- Ensure adherence to pricing regulatory requirements

Pricing
- Implement pricing best practice, including policies, process and procedures
- Define RB pricing strategy
- Lead standard pricing annual pricing review
- Perform portfolio simulations to determine optimal pricing margins
- Develop and maintain Standard Product and Client Pricing tools
- Provide business support on pricing matters
- Collaborate with Product and Segment teams on pricing matters
- Concession management framework including processes, budgeting, tracking and assessments
- Pricing performance tracking (deal, client, portfolio) against targets and with respect to strategy
- Revenue leakage identification and reduction
- Contribute into or lead internal pricing forums
- Pricing analytics (Pre
- and Post deal), segmentations
- Cost and capital allocation parameters for pricing models, for cost and capital components in addition to direct costing sourced from business

FRM
- Develop methodologies and tools to enable complete and consistent retrospective measurement of risks and returns
- Lead development of management information for back-book performance
- Define regulatory constraints for asset allocation (Capital allocation-unexpected loss allocation)
- Monitor capital usage against allocation
- Review performance against target (RoRWA, RORC, EP)
- Present on performance matters at the FRM Committee

Minimum Requirements

Preferably CA (SA)

8 to 10 years Financial Management Experience

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


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