Resolution Modelling Analyst

Job Description

Hello future Resolution Modelling Analyst

FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you

Role Purpose.

Treasury Modelling Analyst: Recovery and Resolution Planning will be accountable in a direct supporting role for the group Recovery and Resolution Planning (RRP) process with specific focus on recovery and resolution modelling and valuations. The analyst will need to be a self-starter who has risk, finance, modelling and valuation experience. The analyst would be responsible for creating, maintaining, and reviewing valuation models to support recovery and resolution planning, ensuring adherence to regulatory requirements, and collaborating with various stakeholders.

Are you someone who can:

- Help enhance the recovery modelling and develop the resolution valuation process for the group with constant refinement.to meet existing and developing resolution standards
- Support implementation of the standards, with appropriate levels of governance, in line with standards.
- Engage with SMEs on various aspects covered under the resolution standards.
- Develop and maintain valuation models for pre
- and post-resolution and recovery scenarios, including estimating expected cash flows under various stress scenarios.
- Ensure valuation models and methodologies comply with relevant regulations and standards (existing and evolving) as well as IFRS
- Analyse financial data, including accounting and regulatory information, to support valuation modelling.
- Preparation of presentations or reports on modelling results to key stakeholders including ALCCO, FRM, RCCC, related subcommittees, and/or external regulators.
- Engagement with internal auditors in the annual audit of the RRP process.
- Provide support to the subsidiaries (African and International) with regards to RRP valuations and modelling when required and/or as external regulations evolve.
- Participate in ad hoc capital and Treasury projects and regulatory requests as and when required.
- Have 3 to 5 years' relevant experience in risk, finance, modelling, corporate finance or quantitative role.
- Strong understanding of valuation methodologies, financial models, and techniques used in business rescue, financial recovery and resolution.
- Strong analytical and data manipulation skills with a proficiency in building and maintaining financial models
- Familiarity with relevant existing and evolving regulations and standards related to recovery and resolution modelling
- Knowledge of existing and evolving regulatory frameworks related to recovery and resolution planning.
- High proficiency in Advanced Excel, PowerPoint and Word, and possess excellent communication skills and good organisational abilities.
- HFM and CDM experience beneficial.
- Understanding of the FirstRand group structure and risk management processes beneficial.
- Due to the nature of the work, confidentiality and ethics are of utmost importance.
- Well-informed effective management information to allow senior management to take decisions that benefit Corporate Treasury
- Scope, complexity, risk associated with projects
- Implement policies and safeguard the Bank Group's interest within the context of regulatory environment and FRG as a whole
- The work requires strong analytic and risk management practice, requiring logical thinking and attention to details. There is also a significant amount of meeting and mail-based communication of practices.
- The work requires significant attention to detail, multi-tasking and strict time pressures. The work also requires strong adaption to regulatory development and changes.
- Requires good written and oral communication skills and must be team player, with the ability to multitask and take accountability/ownership for work.

Qualifications
- Minimum: Post Graduate degree or Honours in Accounting or Financial Analytics or in Mathematics or Quantitative Analytics or Statistics

You will have access to:

- Challenging work in a complex and exciting environment
- Opportunities to innovate and create efficiencies.
- Opportunity to engage with Treasury functions and depending on your career ambitions, craft yourself a niche career path in a specialized area of finance.

We can be a match if you are:

- Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to
- Obsessed with mastery - you know what it takes to become good at what you d