Collateral & Client Valuations Analyst

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

CIB Post Trade Services Team (PTS) is currently looking for a Collateral & Client Valuations Analyst, to perform operational functions of the Collateral & Client valuation business and ensure compliance with Equities regulation, Exchange control rules, bank policies and other related directives.
Have a solid understanding of the margining process for Cleared and Non Cleared Derivative IM & VM margins under CSA, CSA IM & GMRA as well as SBL margining under GMSLA.
To provide support on all Collateral Management activities and processes in relation to the following:

- Ensure margin calls are processed timeously
- Query Resolution
- Trioptima recons - report and resolve all material portfolio reconciliation breaks
- IMEM recons - report and resolve all material portfolio reconciliation breaks
- Ensure all applicable reconciliations are completed timeously
- Ensure all applicable reports are distributed timeously
- Engage internal and external Absa clients
- Ensure material breaks are escalated
- Keep abreast of emerging regulations that are impacting Collateral activities
- Take accountability and be visible to stakeholders on issue resolution, by providing proactive solutions.
- Identify new opportunities to enhance delivery, reduce risk & operating expenses while improving efficiency.
- MI & KPI reporting - monthly review, analysis & refinement, with the assistance of senior management

Job Description

Key Accountabilities

Accountability: Collateral & Client Valuation 0perations
- Ensure that all client valuations are successfully issued on a daily and monthly basis- Ensure margin calls are processed timeously for OTC CSA, OTC IM, GMRA, GMSLA agreements- Compile, distribute and resolve queries on collateral recons- Compile, distribute and resolve queries on collateral reports- Monitor automated client valuation exception queue- Assist with the automation of existing manual client valuation- Extract the daily Trioptima mtm difference reports and investigate all differences over the threshold (older than 3 days, USD 1M; EUR 1M & ZAR 15M)-
- Build a good working relationship with FO, MO, Credit Risk, Market Risk & Client Static- Ensure the procedure manual is updated with changes regularly- Ensure all queries are responded to timeously- Ensure all Items at Risk or aged items are escalated to Senior Management for resolution

Accountability: People Management
- Work with managers in the team to achieve excellent business results through continuous people development

Accountability: Change Management- Introduce, deploy and manage best practice procedural methodology and adherence relative to providing superior client service offerings- Manage procedural change within the context of working with all representative stakeholders in terms of employee resource requirements

Accountability: Risk Management- Ensure that processes, control requirements and risk management frameworks that impact the area are understood- Work with the Risk & Control Team during the scoping of audits to ensure fair coverage- Agree corrective action items with Internal Audit- Complete required compliance and attestations- Ensure and understand all compliance and risk requirements and identify gaps- Ensure that all regulatory requirements are adhered to.

Education and Experience Required
- B-Degree in a business-related field or equivalent NQF level 6 qualification
- 5 Years’ Experience in CSA, GMRA & GMSLA margining, in a Banking Environment

Knowledge & Skills: (Maximum of 5)
- Knowledge and experience in Acadia, Front Arena (preferable) Trioptima & IMEM
- Logical thinker and good problem-solving skills

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_