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\nWith 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.<\/p>\n
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\nJob Summary
\nEnsure all activities and duties are carried out in full compliance with regulatory requirements (home and host), Enterprise Wide Risk Management Framework and internal Absa Bank Tanzania Markets and Treasury Risk Policies, framework and Standards. Understand and manage risks and risk events (incidents) in CIB Business and Treasury Function.<\/p>\n
Job Description
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\nMain accountabilities and approximate time split
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\nRisk Management 60%
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\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Where required, lead on development and maintenance of country specific Liquidity Risk, Capital risk, Market Risk Frameworks and Policy.\u00a0 Assist on Liquidity Standards development by Treasury.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Review and recommend (if appropriate) improvements Liquidity, Capital and Market Risk Standards and other documents to Treasury Risk KRO, in-country CRO and Treasury management; Aim being to provide innovative solutions.<\/p>\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Provide updates to regulators and respond to inquiries into company\u2019s capital risk, liquidity risk and market risk functions following appropriate governance.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Continuously update detailed awareness of Treasury and Market Risk related issues and changes across relevant business areas;
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Provide assurance on compliance with the Capital Risk, Liquidity Risk and Market Risk Frameworks and policies to the in-country CRO, AGL Treasury Risk and Market Risk KRO and provide value-adding recommendations to the Treasury\/Market Risk senior management team to ensure that activities are controlled but also that processes are efficient.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Review and recommend proposals for limit changes\/new metrics to CRO and AGL KROs;
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Provide advice to the in-country Treasury and Global Markets team regarding local issues from the review such as local regulatory requirements.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Report on and monitor market risk exposures against predefined limits on a daily and timely basis
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Regular review of Treasury Risk and Market risk policies, standards and frameworks and ensure all are subject to Governance approvals including the Board as deemed appropriate.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investigate Market Risk PV and completeness of reconciliations and resolve exceptions on a daily basis.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0Investigate and resolve back-testing market risk exceptions daily.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Review and sign off, where required, on risk metrics daily.<\/p>\n
Report on and monitor exposures against predefined limits on a daily basis. Build an understanding of capital requirements and the drivers thereof to provide business with insight to make trading \/ hedging decisions.
\nParticipate in new product \/ business developments, significant change processes and complex trade reviews by performing risk assessment and stress testing.<\/p>\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Review and challenge Treasury attestations including stress testing and Risk appetite
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Support and provide guidance to Treasury and Global Market\u2019s team in the implementation of frameworks and policies.<\/p>\n
Other Risk Support plus Relationship Management (30%)
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\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Represent the Risk team, for example our approach to managing Treasury risk\u2013 from time to time, this includes calls or meetings with Centre Risk colleagues, or internal\/external auditors.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Provide support on other technical activities of the treasury and Markets team as required.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Provide expertise on Capital and Liquidity risk and input to key Group initiatives
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Liaise with key stakeholders including AGL Treasurers (VP\/D level) and other functions
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Develop a wide network of contacts across Risk and the business to identify and work towards common goals.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Know our clients\/customers and understand how the conformance team\u2019s work benefits them
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Proactively take on additional tasks as requested by the CRO.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Make sure our colleagues in the business are equipped to be able to protect our reputation at all times.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Understand and adhere to the appropriate Absa Bank Policies and Standards applicable to the role.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Understand and manage risks and risk events (incidents) in the role thereby contributing to the adherence to the Absa Bank Tanzania Risk and Control Framework. Complete all mandatory training as required.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0 Drive Risk Data Aggregation and Risk Reporting responsibilities pertaining to Treasury Risk and Market Risk as a process and Data Steward. Attend Data Working Group and conducting RDARR reviews and self-assessment to ensure full compliance with RDARR principles
\nRisk and Controls Objectives
\nEnsure that all activities and duties are carried out in full compliance with regulatory requirements, Absa Operational Risk Framework and internal Absa Policies and Standards<\/p>\n
Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Adhere to Absa\u2019s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Report all risk events \/ incidents \/ issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Continuous and proactive engagement with regulatory bodies, unions where applicable
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 All mandatory training completed to deadline
\nTechnical skills \/ Competencies
\nEducation and Experience Required
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Minimum Bachelor\u2019s degree in Statistics, Mathematics, Risk Management, Econometrics, Economics or Accounting with at least 3 years of Risk and or Treasury related experience<\/p>\n
Participate in new product \/ business developments, significant change processes and complex trade reviews by performing risk assessment and stress testing.<\/p>\n
\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Practical risk management experience in Treasury is preferred
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 A good\u00a0 understanding of bank products and their inherent risks for clients and the Bank
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Good understanding of current and future regulatory environment and ability to translate that into requirements for risk frameworks and individual businesses.
\nKnowledge & Skills (Maximum of 6):
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Excellent negotiation skills, ability to use this in presentations to very senior stakeholders<\/p>\n
\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Ability to manage a relationship with staff at all levels and to agree the recommendations with senior management.
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Very good understanding of macro-economics
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Very good understanding of reputational and its impacts
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Good understanding of operational and compliance risks
\nCompetencies (Maximum of 8 competencies):
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Analytical mind, capable of collecting and assessing multiple risk information from diverse
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Excellent interpersonal, persuasion and communication skills, both written and oral.
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Deciding and initiating action
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Learning and researching
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Entrepreneurial and commercial thinking
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Relating and networking
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Adapting and responding to change
\n\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Creating and innovating
\nAbsa Values
\nAbsa\u2019s\u00a0 Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
\n\u00b7\u00a0 Trust
\n\u00b7\u00a0 Resourceful
\n\u00b7\u00a0 Stewardship
\n\u00b7\u00a0 Inclusive
\n\u00b7\u00a0 Courage
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\nEducation
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\nHigher Diplomas: Business, Commerce and Management Studies (Required)
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