Empowering Africa\u2019s tomorrow, together\u2026one story at a time.<\/p>\n
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.<\/p>\n
My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa.\u00a0You are possibility.
\nJob Summary
\nResponsible for driving finance business performance and analytics for Corporate and Investment Banking (CIB \u2013 Global Markets) and Treasury. This role requires a deep understanding of the key drivers of the balance sheet, income statement, and related performance indicators. It also involves delivering critical financial insights to the Head of BP&A, Director of Corporate, Director of Markets, and Country Treasury. Additionally, the role ensures ongoing revenue assurance through effective month end processes, product profitability analysis, and the accurate recognition of revenue, costs, and balance sheet items.
\nJob Description
\nMain accountabilities and approximate time split
\nFinancial insights & strategic risk management (50%)<\/p>\n
Responsible for maintenance of accurate financial reports (Management accounts) for all Corporate and Investments Banking and products performance.
\nPartner with business by providing an accurate and timely reflection of their performance, revenue, cost, and, ultimately, profitability on a timely basis.
\nProvide objective and analytical insight into business and product performance, highlighting areas of risk and opportunities for the business.
\nProactively analyse risks and opportunities associated with the bank\u2019s financial performance.
\nCollaboratively work with the strategy team to ensure alignment of strategic agenda and financial impact.
\nProvide business and products support by actively participating \u201cNew products and governance committee\u201d by providing a financial perspective and monitoring benefits realization for all new products and other initiatives.
\nAssist in preparations of Management packs inclusive of quantitative reports and qualitative commentaries For FCMC, MBR, Flash calls, Absa Group Limited and other Bank committees.
\nResolve problems with internal business customers such as incorrect data captured in financials, rectifying inputs in the wrong place, and generally working with highly variable quality data. Actively resolve any inconsistencies to ensure our financial information is accurate and complete for decision making
\nPreparation of non-financial information (Level 2 information) and\u00a0product\/system\/process\u00a0deep dive that will help to drive meaningful discussion and decision-making
\nTimely identification and escalation of risk issues within business support and analytics unit.
\nPerform ad-hoc analysis as requested by senior management.<\/p>\n
Planning and Performance Management (20%)
\n\u00a0<\/p>\n
Assist in the preparation of the targets and proactively monitor achievement.
\nCollaborate with business to identify risk factors that could impact our ability to deliver targets and corresponding corrective actions
\nProvide mid-months outlook\/flash (at least 3btimes a month), to enable business\/Management to accelerate actions and behaviors linked to high performance.
\nProvide business support in understanding and analyzing key drivers of the various cost lines vis a vis budgets.
\nTo report financial and other performance measures (metrics) to Absa Africa.<\/p>\n
\u00a0
\nCompetitive analysis & Other Macro factors (10%)
\n\u00a0<\/p>\n
Collect and analyse market data and competitive trends, pertaining to CIB and are likely to affect the business performance and its competitive advantage, and make recommendations to enhance product profitability.
\nAnalysis of publicly available data, such as Macros and different BOT reports that could inform market trends. Typically, Sectors performance in terms of Customers deposit, Loans and advances, including currency mix of deposits.
\nPerform market Intelligence to inform the strategic directions, Including key trends observed from competitors and other industries that would inform our strategic choices.<\/p>\n
\u00a0
\nFinancial Controls and Compliance (10%)<\/p>\n
Work closely with financial controls to enhance financial controls in terms of improvement in existing processes, infrastructure and capabilities. This includes.
\nEnsure financial information are prepared in accordance with IFRS, and other relevant guidelines
\nEnsure new and existing product programs have clear accounting entries and guidelines.
\nEnsure tax treatments align with relevant tax acts
\nEnsure products mapping is up to date and accurate, such that Revenue and Balance sheet is booked to appropriate profit Centre\/Business segments.
\nCollaborate with Financial controls to automate or enhance existing processes to foster efficiency and timely preparations of financial information.
\nEnsure Financial segmentation is done fairly, accurately and timely for each month end. Also ensure TM1 results (Tanzania Cube) aligns to SAP and FR packs for consistent reporting. Any discrepancies must be communicated to head of Business performance and Analytics and Financial controller.
\nAutomation of key reports in Power BI or any other relevant data analytical tools as approved by the Bank.<\/p>\n
\u00a0
\nFund Transfer Pricing (FTP) (5%)<\/p>\n
Ensure FTP system (LUM) is configured in line with FTP policy, as approved by ALCO.
\nEnsure smooth FTP computation to ensure a fair distribution of economic benefits & costs across functions.
\nImplement key FTP changes, such as Behavioural profile and any other assumptions, subject to appropriate governance
\nCommunicate FTP results to business and Head of Business Performance and analytics, as well business colleagues before positing.<\/p>\n
\u00a0
\nTeam building and Support (5%)
\n\u00a0
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Take responsibility for personal performance development, training and career development plans and ensure they are relevant and progressed.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Actively contribute to different matters relevant for elevation of bank performance, Including supporting other team members.<\/p>\n
Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
\nPerforming assigned snap checks allocated as per guidelines.<\/p>\n
\u00a0
\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
\n\u00a0
\nManage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture:<\/p>\n
Understanding of own role in the end to end processes in which you play a part, including applicable risks and controls.
\nAdhere to Absa\u2019s policies and procedures applicable to own role, demonstrating sound judgment and responsible risk management.
\nReport 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.
\nProactively 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.
\nContinuous and proactive engagement with regulatory bodies, unions where applicable
\nAll mandatory training completed to deadline All mandatory training completed to deadline<\/p>\n
\u00a0
\nPersonal Attributes
\n\u00a0<\/p>\n
Team player
\nAnalysis and judgement
\nProactive
\nInformation gathering
\nThoroughness
\nBusiness awareness
\nPersuasive
\nGood communication, report writing and presentation skills.
\nQuality conscious
\nAdaptability<\/p>\n
Technical skills \/ Competencies
\nCompetence<\/p>\n
Bachelor\u2019s degree in accounting, Finance, Economics, Statistics, Actuarial Science, Mathematics or related fields.
\nAccounting Professional Qualifications (CPA or ACCA) will be an added advantage.
\nMaster\u2019s degree in business studies is an added advantage
\nAt least 4 years\u2019 experience in Business Finance and Analytics, Auditing, Business or Strategic planning, or Financial Accounting.
\nKnowledge on Power Bi will be an added advantage
\nStrong analytical and Interpersonal skills
\nAbility to work to tight deadlines without compromising accuracy<\/p>\n
Training likely to assist effectiveness in the role, and which may have been completed prior to undertaking this role:<\/p>\n
Product \/ Service knowledge
\nInfluencing and Negotiation Skills
\nPresentation.<\/p>\n
\u00a0
\nAbsa Values
\n\u00a0
\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
\nEducation
\nHigher Diplomas: Financial Sciences (Required)
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