Analyst Liquidity Risk

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Belonging at Absa

Absa is committed to creating an inclusive workplace where everyone can thrive. We are an equal opportunity employer and welcome applications from suitably qualified individuals from diverse backgrounds. In support of our Diversity, Equity, Inclusion and Belonging (DEIB) commitments and Employment Equity objectives, preference may be given to candidates from underrepresented designated groups, including persons with disabilities. We encourage applicants who may require reasonable accommodation during the recruitment process to let us know so that appropriate support can be provided.

Job Summary

The Funding and Liquidity Management team formulates and executes on the overall Absa Group funding strategy, which is designed to support the strategic liquidity risk management objectives. This means ensuring that Absa Bank, and other entities in the Group, are appropriately funded in order to meet strategic growth objectives while remaining compliant with regulatory requirements, liquidity risk appetite as well as liquidity crisis survival. This role is pivotal in ensuring that funding and liquidity risk is mitigated.

Job Description

Accountability: Liquidity risk and Funding reporting        

·       Prepare daily / monthly liquidity Regulatory reporting and analytical packs for submission to the Regulator.

·       Prepare responses to queries raised by the Regulator.

·       Prepare other internal funding and liquidity reports to monitor, manage and mitigate liquidity risk.

·       Prepare funding and liquidity dashboards / packs for inclusion in committee meetings for senior management to make effective decisions.

·       Prepare funding and liquidity packs for rating agencies / Pillar 3 reporting and other external stakeholders.

Accountability:  Financial modelling / analysis                                    

·       Drive and deliver liquidity and funding ratio and process optimisation initiatives.

·       Perform detailed analysis (trend, competitor and forecasts) on key liquidity metrics and ratios.

·       Collect, interrogate and consolidate information from the Absa Regional Operations for monthly liquidity risk reporting at a Group level.

·       Annually review relevant assumptions used in liquidity reporting to ensure they are appropriate.

Accountability: Business context                                           

·       Develop an internal network within Absa Bank at different business units and within Group Treasury.

·       Develop and expand an understanding of approaches used in the management of liquidity and funding risk.

·       Provide support for meetings with auditors, ratings agencies and other parties as required.

·       Assist with production of presentations on topics related to liquidity risk and funding for various audiences as required.

Education and Experience Required

·       Relevant degree in Maths/Finance/Risk Management

·       Prior banking experience (Treasury environment preferable)

·       The role requires the suited candidate to be skilled in data manipulation

Knowledge & Skills:

·       Innovative thinker/problem solver

·       Broad understanding of banking

·       Ability to work well under pressure

·       Understanding of financial markets

·       Proficient in Microsoft Office

Competencies:  

·       Attention to detail

·       Strong numerical capability

·       Clear communication skills

·       Relationship building and networking

·       Adapting and responding to change

·       Driving change and strong desire to improve processes

·       Affinity and understanding of governance and control environment

 

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)