ALM Risk Manager

Job Description Hello future ALM Risk Manager!

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!

• Ensure compliance with agreed ALM framework and policies.
• Be aware of new regulations and provide guidance on how this could affect treasury operations (and potential impact on our existing processes to assist).
• Work with the assurance functions to continuously improve the effectiveness of the control environment and to embed a functioning feedback loop.
• Ensure full compliance with appropriate regulations.
• Develop and provide guidance to risk production team(s) to support risk reporting/IT strategies.
• Review and enhance appropriate/standardised risk reporting to risk committee(s).
• Identify gaps in the existing risk processes and work cross functionally to address them.
• Establish, communicate, and facilitate the use of appropriate risk management methodologies, tools and techniques.
• Establish and communicate risk management objective and direction.
• Provide guidance, support and appropriate prioritisation for key risk-based project deliverables.
• Establish, maintain and continuously improve risk management capabilities.
• Provide independent review of proposed business plans and transactions.
• Conduct risk management education and training from time to time.
• Assist management with integrating risk management with the strategy development process.
• Work with portfolio management team to understand hedging requirements.
• Ensure compliance with any published directives where appropriate.
• Financial statement disclosures.
• Active participant in appropriate risk committees and forums.
• Develop and maintain relationship with relevant management teams (including business and treasury).
• Develop and maintain relationships with teams driving new group reporting and data strategies.
• DCF – be kept informed of any new deals/products that are to be launched and identify how this could impact on risk processes and reporting.

You will be an ideal candidate if you:

• Under-graduate degree in Banking, Risk Management, Finance, Accounting or Auditing and/or quantitative subjects, Applied Mathematics, or Professional Accounting, and/or similar professional financial qualification.
• 5 years + experience, of which at least 3 years’ operating in a Treasury/ALM environment.

• Capable of analyzing complex concepts and translating these into simple and concise narratives for management and other stakeholders.
• Capable of managing large datasets using tools such as Excel/VBA/SQL/Power query
• Knowledge of ALM risk measures and practices (e.g., NII sensitivity, reprice and cashflow ladders)
• Experience of balance sheet management/ALM systems such as KRM/QRM is advised.
• Understanding of governance and control frameworks.

You will have access to:

• Challenging work in a complex and exciting environment
• Opportunities to innovate and create efficiencies.

We can be a match if you are:

• An experienced Asset and Liability Management Risk Manager. In this role you will be responsible for the regulatory and external reporting of Asset & Liability Management across the Group.
• Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it.

Are you interested to take the step? We look forward to engaging with you further. Apply now! #Post #FCC Job Details Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below 09/06/25 All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.