Senior Finance Resource Management

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

The Head of ARO Treasury Financial Resource Management is responsible to ensure that ARO Treasury financial resources are effectively planned, allocated, and utilised across the ARO Entities, contributing to long-term financial stability and growth, reporting to the ARO Treasurer. The role enables sound financial decision-making, supports strategic initiatives, and works towards enhancing the Group’s overall financial performance and competitiveness. It requires strategic vision, in-depth expertise, and leadership to actively steer the Entity balance sheets to align with the Entity ALCO and Group strategic objectives.

The key focus of this role is to:

• Ensure optimal and efficient allocation and usage of scarce financial resources (capital, funding and leverage exposure) across ARO Treasury
• Facilitate the optimisation of value aligned performance measures (Return on Regulatory Capital (Group lens of entities) and Return on Equity ) based on the plans for the Entities and Treasury cluster.
  
  

Job Description

Accountability: Financial Resource Planning, Optimisation and Engagement

• Manage the production and reporting of ARO Entity and Treasury RoRC performance on a monthly basis, ensuring timely and accurate flash and final reporting to Entity ALCOs and MBRs.
• Explain monthly changes in RoRC performance, potential enhancement actions required and support ALCos with managing balance sheet, liquidity and capital optimisations required to improve performance, as required
• Monitor and explain changes in Entity and Group endowment allocations ensuring effective margin stability and PnL management in ARO Treasury, with alignment to TES investment management approach and returns
• Design embed and mature an effective FR allocation approach across Entity treasuries, based on resource scarcity and optimising of capital returns for the ARO Business and Group.
• Continuously evaluate the effective usage of capital by Entities in comparison with agreed targets and highlight opportunities where FR resources could be better deployed to achieve higher returns or mitigate risks more efficiently.
• Lead discussions with ARO Treasuries on additional financial resource demand and recommend efficient allocation of additional financial resources.
• Develop a detailed plan for effectively embedding Return on Risk-Adjusted Capital (RoRC) at both the Entity ALCOs. This involves partnering with ARO BUs and Risk to support effective financial resource management.
• Embed effective monitoring mechanisms to track the success of SARB RWA use and RoRC performance of Entities and ARO Treasury to budgets
• Drive the development and tracking of tactical plans and scorecard performance relating to SARB RWA use and Earnings growth across ARO Treasury and recommend enhancement actions where required.
  
  

Accountability: Financial Resource Performance Management and Governance

• Design, develop and produce FR MI and document any required Business applications that support effective decision making and capital allocation within Entities, supporting ALCOs with re-allocation, increase requests or return of Group capital
• Establish an appropriate FR forecasting process to drive decisions.
• Ensure support and alignment with Group Financial Resource Management objectives and priorities, embedding in Entities via ALCOs and within ARO Treasury
• Orchestrate the necessary process to facilitate regular strategic alignment between Group, and finance and cascaded to the individual Entities and ARO Treasuries
• Provide robust and forward-looking FR allocation and returns performance strategic updates to ARO Treasury Committee covering Entity and ARO Treasury performance
• Support CIB FRM and ARO RBB FRM committees with ARO Entity and ARO Treasury updates as required
  
  

Accountability: Data Monetisation and Digital Adoption

• Consider the explicit use of data and its inherent value to explore opportunities, plan and guide all decisions for execution.
• Ensure full alignment of metrics and financial resource positions with Compass and ARO and Group Finance reporting
• Use data to obtain a quantifiable economic benefit for the area of accountability, leveraging Internal or indirect capacity to make measurable business performance improvements and inform decisions accordingly.
• Provide effective fit for purpose tooling for FR management through deriving maximum value from a digital process or solution
• Deliberately seek opportunities to digitise, automate and implement solutions for customer primacy, innovation, and operational effectiveness.
  
  

Accountability: Good Governance, Risk and Compliance

• Influence the implementation of effective internal controls system and corporate governance under ARO Treasury accountability.
• Ensure compliance to all Group policies and Standards.
• Responsible for establishing and maintaining an appropriate governance framework to support the primary accountability for internal management reporting that supports effective decision making.
  
  

Facilitate interaction with key internal stakeholders, including Entity ALCOs, Group Treasury, ARO CFOs, Risk and Cluster / business unit teams, on key FRM matters.

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised