Country and Sovereign Risk Manager - VP

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

To assess, monitor and manage sovereign and country risk of the jurisdictions the bank takes risk in. The qualified candidate will join the Absa Group Limited Country and Sovereign Risk team, which is part of the Group Credit Risk unit.

Job Description

Key Accountabilities:

• Focus on country and sovereign risk portfolio management
• Enhance and manage country & sovereign risk governance related matters including engagements with external bodies (i.e. banking associations.)
• Manage and consolidate trigger frameworks as well as the associated actions.
• Develop and maintain information & research sources relevant for country and sovereign risk management.
• Coordinate the embedment of the bank’s strategy, priorities and targets within the country risk team.
• Ensure operational and administrative efficiencies are achieved within the team.
• Support the Head of Country & Sovereign Risk with implementation of frameworks, models and policy enhancements.
• Develop systems and processes to track adherence to sanctions conditions.
• Develop and provide input for (country and sovereign) risk models (i.e. understanding sovereign PD models) as well as giving input in deal structuring to mitigate risks.
• Manage limits and exposure data of the portfolio, ensure accurate and efficient reporting.
  
  

Preferred Experience:

• Manager in risk or economic research (in a financial sector entity) field.
• Country and sovereign credit risk analytics
• Understanding of country, credit and market risk
• Experience in a similar environment at Financial Institutions, Multilateral Institutions, Research Companies, Rating Agencies, etc.
• Experience with working on bank limits and exposure data
• Economic Research and Report Writing
• Understanding of sovereign ratings and Loss Given Default models
• Knowledge of banking products and operations
  
  

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (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