Liquidity and Interest Rate Risk Reporting Manager

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

Job Description

Key Accountabilities

Liquidity Risk and Funding reporting:

• Daily liquidity coverage ratio (LCR) reporting
• Prepare / Review BA reporting pertaining to the SARB regulatory requirements for the monthly LCR and NSFR metrics
• Reporting of liquidity risk metrics for SARB stress testing regulatory requirements
• Ensure that the bank delivers on its Liquidity risk framework within the approved regulatory constraints and risk appetite
• Assist and review new product proposals to ensure compliance with the liquidity regulations
• Maintenance of the model assumptions, rules and documentation
• Pillar 3 and AFS reporting
• Prepare / Review of Quarterly IFRS 7 reporting
• Highlight business activity driving metrics through creating presentations required for internal stakeholders and management reporting
• Review any new reporting requirements under the proposed new Basel liquidity framework or under PRA requirements and assist execution teams propose
• Tracking and allocation of liquidity costs associated with regulatory compliance
  
  

Interest rate risk reporting:

• Prepare / Review BA reporting pertaining to the SARB regulatory requirements for the monthly NII and EVE metrics
• Ensure that the bank delivers on its Interest rate risk framework within the approved regulatory constraints and risk appetite
• Owning the Finance end to end process of producing monthly regulatory reporting metrics, ensuring policy adherence
• Provide commentary on monthly Balance Sheet movements
• Participate in the forecasting and scenario planning processes by providing a view on the financial impact on the business
• Track and manage integrity of the metrics by monitoring and continuous development of controls and data quality dashboards
• Proficiency in use of data analysis tools for risk reporting such as SAS, LUM, QRM, QlikView and Excel
  
  

Data analysis:

• Drive and assist with data analysis as required for risk reporting
• Assist with the development testing and transfer to production environment of system and business changes as required
• Provide input to optimize and automate processes, data sourcing and reporting
  
  

Business context:

• Develop an understanding of approaches used in the management of liquidity risk, both within Absa and also by its peers
• Develop an internal network within Absa at different business units and within Group Treasury to assist in driving liquidity optimization initiatives
• Preparation of management information to senior management to make effective decisions
• Develop an understanding of the liquidity risk and interest rate risk management policies used
• Provide support for meetings with auditors and other parties as required
• Gain an understanding of key economic drivers and financial market dynamics to assist in the understanding of the implications of these aspects on liquidity and interest rate risk reporting
  
  

People Management:

• Provide guidance to team members to drive performance against business and team objectives
• Manage and embed informal coaching in the team
• Motivate and manage formal performance development
  
  

Role/Person Specification

Education and Experience Required:

• B-degree (Accounting/Quantitative Finance)
• Post-graduate qualification (advantageous)
• At least 3 years of banking experience required in a liquidity/regulatory reporting/Treasury environment
• The role requires the suited candidate to be skilled in data analysis and manipulation
  
  

Knowledge & Skills:

• Innovative thinker/problem solver
• Team Player
• Broad understanding of banking
• Basel III Knowledge
• Good understanding of financial markets
• Understanding of market liquidity and liquidity risk management
• Proficient skills in QlikView and Excel
  
  

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