CIB Enterprise Risk Analyst - Risk Appetite

at  Absa Bank Limited

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 objective of the role is focused on setting, risk measurement, methodology, modelling, reporting and analysis of risk appetite for CIBs portfolio and concentration. The role also involves the forecasting and stress testing related to the metrics.
Job Description

Accountability: Risk Management

• Involvement in the development and thereafter, maintenance, measurement, monitoring, analysis and reporting of risk appetite measures monthly.
• Risk Appetite setting and approvals ensuring the appropriate quantitative input and measures are considered to aid appropriate risk decision making.
• Ensuring risk appetite is aligned to the strategic objectives of CIB. Strong emphasis is placed on analytical skills (monitoring of trends and changes with an appropriate interpretation of risk), with attention required as to the maintenance and improvement of monthly processes (focus required in terms of data, accuracy and automation).
• Participation in financial planning cycles through the Integrated Planning and Risk Adjusted Forecasting processes, as well as assurance that that risk appetite for the business unit acknowledges both the macro-economic outlook and business goals and strategy.
• Assist with and support the embedment of risk appetite metrics and models (Regulatory and Economic capital) and associated risk adjusted performance metrics in the business units with risk appetite setting, forecasting and stress testing in scope.
• Drive strategic initiatives and delivery of BCBS 239 change initiatives relating to the business unit to deliver stable data and reporting solutions through BCBS239 projects that will serve consumers of risk appetite information. Drive constant improvement of management information that would meet the requirements of diverse audiences, ranging between peers, senior management and the board.
• Support the delivery of ICAAP process, reporting and objectives, in liaison with Treasury and Finance.
• Assist with ad hoc projects as well as project management.

Accountability: Concentration Risk

• Involvement in the development and thereafter, maintenance, measurement, monitoring, analysis and reporting of concentration risk monthly.
• Risk Appetite setting and approvals ensuring the appropriate quantitative input and measures are considered to aid appropriate risk decision making.
• Ensuring risk appetite is aligned to the strategic objectives of CIB.
• Strong emphasis is placed on analytical skills (monitoring of trends and changes with an appropriate interpretation of risk), with attention required as to the maintenance and improvement of monthly processes (focus required in terms of data, accuracy and automation).
• Participation in financial planning cycles through the Integrated Planning and Risk Adjusted Forecasting processes, as well as assurance that that risk appetite for the business unit acknowledges both the macro-economic outlook and business goals and strategy.
• Drive strategic initiatives and delivery of BCBS 239 change initiatives relating to the business unit to deliver stable data and reporting solutions through BCBS239 projects that will serve consumers of risk appetite information. Drive constant improvement of management information that would meet the requirements of diverse audiences, ranging between peers, senior management and the board.
• Assist with ad hoc projects as well as project management.

Accountability: Forecasting and Stress Testing

• Production of baseline and stressed estimates for impairments during the annual budgeting cycle with input from relevant parties
• Production of any other impairment forecasting, both for internal purposes and as required by external stakeholders (e.g. SARB)
• Ensure understanding and integration of impairments forecast between all teams involved in producing

Accountability: Model Oversight

• Develop a detailed understanding of the models used for Economic Capital as well as ongoing model ownership, monitoring, testing and assisting with the model validation process.
• Engage with relevant stakeholders in the business and model development, interface and validation teams to ensure models are fit for purpose.
• Initiate and drive improvements.
• Develop a detailed understanding of the correlation/factor model used in Economic Capital
• Develop a detailed understanding of the Central Forecasting Model and relevant stakeholders in the business and model development, interface and validation teams to ensure models are fit for purpose. Initiate and drive improvements.

Accountability: Stakeholder Management

• Management of stakeholders across risk and business as well as group.
• Requirement to interact with data / IT teams as well as credit modelling teams to ensure correct data and model implementation.
• Build strategic ties with business and finance to ensure optimal interaction during financial planning cycles.
• Stay abreast of central changes impacting on risk appetite from a methodology perspective.

Accountability: Governance and Adherence

• Ensure adherence to policies and standards as pertains to risk appetite.
• Build, maintain and implement and control and governance framework capable of withstanding high levels of internal and external scrutiny (e.g. conformance reviews, internal and external audit, regulators etc.).

Accountability: Leadership

• Develop and maintain relationships with relevant business units by understanding the business units’ requirements and obtaining feedback.
• Work with stakeholders to create and maintain a portfolio of business management information by utilizing consistent and validated data sources.
• Contribute to the development of a high-performance culture.
• Participate in planning, resource allocation, training and team-building functions.

Accountability: Continuous self-development and growth

• Stay abreast of knowledge and skill relevant to the level and area of work, and actively seek to attain those required for the next level of work.
• Improve corporate performance by considering influencing events, quantifying the impact on corporate performance and proactively finding solutions.
• Perform all other duties as reasonably assigned.

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 advertise

Accountability: Risk Management

• Involvement in the development and thereafter, maintenance, measurement, monitoring, analysis and reporting of risk appetite measures monthly.
• Risk Appetite setting and approvals ensuring the appropriate quantitative input and measures are considered to aid appropriate risk decision making.
• Ensuring risk appetite is aligned to the strategic objectives of CIB. Strong emphasis is placed on analytical skills (monitoring of trends and changes with an appropriate interpretation of risk), with attention required as to the maintenance and improvement of monthly processes (focus required in terms of data, accuracy and automation).
• Participation in financial planning cycles through the Integrated Planning and Risk Adjusted Forecasting processes, as well as assurance that that risk appetite for the business unit acknowledges both the macro-economic outlook and business goals and strategy.
• Assist with and support the embedment of risk appetite metrics and models (Regulatory and Economic capital) and associated risk adjusted performance metrics in the business units with risk appetite setting, forecasting and stress testing in scope.
• Drive strategic initiatives and delivery of BCBS 239 change initiatives relating to the business unit to deliver stable data and reporting solutions through BCBS239 projects that will serve consumers of risk appetite information. Drive constant improvement of management information that would meet the requirements of diverse audiences, ranging between peers, senior management and the board.
• Support the delivery of ICAAP process, reporting and objectives, in liaison with Treasury and Finance.
• Assist with ad hoc projects as well as project management

Accountability: Concentration Risk

• Involvement in the development and thereafter, maintenance, measurement, monitoring, analysis and reporting of concentration risk monthly.
• Risk Appetite setting and approvals ensuring the appropriate quantitative input and measures are considered to aid appropriate risk decision making.
• Ensuring risk appetite is aligned to the strategic objectives of CIB.
• Strong emphasis is placed on analytical skills (monitoring of trends and changes with an appropriate interpretation of risk), with attention required as to the maintenance and improvement of monthly processes (focus required in terms of data, accuracy and automation).
• Participation in financial planning cycles through the Integrated Planning and Risk Adjusted Forecasting processes, as well as assurance that that risk appetite for the business unit acknowledges both the macro-economic outlook and business goals and strategy.
• Drive strategic initiatives and delivery of BCBS 239 change initiatives relating to the business unit to deliver stable data and reporting solutions through BCBS239 projects that will serve consumers of risk appetite information. Drive constant improvement of management information that would meet the requirements of diverse audiences, ranging between peers, senior management and the board.
• Assist with ad hoc projects as well as project management

Accountability: Forecasting and Stress Testing

• Production of baseline and stressed estimates for impairments during the annual budgeting cycle with input from relevant parties
• Production of any other impairment forecasting, both for internal purposes and as required by external stakeholders (e.g. SARB)
• Ensure understanding and integration of impairments forecast between all teams involved in producin

Accountability: Model Oversight

• Develop a detailed understanding of the models used for Economic Capital as well as ongoing model ownership, monitoring, testing and assisting with the model validation process.
• Engage with relevant stakeholders in the business and model development, interface and validation teams to ensure models are fit for purpose.
• Initiate and drive improvements.
• Develop a detailed understanding of the correlation/factor model used in Economic Capital
• Develop a detailed understanding of the Central Forecasting Model and relevant stakeholders in the business and model development, interface and validation teams to ensure models are fit for purpose. Initiate and drive improvements

Accountability: Stakeholder Management

• Management of stakeholders across risk and business as well as group.
• Requirement to interact with data / IT teams as well as credit modelling teams to ensure correct data and model implementation.
• Build strategic ties with business and finance to ensure optimal interaction during financial planning cycles.
• Stay abreast of central changes impacting on risk appetite from a methodology perspective

Accountability: Governance and Adherence

• Ensure adherence to policies and standards as pertains to risk appetite.
• Build, maintain and implement and control and governance framework capable of withstanding high levels of internal and external scrutiny (e.g. conformance reviews, internal and external audit, regulators etc.)

Accountability: Leadership

• Develop and maintain relationships with relevant business units by understanding the business units’ requirements and obtaining feedback.
• Work with stakeholders to create and maintain a portfolio of business management information by utilizing consistent and validated data sources.
• Contribute to the development of a high-performance culture.
• Participate in planning, resource allocation, training and team-building functions

Accountability: Continuous self-development and growth

• Stay abreast of knowledge and skill relevant to the level and area of work, and actively seek to attain those required for the next level of work.
• Improve corporate performance by considering influencing events, quantifying the impact on corporate performance and proactively finding solutions.
• Perform all other duties as reasonably assigned