Senior Manager: Management Accounting - Sandton, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

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

In addition to formulating and executing on the overall Absa Group funding strategy designed to support the strategic liquidity risk management objectives, the Funding and Liquidity Management team will also manage the population and reporting of depositor insurance templates to the Corporation of Depositor Insurance (CODI).

This role is pivotal in ensuring that the necessary rules are maintained and applied to Absa client data to generate the CODI reports, reports are attested to and delivered to CODI and any queries are addressed.

There is also a requirement to ensure the allocation of deposit insurance costs back to business.

Job Description:

Accountability:
Depositor Insurance reporting 50%

Manage direct reports and IT team to ensure daily / monthly deposit insurance reporting is prepared for submission to CODI.
Ensure appropriate responses provided to queries raised by CODI.
Present and manage other internal management information reports to monitor, manage and mitigate data quality risk.
Manage and maintain / provide relevant input into policies and standards that impact or are impacted by depositor insurance data and reporting requirements.
Ensure management information dashboards / packs are generated for inclusion in committee meetings for senior management to make effective decisions.
Ensure necessary governance processes are in place and adhered to for CODI reporting.
Work with data owners and forums across the organisation to ensure any data remediation required is appropriately prioritised, actioned, tracked and reported on.
Work with Treasury IT team to ensure the depositor insurance reporting system is maintained and aligns to the bank's architectural objectives.
Prepare depositor insurance information packs for any external reporting as may be required.

Accountability:
Financial modelling / analysis 20%

Ensure deposit insurance data quality and process optimisation initiatives are delivered.
Ensure detailed analysis (trends, and forecasts) on key depositor insurance data is available to support planning and optimisation.

Accountability:
Business context 30%

Develop an internal network within Absa Bank at different business units and within Group Treasury.
Establish and manage relationships with both internal and external sources of information in order to deliver on objectives.
Build and maintain relationships with both internal and external roleplayers, e.g. regulatory and industry meetings/forums.
Develop and expand an understanding of approaches used in the management of broader liquidity and funding risk.
Provide support for meetings with auditors, ratings agencies and other parties as required.
Assist with production of and present material on topics related to depositor insurance and liquidity risk and funding for various audiences as required.

Education and Experience Required

Relevant degree in Maths/Finance/Risk Management
Prior banking experience, more than five years (Treasury environment preferable)
Understanding of data analysis an advantage.

Knowledge & Skills:

Ability to build sound relationships with stakeholders and appropriately respond to their needs.
Prioritise the output of the team/self, ensuring delivery within deadlines.
Ability to absorb large volumes of information and identify the critical parts.
Understanding complexity and crossfunctional work.
Strong analytical ability to drill down and analyse data, trends, etc.
Has a good understanding and is up to date with relevant sector/department knowledge.
Knowledge of banking products and related financial issues.
Innovative thinker/problem solver
Broad understanding of banking
Ability to work well under pressure
Understanding of financial markets
Proficient in Microsoft Office
A knowledge of PowerBI would be advantageous

Competencies: