Senior Manager: Margin Analytics - Johannesburg, South Africa - Nedbank

Nedbank
Nedbank
Verified Company
Johannesburg, South Africa

2 weeks ago

Thabo Mthembu

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Thabo Mthembu

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Description
Job Family- Risk, Audit and Compliance

  • Career Stream
  • Enterprise Wide Risk Management


  • Leadership Pipeline

  • Manage Managers

Job Purpose

  • The Margin Analytics function plays an important role in Nedbank in terms of unpacking the Group and clusterlevel net interest income (NII), interest earning assets (IEA) and net interest margin (NIM)

The Senior Manager:

Margin Analytics is responsible for managing the margin analytics processes and associated reporting into the various executive committees and public disclosures.


  • The Margin Analytics function works closely with the Funds Transfer Pricing (FTP) team to keep abreast of the movements in the FTP rates and changes in methodology that will impact NIM and similarly with frontline clusters to unpack and understand the movements in client rates and any changes in inter alia strategy.

  • The Senior Manager: Margin Analytics will be responsible for supporting the Executive: Funds Transfer Pricing and Margin Analytics with quantitative and qualitative tasks pertaining to Group and clusterlevel NII, IEA and NIM and other Asset and Liability Management processes.

Responsibilities:


Retrospective and Prospective Group NIM Analysis and Reporting

  • Responsible for analysing and reporting the drivers of Group and clusterlevel NII, IEA and NIM movements through various reporting periods.
  • Managing the reporting of NIM analytics in public disclosure documents, e.g. results booklets. Support the Nedbank leadership team to present NIM to the market by raising key items, offering good insights and relevant analytics in a timely manner.
  • Collaborating with frontline clusters to, retrospectively and prospectively during the forecasting process, unpack the key drivers of movements in their funding and credit spreads and together with the FTP team liaise with frontline clusters to share information about movements in FTP rates and how it could be impacting their funding and credit spreads, endeavouring to have a consistent message being landed at the various management meetings.
  • Build strong relationship with and add value to frontline clusters through insightful engagements and analytics tools that BSM avail to ultimately ensure that the BSM Margin Analytics team is a partner of choice for frontline clusters.
  • Continuously optimising and automating NIM processes to ensure worldclass reporting with key insights with maximum time spent on analytics and valueadd.
  • Produce Group and cluster level NIM analytics over the forecasting period and enable constructive discussions to ensure that Strategic Portfolio Tilt, other Alco and management strategies and changes in the FTP methodology is correctly incorporated into the forecasting process.
  • Manage all other daily, weekly, monthly and adhoc responsibilities of the Margin Analytics team.
  • Keep abreast of market, accounting and strategy changes to anticipate and report the impact it could have on Group NII, IEA and NIM in a timely manner.

Comprehensive Peer Analysis

  • Complete detailed peer analysis, including rightsizing analytics, by unpacking the NII, IEA and NIM drivers of the peer group as disclosed to the market and comparing it to the drivers in Nedbank.
  • Collaborate with Group Risk to overlay the Credit Loss Ratio and provide key insights to stakeholders.

Contribute positively to the greater FTP and Margin Analytics and BSM team:

  • Active involvement in the running of some of the key FTP processes to promote synergy in the greater team, reduce key-person dependency and encourage cross-skilling in the team.
  • Engage with the FTP, Interest Rate Risk in the Banking Book and BSM Finance teams on key developments, projects and strategies that will impact NII, IEA and NIM.
  • Role model humancentered leadership and values driven, ethical behaviour in Nedbank. Contribute positively to the Nedbank culture and inspire delivery of our purpose of using our financial expertise to do good and in so doing, drive greater impact in society.


  • Essential Qualifications

  • NQF Level
  • Advanced Diplomas/National 1st Degrees


  • Preferred Qualification

  • Post graduate degree in Accounting, Economics, Financial Risk Management, Quantitative Risk Management, Financial Mathematics.
  • Minimum Experience Level 5 to 10 years' experience within a Treasury, Balance Sheet Management, Asset and Liability Management or NII Analytics function.
  • 3 years in a people management position.
  • Knowledge of banking book products and experience with data analytics and optimisation of processes.
  • Personal style and values
  • Must demonstrate a willingness to enhance understanding of current methodologies and models (selfstarter).
  • Excellent verbal and written communication skills.
  • Must be able to explain complex and/or technical matters clearly, accurately and simply.
  • High levels of resilience, determination and drive.

Technical / Professional Knowledge

  • Budgeting
  • Business terms and definitions
  • Capacity planni
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