Head Treasury Risk

Job Requisition ID: R-15977111

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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.

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Job Summary

Ensure that all activities and duties are carried out in full compliance with regulatory requirements (home and host), Enterprise-Wide Risk Management Framework and internal Absa Policies and Policy Standards. Understand and manage risks and risk events (incidents) relevant to the role. This role is to lead the oversight of Liquidity Risk on behalf of the KRO and CRO.

Job Description

Main accountabilities and approximate time split

Risk Management (70%)

• Lead on development and maintenance of country specific Liquidity Risk, Capital risk, Market Risk Frameworks and Policy.
• Assist on development of Treasury Risk Policies and standards
• Lead and co-ordinate the drafting of country specific Capital Risk, Liquidity Risk and Market Risk Framework and Policy Addendums with AGL KROs.
• Assist on Capital Risk, Liquidity Risk and Market Risk Standards Addendum development by in-country Treasury.
• Lead the review and customization of all policies, standards and frameworks for Capital Risk, liquidity risk and market risk. Ensure they are updated annually and approved by the relevant Governance forums including the Board.
• Coordinate the review Internal Capital Adequacy Assessment Process (ICAAP) and ensure the process is managed timeously and submission of ICAAP is done within set timelines.
• Lead the maintenance, coordination and embedment of Integrated Risk Management framework, including Risk Appetite setting and Stress testing including capital buffer setting process in the bank.
• Responsible for setting and monitoring of risk appetite limits and thresholds as approved by the Board.
• Review and recommend/approve (or decline) Treasury, Markets and CIB proposals for limit changes/new metrics to CRO and AGL KROs.
• Drive the embedment of model risk and standards pertaining to capital and liquidity including where deemed necessary Credit Risk
• Undertake operational risk reviews in CIB where required
• Review and recommend (if appropriate) improvements Liquidity, Capital and Market Standards and other documents to Treasury Risk KRO, in-country CRO and Treasury management. Aim is to provide innovative solutions, for example suggesting improvements in the way resources are allocated.
• Provide updates to regulators and respond to inquiries into company’s capital risk, liquidity risk and market risk functions following appropriate governance.
• Continuously update detailed awareness of Treasury related issues and changes across relevant business areas;
• Provide assurance on compliance with the Capital Risk, Liquidity Risk, Market Risk and Operational Risk Frameworks and policies to the in-country CRO, AGL Treasury Risk KROs and provide value-adding recommendations to the Treasury senior management team to ensure that activities are controlled but also that processes are efficient.
• Provide direction and knowledge leadership to Treasury, Markets and CIB in general;
• Provide technical recommendations and advice on risk issues to senior management in Risk and Treasury and Markets;
• Contribute to the strategy recommendations for Liquidity Risk, Capital Risk and Market Risk management;
• Provide advice to the in-country Treasury team regarding local issues from the review such as local regulatory requirements
• Report on and monitor market risk exposures against predefined limits on a daily and timely basis
• Investigate Market Risk PV and completeness of reconciliations and resolve exceptions on a daily basis.
• Investigate and resolve back-testing market risk exceptions daily.
• Review and sign off, where required, on risk metrics daily.
• Report on and monitor exposures against predefined limits on a daily basis. Build an understanding of capital requirements and the drivers thereof to provide business with insight to make trading / hedging decisions.
• Participate in new product / business developments, significant change processes and complex trade reviews by performing risk assessment
• Review and challenge semi-annual Treasury attestations
• Support and provide guidance to Treasury, Markets and CIB teams in the implementation of frameworks and policies
• Drive Risk Data Aggregation and Risk Reporting responsibilities pertaining to Treasury Risk and Market Risk as a process and Data Steward. Attend Data Working Group and conducting RDARR reviews and self-assessment to ensure full compliance with RDARR principles.

Project support (20%)

• Represent the Risk team, for example our approach to managing Treasury risk– from time to time, this includes calls or meetings with regulators (home and host) or internal/external auditors.
• Both on regulatory and general projects, the candidate is expected to provide a Risk view of how the strategy of Capital Risk, Liquidity Risk and Market Risks should develop. The candidate is expected to engage with the Programmes at a senior level and to make recommendations to the AGL Key Risk Officer, in-country CRO and to the in-country Head of Treasury.
• Provide support on other technical activities of the treasury team as required.

Relationship Management (10%)

• Provide expertise on Capital, Liquidity and Market risk and input to key Group initiatives
• Liaise with AGL’s Internal Audit on relevant audits where necessary
• Liaise with key stakeholders including BAGL Treasurers (VP/D level) and other functions
• Develop a wide network of contacts across Risk and the business to identify and work towards common goals.
• Know our clients/customers and understand how the conformance team’s work benefits them.
• Proactively take on additional tasks as requested by the CRO/Managing Director.
• Make sure our colleagues in the business are equipped to be able to protect our reputation at all times.
• Understand and adhere to the appropriate ABT Policies and Standards applicable to the role.
• Understand and manage risks and risk events (incidents) in the role thereby contributing to the adherence to the Absa Risk and Control Framework. Complete all mandatory training as required

Risk and Control Objective

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Treasury Risk and Operational Risk Frameworks and internal Policies and Standards.
• Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
• Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
• Adhere to ABT’s policies and procedures applicable to own role, demonstrating sound judgment and responsible risk management.
• Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
• Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
• Continuous and proactive engagement with regulatory bodies, unions where applicable
• All mandatory training completed to deadline. All mandatory training completed to deadline.

Education and Experience Required

Minimum Bachelor’s degree in Statistics, Mathematics, Risk Management, Econometrics, Economics or Accounting with at least 3 years of Risk and or Treasury related experience

Excellent understanding of Liquidity Risk, Capital Risk and Market Risk. A broad knowledge gained in the Treasury, Risk or Audit team of a bank

Practical risk management experience in Treasury is preferred

Very good understanding of bank products and their inherent risks for clients and the Bank

Good understanding of current and future regulatory environment and ability to translate that into requirements for risk frameworks and individual businesses.

Knowledge & Skills: (Maximum of 6)

• Excellent negotiation skills, ability to use this in presentations to very senior stakeholders
• Ability to manage a relationship with staff at all levels and to agree the recommendations with senior management.
• Very good understanding of macro-economics
• Very good understanding of reputational and its impacts
• Good understanding of operational and compliance risks

Competencies: (Maximum of 8 competencies)

• Analytical mind, capable of collecting and assessing multiple risk information from diverse
• Excellent interpersonal, persuasion and communication skills, both written and oral.
• Deciding and initiating action
• Learning and researching
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Creating and innovating

Absa Values

Our Values provides a framework for how we in Absa work together and how we serve our customers and the communities we are in:

• Trust
• Resourceful
• Stewardship
• Inclusive
• Courage

Education

Bachelors Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)