Head Collateral Management & Valuations

Absa Group; Sandton; On-site; ZAR 1,000,000 - 1,500,000; Full time

Job summary

A leading financial services organization is seeking a Head of Collateral Management & Valuations to oversee important collateral operations and ensure compliance. The role demands over 10 years of investment banking experience, with a strong emphasis on leadership and analytical skills. The ideal candidate will demonstrate a proven record of managing complex collateral operations while fostering a collaborative team environment. This position offers the chance to shape strategies and contribute to the firm's future growth.

Qualifications

• Minimum of 10 years of experience in investment banking.
• Strong understanding of collateral operations and regulations.

Responsibilities

• Manage all Post Trade Collateral Management activities.
• Ensure proactive adherence to compliance and regulatory frameworks.
• Lead and mentor a high-performing team.

Skills

Collateral Operations knowledge

Analytical skills

Communication skills

Leadership

Education

Bachelor's degree in Business or Finance

Job 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

CIB (Post Trade Services Team) is currently looking to hire a Head of Collateral Management & Valuations. This role will manage and provide direction & oversight into all Post Trade Collateral Management activities and processes, key being:

• In-depth Collateral Operations knowledge & expertise across OTC CSA, GMRA, GMSLA & Valuation statements, products and processes.
• Recognised as the Collateral Operations Subject-Matter expert.
• Monitor, understand and adapt Collateral Operations to emerging trends in technology, regulation and client behaviour that impact our business.
• Articulate strategy in collaboration with Business, setting strategic priorities while driving and accountable for implementation.
• Ability to quickly identify issues, risk, resolution and proactive communication.
• Build strong stakeholder relationships to discuss concerns, issues, requirements etc and provide sustainable solutions.
• Seek ways to enhance service, mitigate risk & improve efficiency.
• Continuous review of Operations to identify potential weaknesses or vulnerabilities in our systems or processes.
• MI & KPI reporting – monthly review, analysis, reporting & refinement.
• Foster and develop a high performing team

Job Description

Accountability – Collateral Management Operations

• Subject matter expert on PTS Collateral, CSA OTC Cleared, Non-Cleared, Regulatory, Initial Margin agreements, GMSLA Agreements, Valuation Statements
• Manage Collateral activities, including but not limited to margin call processing, settlements, recons, queries etc and provide direction/guidance to team members
• Demonstrate a strong Collateral understanding, front running any regulatory changes or new market practices and interpreting the impact.
• Serve as a key advisor in senior forums, offering operational insights and strategic support.
• Collaborate with senior management to advance team goals by providing essential operational knowledge and hands-on support.
• Exceptional customer service driven by proactive engagement and support.
• Support relevant regulatory reporting through one’s understanding of various legal agreements, Joint Standards etc
• Establish clear ownership & escalation for quick issue resolution & risk reduction.
• Ensure all procedures & processes are documented.
• Safeguard business continuity by carefully managing the introduction of change.
• Liase with relevant stakeholders in respect of Collateral dispute management and escalate per policy.

Accountability – Risk Management

• Maintain risk, control, regulatory and compliance adherence.
• Ensure proactive adherence to regulatory & policy frameworks.
• Ensure that processes, control requirements and risk management frameworks designed for the area are understood and followed by all team members.
• Ensure all risk events pertaining to your area are immediately escalated, thoroughly investigated, understood, and closed out with mitigating controls.
• All risk and control findings, work collaboratively with the Risk team to understand what actions are required to close out timeously.
• During scheduled audits and management assurance reviews, ensure that all information required is accurate and provided timeously.
• Develop detailed and relevant Risk and Control Assessments for the function.
• Develop, challenge & report on all elements of the business performance metrics, ensuring reflectiveness of the business performance and control environment, highlighting concerns.

Accountability - Projects & Strategy

• Articulate Collateral strategy in collaboration with Business, setting strategic priorities while driving and being accountable for implementation.
• Play a leading role in ensuring the successful delivery of projects.
• Embed a culture of process enhancement for robust scalability, efficiency, risk mitigation and outstanding customer experience.
• Clear understanding of the project value adds and benefits vs cost to implement.
• Present metrics that demonstrate productivity & efficiency improvements.
• Articulate pragmatic requirements & solutions for handing over to Change teams.

Accountability – People Management

• Build and maintain a high performing, cross skilled team.
• Foster a positive and collaborative team environment where every contribution is valued.
• Recruit, train and mentor new talent.
• Identify and address the team's learning and development needs.
• Determine which positions are critical with clear succession plans.
• Address performance issues and apply disciplinary measures where necessary.
• Drive team learning through knowledge transfer.
• Set meaningful performance objectives for your team.

Required Education & Experience

• Minimum of 10 years Investment Banking experience.
• Degree educated.
• Senior Collateral Operations management experience is advantageous.

Skills & Experience

Essential

• In-depth Collateral Operations & Initial Margin Regulations knowledge.
• Sound understanding of control & Operational risk.
• Proven track record in successfully & productively managing a very broad & changing agenda.

Competencies:

• Ability to lead and inspire a team.
• Formulating strategies and concepts.
• Excellent analytical skills & attention to detail - proven ability to manipulate & interpret information quickly & accurately to draw insightful conclusions & present findings effectively to a senior audience.
• Ability to initiate & set objectives that will engage colleagues & inspire performance.
• Excellent communication & presentation skills.
• Insight into external market developments, regulatory changes and initiatives.
• Multitasking, adapting and responding to change.

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 advertised