Head Financial Resource Management (Frm)

Absa Group; Gauteng; On-site; ZAR 80 000 - 150 000; Full time

Job summary

Join a forward-thinking financial institution as the Financial Resource Management Head, where you will play a pivotal role in overseeing pricing and performance monitoring across multiple markets in Africa. This dynamic position involves developing methodologies for risk assessment, optimizing pricing strategies, and ensuring compliance with regulatory requirements. You'll collaborate closely with finance and treasury teams, manage stakeholder relationships, and lead a dedicated pricing team. Be part of an exciting growth journey that shapes the future of banking in Africa, contributing to a proudly African group's success.

Qualifications

• Expertise in developing methodologies for risk measurement.
• Strong background in financial analysis and pricing strategies.

Responsibilities

• Lead the development of management information for performance.
• Monitor capital usage and review performance against targets.

Skills

Risk Management

Financial Analysis

Pricing Strategy

Stakeholder Management

Regulatory Compliance

Education

Bachelor's Degree in Accounting

Tools

Financial Modeling Tools

Performance Monitoring Systems

Job description

Empowering Africa's tomorrow, together…one story at a time. With over 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

Reporting to the Absa Regional Operations (ARO) CFO, the Financial Resource Management (FRM) Head will be responsible for FRM in ARO, which spans 10 subsidiaries across 9 markets in Africa.

The FRM head will work closely with Finance and Treasury to assess subsidiary performance against Group hurdles at a legal entity level.

Additionally, the ARO FRM Head will oversee pricing and performance monitoring across ARO Retail and Business Bank (RBB) products and segments.

Job Description

FRM Responsibilities

1. Develop methodologies and tools for comprehensive and consistent retrospective measurement of risks and returns.
2. Lead the development of management information for back-book performance.
3. Define regulatory constraints for asset allocation, including capital allocation and unexpected loss allocation.
4. Monitor capital usage against allocations.
5. Review performance against targets such as RoRWA, RORC, and EP.
6. Present performance matters at the FRM Committee.

ARO RBB Performance Areas

1. Optimize pricing of new and existing banking products and clients.
2. Manage and lead the pricing and FRM team.
3. Measure and monitor performance against ARO RBB targets.
4. Manage stakeholder relationships within ARO RBB to ensure alignment on pricing and strategy.
5. Ensure compliance with pricing regulatory requirements.

ARO RBB Pricing

1. Implement pricing best practices, including policies, processes, and procedures.
2. Define the ARO RBB pricing strategy.
3. Lead the annual standard pricing review.
4. Perform portfolio simulations to determine optimal pricing margins.
5. Develop and maintain standard product and client pricing tools.
6. Provide business support on pricing matters.
7. Collaborate with product and segment teams on pricing strategies.
8. Manage concession frameworks, including processes, budgeting, tracking, and assessments.
9. Track pricing performance (deal, client, portfolio) against targets and strategy.
10. Identify and reduce revenue leakage.
11. Lead or contribute to internal pricing forums.
12. Conduct pricing analytics, including pre- and post-deal analysis and segmentation.
13. Determine cost and capital allocation parameters for pricing models, considering cost and capital components in addition to direct costs sourced from the business.

Education

Bachelor's Degree in Accounting or related field.

Absa Bank Limited is an equal opportunity, affirmative action employer.

In compliance with the Employment Equity Act 55 of , preference will be given to suitable candidates from designated groups to promote demographic diversity and workforce representation.

Absa Bank Limited reserves the right not to fill the position as advertised.