Senior Manager Stress Testing and Scenario Planning

Absa Group; Sandton; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading financial institution in Africa is seeking a Stress Testing and Scenario Planning Manager to oversee and enhance stress testing outcomes and frameworks. The ideal candidate will drive strategies for data architecture and stakeholder engagement while ensuring compliance with regulatory requirements. This pivotal role demands a blend of analytical skills and leadership to foster collaboration across the organization.

Qualifications

• Bachelor’s Degrees and Advanced Diplomas in Business, Commerce, and Management Studies.
• Strong data analysis and stakeholder management skills required.

Responsibilities

• Manage the group's scenario and stress testing outcomes.
• Develop best practice processes to enhance stress testing capabilities.
• Build relationships with internal and external stakeholders.
• Coordinate with economists and assess risk impacts.

Skills

Data analysis

Risk management

Stakeholder engagement

Leadership

Education

Bachelor’s Degree in Business, Commerce, or Management

Job description

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and a strong presence 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

To support the Head of Enterprise Stress Testing and Scenario Planning by managing the group’s scenario and stress testing outcomes through:

• Data, processes, execution of stress tests, and contributions to scenarios for recovery planning, resolution planning, and ICAAP.
• Developing and executing best practice processes and tools to enhance stress testing capabilities and assess vulnerabilities, focusing on valuation capabilities for resolution requirements.
• Building and maintaining relationships with internal and external stakeholders.
• Providing leadership and advice on data infrastructure, impairments, regulatory, financial, and risk metrics, and buffer setting.
• Ensuring quality forecasts across portfolios to support business needs.
• Reporting to stakeholders, including disclosures in Pillar 3 and ICAAP.

Job Description

Accountability: Data architecture, Stress Testing Strategy, Framework, and Execution

• Stay updated on developments in scenario development, stress testing, and resolution valuations, especially regulatory changes.
• Maintain the stress testing framework.
• Manage data strategies, frameworks, governance, and execution with proper oversight.
• Embed stress testing functions across all business units and risk types.
• Develop and improve strategies and frameworks to meet business needs using best practices.
• Report breaches to senior management and governing bodies.
• Manage audit requirements related to data and process integrity.
• Ensure stakeholder queries are handled efficiently.
• Maintain stress testing data architecture aligned with BCBS 239 and 450 principles.

Accountability: Scenario and Stress – Development, Execution, and Reporting

• Source macro-economic variables for planning, IFRS 9, recovery, and resolution activities.
• Coordinate with economists to ensure scenario relevance and robustness.
• Guide stakeholders in completing scenarios and regulatory stresses, ensuring governance compliance.
• Assess impacts on risk types, capital, and liquidity, and determine necessary buffers.
• Contribute to disclosures, ICAAP, ILAAP, and resolution plans, focusing on resolution valuation capabilities.

Accountability: Stakeholder and Relationship Management and Leadership

• Build strong relationships internally and externally across Africa.
• Support stakeholders in regulatory stress testing requirements.
• Communicate developments in scenario planning, stress testing, and resolution valuations.
• Lead pan-Africa working groups on stress testing execution.
• Manage suppliers to ensure performance standards are met.

Education

Bachelor’s Degrees and Advanced Diplomas in Business, Commerce, and Management Studies (Required)

Absa Bank Limited is an equal opportunity employer. In line with the Employment Equity Act 55 of 1998, preference will be given to candidates from designated groups to promote workforce diversity.

Absa Bank Limited reserves the right not to fill this position.