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 (PTS) is currently looking for a Collateral & Client Valuations Analyst, to perform operational functions of the Collateral & Client valuation business and ensure compliance with Equities regulation, Exchange control rules, bank policies and other related directives.

Have a solid understanding of the margining process for Cleared and Non Cleared Derivative IM & VM margins under CSA , CSA IM & GMRA as well as SBL margining under GMSLA.

To provide support on all Collateral Management activities and processes in relation to the following:

Ensure margin calls are processed timeously Query Resolution Trioptima recons - report and resolve all material portfolio reconciliation breaks IMEM recons - report and resolve all material portfolio reconciliation breaks Ensure all applicable reconciliations are completed timeously Ensure all applicable reports are distributed timeously Engage internal and external Absa clients Ensure material breaks are escalated Keep abreast of emerging regulations that are impacting Collateral activities Take accountability and be visible to stakeholders on issue resolution, by providing proactive solutions. Identify new opportunities to enhance delivery, reduce risk & operating expenses while improving efficiency. MI & KPI reporting - monthly review, analysis & refinement, with the assistance of senior management


Key Accountabilities
Accountability: Collateral & Client Valuation 0perationsEnsure that all client valuations are successfully issued on a daily and monthly basis Ensure margin calls are processed timeously for OTC CSA, OTC IM, GMRA, GMSLA agreements Compile, distribute and resolve queries on collateral recons Compile, distribute and resolve queries on collateral reports Monitor automated client valuation exception queue Assist with the automation of existing manual client valuation Extract the daily Trioptima mtm difference reports and investigate all differences over the threshold (older than 3 days , USD 1M; EUR 1M & ZAR 15M) Investigate and respond to all emails from Counterparties on MTM /Entity breaks Build a good working relationship with FO, MO , Credit Risk, Market Risk & Client Static Ensure the procedure manual is updated with changes regularly Ensure all queries are responded to timeously Ensure all Items at Risk or aged items are escalated to Senior Management for resolution


Accountability: People ManagementWork with managers in the team to achieve excellent business results through continuous people development

Accountability: Change ManagementIntroduce, deploy and manage best practice procedural methodology and adherence relative to providing superior client service offerings Manage procedural change within the context of working with all representative stakeholders in terms of employee resource requirements


Accountability: Risk ManagementEnsure that processes, control requirements and risk management frameworks that impact the area are understood Work with the Risk & Control Team during the scoping of audits to ensure fair coverage Agree corrective action items with Internal Audit Complete required compliance and attestations Ensure and understand all compliance and risk requirements and identify gaps Ensure that all regulatory requirements are adhered to.

Education and Experience RequiredB-Degree in a business-related field or equivalent NQF level 6 qualification 5 Years' Experience in CSA, GMRA & GMSLA margining, in a Banking Environment

Knowledge & Skills: (Maximum of 5)Knowledge and experience in Acadia, Front Arena (preferable) Trioptima & IMEM Logical thinker and good problem-solving skills


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