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
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 in 9 markets across Africa.

The FRM head will work closely with Finance and Treasury and be responsible to assess subsidiary performance against Group hurdles at a legal entity level. The ARO FRM Head will also be responsible for pricing and performance monitoring across ARO Retail and Business Bank (RBB) products and segments.

FRMDevelop methodologies and tools to enable complete and consistent retrospective measurement of risks and returns Lead development of management information for back-book performance Define regulatory constraints for asset allocation (Capital allocation-unexpected loss allocation) Monitor capital usage against allocation Review performance against target (RoRWA, RORC, EP) Present on performance matters at the FRM Committee

ARO RBB Performance areas:Optimising pricing of new and existing business (re-pricing) banking products and clients Manage and lead the pricing and FRM team Measure and monitor performance against ARO RBB targets Stakeholder management within ARO RBB, ensuring alignment on Pricing and strategy Ensure adherence to pricing regulatory requirements

ARO RBB PricingImplement pricing best practice, including policies, process and procedures Define ARO RBB pricing strategy Lead standard pricing annual pricing review Perform portfolio simulations to determine optimal pricing margins Develop and maintain Standard Product and Client Pricing tools Provide business support on pricing matters Collaborate with Product and Segment teams on pricing matters Concession management framework including processes, budgeting, tracking and assessments Pricing performance tracking (deal, client, portfolio) against targets and with respect to strategy Revenue leakage identification and reduction Contribute into or lead internal pricing forums Pricing analytics (Pre- and Post deal), segmentations Cost and capital allocation parameters for pricing models, for cost and capital components in addition to direct costing sourced from business

Education
Bachelor's Degree: AccountingAbsa 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