Financial Risk Analyst: Stress Testing & Scenario Planning - AVP

Job Summary

To understand and apply the Enterprise Risk Management Framework, Enterprise Stress Testing Framework and Risk Appetite Framework. Understand and run scenario planning and stress testing with a specific focus on its impact on the financial budget and strategy of the Bank, using the available tools/models. To monitor the emerging risks and opportunities / macroeconomic indicators against risk appetite, understand its impact on the risk measures as well as the Bank’s balance sheet and income statement.

• Participation in the review, challenge and oversight for the Enterprise Stress Testing Framework.
• Perform and co-ordinate the review, challenge and oversight of stress testing and scenario planning results across the Group.
• Identify the external macroeconomic indicators that most materially impact the bank and monitor them against long-term trends.
• Generate early warning indicators and identify thresholds for escalation.
• Facilitate stress testing and scenario planning exercises by assessing the impact of the portfolios based on macroeconomic scenarios as well as events and evaluating the impact of the scenarios on the balance sheet, income statement, liquidity and capital parameters.
• Quantify the impact of macroeconomic factors on the risk measures as well as the financial statements of the Bank.
• Assist in calculating and review risk appetite setting for the preparation of the Group's risk appetite setting process as needed.
• Assist in monitoring the Bank’s budget and actual performance against it, as well as early warning indicators and report thereon.
• Continuously review and evaluate the bank’s portfolio and identify balance sheet optimization benefits that could strategically improve the banks management of financial resources or risks that changing through exposure / portfolio composition.
• Keeping abreast and understanding the applicable regulatory requirements that may impact the risk management processes.
• Perform sensitivity analysis exercises, including comparisons of outcomes using different measuring tools.
• Create comparisons and summaries of different models that are / could be considered for use.
• Perform benchmarking activities e.g. peer comparisons.
• Undertake research on topics that inform any of the above activities.

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