Head Financial Resource Management (FRM) needed at Absa Group Limited

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.

Job Description

FRM

• Develop 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 Pricing

• Implement 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: Accounting