Specialist: Pricing

Specialist: Pricing at Absa Bank Limited

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

• Assist with developing the pricing application . Ensure the deals priced are in line with the overall risk adjusted return objectives of the business. Assist
with the development and continually build out of the Oberon pricing application including quantitative
advice and support.
Review and assist with back book optimization and alignment to the overall risk adjusted returns.
Support the development of structuring activities: including work outs, fund activities and SRT
(synthetic/significant risk transfer) – to achieve optimal risk adjusted returns for the business and clients.

Job Description

• Play a key role in supporting the pricing function initiatives.
• The focus is to: o To provide advice & support in the development & implementation of pricing activities; enabling the provision of new products and investment portfolio pricing structures.
• Support in the pricing and structuring of loans across SA BB o Help with the management of pricing inputs in to determining pricing levels
• Data BI to support decision making in the business areas supporting using data for pricing insights o Support the development of models that aid the portfolio management function o Support the facilitation of the optimization of value-aligned performance measures (risk adjusted return measures e.g.
• Return on Risk Weighted Assets, Return on Economic Capital) based on the plans for the clusters.
• Analyze the impact of upcoming regulation that has the potential to impact the availability of financial resources from a pricing and portfolio perspective.

Portfolio Management and Structuring

• Obtain and monitor the risk-adjusted performance metrics and financial resource usage for each relevant business unit area .
• Assist with the optimization activity within those areas.
• Provide insights into the Strategic Portfolio Management Committee and related forums. Includes research into economic activity linked to the portfolio.
• Run analytics using available tools such as, but not limited to, Python and/or Power BI to enhance analysis and preparation of pricing and portfolio insights
• Assist with the structuring activity across the business units o Interrogate historic portfolio performance metrics
• Optimise (new) capital structures with regard risk weighting outcomes and/or real-world pricing and rating agency trenching

Stakeholder management

• Establish and manage relationships both internally and externally Knowledge and skills
• Ability to build sound relationships with stakeholders
• Priorities the output of the team/self, ensuring delivery within deadlines.
• Ability to work well under pressure.
• Ability to absorb large volumes of information and identify the critical parts.
• Understanding complexity and cross-functional work.
• Very strong analytical and quantitative ability.
• Identifies and builds on financial resource efficiency opportunities.
• Have a good understanding and is up to date with relevant market and economic activity
• Strong financial modelling abilities and data analytics. • Knowledge of banking products and related financial issues.
• Review and challenge existing / developing financial / statistical models.
• Ability to promote team spirit and culture.

Qualifications and Experience

• Minimum qualification – Quantitative or finance degrees e.g. Applied Mathematics, Actuarial Science, Econometrics.
• Preferred qualification – Honors, Masters, CFA/FRM/CA(SA) or studying towards these qualifications.
• Preferred experience – Two to three years of experience in quantitative, financial modelling, quantitative regulatory and/or financial analysis.

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