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Absa Bank
Absa Bank Tanzania – Risk Role (Treasury & Markets)
About Absa
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With over 100 years of rich history, Absa is strongly positioned as a local bank with regional and international expertise. A career with Absa offers the opportunity to be part of an exciting growth journey—to reset the future and shape destiny as a proudly African group.
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Job Summary
Ensure all activities and duties are carried out in full compliance with:
- Regulatory requirements (home and host)
- Enterprise Wide Risk Management Framework
- Internal Absa Bank Tanzania Markets and Treasury Risk Policies, Frameworks, and Standards
The role requires understanding and managing risks and risk events (incidents) within the CIB Business and Treasury Function.
Job Description
Main Accountabilities
1. Risk Management (60%)
- Lead (where required) development and maintenance of country-specific:
- Liquidity Risk Frameworks
- Capital Risk Frameworks
- Market Risk Frameworks and Policies
- Assist Treasury in Liquidity Standards development.
- Review and recommend improvements to Liquidity, Capital, and Market Risk Standards and related documents to:
- Treasury Risk KRO
- In-country CRO
- Treasury Management
(Provide innovative solutions where possible.)
- Provide updates to regulators and respond to inquiries regarding capital, liquidity, and market risk functions following governance protocols.
- Maintain detailed awareness of Treasury and Market Risk issues and changes across business areas.
- Provide assurance on compliance with Capital, Liquidity, and Market Risk Frameworks to:
- In-country CRO
- AGL Treasury Risk
- Market Risk KRO
and offer value-adding recommendations.
- Review and recommend limit changes/new metrics to CRO and AGL KROs.
- Advise in-country Treasury and Global Markets teams on local regulatory requirements.
- Report and monitor market risk exposures against predefined limits daily.
- Review Treasury and Market Risk policies, standards, and frameworks to ensure governance approvals, including Board approval where required.
- Investigate Market Risk PV and reconciliation completeness; resolve exceptions daily.
- Investigate and resolve market risk back-testing exceptions daily.
- Review and sign off on daily risk metrics (where required).
- Build understanding of capital requirements and drivers to support trading/hedging decisions.
- Participate in:
- New product/business developments
- Significant change processes
- Complex trade reviews
by performing risk assessments and stress testing.
- Review and challenge Treasury attestations including stress testing and risk appetite.
- Support implementation of frameworks and policies within Treasury and Global Markets teams.
2. Other Risk Support & Relationship Management (30%)
- Represent the Risk team in meetings/calls with:
- Centre Risk colleagues
- Internal and external auditors
- Provide technical support to Treasury and Markets teams as required.
- Provide expertise on Capital and Liquidity Risk for key Group initiatives.
- Liaise with key stakeholders including AGL Treasurers (VP/D level) and other functions.
- Build and maintain a strong internal network across Risk and business units.
- Understand client/customer impact of conformance team activities.
- Proactively take on additional tasks as requested by the CRO.
- Support colleagues in protecting the Bank’s reputation.
- Adhere to Absa Bank policies and standards applicable to the role.
- Understand and manage risks and incidents in alignment with Absa Bank Tanzania Risk and Control Framework.
- Complete all mandatory training.
- Drive Risk Data Aggregation and Risk Reporting (RDARR) responsibilities as Data Steward.
- Attend Data Working Group meetings and conduct RDARR reviews and self-assessments.
Risk and Controls Objectives
- Ensure full compliance with regulatory requirements, Absa Operational Risk Framework, and internal policies.
- Manage risk and controls effectively by embedding a positive risk culture.
- Understand own role in end-to-end processes, including associated risks and controls.
- Demonstrate sound judgment and responsible risk management.
- Report all risk events/incidents using defined processes.
- Identify control improvement opportunities proactively.
- Engage continuously and proactively with regulatory bodies and unions (where applicable).
- Complete all mandatory training on time.
Education and Experience Required
- Minimum Bachelor’s degree in:
- Statistics
- Mathematics
- Risk Management
- Econometrics
- Economics
- Accounting
- At least 3 years of Risk and/or Treasury-related experience.
- Practical risk management experience in Treasury (preferred).
- Good understanding of:
- Bank products and inherent risks
- Current and future regulatory environment
- Translating regulatory requirements into risk frameworks and business requirements
- Participation in risk assessments and stress testing for new products and complex trades.
Knowledge & Skills (Maximum 6)
- Excellent negotiation skills and ability to present to senior stakeholders.
- Ability to manage relationships across all staff levels and align recommendations with senior management.
- Strong understanding of macro-economics.
- Strong understanding of reputational risk and its impact.
- Good understanding of operational and compliance risks.
Core Competencies (Maximum 8)
- Strong analytical mindset.
- Excellent interpersonal, persuasion, and communication skills (written and oral).
- Deciding and initiating action.
- Learning and researching.
- Entrepreneurial and commercial thinking.
- Relating and networking.
- Adapting and responding to change.
- Creating and innovating.
Absa Values
Absa’s Values and Behaviours guide all employees and form the basis of performance assessment:
- Trust
- Resourceful
- Stewardship
- Inclusive
- Courage
Minimum Education Requirement
Higher Diploma: Business, Commerce and Management Studies (Required)
How to Apply:
To submit your application, please follow the link provided below.
To apply for this job please visit absa.wd3.myworkdayjobs.com.