Absa – Investment and Trading

To apply, click on the link at the end of the posts and all the best with your applications.

Investment Wealth Manager 

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 SummaryContribute to tactical planning from an operational perspective. Implement and deliver approved operational plans. Accountable for management in terms of: people, process, applied technology, budget.

Job Description

Solutioning & Advisory: Provide ongoing support to senior advisors in driving business development and subsequently business targets through monitoring and identifying opportunities within the portfolio (cross selling and up-selling) | Client Engagement: On a regular basis engage with clients around current product requirements and future product requirements to ensure client expectations are met and ultimately value created for business and client | Risk and Control: Ensure that all risk and control requirements relating to the portfolio are met and/or implemented as required | : | : | : | : | :

EducationBachelor`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

Wealth Investment Manager

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 SummaryManage and grow a portfolio of high net worth clients, trusts, investment holding companies and businesses, servicing their local and offshore investment and fiduciary needs. Formulate tactical strategy and associated delivery plans related to single practice areas. Ensure proactive integration and operational tactical enhancement.

Job Description

Portfolio Management: Ensure appropriate management of respective portfolios that includes but not limited to client visits and engagement, portfolio performance management, reporting and executing of client requirements | Business Development: Agree financial targets/new business targets and set out tactical plans to achieve this on an annual basis | Risk Management: Ensure that portfolio meets the required risk management standards | People Management: Coach, mentor and manage team members toward driving business objectives and ensuring colleague development (where applicable) | : | : | : | :

EducationBachelor`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

Wealth Investment Manager – Sandton

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 SummaryManage and grow a portfolio of high-net-worth clients, trusts, investment holding companies and businesses, servicing their local and offshore investment and fiduciary needs. Formulate plans for client acquisition, including collaboration with internal stakeholders and external lead providers. Operate as part of a multi-disciplinary team to deliver holistic client solutions to meet clients’ investment, advisory, banking and lending requirements.

Job Description

• Portfolio Management: Ensure client portfolios are managed in accordance with the recorded mandate and aligned with the strategic asset allocation guidelines, conducting regular client reviews and delivering on client objectives.  Client facing role requiring proactive client engagement, portfolio performance management, reporting and executing of client requirements.  

• Business Development: Client acquisition centered activity to meet both financial targets and new business targets on an annual basis.  Develop strategies appropriate to grow the portfolio of assets under management, aimed at the growth of annuity income, up-front fees and advisory income.  

• Risk Management: Ensure that portfolio meets the required risk management standards, according to compliance guidelines and the in accordance with the established advisory processes and procedures.  

• People Management: Coach, mentor and manage administrative support staff towards driving business objectives and ensuring colleague development (where applicable). 

EducationBachelor`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

Administrator Investment 

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 SummaryTo provide specialist advise & support in the collection & analysis of investment information that enables decision making & provide a sound basis for recommendation formulation, through the execution of predefined objectives as per agreed SOPs.

Job Description

Key Accountabilities:

• Download and organize financial reports and correspondence from Funds, managers, delivered to the team email account
• Maintain and organize client contact information in CRM
• Maintain storage and organization of client documents
• Undertake general administration duties including arranging meetings on behalf of the team and booking meeting rooms
• Review specific types of investment recommendations and determine the most appropriate action
• Enhance and build strong and long lasting relationships with beneficiaries/clients in relation to the transaction types providing excellent customer service
• Work is prepared and completed in line with the procedures, deadlines and policies in place
• Complete Investment subscriptions, redemptions and switches within and between fund managers and managed accounts including foreign exchange
• Actively manage the integrity of the data by implementing data scrubbing and consolidation procedures
• Assisting with the day-to-day queries from Front Office, escalating issues to relevant internal parties when necessary managing expectations to ensure any problems are addressed and solutions agreed
• Assist in developing controls and procedures and promote innovative methods/system approaches to meet business needs

Role / Person Specification

• 2 – 3 years of experience in a similar environment at junior specialist level
• Advanced Diploma or Bachelor’s degree (Finance major)

EducationHigher 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

Junior Trader ZAR Secondary and NonZAR Money Market

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–
The purpose of the role is raising funding from various sources to ensure bank sufficiently funded. Manage Liquidity and Interest rate risk in the funding pools. Making appropriate Funding and Investment Decisions to optimise revenue for the firm within market risk and liquidity risk parameters. Monitor risk reporting and affirmation of daily profit and loss. Continues interaction with all treasury pillars to enhance regulatory positions with minimal cost. Good communication skills in order to maintain and grow client relations. Expected to have robust dialogue with dealer community, leveraging market colour, opinions and liquidity. Create a liquid Secondary Market in ABSA Paper, Treasury Bills and other tradable paper. Quoting internal and external stakeholders and being a market maker.

Job Description

Accountabilities:

• Manage investment portfolio for global securitized market unit, including making investment decisions, monitoring risk and reconciling profit and loss on day-to-day basis.
• Daily operational requirements of deal capturing, client interaction and service, follow up of queries, quoting prices, managing maturities of funding, buybacks and re-structures of funding.
• Assist in building financial models to optimize pricing of funding and valuation of MM instruments.
• Real-time analysis of market rates and timeous updating of rates on Reuters, Bloomberg, Front based on banks liquidity needs. 
• Submission of benchmark contributions like JIBAR, SABOR etc.
• Using interest rate products to hedge funding and investment activity where required and general risk and liquidity management of the book.
• Execute trades with internal and external counterparties.
• Trade an array of instruments: Vanilla MM products and other relevant funding and hedging products (includes not limited to NCD’s, FRN’s, Loans and Depo’s, Treasury Bills, SARB Debentures, Swaps, Fras etc)
• Anticipate market developments and identify trade opportunities with risk-adjusted superior returns.
• Intra day cash management and effective management of banks surplus cash positions
• Track fundamental analysis and its impact on FX and interest rate markets
• Be familiar with published economic data and the impact on the interest rate market.
• Inter team interaction with Group Treasury and other Absa Capital Trading desks daily.
• Understanding and sensitivity to Intraday Liquidity position and risks, Wholesale Funding Targets, Economic Funding Model.
• Team Dynamics – Team Player — Money Market Trading team through driving core values of innovation, being dynamic and motivated. Good communication skills are a key requirement of the role

Accountability: Stakeholders

• Engage with and maintain good relationships with key stakeholders, Regulators, internal Group Treasury and clients.
• Team Dynamics – Team Player — Money Market Trading team through driving core values of innovation, being dynamic and motivated. Good communication skills are a key requirement of the role
• Play a positive role in Corporate Citizenship

Accountability: Regulatory

• Adhere to all Absa Compliance requirements, regulatory frameworks and policies.
• Knowledge of regulatory impacts i.e. Basel 3, LCR, NSFR etc. Optimize positioning to adhere to requirements while enhancing return for the firm

Accountability: Revenue and Risk

• Using interest rate products to hedge funding and investment activity where required and general risk and liquidity management of the book.
• Overlay derivative strategies on the book to enhance revenue generation and risk positioning of the banking books to protect revenue is crucial.
• Good and quick decision making skills in this dynamic and ever evolving volatile market environment.
• Using FX products (Cross Currency swaps, Int rates swaps, FX spot) to hedge funding and investment activity where required and general risk and liquidity management of the book.
• Continuous monitoring of opportunities in the FX basis market. Prompt decision and execution within risk limits

Education and Experience Required

• Bachelor’s degree in Business, Economics, Finance or Quantitative field
•  3+ year’s experience in fixed-income trading, structuring, Money Market or other Front Office or Middle Office Markets environment.
• Rates experience trading and/or sales preferred

EducationBachelor`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

Executive: Stockbroking and Portfolio Management (SPM)

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• Accountable for formulating and executing Stockbroking and Portfolio Manager (SPM) business strategy and driving sustainable growth through inspirational leadership. Responsible for client acquisition, retention, share of wallet optimisation, driving growth in market share, enterprise development.
• Accountable for developing and exploiting business opportunities to optimize business profitability and customer satisfaction for the Advice and Investments (A&I) business.
• Work with relevant partners in and outside the bank who form part of the value chain of the business. This includes CIB.

Job Description

Formulate and execute business strategy for the BU

• Formulate and execute SPM strategy into specific performance objectives in line with Advice and Investments and Relationship Bank strategy.
• Assume ownership (sponsorship) on behalf of SPM for the execution and delivery of assigned strategic objectives defined as part of the BU strategy
• Drive the translation and execution of the BU strategy through PD objectives by contracting deliverables with the team, ensuring the top down filtering of these objectives
• Accountable for achieving consistent and profitable revenue growth with the implementation of the strategic objectives
• Ensure that approval and buy-in is obtained for the overall approach prior to execution by means of presentations and personal interactions to ensure effective change management
• Manage the implementation of the BU plans in order to determine the return on investment (ROI) of the strategy and objectives by stringent analysis of the sales and business performance of the BU
• Contribute to the development of the budget (Short-term Plan), 18-month forecast (MTP) and RAF (Revised Annual Forecast) by providing input on the business plan and conducting sensibility checks on the financials
• Facilitate the formulation and management of BU operational plans via planning sessions with stakeholders including banking and product partners.
• Represent the BU at the Advice and Investments Exco to provide feedback on BU performance and future strategies to increase sales drive.
• Monitor and address BU performance by reviewing relevant MI and removing barriers to achieve targets.
• Review capacity and growth of deployed resources in order to identify where resources should be reallocated, developing a short-, medium- and long-term deployment plan for the province to ensure sustainability of the business
• Serve as the Key Risk owner for BU ensuring the:
• – Identification, reporting and management of risks emerging within the business
• – Management of remediation actions to address business risks
• – Representation on the ERC and other risk-based forums
• – Engagement with the risk community to monitor and address focus areas as they emerge

Business Performance

• Compile, co-ordinate and take overall responsibility of Stockbrokers’ financial budgeting, financial and control and reporting
• Develop and maintain Stockbrokers’ financial plan and budget portfolio, incorporating the Advice and Investments business strategy.
• Distribute and manage the allocation of budget to the various teams (Cost centres) with associated financial control.
• Monitor that financial targets and plans are communicated, monitored, and ultimately met ensuring that a monthly report is generate and communicate to relevant stakeholders.
• Monitor that financial targets and plans are communicated, monitored and ultimately met by ensuring that a monthly report is generated and communicated to relevant stakeholders.
• Identify and manage cost drivers in order to improve cost-to-income ratios.
• Manage the compilation and delivery of timely & accurate financial information in terms of monthly variance, quarterly reports and adhoc requests.
• Facilitate that accurate and timeous delivery of annual financial statements is done as per the required standards

Compliance and Risk management

• Monitor all business risk activities (including business assurance and operational risk management) within the operating environment through obtaining feedback and providing guidance for tactical plans to ensure compliance to Group standards.
• Provide guidance and ensure alignment between Operational Risk, Compliance and Legal.
• Evaluate deteriorating risk metrics on an ongoing basis in order to provide support & guidance on corrective measures.
• Review open and overdue audit and management assurance action items and agree with the respective business resources to take ownership for closure and issue assurance for selected findings
• Actively review the Detailed Risk and Control Assessments (DRACA’s) that have been
• Monitor all business risk activities (including business assurance and operational risk management) within the operating environment through obtaining feedback and providing guidance for tactical plans to ensure compliance to Group standards.
• Ensure that the Wealth Management Manco and staff have sufficient and up-to-date information.
• Promote a culture that reflects the organisation’s values, encourages performance and rewards delivery.
• Develop future leadership within the organisation.
• Promotes talent attraction and retention throughout the organisation.
• Grow business leaders in the function through mentoring activities to build a pipeline of future senior leaders in the Group.
• Perform all other duties as reasonably assigned.

Customer Retention

• Engage regularly with the customer experience capability to gain insights and understanding into service-related issues, trends, performance and resulting actions.
• Work with managers to resolve all escalations of client queries and/or complaints within the agreed turnaround times
• Facilitate collaboration between managers to share information on common gaps and quality issues in service delivery.
• Monitor volumes and nature of complaints/queries received to ensure that customer service standards are upheld at a high level.
• Work with managers to develop corrective actions for recurring issues and request in-depth investigations take place
• Liaise closely with the product support teams to monitor turnaround times, support agreements, issue management and performance overview in accordance with agreed service level agreements and product interlocks.

Education and Experience Required

Qualifications Required (Essential):

• B Degree (Hons) in Finance, Investments, Commerce, Accounting or other relevant
• SAIS Membership is required (Stockbroker exam and experience)
• Johannesburg Stock Exchange (JSE) Members Exam

Qualifications Required (Preferred):

• Postgraduate/CFA would be advantageous.

Experience Required:

Essential:

• Demonstrate an in-depth and up-to-date understanding of the issues facing the industry.
• Demonstrate understanding of banking and investment products.
• Evidence knowledge of propositions provided to our client base as well as competitors.
• Demonstrating understanding of business disciplines such as sales, marketing, finance, operations, people management and technology.
• Demonstrate experience in management, project management and cultural change, economic, commercial and customer trend awareness.
• 5 years’ experience in the Financial sector which must include proven experience
• 5 years’ experience in managing a Stockbroking environment
• 5 years’ experience on a senior management level in a large corporate

Knowledge & Skills:

• Leadership Skills
• Analytical Skills
• Stakeholder Management Skills
• Matrix Management Skills
• Financial Management and reporting Skills
• Organisation and business design skills

Competencies:

• Entrepreneurial and commercial thinking
• Adapting and responding to change
• Coping with pressures and setbacks
• Formulating strategies and concepts
• Deciding and initiating action
• Delivering results and meeting customer expectations
• Leading and supervising
• Working with people

EducationBachelor`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

Click here to apply

All the best with your applications.