Jobs at 1001 Absa Bank

Specialist Product Engineer (Java and Angular)

Anywhereonsite

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 As a Full Stack Java Developer, you will apply critical thinking & problem solving skills to contribute to all phases of the development lifecycle & quickly produce well-organised, optimized, and documented source code to deliver high-performing, scalable, enterprise-grade applications. Job Description What We’re Looking For: 5+ years proven experience in fullstack development with Java and Angular Strong understanding of cloud-native architecture and containerization Ability to design and implement secure, scalable APIs Experience with enterprise messaging systems and workflow engines A collaborative mindset and agile delivery experience Tech Stack You’ll Work With: Backend: Java, Spring Boot Frontend: Angular (PrimeNG) Cloud & Containerization: AWS, Docker, Kubernetes Database: PostgreSQL Security: Keycloak Messaging: Kafka, ActiveMQ API Development: REST & SOAP Workflow Engines: Flowable, Activiti CI/CD: GitHub Actions, Jenkins Methodology: Agile Scrum DevOps • Apply critical thinking, design thinking and problem solving skills in an agile team environment to solve technical problems (Front End, Back End OR Middleware) with high quality solutions • Contribute to all phases of the development lifecycle including • Evaluate analysis, problem definition, business requirements, solution development & provide recommendations to enable the operational feasibility of solutions • Quickly produce well-organised, optimized, and documented source code to deliver technical solutions • Ensure designs & solutions support the technical organisation principles of self-service, repeatability, testability, scalability & resilience • Apply general design patterns and paradigms to deliver technical solutions • Support the development of CI / CD Pipelines (authoring & supporting CI/CD pipelines in Jenkins / similar tools and deploying to multi-site Kubernetes environments – supporting and managing your applications all the way to production) • Use & configure modern observability techniques leveraging e.g. aggregated logging via ELK stack, metrics via Prometheus / Grafana / NewRElic and tracing using Zipkin/Jaeger • Automate tasks through appropriate tools and scripting e.g. Jenkins, Docker, Ansible, Kubernetes • Debug existing source code and polish feature sets. • Work with integrated teams and other developers to improve and evolve technical products and services • Align all application development & development process to Group Architecture & Infrastructure guidelines • Provide input into project & program teams (when required) to plan & manage the development lifecycle e.g. releases, risk management, testing, integration etc. • Conduct reviews, performance monitoring & ongoing optimization and maintenance on applications • Stay ahead of the curve on emerging technologies and development practices and continuously evolve existing knowledge & skill in preparation for cross domain and other experiences e.g. Secure Side, Testing, Infrastructure solutions etc. People • Conduct peer reviews, testing, problem solving within and across the broader team • Support the people change teams in the development of user material (Customer, Employee & 3rd Party Adoption) Risk & Governance • Identify technical risks and mitigate these (pre, during & post release) • Update / Design all application documentation aligned to the organization technical standards and risk / governance frameworks • Participate in incident management & DR activity – applying critical thinking, problem solving & technical expertise to get to the bottom of major incidents Education Bachelor's Degree: Information Technology 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 Absa Group Limited (“Absa Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

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Manufacturing Sector Analyst

South Africaonsite

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 Responsible for the monitoring and analysis of economic, regulatory, technological and other relevant variables, in understanding the international and domestic Manufacturing Sector Analyst Sector. Collate the relevant data on current customer & economic trends that identify opportunities for market share growth, thereby building knowledge as an emerging subject matter expert. In addition to providing day-to-day support, the role will require assisting the manager in collation of customer insights which will, along with other insights, help establish and influence the Manufacturing Sector strategy. Job Description Accountability: Business Management Ensure a climate of collaboration between all businesses supporting Manufacturing sector (Communications, Compliance, Credit, Customer, Distribution, Finance, Fraud, IT, Marketing, MI, Pricing, Product, and Risk). Track and share the latest changes in legislation (including environmental, quality, and operational standards) impacting the sector and assist in assessing the impact thereof on the Manufacturing strategy and customers across Relationship Banking (RB). Compile monthly reports through the collation of relevant information on monthly progress and industry developments. Conduct reporting analyses to track performance against targets and budgets, informing Monthly / Quarterly reviews as well as the market share growth of RB Manufacturing sector. Provide, via reports, an analysis of the latest trends in Manufacturing in terms of sector, economic, customer, product & channel, as well as market share and growth opportunities while including geographical regions (provinces, metropolitan areas, coastal areas) where applicable. Accountability: Sector Intelligence and support to key internal stakeholders Compile research, monthly reports and newsletters analysing the key variables affecting the sector, the trends therein and the outlook for Manufacturing subsectors and the industry. Provide Manufacturing sector support to credit teams, in the form of research or feasibility assessment / deal input, as inputs into customer engagements and deals. Assist in building of generic sector financial models as well as assessment of feasibility models for deals. Support the collection and maintenance of data which will contribute to the effective delivery of, as well as in the broader planning of the RB Manufacturing sector strategy. Acts as first line of assessment of market requirements for products or services, define the potential market size to determine prioritisation of new development, and provide input for the expansion of business development and marketing plans for RB Manufacturing sector. Develop sufficient understanding of RB customers and how their needs can be met through Manufacturing sector offerings and the products or services RB have in place to help assist in this solution. Assist in the researching and qualification of value adding and innovative solutions or propositions for RB and/or Group by participating in Industry bodies, contact with customers and 3rd parties, or related external stakeholders. Prepare and present reports and presentations to stakeholders (Credit, Customer, Distribution and Product) on emerging industry or sector trends. Assist in the identification of complex business opportunities on a continuous basis by researching clients to discover and recognise potential cross-sell opportunities. Participate in relevant Knowledge Management Forums and Communities of Best Practice. Accountability: Stakeholder Relationship Facilitate appropriate Service level agreements with Business and other function support units. Provide assistance to manager in supporting all stakeholders (internal and external). Assist manager in hosting client events and panels as part of building RB Manufacturing Sectors’ brand, insights, and relationships. Education Bachelors 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 Absa Group Limited (“Absa Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

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Analyst Credit Commercial

Anywhereonsite

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 to conduct an in‐depth, specialised and quality credit assessment and risk analysis on potential and a Growth Portfolio, to enhance the decision-making process involved in determining the Bank's appetite to extend credit to these clients. Financial analysis, interpretation and capturing of client information (company financial statements) and qualitative data. Job Description Risk Management Monitor client’s performance on a continuous basis for risk indicators and perform formal reviews at specified time intervals to identify any changes in the client's business or operating environment. Monitor adherence of covenants and conditions on a continuous basis and discuss any deviations and possible concerns with Sales team and escalate to Line Management and Credit if necessary. Adhere to ARMS credit requirements as stipulated in the Absa credit policy. Monitor and report boundary events in terms of the Operational Risk Boundary. Obtain input from Product Industry Specialist, where appropriate to assist in client solutioning and credit application process. Identify the need for a meeting between high-risk clients, Credit and Business Support. Request updated valuations on properties that serve as security for facilities in line with Absa Credit policies. Manage and communicate the risks associated with outstanding securities. Pro-actively identify problematic /high-risk clients and advise Credit, accordingly, manage them with a view to provide special input and implement loss preventative measures i.e., EWL Reports. Request and manage outstanding Financial Statements as stipulated in the Absa Credit policy. Action and manage daily Odex, Referrals, REPL and REPC. Contact clients that are on the referral listing for rectification. Credit Management Explore new, improved, and alternative ways of solutioning client credit requirements. Adhere to Bank’s credit policies and procedures and ensure that they are fully complied with and that any policy breaches have been suitably addressed and mitigated. Provide bank codes and reports on clients. Pro‐actively manage credit risks associated with the portfolio of clients and their related products. Manage and drive the deal forum process to ensure quality applications are submitted to the sanctioners with sustainable credit solutions. Portfolio Financial and Operational Management Compile reviews, amendments, and new applications to the appropriate lending authorities. Issue facility letters to clients after reviews have been compiled and new facilities granted. Draft and issue letters of reminder when facilities expire according to policy requirements, for example 30-, 60- and 90-day letters. Contribute to the Non‐Interest Income by ensuring recovery of manual fees (e.g., Reviews, valuations) to avoid revenue leakages. Spread client's financials on the various Credit Risk Grading models i.e., Agri Model, RiskCalc Model and Triad. Provide the Default Grading (DG) output from the Credit Risk models. Capture all information on the various risk grading models 100% accurately by checking that all the models balance. Client Solutioning and Customer Service Identify cross sell opportunities from analysis of Client's financials, account conduct and industry change and pass on to Relationship Executive/Transactional Banker as a lead. Be part of the solution by attending sales best practice sessions with relevant stakeholders, give credit input to mitigate risk on the identified product offering or new acquisition, and monitor progress on the sales funnel, until the lead is converted into a deal. Conduct research on the industry in which the portfolio clients operate, to understand the industries overall profitability, industry trends and clients market standing relative to their competitors. Teamwork and Self Development Attend team meetings and contribute fully, including suggestions for ways of improving customer service and meeting targets. Develop supportive relationships with colleagues and create a sense of team spirit. Communicate concerns or challenges that derive from team interactions in a constructive and positive manner. Develop and maintain contacts with Specialists in other areas of Relationship Banking and the Group. Keep abreast of regulatory changes through regular training. Monitor available L&D courses to develop your own training whilst helping others in the team to develop theirs. Demonstrate the willingness and ability to perform to the very best levels to ensure personal alignment to ABSA's values and vision. Competencies: Planning and organising Working with people Writing and reporting Financial analysis Applying expertise and technology Entrepreneurial and commercial thinking Persuading and influencing Other The position is On-site and will require some physical travel to clients. Minimum Qualifications/Requirements Bachelors Degrees and Advanced Diplomas - Business, Commerce and Management Studies, Credit Risk with five years or more of relevant work experience. Strong computer skills and experience with Microsoft Office, especially Excel. Agricultural Credit Analysis experience (Advantageous) Education Bachelors 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 Absa Group Limited (“Absa Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

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Analyst Model Risk Validation

Anywhereonsite

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 role entails the validation of models (Market risk and Treasury Risk), focusing on identifying, mitigating and monitoring of key model risks. You will conduct validations on a diverse range of AGL models, mainly traded market risk models, produce validation reports, negotiate the findings & actions with internal & external stakeholders and influence the continuous improvement of model quality & use. These areas make use of a wide range of models (Regulatory Capital, Economic Capital, pricing, behavioural, application, stress-testing, valuation, derivatives, ML/AI models, etc.) and cover products used across all AGL’s business units. Opportunities to gain experience across validation teams and within the greater Model Risk team are possible and encouraged by management. Job Description Key Accountabilities End-to-End Validation of Assigned Models across AGL Obtain the required model documentation from the model developer and model owner. Ensure that the documentation is sufficiently detailed to allow a qualified independent party to replicate the model, understand its business scope and use, explain the main model assumptions and limitations, describe the tests performed by business, highlights the various stakeholders and any model monitoring approaches. Ensure that business provides IVU with a testable implementation of the model. Confirm that you can run the model and produce the model outputs outlined in the model documentation. Review the documentation and provide business with any initial concerns and identify any significant validation requirements that might delay the validation process (such as the build of challenger models). Discuss estimated timelines with business and line manager. Record the various stakeholders and model details in the Group Models Database (GMD). The model status at this point will be submitted. Assess the accuracy and appropriateness of the data used. Review the design and theoretical soundness of the model. Assess if this is applicable for the specified model scope and use. Confirm that the model was implemented according to the model documentation. Review the model monitoring results or the appropriateness of the intended monitoring approach. Assess the model against internal policies and standards as well as any regulatory requirements Identify any model limitations or shortcomings that will negatively impact the outputs of the models. Ensure that these are identified early in the validation process and discuss with business to ensure that your concerns are valid. Recommend any remedial actions to compensate for any identified model shortcomings during the validation process. Assign a level of significance to the findings. Ensure quality and timeous delivery of the scheduled validations and that validation documentation is in line with the requirements outlined in the validation standard. Submit validation report for line manager review and sign-off Arrange business meeting to discuss validation report with various stakeholders Submit validation report to Model Approver. Attend model approval committees if required and present validation findings to committee. Update the GMD model entry to ensure that the model is compliant with the BAGL GMD Standard. Obtain Model Owner sign-off. Plan periodic validations of models and ensure that you obtain the required model information well in advance. Follow up with business around annual model reviews and escalate where necessary. Management of Stakeholder Relationships Maintain a professional relationship with all stakeholders. These include, but are not limited to, Model Owners, Model Developers, Model Approvers and Audit. Effective communication of model validation findings to all stakeholders. Ensure that all concerns are communicated as early as possible and that these concerns are relevant and material. Provide sufficient and constructive challenge to proposed concepts and ideas. Development of Technical and Product Knowledge Required to proactively increase technical skills through active research and independent implementation of challenger models. Exposure to diverse range of models across different business areas. Be involved with new developments and initiatives within the bank. Actively manage soft skills development. Be involved in regular knowledge share sessions facilitated by the Model Risk Team. Provide assistance to research projects conducted by students from different universities. Programming skills in Python or C# must be honed to meet some requirements of the role. WORK EXPERIENCE & SKILL REQUIREMENTS: A minimum of 3 years of experience in market risk, model risk management, validation, and control Proven, relevant experience in markets with good knowledge of the markets, products and risk. Good quantitative level of experience with products and their risks. Experience with traded market risk models (Delta1, Vanilla Options, Exotics), curve models (OIS, SOFR, ZARONIA, Multicurve calibrations and PnL attributions), volatility models (Local vol models, Local Stochastic vol models – Dupire, Heston, SABR) Experience with derivatives pricing models/frameworks and valuation adjustments – Black Scholes, Monte-Carlo methods. Experience with Excel, Python, C# and ability to implement/code derivatives pricing models High level of accuracy and details understanding whilst able to understand the intricacies of different review levels based on the models’ complexities and materiality. Ability to work under pressure in a fast-paced and highly regulated environment. Flexibility and willingness to adapt to changing regulatory and business needs. QUALIFICATIONS: Honours degree in quantitative disciplines such as Economics, Mathematics, Actuarial Science, Statistics, or Financial Engineering PhD or MSc Finance/Financial Engineering/Mathematical Finance can be useful. Additional qualifications such as CFA, CQF and/or FRM can be useful. Education Bachelors Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (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 Absa Group Limited (“Absa Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

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Jobs at 1001 Absa Bank

Open roles

Specialist Product Engineer (Java and Angular)

Manufacturing Sector Analyst

Analyst Credit Commercial

Analyst Model Risk Validation

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