• Job Description

  Req#: R-15950595

  Bring your possibility to life! Define your career with us

  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.

  My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

  Job Summary

  • To research, analyse and interpret, for the purpose of supporting the crafting of business strategies:
  o the operating environment (economic, political, legal and regulatory landscapes)
  o market trends (segments profiling, sizing and potential)
  o the competitive landscape (strategies, models, propositions, activities)
  o and consumer needs, expectations and behaviours
  • To provide support to the Business and Strategy Manager in leading and influencing the formulation and monitoring the delivery of strategic projects and initiatives across all aspects of the bank’s activities
  • To identify and make recommendations to the bank with regards to new business opportunities for the organisation.
  • To proactively provide internal stakeholders with the relevant support as part of the strategy management process

  Job Description

  Economic Analysis, M arket Intelligence & Competitive Analysis

  • Support the Business and Strategy Manager to uncover new business opportunities and/or issues which might impact business strategies and financial performance, and provide timely intelligence with a view to inform decision making by:
    • keeping abreast of the macro-economic, political and legal and regulatory environments and monitor and analyse changes, trends and developments
    • continuously monitoring the local and international financial and banking sectors, identifying and assessing business and consumer trends
    • keeping track of competitor activities, analysing financial statements and performing competitive benchmarking and analysis
  • Support the Business and Strategy Manager to develop economic and financial forecasts, assess the impact of economic developments, and develop recommendations to guide decision-making
  • Assist the Business and Strategy Manager to build a network with economic expects, i.e. economists, other banks, independent economists, etc.

  Strategy Development, Execution and Monitoring

  • Provide economic, market and competitive insights and analysis which will help guide the business in taking strategic decisions
  • Assist the Business and Strategy Manager to manage the strategy development and planning process
  • Conduct analysis of industry, financial and competitor data to help formulate the business strategy detailing business opportunities and scenarios
  • Proactively identify key drivers of business growth and formulate strategies aimed at further growing the business organically and/or inorganically
  • Work with business heads and finance teams in the preparation of Short and Medium Term Plans (STP/MTP)
  • Provide value adding feedback in respect of performance measures and objectives and support the development and implementation of robust scorecards for measuring business performance – financial and non-financial
  • Complete data and feasibility analysis to support commercial strategic decisions
  • Partner with the business to provide ongoing advice in the implementation of business strategy
  • Develop and implement strategic performance management tools to track the performance and impact of key strategic initiatives
  • Develop a robust tracking mechanism to monitor strategy execution for the different business lines, flag any key strategy execution risks and recommend mitigating actions
  • Conduct performance analysis and prepare monthly performance reports with the support of the Finance department, assessing and highlighting improvements/deteriorations in performance, and ensure regular and timely cascading to all relevant stakeholders
  • Present findings to senior management in a coherent and compelling manner, via presentations, written reports, supporting tables, graphics and appendices

  Preferred Experience

  • A completed Bachelor’s degree, in Economics, Accounting, Finance, Banking or other Business-related field, with a strong academic record from a recognised academic institution
  • A Master’s degree in Economics, Accounting, Finance, Banking or other Business-related field from a recognised academic institution would be an advantage
  • A minimum 3-5 years of relevance experience

  Experience & Skills

  • Proven experience in developing evidence-based strategy through analysis, and communicating strategy to a wide range of audiences, including senior executives
  • Proven experience in financial analysis and project management
  • Strong analytical and problem-solving skills
  • Strong report writing, verbal communication, facilitation and presentation skills
  • A comprehensive understanding of the banking and financial services sector
  • Deep understanding of the macroeconomic, political, legal and regulatory environments, and potential impact thereof on the bank’s strategies, activities and performance

  Behavioural Competencies

  • Strategic thinker with good business acumen
  • Good team player willing to contribute to the team’s work and culture, supporting colleagues and playing a vocal part in team meetings
  • Engaging and persuasive with excellent interpersonal and relationship-building skills
  • Credible presence and strong ability to communicate with senior leaders
  • Able to dynamically manage concurrent demands within short time frames in a fast-paced environment

  Education

  Higher Diplomas: Business, Commerce and Management Studies (Required)

• About the company

  Absa Group Limited, and originally Amalgamated Banks of South Africa, is a South African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, as well a...

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