Regional Manager Retail Credit Risk- Impairments

1 week ago

Johannesburg, Gauteng, South Africa Absa Bank Limited Full time
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.
Job Summary


To oversee the ARO Retail monthly Expected Credit Loss calculations and the management of period end reporting and administration of the governance forums.

To co-ordinate, review and challenge and interlock on impairments the ARO Retail's integrated planning process (Short & Medium-Term Planning & Risk Adjusted Forecasts).


Job Description:

Impairments

  • Establish monthly ECL Estimates as per the IFRS9 standard and the Group's retail impairment policy across all ARO Retail and SME products through independent and collaborative efforts with ARO countries.
  • Ensure impairments parameters (PDs, LGDs, EADs, Discount rate, macro factors, and coverage ratios) are refreshed as per the agreed timetable.
  • Support ARO Retail Risk, Finance and Business stakeholders by communicating final impairment numbers on a monthly basis
  • Support ARO Retail Risk, Finance & Business stakeholders by resolving impairment related queries.
  • Establish an appropriate forum for the consideration of impairment management information (MI) with all subsequent actions appropriately identified, documented and implemented.
  • Plan, coordinate and prioritize projects/initiatives within specific environments and ensure regular feedback to stakeholders as well as status of projects are communicated.
  • Ensure compliance to prescribed policy by liaising with Group's policy and technical accounting.
  • Understand collection's strategies and impact on the portfolio and recommend changes where necessary by engaging respective collections teams
  • Ensure the proper governance, control and independent validation of management adjustments that are used as model over/underlays.
Reporting and MI

  • Enable analytics and a deep understanding of the portfolio that allows for prompt and complete response to queries raised by key stakeholders.
  • Manage Adhoc queries within the monthly cycle of deliverables given the monthly reporting timelines for delivery through applicable and available resources.
  • Identify MI shortfalls and drive for inclusion with the data team to enable robust and improving portfolio analytics.
  • Oversee/review the reporting function of the ARO Retail portfolios to ensure consistent and accurate data with insightful and robust commentary.
  • Engage across the ARO countries to ensure consistent reporting definitions.
Model and data Validation/ Review

  • Challenge models to be best in class
  • Identify, analyze and drive issues with modelling and implementation teams
  • Develop an understanding of data and make recommendations to resolve data integrity issues
  • Contribute to model governance process, data management and integrity. Validate performance existing IFRS9 models and recommend changes or enhance where applicable.
People Management

  • Ensure delivery of business goals by aligning Performance Development (PD) Plans of direct reports to the business goals.
  • Instill a performance development culture through directing performance development process and adhering to PD Calendar.
  • Proactively identify development gaps of direct report and assist shape development plans.
  • With assistance from HR Business Partner attract and retain talent and build succession plans
Relationships and Stakeholder Management

  • Liaise and engage with various internal Stakeholders (e.g., ARO incountry risk teams, ARO Exco, Business Exco, IT) to secure their respective support.
  • Secure support from MI, Business & Finance teams, incountry risk teams deliver accurate and robust MI and Impairments (analysis and figures).
Governance and Compliance

  • Test and audit the implementation of models, MI and processes and provide reports to governance committees to ensure that ECL estimates, and policies are compliant with the Group's policies.
  • Attend the Bank Forums to seek out and share best practices.
  • Ensure that there is compliance with all internal policies and procedures in the team and provide coaching and feedback on how to improve compliance through the continuous review of activities/strategies.
  • Ensure that all local regulatory and PA requirements are complied with through engagement with business, legal partners and incountry risk teams.
Perform all other duties as reasonably assigned

Education and Experience Required

B Hons degree in Accounting/Finance/Statistics/Risk Management or an NQF Level 7 equivalent will be advantageous

(5+) years' experience in the Banking sector which must include proven experience, preferably with international exposure and having worked in multiple locations/ countries.

(3) years' experience in managing a large portfolio.

(3) years' experience on a

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