Manager Risk Measurement

2 weeks 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 provide complex specialist advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist risk product expertise.


Job Description:

Impairment and Capital Portfolio Analytics

  • Review of collections performance, systems impacts and key metrics
  • Drive the understanding and monitoring of monthly movements in the balance sheet and income statement provisions
  • Ensure portfolio is within acceptable provision adequacy levels, including income statement and balance sheet provisions.
  • Play a critical role in portfolio monitoring, management and reporting
  • Analyze and report on any underlying reasons for changes and shifts on the portfolio
Strategic value adding Projects

  • Use understanding of regulatory frameworks to inform business strategy and decisions
  • Drive retail projects where issues span across products
  • Initiative portfolio analytics to aid strategic business decision making
  • Provide indepth data analysis, trends, reporting to provide meaningful insights to be used in daytoday decisionmaking processes
Forecasting

  • Perform regular forecasting for impairments and capital including intramonth forecasting as well as RAF, STP and MTP forecasting
  • Actively take part in Stress Testing exercise by reviewing and challenging model outputs.
Model and data Validation/ Review

  • Challenge models to be best in class.
  • Identify, analyze and drive issues with modeling 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 of the existing IFRS9 models and recommend changes or enhancements where applicable
Stakeholder Management

  • Initiate engagements with various stakeholders for a review of collections metrics, portfolio performance and forecasting
  • Constantly challenge established thinking and facilitate improvements in systems and processes
  • Key partner in risk appetite and stress testing output
  • Report on material issues in the portfolio to senior stakeholders
  • Adhoc project work for various stakeholders as required
Governance

  • Ensure that policy and governance is maintained across products
  • Ensure external audit requirements are met
Team

  • Develop Team members in line with their career objectives
  • Develop extended team through knowledge sharing and other means
Key Competencies

  • Sound judgement and decisionmaking skills
  • Ability to translate complex data outputs into clear and understandable insights for use by business users as well to provide guidance to team members
  • Writing and reporting
- analyzing and interpreting

  • Team player and team orientated
  • Excellent planning, organising and executing skills
Knowledge and experience

  • Experience and working knowledge of PD, EAD, LGD, ECL models
  • Vast knowledge of default models
  • Knowledge and understanding of portfolio credit risk monitoring, valuation and management
  • Relating and networking
  • Persuading and influencing
  • Presenting and communicating information
  • 3 to 5 years working experience in credit risk environment or a similar role in financial services
  • SAS experience will be an advantage
Qualification

Tertiary qualifications in Actuarial Sciences, Finance, Mathematics, Econometrics, Engineering, Statistics (Masters and Honors degree will be an advantage)

Education

Bachelor's Degrees and Advanced Diplomas:
Risk Management and Financial Risk Management (required)

  • Absa Bank Limited reserves the right not to make an appointment to the post as advertised_


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