Senior Manager: Credit Portfolio Management

7 days ago

Sandton, South Africa Absa Group Full time
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 the Senior Manager: Credit Portfolio Management, the incumbent will be responsible for managing credit risk in Relationship Banking through key activities such as optimising capital demand and strategic credit risk management to meet risk-return objectives, setting risk appetite for key risk metrics, forecasting and stress testing of portfolio risk, and setting up a formal monitoring process for the management of credit portfolio risk.

This role encompasses offering innovative leadership and strategic expertise to guide and optimise the management of key risk metrics with the purpose of ensuring the business meets its risk-return objectives, with specific emphasis on impairments, Risk Weighted Assets (RWA), Economic Capital (EC), Earnings at Risk (EaR), Earnings Volatility (EVOL), Return on Regulatory Capital (RoRC) and Return on Economic Capital (RoRC).

In this capacity, the incumbent will take ownership of the ongoing development and enhancement of the credit portfolio management landscape, while adhering strictly to both internal and external regulations and policies. The individual will collaborate closely with key stakeholders to identify opportunities to enhance credit risk strategies and offer strategic insight regarding the evolution of the risk environment and its potential implications.

Furthermore, the incumbent will act as a credit risk subject matter expert within Relationship Banking and serve as the business unit's representative in risk-related Group discussions and forums, where appropriate.

Job Description

Accountability: RWA, EC and EaR optimization and precision within RB

  • Ensure that RB product/business segments are being diligent, consistent and have the right momentum in delivering on the use of their appetite / capital allocation / targets and ensuring pricing models are appropriately designed and consider all key drivers to adequately account for credit risk.
  • Embedment of RWA, EC, and EaR as key risk drivers within RB Credit. Communicate results and recommendations from analysis undertaken to other areas of the organization, tailoring the interpretation to the audience and using appropriate presentation technology and templates.
  • Evaluate and explain the appropriateness of capital utilization and manage the actions required to deliver optimization and precision efforts.
  • Designing and establishing frameworks for earnings volatility and concentration risk management in RB in collaboration with business segments as it pertains to single obligors, sectors, and other tactical/cyclical concentration risk drivers, and monitor concentration risk against set limits and thresholds, through understanding credit correlations and sensitivities in RB's and the Group's portfolio.
  • Support economic capital model developments and refinements and assess asset correlations in close collaboration with Group Credit Risk.

Accountability: Risk Appetite, Stress Testing and Integrated Planning

  • Support the setting of RB's risk appetite for RWA, Economic Capital and Earnings at Risk, and the development of any new risk appetite metrics and statements where required. Review and challenge Group risk appetite allocation and monitor consumption and allocation within RB.
  • Support the integrated planning process to ensure the anticipated demand and supply for risk appetite are appropriately aligned.
  • Establish and embed a credit risk monitoring framework, including portfolio benchmarks, targets, and early warning indicators to monitor portfolio trends, capture emerging risks, and monitor credit performance against risk appetite and plans, using these analyses to make recommendations around next steps or decisions to be taken and support business forecasting.
  • Accountable for risk planning and stress testing in RB through the employment of robust forecasting methodologies to anticipate future risks. Consistently evaluate historical data trends, making necessary metric adjustments to stay ahead of the evolving financial landscape.
  • Perform ad-hoc stress testing, scenario and sensitivity analyses to assess impact of emerging risks on RB portfolio.

Accountability: Stakeholder Management

  • Build and maintain effective relationships with stakeholders and formulate the most optimal operating model to ensure transparent cross-functional communication between all stakeholders.
  • Establish and nurture influential relationships with a wide network across the organization in order to identify synergies and optimally leverage relationships, knowledge, services and resources to provide superior solutions.
  • Maintain external relationships with risk bodies, forums, and other risk professionals both for formal information sharing and for the development and promulgation of risk best practice.

Accountability: Business and Operations Management

  • Ensure that the function is managed within acceptable parameters and that governance and management processes exist and operate effectively.
  • Ensure that all other areas of operational and business management (e.g., change/project management, crisis management) are in place and operating effectively.
  • Keep abreast of international best practice regarding financial risk management and contribute to standards and guidelines as required.
  • Participate in developing, testing, and optimizing credit policies and credit risk related projects and ensuring consistency and complying to regulatory compliance with Prudential Authority rules applicable to credit risk, including Basel IV implementation.

Education

Bachelor'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.

#J-18808-Ljbffr

  • Senior Manager: Credit Portfolio Management

    4 weeks ago

    Sandton, South Africa Absa Bank Limited Full time

    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...

  • Senior Manager: Credit Portfolio Optimization

    7 days ago

    Sandton, South Africa Absa Group Full time

    Empowering Africa's future, together.Absa Group is a leading financial services organization with a rich history and strong presence in Africa. As the Senior Manager: Credit Portfolio Optimization, you will play a crucial role in managing credit risk in Relationship Banking through key activities such as optimizing capital demand and strategic credit risk...

  • Credit Portfolio Analyst

    14 hours ago

    Sandton, South Africa Fempower Full time

    We are looking for an experienced Credit Portfolio Analyst to join our team at Fempower. The successful candidate will be responsible for assessing and managing credit risk across various asset classes.About the Role:This role requires strong analytical skills and the ability to work independently to execute mandated tasks.The ideal candidate will have a...

  • Portfolio Manager

    13 hours ago

    Sandton, South Africa Capitec Bank Full time

    About the RoleWe are seeking an experienced Credit Risk Manager to join our team in Business Bank. The successful candidate will be responsible for evaluating and managing the credit and associated risks within an allocated portfolio.Responsibilities:Develop and maintain relationships with stakeholders to ensure effective communication and...

  • Manager: Provincial Credit

    17 hours ago

    Sandton, South Africa Capitec Bank Full time

    Purpose StatementTo evaluate and manage the credit and associated risks within an allocated portfolio in Business Bank through leading, driving and inspiring a team of Credit and Senior Credit Managers responsible for providing credit support, from origination and assessment, on an Intuitive basis, to ongoing risk management.To integrate and manage the...

  • Senior Manager: Portfolio Assurance

    3 weeks ago

    Sandton, South Africa TalentCru Full time

    Portfolio Managers enable the organization to protect its funding and investments and balance the level of risk in a portfolio through proactive management of risk limits while providing a complete overview of the portfolio risks that could impact the accomplishment of the organization's strategic objectives.This role will undertake independent oversight of...

  • Senior Manager: Portfolio Assurance

    1 week ago

    Sandton, South Africa TalentCru Full time

    Portfolio Managers enable the organization to protect its funding and investments and balance the level of risk in a portfolio through proactive management of risk limits while providing a complete overview of the portfolio risks that could impact the accomplishment of the organization's strategic objectives.This role will undertake independent oversight of...

  • Senior Credit Officer

    14 hours ago

    Sandton, South Africa Capitec Bank Full time

    Job RequirementsThe successful candidate will be responsible for leading a team of Credit and Senior Credit Managers to evaluate and manage the credit and associated risks within an allocated portfolio in Business Bank.Responsibilities:Develop and implement strategies to improve the quality of credit risks across regionsMonitor and report on the performance...

  • Senior Manager: Credit Wealth

    2 weeks ago

    Sandton, 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...

  • Risk Appetite Specialist: Credit Portfolio

    7 days ago

    Sandton, South Africa Absa Group Full time

    Risk appetite specialist - credit portfolio.Absa Group is seeking a Risk Appetite Specialist: Credit Portfolio to join our team. In this role, you will be responsible for managing credit risk in Relationship Banking through key activities such as optimizing capital demand and strategic credit risk management to meet risk-return objectives. You will work...

  • Portfolio Management Leader: Credit Risk

    7 days ago

    Sandton, South Africa Absa Group Full time

    Leading credit risk management in Africa.Absa Group is a leading financial services organization with a rich history and strong presence in Africa. We are seeking a Portfolio Management Leader: Credit Risk to join our team. In this role, you will be responsible for managing credit risk in Relationship Banking through key activities such as optimizing capital...

  • Senior Manager: Credit Risk

    2 weeks ago

    Sandton, 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 The...

  • Senior Credit Risk Manager

    1 week ago

    Sandton, South Africa IDC Full time

    **Job Description** This is a fixed term contract for 09 months.** Responsible for Credit and investment risk assessments within the organisation through: - Preparation of assessments that include thorough and rigorous testing of the base case assumptions provided by the client or client facing teams and provide the necessary independent attestation on the...

  • Risk Management Specialist: Credit Portfolio Excellence

    2 days ago

    Sandton, South Africa Nedbank Head Office Full time

    Job Description:Nedbank Head Office is seeking a highly skilled Risk Management Specialist to join our team in optimizing credit portfolio quality.Key Responsibilities:Operationalize the Group Enterprise-wide Risk Management (ERM) Framework by ensuring business unit-level governance structure and charters are implemented, adequate risk reports generated, and...

  • Senior Manager: Credit Risk Monitoring

    2 weeks ago

    Sandton, South Africa Nedbank Head Office Full time

    Requisition Details & Talent Acquisition Contact XXX-XXXX- Tshego Semenya Location: Sandton Closing date: 5 February 2025 Cluster RBB Career Stream Credit Collections Leadership Pipeline Manage Others Why join our team Join Nedbank as a Senior Manager: Credit Risk Monitoring and lead the charge in optimizing our credit portfolio quality Youll play a crucial...

  • Senior Credit Risk Analyst

    2 weeks ago

    Sandton, 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 Manage...

  • Specialist / Senior Manager - Credit Risk Policy

    2 weeks ago

    Sandton, 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 Group...

  • Senior Credit Manager: Cib Risk

    2 weeks ago

    Sandton, 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 **Job...

  • Senior Credit Risk Analyst: Resources

    2 weeks ago

    Sandton, South Africa Absa Bank Limited Full time

    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 -...

  • Senior Credit Manager: Evaluation

    1 week ago

    Sandton, South Africa Kamo Placements Full time

    **JOB DESCRIPTION** - Provision of independent credit & investment assessments to approval committees; exercising credit judgment; and making sound credit recommendations working within stipulated Service Level Agreement. - Ensure adherence to credit policies and procedures as well as team alignment to the Credit Risk Appetite Strategy, taking into account...