Credit Analyst

6 months ago

Johannesburg, 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

To ensure all risk areas within the AVMS and Fleet Card environment are monitored and mitigated, and where necessary escalated to the correct Leadership Members to mitigate such risk.

**Job Description**:

- 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 of grant on a continuous basis and discuss any deviations and possible concerns with Sales team and escalate to Line Management and Credit if necessary.
- Create and maintain a detailed due diligence record of the client portfolio's, detailing what facilities clients have, so that information is readily available for reporting purposes.
- Monitor and report boundary events in terms of the Operational Risk Boundary.
- Identify the need for a meeting between high-risk clients, Credit and Senior Risk Manager.
- Request updated values on all tangible security, which security serve as security for facilities in line with AVMS and ABSA Credit policies.
- Request updates on all Insurance Policies in respect of all vehicles financed by AVMS.
- Manage and communicate the risks associated with outstanding securities.
- Request and manage outstanding Financial Statements as stipulated in the AVSM / ABSA Credit policy.
- Action and manage arrears on all live accounts, following up on arrears and ensuring that the AVMS and Fleet Card Book does not run into 90 day arrears buckets. Contact clients in need for rectification.
- Explore new, improved, and alternative ways of solutioning client credit requirements.
- Adhere to AVMS and ABSA 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.
- Adhere to AVMS and ABSA’s Credit Policy when considering a request to open the system to load limits.
- Pro-actively manage credit risks associated with the portfolio of clients and their related products.
- In the event of a client visitation prepare a focused call report.
- Issue facility letters to clients after reviews have been compiled and new facilities granted.
- Maintain thorough, accurate and up to date credit files, which include a set of financials, valuations, credit decisions and all client related communication.
- Spread client's financials on the various Credit Risk Grading models i.e., Agri Model, Public Sector Model, RiskCalc Model and CIB SPEAR Model.
- Provide the Default Grading (DG) output from the Credit Risk models within 24 hours of receiving the request.
- Capture all information on the various risk grading models 100% accurately by checking that all the models balance.
- Respond to queries relating to the DG output by explaining the process followed and the model used to generate the DG output. Escalate all technical queries relating to the various risk grading models to the relevant system owners.

Education

Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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