Cib Head Credit Models

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

Lead the Credit Risk Modelling team responsible for development and continuous enhancement of the wholesale credit risk models from development, implementation and governance lifecycle, as well as support functions around Credit Risk matters. Provide strategic thought leadership relating to additional models needed.

**Job Description**:
Role description:

- Lead the development of credit risk models and methodologies, ensuring they are effective in assessing credit risk and comply with regulatory and ABSA requirements.
- Manage a team of model developers, providing leadership, coaching, and development opportunities to team members.
- Collaborate with other teams, such as risk management, finance, and business units, to ensure that credit risk models are integrated into the broader risk management framework.
- Work with external vendors and consultants, as necessary, to ensure that the institution has access to the latest modeling techniques and data sources.
- Monitor the performance of credit risk models and adjust, as necessary, to ensure their effectiveness.
- Provide guidance and advice to senior management on credit risk modeling issues.
- Provide training to stakeholders on credit risk regulations and credit risk models.
- Ensure models are compliant with validation, testing and governance processes.
- Stay abreast of regulatory requirements and industry best practices related to credit risk modelling.
- Ensure successful implementation of models by assisting the model implementation team with technical and implementation testing support.
- Ensure team is equipped with required skills and resources to deliver strategic initiatives.

Qualifications and skills required:

- Advanced degree in a quantitative field, such as mathematics, statistics, or mathematics in finance.
- At least 8 years of experience in credit risk modeling, with a strong understanding of modeling techniques and methodologies.
- Previous experience leading a team of model developers.
- Knowledge of regulatory requirements related to credit risk modeling, including Basel III/IV and IFRS.
- Strong analytical and problem-solving skills.
- Excellent communication skills, with the ability to explain complex concepts to non-technical stakeholders.
- Ability to work collaboratively with other teams and stakeholders.
- Strong project management skills, with the ability to manage multiple projects simultaneously.

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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