Manager Model Risk Monitoring

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

As a Manager the expectation is to lead and perform model monitoring activities in accordance with the model risk policy, framework and standards for the specific model type.

Within monitoring the incumbent will conduct model performance monitoring on a wide range of AGL models (Regulatory Capital, Impairments, Behavioural scorecards, Application scorecards and Credit decisioning) and cover products used across the Retail business units, produce monitoring reports and engage with internal and external stakeholders on the output thereof. Work closely with the validation teams, as the monitoring analyses constitute critical inputs into the periodic validation process.

**Job Description**:
Accountability: Model monitoring (45%)
- Execute monitoring of models assigned to you by following each step in accordance to the IVU process. Specifically, ensure that all information required for the monitoring is available on time, as received from Model Owner (MO) and/or Model Development (MD).
- Ensure submission and completion milestones have been communicated to relevant stakeholders for the models assigned to you.
- Strive for a computationally accurate analysis which does not require recalculation as part of management review.
- Strive to produce a quality report requiring minimum corrections as part of management review. Ensure the report is palatable for the intended audience.
- Give input into the following processes: Annual PA Self-Assessment, Long Form Audits, etc.
- Provide input into improving qualitative and quantitative measures used to measure model performance and model risk.
- Deliver ad-hoc and management requests timeously and to the required standard of quality.
- Present monitoring outcome and findings at forums when required.
- Good writing and communication skills for presentation to Executives.

Accountability: Supervisory (30%)
- Supervise/assist analysts (AVPs) to ensure timeous and quality delivery of monitoring outputs. Be consistent in terms of guidance and standards.
- Review tests/analyses as completed by analyst and ensure all testing areas are adequately assessed.
- Review reports for completeness, accuracy and relevance, ensuring a quality report requiring minimum corrections as part of line manager review.
- Set up feedback sessions/checkpoints, implement all feedback, or acknowledge and reason why feedback was not implemented.
- Accountability for project milestone, control and outcome management.
- Ensure significant findings are identified and discussed early in the process.
- Offer technical and professional guidance to less experienced staff.
- Drive the achievement of key objectives, as specified by IVU management.
- Drive professional (softer skills) development of less experienced staff.

Accountability: Management of Stakeholder Relationships (15%)
- Maintain a professional relationship with all stakeholders. These include, but are not limited to, model owners, model developers, model approvers and audit.
- Effective communication of model findings to all stakeholders.
- Either address (where able and competent) or escalate material concerns or bottlenecks to line manager (or relevant stakeholder) as early as possible to enable actions to be taken pre-emptively.
- Constructively challenge models and related processes. Engage with the stakeholders to get their perspective.
- On an ongoing basis, interact with internal stakeholders (e.g. model developers, IVU colleagues, model owners, model implementation, business representatives, etc.) to ensure common understanding of findings and concepts.
- Guide internal counterparties through relevant regulatory, policies, standards, sites and governance requirements.

Accountability: Development of Technical and Product Knowledge (10%)
- Develop own technical knowledge, regulatory/policy knowledge and softer skills independently from scheduled team training.
- Share own knowledge on informal and formal basis; support team’s overall development.
- Facilitate investigation and implementation of controls within other units to maximize early detection and mitigation of model risk.
- Provide assistance to research projects conducted by students from different universities.
- Actively manage soft skills development.
- Ensure simple administrative issues are addressed adequately and within agreed timelines.

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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