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Regional Manager Retail Credit Risk- Impairments

4 months ago

Johannesburg, 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 oversee the ARO Retail monthly Expected Credit Loss calculations and the management of period end reporting and administration of the governance forums. To co-ordinate, review and challenge and interlock on impairments the ARO Retail’s integrated planning process (Short & Medium-Term Planning & Risk Adjusted Forecasts).

**Job Description**:
Impairments
- Establish monthly ECL Estimates as per the IFRS9 standard and the Group’s retail impairment policy across all ARO Retail and SME products through independent and collaborative efforts with ARO countries.
- Ensure impairments parameters (PDs, LGDs, EADs, Discount rate, macro factors, and coverage ratios) are refreshed as per the agreed timetable.
- Support ARO Retail Risk, Finance and Business stakeholders by communicating final impairment numbers on a monthly basis
- Support ARO Retail Risk, Finance & Business stakeholders by resolving impairment related queries.
- Establish an appropriate forum for the consideration of impairment management information (MI) with all subsequent actions appropriately identified, documented and implemented.
- Plan, co-ordinate and prioritize projects/initiatives within specific environments and ensure regular feedback to stakeholders as well as status of projects are communicated.
- Ensure compliance to prescribed policy by liaising with Group’s policy and technical accounting.
- Understand collection’s strategies and impact on the portfolio and recommend changes where necessary by engaging respective collections teams
- Ensure the proper governance, control and independent validation of management adjustments that are used as model over/underlays.

Reporting and MI
- Enable analytics and a deep understanding of the portfolio that allows for prompt and complete response to queries raised by key stakeholders.
- Manage Ad-hoc queries within the monthly cycle of deliverables given the monthly reporting timelines for delivery through applicable and available resources.
- Identify MI shortfalls and drive for inclusion with the data team to enable robust and improving portfolio analytics.
- Oversee/review the reporting function of the ARO Retail portfolios to ensure consistent and accurate data with insightful and robust commentary.
- Engage across the ARO countries to ensure consistent reporting definitions.

Model and data Validation/ Review
- Challenge models to be best in class
- Identify, analyze and drive issues with modelling 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 existing IFRS9 models and recommend changes or enhance where applicable.

People Management
- Ensure delivery of business goals by aligning Performance Development (PD) Plans of direct reports to the business goals.
- Instill a performance development culture through directing performance development process and adhering to PD Calendar.
- Proactively identify development gaps of direct report and assist shape development plans.
- With assistance from HR Business Partner attract and retain talent and build succession plans

Relationships and Stakeholder Management
- Liaise and engage with various internal Stakeholders (e.g., ARO in-country risk teams, ARO Exco, Business Exco, IT) to secure their respective support.
- Secure support from MI, Business & Finance teams, in-country risk teams deliver accurate and robust MI and Impairments (analysis and figures).

Governance and Compliance
- Test and audit the implementation of models, MI and processes and provide reports to governance committees to ensure that ECL estimates, and policies are compliant with the Group’s policies.
- Attend the Bank Forums to seek out and share best practices.
- Ensure that there is compliance with all internal policies and procedures in the team and provide coaching and feedback on how to improve compliance through the continuous review of activities/strategies.
- Ensure that all local regulatory and PA requirements are complied with through engagement with business, legal partners and in-country risk teams.

Perform all other duties as reasonably assigned

Education and Experience Required

B Hons degree in Accounting/Finance/Statistics/Risk Management or an NQF Level 7 equivalent will be advantageous

(5+) years’ experience in the Banking sector which must include proven experience, preferably with international exposure and having worked in multiple locations/ countries.

(3) years’ experience in managing a large portfolio.

(3) years’ experience on a