Senior Manager: Credit Risk

2 weeks 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

Responsible for leading and mentoring a team to develop acquisition strategies for Absa Vehicle and Asset Finance using data analysis and predictive modelling techniques.

Monitor and influence the effectiveness of the end-to-end Credit Underwriting Strategy for AVAF.

This role will have a Juristic and Joint Venture partner focus.

To develop tactical strategy and delivery plans, formulate associated practice/s and to ensure operational implementation and adoption i.t.o. credit risk management methodology, practice, governance and delivery objectives.

**Job Description**:
Key Accountabilities

Accountability: Strategy Design and Analysis

Develop and manage data driven strategies within the Retail Risk team. This includes the following actions:
- Design and development of data driven strategies within the Retail Risk team- Sourcing, consolidating and analyzing large data sets, utilizing strong SAS skills and identifying anomalies/trends.- Liaising with relevant stakeholders, including Sales, IT, Front end & Collections Operations, Finance and other Risk teams.- Assist New Product Development with assessments related to product refinements.- Identifying gaps in Acquisitions, Portfolio Management and Collections & Recoveries processes and strategies as well as providing solutions to closing the gaps/streamlining processes.- Design, implement and monitor champion/challenger tests and analyse the test results in order to better understand customer sensitivity in a manner that allows for the long term strategy to be implemented.- Presentation of analytical results and proposals to both technical and non-technical audiences, providing commentary as required.- Your ability to display strategic risk experience as well as solid SAS/Data Analytics skills will serve you well in this role. A strong quantitative, statistics and/or actuarial background with a track record of running with an entire project from conceptualization, to extraction of data, to formulating strategies and subsequent impacts of implementation through to excellent stakeholder engagement and management will be an added advantage.- Implementation and testing of credit policy enhancements in a live environment.

Accountability: MI and Communication- Review and report strategy performance and trends to the Head of Credit: AVAF, Credit Risk Committee, Group Risk teams, and Product Teams.- Produce strategy review documentation that shows the relevant performance of comparative acquisition and existing customer strategies. This needs to include approval rate, volume and risk related metrics.- Communicate analytical results to both technical and non-technical audiences- Work together with cross functional teams, which may be geographically dispersed, to deliver risk initiatives- Manage strategy sign-off process to ensure that all stakeholders are informed of proposed strategy changes and benefit/impact of these changes to the business.- Liaise with operational areas (for example, inbound call centre managers and the manual risk underwriting teams) to ensure strategies are working optimally.- Ensure that all strategies comply with ABSA credit risk policies and framework

Accountability: Customer Complaints Management- Investigate and resolve all unresolved customer complaints that are escalated for final decisioning. Provide prompt and clear feedback to the source of the complaint. This needs to be done for both new acquisitions as well as existing customer’s complaints.

Other accountabilities:
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Absa Policies and Policy Standards

Understand and manage risks and risk events (incidents) relevant to the role.

Risk Management: Providing Subject Matter Expertise to Risk types | Stakeholder Management: Build and Maintain effective Relationships with relevant stakeholders | Risk Reporting: Identify, assess and Report key risks arising from significant events, investigations, audit and control issues | People Management: Develop a high performing Team | Risk and Control: Adherence to Policies, Procedures and Regulations

Education and Experience Required- B Degree in Business or Mathematics or Statistics or Operational Research or Engineering or Risk Management or Finance or similar- 3 years’ experience in credit risk analysis.- 3 years’ experience in developing data driven analytical strategies in a financial service industry.-
- 3 years in depth knowledge of the credit tools and systems used.- 5 years’ experience in Financial services industry.- 5

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