Manager Quality Control Valuations

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

The Valuation Risk Manager is responsible for overseeing the valuation risk management activities of the home loans risk department. The main duties of this role include:

- Developing and implementing valuation policies, procedures and standards for home loans products and portfolios
- Monitoring and reporting on valuation risk exposures, performance and compliance
- Conducting periodic reviews and validations of valuation models, methodologies and assumptions
- Providing guidance and support to valuation analysts and other stakeholders on valuation issues and best practices
- Collaborating with internal and external auditors, regulators and other risk functions on valuation matters

**Job Description**:
Accountability: Valuation risk management
- Act as the custodian of collateral risk, ensuring the security and accuracy of all collateral-related processes.
- Develop and implement frameworks, policies, and strategies related to collateral risk management.
- Optimize the valuation platform for efficient and accurate property valuations.
- Take ownership of valuation models and ensure their accuracy and relevance.
- Develop and enforce valuation rules to maintain consistency and integrity in the valuation process.
- Provide input from a collateral risk perspective in new development approvals, coordinating with policy, legal, compliance, and other relevant stakeholders.
- Contribute to achieving overall risk management objectives while supporting organizational growth initiatives.

Accountability: Stakeholder and Relationship Management
- Provide guidance and support to operational teams in matters related to property valuations and risk
- Address and resolve disputes related to out-of-policy valuation rules, which include replacement value disputes.
- Manage relationships with valuation suppliers and ensure compliance with standards.
- Represent Absa at industry forums to engage with stakeholders and stay informed about industry trends.

Accountability: People and Culture
- Builds and sustains a culture that aligns to the Home Loans Risk aspirational colleague experience
- Ensure delivery of business goals by aligning Performance Development (PD) Plans of direct reports to the business goals.
- Instil a performance development culture through directing the PD process and adhering to the PD calendar.
- Ensure delivery of business goals by managing and developing colleagues on a project-by-project basis to deliver on the desired business goals.

Accountability: Control
- Oversee general quality assurance processes and offer guidance on escalated valuation matters.
- Effectively manage costs related to valuation processes.

Education and experience required
- SACPVP accredited degrees or certificates.
- Registered as a Professional or Professional Associate Valuer without any restrictions relating to Mortgage Bond and security valuations.

Knowledge and skills:

- Adaptability: Adapting to changes in industry trends and staying informed about developments through industry forums.
- Problem Solving: Addressing and resolving disputes. Providing guidance and support to operational teams in matters related to property valuations and risk.
- Analytical thinking: Ability to analyze complex valuation and risk-related issues.
- Decision making: Capability to make informed decisions in line with organizational goals.
- Strategic vision: Understanding of the broader organizational strategy and how property risk management contributes to it.
- Continuous learning: Willingness to stay updated on industry trends and regulatory changes.

Competencies:

- A qualified valuer capable of performing valuations for all property types related to mortgage bonds or security valuations.
- Understanding of municipal bylaws and property-related legislation.

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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