Senior Manager: Credit Portfolio Optimization

3 days ago

Sandton, South Africa Absa Group Full time
Empowering Africa's future, together.

Absa Group is a leading financial services organization with a rich history and strong presence in Africa. As the Senior Manager: Credit Portfolio Optimization, you will play a crucial role in managing credit risk in Relationship Banking through key activities such as optimizing capital demand and strategic credit risk management to meet risk-return objectives. You will be responsible for setting risk appetite for key risk metrics, forecasting and stress testing of portfolio risk, and establishing a formal monitoring process for the management of credit portfolio risk.

This role encompasses offering innovative leadership and strategic expertise to guide and optimize the management of key risk metrics with the purpose of ensuring the business meets its risk-return objectives, with specific emphasis on impairments, Risk Weighted Assets (RWA), Economic Capital (EC), Earnings at Risk (EaR), Earnings Volatility (EVOL), Return on Regulatory Capital (RoRC) and Return on Economic Capital (RoEC).

In this capacity, you will take ownership of the ongoing development and enhancement of the credit portfolio management landscape, while adhering strictly to both internal and external regulations and policies. You will collaborate closely with key stakeholders to identify opportunities to enhance credit risk strategies and offer strategic insight regarding the evolution of the risk environment and its potential implications.

Key Responsibilities:
  • Ensure that RB product/business segments are being diligent, consistent and have the right momentum in delivering on the use of their appetite / capital allocation / targets and ensuring pricing models are appropriately designed and consider all key drivers to adequately account for credit risk.
  • Embedment of RWA, EC, and EaR as key risk drivers within RB Credit. Communicate results and recommendations from analysis undertaken to other areas of the organization, tailoring the interpretation to the audience and using appropriate presentation technology and templates.
  • Evaluate and explain the appropriateness of capital utilization and manage the actions required to deliver optimization and precision efforts.
  • Designing and establishing frameworks for earnings volatility and concentration risk management in RB in collaboration with business segments as it pertains to single obligors, sectors, and other tactical/cyclical concentration risk drivers, and monitor concentration risk against set limits and thresholds, through understanding credit correlations and sensitivities in RB's and the Group's portfolio.

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