April 16th, 2025 at 01:30 pm
Latest Job Posting at Absa Bank
POSITION: Risk Measurement & Models Analyst
Job Summary
- Join the Business Support Team and assist the Business Support Manager in implementing turnaround strategies for a group of Corporate and Business Banking clients facing financial difficulties.
- Proactive management and forecasting/planning of the Wholesale Expected Credit Loss (Impairment) process and associated models.
- Prompt and precise finalization and delivery of management information regarding the portfolio to all involved parties in line with established protocols.
- The person should be proactive and capable of identifying and resolving issues. The position will necessitate functioning with limited oversight and applying a significant amount of initiative. The position demands that the person can connect data and trends and assist in developing practical, attainable turnaround plans.
Main responsibilities
Measurement, Management & Reporting of Risk 50%
- Guarantee that the PD (Probability of Default) and LGD (Loss Given Default) models are comprehended and contribute to the development and validation of the models.
- Accountability for delivering Management analytical solutions/monitoring packs and MI to effectively manage portfolios in accordance with policy.
- Create and implement data-driven credit risk strategies within the Credit Risk team.
- Collaborate, organize, and deliver necessary inputs and replies regarding impairments, forecasting, MI, and analytics to aid management decision-making.
- Engage, evaluate, and question during daily meetings to set month-end impairment predictions and comprehend impairment factors.
- Recognize fresh possibilities for improving and simplifying services by leveraging advanced analytics, automation, and optimization.
- Guarantee the integrity, completeness, and precision of data stored in ABS systems.
- Guarantee adherence to and conformity with governance, risk policies, procedures, and compliance regulations, including but not restricted to the Group’s RDARR guidelines.
- Generate on-demand analytical reports addressing specific credit-related concerns – these reports encompass diagnostic findings and suggested corrective measures for relevant stakeholders.
- Generate consistent portfolio and regulatory reports for appropriate stakeholders.
- Make sure that the deadlines for Group reporting are followed.
- Additional duties that may be assigned to you by your line manager.
Business Administration and Adherence 40%
- Observe, gather, and assess client financial data while identifying and emphasizing any areas that need additional inquiry.
- Also, create, execute, and sustain strategies for suitable corrective measures on underperforming accounts within the portfolio.
- In partnership with business counterparts, create, execute, and sustain credit risk strategies to effectively oversee the performance of the portfolio.
- Create, execute, and uphold strategies for suitable corrective measures on underperforming accounts within the portfolio.
- Draft guidelines/briefings for experts regarding specialized reports and recommendations, such as Independent Business Reviews. Assess and examine results, and share conclusions with BBS Manager / Team Leader.
- Document and manage surpluses
- Respond to inquiries and concerns from Relationship Managers, Risk Teams, and professionals like accountants and lawyers.
Personnel Oversight 10%
- Take charge of your personal development by ensuring that SMART goals are established with your team leader.
- Engage in, take part in, and finish all pertinent training, education, and development activities assigned promptly.
- Make sure you have received feedback from the performance review and reach an agreement on corrective actions with your team leader for any identified performance issues.
- Share career aspirations with the team leader and ensure the appropriate training is administered.
- Lastly, engage in team conversations such as knowledge sharing events and team bonding activities.
Education
Advanced Diplomas: Business, Commerce, and Management Studies (Necessary)
How to Apply for this Job at Absa Bank
Closing Date: April 22, 2025
NOTE:
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