Counterparty Risk Portfolio Specialist at Absa Group Limited (Absa)

Key Responsibilities:

• Portfolio Management: Oversee the performance and risk profile of counterparty risk in Global Markets, ensuring it meets the business’s strategic objectives and risk parameters.
• Credit Analysis: Leverage off internal & external resources to identify any fundamental credit concerns in the counterparty risk Global Markets runs at an individual counterparty, sector or sovereign level.
• Risk Monitoring: Continuously monitor the credit aspects of the counterparty risk to identify emerging risks and opportunities, taking proactive measures to mitigate potential losses.
• Active Credit Portfolio Decisioning: Support credit risk-on decisions with a risk lens and own the pricing framework with respect to counterparty risk and required returns on counterparty credit risk capital. Recommend risk-out & optimization strategies based on credit risk assessments, market conditions, economic forecasts and business financial resource needs.
• Reporting and Documentation: Prepare comprehensive reports and presentations for senior management, highlighting portfolio performance, risk exposures, and strategic recommendations.
• Regulatory Compliance: Ensure all activities comply with relevant regulatory requirements and internal policies, maintaining accurate and up-to-date documentation.
• Collaboration: Work closely with other departments, including Trading, Sales, Risk Management, Research and Compliance, to ensure a holistic approach to counterparty credit risk management.
• Market Analysis: Stay abreast of market trends, economic developments, and geopolitical events that could impact the credit portfolio and decisioning.

Skills:

• Strong analytical and quantitative skills with the ability to interpret complex financial data.
• Proficiency in financial modeling and credit risk assessment tools.
• Excellent communication and presentation skills.
• Strong attention to detail and ability to manage multiple tasks simultaneously.
• Knowledge of regulatory requirements related to counterparty risk management.
• Ability to work effectively in a fast-paced, dynamic environment.

Key Competencies:

• Analytical Thinking: Ability to think critically and analyze complex financial information to make sound credit decisions.
• Risk Management: Strong understanding of risk management principles and practices, with the ability to identify and mitigate potential risks.
• Decision Making: Demonstrated ability to make informed, data-driven decisions under pressure.
• Communication: Strong verbal and written communication skills, with the ability to convey complex information clearly and concisely.
• Collaboration: Proven ability to work collaboratively with cross-functional teams and build strong working relationships.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)