Manager Risk Measurement at Absa

Job Summary

• Measure, advise, report and forecast credit risk (impairment and capital). This includes liaising with and influencing key stakeholders (e.g. collections, finance, business, etc.) to drive financial performance such that losses are within risk appetite.

Job Description

Outputs to deliver against the purpose (30%):

• Measure and clearly articulate monthly impairment numbers
• Understand impairment and capital drivers
• Forecast credit provision (impairment and capital) for the different budgeting periods, i.e. revised annual forecasts, short term plans (12 months) and medium term plans (60 months).
• Assist in setting collection targets (on and off balance sheet) in line with the budget.
• Liaise and influence collections performance in line with risk appetite.
• Full involvement in the development of PD and LGD impairment and BASEL models.
• Influence the setting of collections strategies to ensure optimal collections performance and subsequently drive forecast.
• Measure impacts of any credit policy change, including new and existing customer acquisition strategies as well as collections strategies.
• Calculate potential losses for once off risk events.
• Understand the interaction between the macro environment and credit performance and introduce in the forecasting process.
• Highlight any stress within the portfolios and propose mitigating actions.
• Execution of the accounting process and accurate financial reporting (including disclosure reporting)
• Impairment account management and BS ownership

People Management (10%):

• 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.
• Pro-actively identify development areas of direct reports and compile development plans to address them.
• Attract and retain talent, with the assistance from the HR Business Partner.
• Interview and recruit new members of the team, including determining appropriate compensation levels with input from HR.
• Compile a headcount plan to ensure that current and future business requirements can be met and obtain approval from the Head: Risk Management for any additional headcount that might be needed for the team.
• Identify team capabilities and develop a succession plan, with the assistance from the HR Business Partner.
• Initiate disciplinary action process as and when required, with the assistance of the Employee Relations Consultant.
• Act as the first line of escalation for all grievances.
• Conduct monthly meetings with the team to address performance gaps.
• Effectively lead team members and ensure their efforts are recognised.
• Ensure execution of plans seeking to address employee related issues - e.g. Employee Survey (EOS) action plans.

Stakeholder Management (30%):

• Liaise with various internal stakeholders (e.g. Risk Management, Credit Lending, Product Head, IT and Enablement, Group Risk, Collections) to convey impairment numbers and portfolio performance, the impact of model and other once off policy changes / events to these numbers, emerging risks, sign off impairment budgets, etc.
• Also secure stakeholder buy-in when general provisions have to be raised for potential risks in the market.
• Review and report impairment performance and trends to the Head Risk Measurement, Head Product Risk, Portfolio Quality Review Meeting, Group Risk Impairment meetings and Product Teams.
• Liaise with Financial Reporting and Financial Control

Analysis and Reporting (20%):

• Manage and co-ordinate the development of reporting requirements and portfolio measures for the product Risk Management team through the Absa and Barclays’ committee structures.
• Present key credit trends and highlight recommendations and risk mitigation plans to the relevant Risk Management Head by either extracting data from within own team or consolidating data from central MI team.
• Ensure monthly Portfolio Performance Reports (with commentary) are submitted in accordance with the agreed deadlines and required standards and that all actions are addressed and feedback given in a timely manner.
• Ensure the development of more frequent MI (daily, weekly, monthly, as required).
• Produce half and full year impairment commentary for the Absa Booklet.
• Produce monthly account level impairment data and report (quarterly) more granular trends.
• Oversee the quality of reports to ensure they cover performance monitoring and benchmarks.
• Enhance reporting related to industry impairments to track performance relative to the market and to support risk appetite discussions.

Governance and compliance (10%):

• Ensure compliance with relevant Group Policies.
• Ensure that all legislative requirements are complied with (e.g. National Credit Act, Basel).
• Support relevant Audits and ensure any potential audit findings are addressed in-line with committed dates.
• Design, implementation and maintenance of the existing Governance framework which includes, policy compliance, processes and key controls, attestations
• Continuous self-assessment of the governance environment, manage key risks and issues identified, plan according to key deliverables and enable management to pro-actively escalate where necessary

Education

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

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised