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
This role involves analysing the profitability and risk associated with Vehicle and Asset Finance products and portfolios. The person plays a critical role in optimising the value of the Vehicle and Asset Finance business by identifying opportunities for growth, improving profitability, setting the risk appetite, challenging pricing strategies, monitoring risk and implementing other actions to manage the overall performance of the Vehicle and Asset Finance business.
Job Description
Portfolio Performance Monitoring:
- Understand the interaction between the macro environment and credit performance and adjust credit underwriting strategy within Risk Appetite accordingly based on macro expectations.
- Monitor the performance of the Vehicle and Asset Finance portfolio, tracking key performance indicators (KPIs), such as margin, balance sheet growth, capital utilisation, delinquency rates, default rates, and prepayment rates.
- Conduct regular portfolio reviews to assess the quality of assets, identify trends, and recommend actions to mitigate risks and enhance performance.
- Utilise data analytics and reporting tools to generate insights and actionable recommendations for portfolio optimisation.
- Analyse the profitability of Vehicle and Asset Finance business and portfolios, assessing revenue generation, capital utilisation, costs, and associated risks.
- Identify opportunities for revenue enhancement, risk reduction, cost optimisation, and process efficiencies to improve overall profitability.
- Assess and monitor risks associated with the Vehicle and Asset Finance portfolio, including credit risk, interest rate risk, and market risk.
- Support the risk appetite and portfolio diversification to maintain a balanced risk profile
- Challenge underwriting standards in order to improve profitability and sustainability.
- Collaborate with the credit risk management team to develop risk mitigation strategies and ensure compliance with internal policies and regulatory requirements.
- Challenge forecasting of credit losses against trends and economic outlook.
- Collaborate and challenge the risk management team to run required stress testing.
- 2- 5 years experience required
- Technical skills SAS and Microsoft Suite proficiency
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
