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
The Credit Analyst in the ARO Credit Risk Measurement team is required to assist in the end-to-end impairment process to ensure accurate reporting of impairments across Absa Regional operations (ARO) Wholesale Credit. Assist with the development and continuous enhancement of impairment and credit models within Absa Regional operations (ARO) Wholesale Credit including automation, monitoring, review and analysis. Provide mentorship and coaching to junior analysts or risk graduates within the ARO Credit Risk Measurement team.
Job Description
Accountability: Impairments Reporting (30%)
- Analyse and measure monthly impairment numbers.
- Understand drivers of the impairment charge.
- Understanding of the accounting processes and financial reporting (including disclosure reporting) in terms of IFRS 9 and other regulatory standards.
- Ensure monthly reports (with commentary) are completed in accordance with the agreed deadlines.
- Ability to use data analytics skills such SAS programming to optimise SAS processes, controls and ability to develop analytics and MI with SAS.
- Qliview developer skills to automate manual reporting and analytics (advantageous not required).
- Support ARO Wholesale Credit Risk, ARO Wholesale Credit Finance and Business stakeholders by communicating final impairment numbers on a monthly basis and answers/resolve impairment related queries.
- Assist in Planning, co-ordinate and prioritise projects/initiatives within the environment and ensure regular feedback to stakeholders as well as status of projects are communicated.
- Ensure compliance to prescribed policy by liaising with policy team.
- Explain methodologies to internal and external Audit and different Business Units.
- Liaise and engage with various internal Stakeholders (e.g., Credit Exco, REST OF AFRICA WHOLESALE CREDIT Finance, TAG & Wholesale Credit Management) to secure their respective support in the implementation of impairment strategies and also ensuring capacity exists to implement.
- Secure support from Modelling Team, MI, CRAG, Business & Finance teams to deliver accurate and robust MI and Impairments (analysis and figures).
- Review and report strategy performance and trends to the PRC committees and Wholesale
- If requested, act as a liaison between credit and the modelling team in relation to methodology questions/ understanding requirements that may from time to time arise (particularly in relation to the UI, IFRS 9 and stress testing models).
- If requested, participate/ drive (as may be appropriate) Credit related projects. Manage Ad- hoc queries from Credit, Finance and Business.
- Test and audit the model output, MI and processes and provide reports to governance committees to ensure that ARO WHOLESALE CREDIT activities and policies are compliant with the ABSA policies.
- Ensure that there is compliance with all internal policies and procedures in the team and provide coaching and feedback on how to improve compliance through the continuous review of ARO WHOLESALE CREDIT activities/strategies.
- Liaise with the Stress Testing modelling team in an advisory capacity to ensure appropriate use of data and models to arrive at output that is suitable for intended purposes and is in line with expert judgement.
- As part of the budgeting process, assist with the compilation of base impairment forecasts, as well as stress tested figures, present such figures to sign off authorities and address any queries that may arise during the process.
- Assist with ad hoc stress testing exercises as these may be requested through the year.
- Bachelors degree or Advanced Diploma required in Finance/Accounting/Risk/Statistics/Data Science
- Professional qualification in either trading (CFA), risk (FRM) or project management (PMP, Prince2) is advantageous.
- A minimum of 2+ years of experience in credit risk, trading, or investment banking
- 2+ years experience in data analysis, utilising a standard statistical package such as SAS working with large data sets.
- Qlikview developer knowledge will be beneficial to create reports and analytics.
At least two of the following:
- Credit Risk Management for SME, Business Bank or Corporate clients
- Knowledge of (Advanced) Impairments
- Knowledge of (Solid) Relevant Impairment Modelling
- Quantitative and Analytical thinking (Advanced)
- Knowledge of (Solid) Relevant accounting standards
- Stakeholder Management Skills (Solid)
- Sound knowledge of Banking Credit
- SAS Programming
- Qlikview Programming
- Persuading and influencing
- Deciding and initiating action
- Learning and researching
- Relating and networking
- Adapting and responding to change
- Creating and innovating
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
