Analyst Credit Risk CVM (Impairment and Capital)

Job Summary

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

Key Accountabilities 

 Outputs to deliver against the purpose (50%):

• • Analyse and measure monthly impairment and capital 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.

  • Analyse collections performance in line with risk appetite.

  • 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.

  • Understanding of the accounting process and financial reporting (including disclosure reporting)

  • Ad hoc analysis.

Stakeholder Management (20%):

• • Liaise with various internal stakeholders (e.g. Risk Management, Credit Lending, Product Head, Collections, BU Finance) 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.

  • Analyse and report impairment performance and trends to the Portfolio Manager and Head Risk Decision Support.

Analysis and Reporting (30%):

• • Compile reports in line with the reporting requirements and portfolio measures for the product Risk Management team through the Absa committee structures.

  • Ensure monthly Portfolio Performance Reports (with commentary) are completed in accordance with the agreed deadlines and required standards

  • Ensure the development of MI as required.

  • Produce monthly account level impairment and capital data and reports.  

  • Produce reports related to industry impairments to track performance relative to the market and to support risk appetite discussions.

Education

Bachelor Honours Degree: BMI - Business Management and Informatics (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