Portfolio Manager VP (Wealth Credit)

Job Summary

Develop and implement segment-specific credit strategies, including defining risk appetite, establishing early warning indicators, and driving capital and impairment forecasting through advanced credit analytics. Strengthen governance frameworks to support capital optimization and enable informed, risk‑balanced growth decisions.

Embed and standardise credit risk management practices to ensure effective operational execution, adoption, and delivery aligned with approved methodologies, governance standards, and risk objectives.

Impairments and Capital Forecasting:

• Ownership of impairment forecasting for the PWB credit portfolio, including Expected Credit Loss (ECL) projections under IFRS 9.

• Development and maintenance of forward‑looking portfolio scenarios, incorporating macroeconomic assumptions and stress outcomes.

• Active monitoring of actual versus forecast impairments and capital consumption, with clear articulation of drivers and emerging trends.

• Partnership with Finance to ensure alignment between risk forecasts, budgeting, and capital planning processes.

 

Risk Appetite Setting and Monitoring:

• Support the definition and calibration of portfolio specific risk appetite metrics aligned to Group and Wealth risk appetite statements.

• Ongoing monitoring of portfolio performance against approved limits, thresholds, and early warning indicators.

• Escalation of breaches or emerging risks with clear root cause analysis and recommended management actions.

• Contribution to governance forums through concise, insight driven portfolio reporting.

 

Credit Data and MI:

• Support current MI capability, consolidating fragmented data into a consistent and usable information to stakeholders

• Translate manual, disparate credit data into timely, decision‑ready portfolio insights for Credit, Risk, Finance, and Business forums.

• Shift reporting from descriptive, retrospective MI to forward‑looking, actionable analytics.

• Reduce reliance on manual data extraction, reconciliation, and ad‑hoc reporting.

• Enable faster, higher‑quality credit and portfolio decisions through clear, aligned MI outputs.

 

 

Strategic Portfolio Analytics:

• Development of advanced portfolio analytics to support strategy, including risk‑adjusted returns, concentration risk, and client‑level risk profiling.

• Identification of structural risks and opportunities within the portfolio to inform product design, pricing, and growth strategies.

• Support stress testing and scenario analysis to assess portfolio resilience under adverse conditions.

• Provision of decision support for strategic initiatives, including portfolio optimization and growth prioritization.

• Deliver insight‑led MI that explains portfolio behaviour, performance drivers, emerging risks, and concentrations.

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Education

Bachelor Honours Degree: Accounting, Bachelor Honours Degree: Actuarial Science, Bachelor Honours Degree: Statistics

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