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Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.
Job Summary
To effectively support the in developing strategies throughout the credit cycle including prospect targeting and acquisition, exposure management, customer marketing, collections, and recovery. This also includes ensuring successful score card deployment, implementation, and performance tracking, building, and tracking test cases, Sampling responsibility to ensure credit quality is maintained as well as Perform portfolio quality reviews.
To support the Head of Retail Credit risk in building monthly Scheme portfolio reports, forbearance reviews, limit reviews as well as annual reviews as and when required. Additionally lead the Macroeconomics section in the department by circulating highlights in the news affecting the portfolio, monthly economic reviews, sector analysis as well as competitor analysis on the retail credit risk portfolio.
Job Description
Main accountabilities and approximate time split
Accountability: Development of Risk Management Models (25%)
- Design and development of effective credit risk management models for the mobile lending product.
- Design and development of application and behavioural scorecards for different products/markets portfolio.
- Definition of a credit strategy for each portfolio to optimize portfolio profitability.
- Continuous research and testing to assure effectiveness of the credit risk models and tools.
Accountability: Execution and Maintenance of Risk Management Models (20%)
- Execution and maintenance of these credit risk models to optimize profit.
- Review and underwrite credit strategies that may require subjective input.
Accountability: Portfolio Monitoring (40%)
- Portfolio monitoring to identify trends and mitigation strategies to achieve target credit risk metrics.
- Define and manage a portfolio management strategy that assures compliance to performance metrics.
- Preparing monthly macro-economic reviews on the exchange rate, inflation, interest rates and other factors affecting the economic environment
- Carrying out regular competitor analysis with regard to products and financials
- Regularly updating the macro-economic library in view of the required Sectors intelligence and regulatory landscape
- Co-related portfolio performance and macro-economic environment
Accountability: Quality Assurance (15%)
- Contribution to the product development to assure quality is integrated to product design.
- Contribute to product and process design and development to build quality at design
- Contribute to Sales strategies to positively influence the target population and product uptake
Technical skills / Competencies
Education and experience required
- High level of PC literacy, ideally with experience in the use of SAS
- Ability to work on own initiative.
- Practical experience of using analytics to solve complex business problems.
- Able to present complex analytical concepts to all levels of the business
- Working to deadlines
- Personal organization
- Initiative
- Managing multiple tasks
- Communication (both verbal and written)
- Attention to detail
- Creative thinking and ability to explore new ideas/opportunities and develop innovative approaches
- Ability to draw out key messages and see patterns to identify future trends
Knowledge, Expertise and Experience
Essential
- Proven excellent presentation skills
- High analytical ability
- Proven experience in performing data analysis using a standard statistical package such as SAS (preferred) or SPSS.
- Communication and persuasion skills with the ability to think quickly and package ideas and results in a logical, understandable, and compelling way to both technical and non-technical audiences.
- Self-motivating team player who is able to define structure and prioritize work in order to complete assigned tasks on schedule in a timely and cost-effective manner.
Preferred
- A Bachelor’s degree in a maths/statistics/economics/ operations research related field
- Energetic and highly motivated
- Keen team player
- Ability to assimilate new information and quickly adapt to new environment.
- Self-starter who naturally assumes ownership of initiatives
- Passionate about data and how this contributes to business.
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