Vacancies at Absa Bank Limited

Job Summary

To operate as a member of a Model Analytics Team with specific responsibility for: Specializing in post model development analytics, ongoing Performance Assessments (OPA), Annual Model Reviews (AMR), Risk Reporting, model risk management and Stress Testing.

Job Description

Key accountabilities:

General;

• Interact with business managers to analyze and interpret business needs.
• Research, compile, analyze, interpret, and prepare data on economic conditions in Kenya.
• Review and analyze economic data to prepare reports detailing results of performed research on Absa risk appetite.
• Conduct surveys for determining and analyzing sectoral performance in a structured and triangulated manner.
• Identify economic indicators in respect to trends of the national and economic sector developments, eventually developing economic forecasts using econometric techniques.
• Drive enterprise risk analytics and develop KRIs that focus on the impact of principal risks on risk levels and performance.
• Development and improvement of risk reporting dashboards and risk report content in conjunction with the risk owners.
• Oversees and provides input to risk reporting timelines.
• Accurate and timely preparation of risk management reports i.e., Board Audit and Risk Reports, Portfolio Quality Reviews, Executive Risk Committee, Monthly Risk Review and ALCO Pack.
• Automation of Risk Reports in Tableau, SSRS, Power BI.
• Preparation of Committee minutes and tracking actions from committee meeting to ensure closure.
• Performs related work as assigned.

Model Analytics;

• Involved in Risk Appetite setting process, calibrating appetite limits, active monitoring, and reporting.
• Stress testing and ICAAP assessments.
• Participate in implementation of the GMRP, standards and procedures.
• Support the maintenance the Group Model Database.
• Qualitative reviews of model development and quantitative review of model performance.
• Develop and implement methodologies, algorithms and diagnostic tools for testing model robustness, stability, reliability, performance, and quality control of modelling data.
• Conduct on-going model performance analysis.
• Provide comprehensive interpretations, explanations, and conclusions.
• Work with partners to resolve model issues.
• Enhance efficiency and effectiveness of implementation of post model development analytics.
• Automate and consolidate ongoing model analysis and the annual model review process across different models.
• Support various tasks in response to regulatory and internal risk management requirements.

Risk Reporting and Stress testing;

• Participate in developing methodologies, algorithms and diagnostic tools for testing model robustness, stability, and performance for the following risk stripes;

Market Risk Analytics;

• Analysis for market risk models includes, but is not limited to, back testing and profit attribution analysis (PAA) on hypothetical portfolios for credit, FX, rates, and mortgage products.

Counterparty Credit Risk;

• Understand models (pricing model and simulation model) and the model usages in various applications (CCR capital requirement calculation under Basel III, accounting CVA and internal credit exposure limit monitoring).
• Understand systems, data flow, data definition and data requirement for various trading products. Utilize this knowledge to perform various analyses to meet risk managers and business needs.

Retail;

• Retail models include Basel, Risk Capital, Internal Stress Testing (GSST) and related models.

Foundational Risk & Reserves (FR&R);

• FR&R models include loss likelihood and severity methodologies and applications, including methodologies used for CECL and IFRS 9, as well as foundational measures of risk (PD, LGD, CCF).

Credit and Risk Rating Analytics (CRRA);

• CRRA model include one-year probability of default models.

Wholesale Credit Stress Testing (WCST);

• Includes CCAR and ICAAP models.
• Risk Capital Models.
• Global Systemic Stress Testing Models.
• Economic Forecasting.
• Deliver senior management reports as per the Risk Data aggregation and reporting framework.
• Provide insights to supporting Senior Executive’s analysis and commentary for Investor, Board of Directors, and other Senior Management reports.
• Participate in the preparation of detailed information and analysis to support reporting disclosures and earnings presentations.
• Produce and analyze monthly/quarterly/yearly reports for various internal and external stakeholders including Absa Group.

Education and experience required

• Bachelor’s degree in a business-related field e.g. accounting, business management, finance, economics etc.
• Advanced analytical skills.
• Communication and presentation skills.
• Inter-personal skills.
• 3+ years of experience in Risk, Credit, Finance, or other relevant professional experience.
• Experience in an analytical/quantitative role related to building models.
• Knowledge and understanding of regulatory models. (IFRS9 and Stress Testing)

Knowledge and skills

• Knowledge of the bank’s products and segments.
• Interpersonal, communication and presentation skills.
• Problem-solving and decision-making abilities.
• Planning and organization skills.
• Commercial awareness and the ability to understand broad business issues.
• Knowledge of statistical and data fetching techniques e.g., SQL querying and web scrapping.

Competencies

• Proactive approach to work, in terms of suggesting changes and improvements to processes and systems.
• Entrepreneurial and commercial thinking.
• Adapting and responding to change.
• Persuading and influencing.
• Creating and innovating.

Closing: 16 June 2022

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Job Summary

• The Job holder will be responsible for Product Management of the RBB Loan Portfolio. This includes and not limited to: product Innovation, product development, product portfolio management and customer value profiling with main objective of Growth, Returns and Transformation.
• Develop and execution of strategy to drive business performance objectives against key measures including and not limited to Market Share Growth, Revenue growth, Balance sheet growth, Capital optimization, Customer growth, Cost reduction and Process efficiency.
• Responsible for innovation, industry partnerships and execution that is future fit and resonates with customer needs. Market & product development focused on both short term and long-term sustainability including continuous assessments on new frontiers.
• Designing and execution of the product line annual plans to support the achievement of the objectives of the Absa Retail and Business Banking Strategy.
• Managing the customer life cycle management to optimise on revenue opportunities from new and existing portfolio including driving cost efficiency and balance sheet growth through data led initiatives.
• Responsible for enablers that drive quality sales while maintaining appropriate risk tolerance levels and customer experience.
• Awareness of the market and environment across various industries including non-bank entities and start-up disruptions.
• The role holder will provide technical product management expertise across loan cross functional areas including and not limited to Credit Risk, Collections & Recoveries, Credit Operations, Securities and Branch teams.
• Responsible to ensure a high NPS score through service support at the front and back end teams.
• Manage Product governance and review controls environments, Enterprise Risk Framework awareness, Audits programs, Product Critical Process (CPAs) and Regulatory adherence.

Job Description

Driving Business Performance/Business direction 40%

• Develop strategy to drive business performance objectives against key measures including and not limited to Market Share Growth, Revenue growth, Balance sheet growth, Capital optimization, Customer growth, Cost reduction and Process efficiency.
• Execute strategy to drive business performance objectives against key measures including and not limited to Market Share Growth, Revenue growth, Balance sheet growth, Capital optimization, Customer growth, Cost reduction and Process efficiency.
• Work with credit risk to drive growth in quality areas to ensure portfolio quality.
• Maximize revenues through use of internal and external data insights to drive propensity for product uptake.
• Work with the Function Head, Head of Product and Head of Loans to set the strategic direction for the product portfolio.
• Understand customer segmentation & customer needs and develop solutions to deliver the customer value propositions through ecosystem collaboration.
• Manage the action plans and activities to manage the specified product line performance and to improve product line profitability in line with customer segment objectives.
• Liaise with the country Retail & Business Banking Directors / Heads, Marketing & Country Product Managers to inform them of the product line strategy, positioning and implementation plans.

Driving Business Performance/Business direction 40%

• Develop strategy to drive business performance objectives against key measures including and not limited to Market Share Growth, Revenue growth, Balance sheet growth, Capital optimization, Customer growth, Cost reduction and Process efficiency.
• Execute strategy to drive business performance objectives against key measures including and not limited to Market Share Growth, Revenue growth, Balance sheet growth, Capital optimization, Customer growth, Cost reduction and Process efficiency.
• Work with credit risk to drive growth in quality areas to ensure portfolio quality.
• Maximize revenues through use of internal and external data insights to drive propensity for product uptake.
• Work with the Function Head, Head of Product and Head of Loans to set the strategic direction for the product portfolio.
• Understand customer segmentation & customer needs and develop solutions to deliver the customer value propositions through ecosystem collaboration.
• Manage the action plans and activities to manage the specified product line performance and to improve product line profitability in line with customer segment objectives.
• Liaise with the country Retail & Business Banking Directors / Heads, Marketing & Country Product Managers to inform them of the product line strategy, positioning and implementation plans.

Business Monitoring 30%

• Monitor performance and provide recommendation/s of Product Line against key measures including and not limited to Market Share Growth, Revenue growth, Balance sheet growth, Capital optimization, Customer growth, Cost reduction and Process efficiency.
• Awareness of the market, industry information to ensure Absa offering is maintained and appropriate recommendations are done to keep Absa ahead of competition.
• Ensure the country pricing decisions, product feature changes and new product development that have both financial and non-financial implications follow the correct governance process.
• Monitor end to end customer and colleague journey through review of process, Returned work and TAT reviews.
• Develop management information and reporting for both central and local use to support the analysis required for improved product line performance.

New Product Development/Amendments to existing products 25%

• Market & product development focused on both short term and long-term sustainability that is future fit including continuous assessments on new frontiers.
• Assist with the design of new products, product features and enhancements considering both customer needs and balancing business management. 
• Lead the product development process through utilizing a Research &Development (R&D) process for ideating, designing, prototyping and testing products.
• Facilitate planning workshops to produce detailed plans for each product development work stream including pre and post go live activities.
• Lead the development of the business case for new products/enhancements using country input, conduct/reputational risk, TCF principles, system and infrastructure plan, detailed operational risk assessment, and complete the financial model for product.
• Liaise with marketing to draft marketing plans and campaigns to support new products or product enhancements.
• Ensure adequate training is done for sales and service staff on the new product or product enhancements.
• Handover new product to BAU following process and undertake post implementation reviews.
• Implement governance, risk, compliance and control in line with Absa group policies.

Customer and Control Objectives (5%)

• Ensure Absa Data Privacy Policies are adhered to especially the dissemination of any customer information or other sensitive information.
• Ensure appropriate approvals are received prior to any customer communication or issuance of marketing material for both internal and external use.
• Ensure monthly monitoring of any assigned General Ledger accounts and highlight any anomalies with relevant stakeholders.
• Ensure appropriate governance on all pricing decisions.
• Ensure monthly competitor/market studies are held.
• Ensure appropriate approvals are held for any tariff changes.
• Ensure customer contracting documentation is updated with review from legal and compliance.
• Manage Product governance and review controls environments, Audits programs, Product Critical Process (CPAs) and Regulatory adherence.

Technical skills / Competencies

• Proven strategic business awareness and commercialization.
• Self-motivated, agile and results orientated with ability to work under minimal supervision and deliver under tight deadlines.
• Highly developed analytical skills, problem solving and planning abilities. Strong numerical skills for calculation of statistics, figures and targets and understanding of product profit drivers.
• Communication skills both written and oral.
• Strong team player, ability to motivate staff, sell new ideas, build and maintain key relationships, with the ability to influence and guide strategy at senior levels.
• Ability to deal at a detailed operational level.
• Excellent Stakeholder management.

Knowledge, Expertise and Experience

Essential

• Knowledge of industry banking and non-banking financial products and the manner in which systems support them.
• Understanding of product offerings in the wider financial services industry.
• Understanding of the importance of customer segmentation theory and practice.
• Understanding of legislation related to financial services and channel delivery.
• A detailed knowledge of product profit drivers, with proven experience of income and cost management
• Fully competent on Microsoft Office tools.

Preferred

• Understanding of relevant industry, advisory, regulatory and professional bodies
• Knowledge on credit risk drivers.
• Knowledge of Absa products and systems that support them, and a good understanding of Absa products.
• Knowledge of Absa Governance processes
• Exposure to management information systems and how to leverage this for product management

EXPERIENCE & QUALIFICATIONS

Essential

• A first degree in relevant field
• Strong Stakeholder management skills
• Strong Analytical skills
• Technical decision making skills
• Presentation Skills

Preferred

• Influencing and Negotiating Training
• Strategy and planning awareness and techniques

Closing: 15 June 2022