Credit Risk Acquisitions Manager

Absa Group; Johannesburg; On-site; ZAR 600,000 - 800,000; Full time

Job summary

Join a leading financial institution as a Risk Manager specializing in Retail Credit Risk. This role involves developing and monitoring underwriting strategies and ensuring compliance with industry regulations. Utilize your expertise in credit risk modeling and team leadership to contribute to the bank's growth. Ideal candidates will have a strong analytical background and extensive experience in risk management.

Qualifications

• At least five years credit risk experience required.
• B-degree or equivalent qualification is mandatory.
• Advanced skills in SAS and Excel preferred.

Responsibilities

• Monitor and report on underwriting risk performance.
• Manage policy and affordability rules according to regulations.
• Lead and develop the team to achieve business goals.

Skills

Credit Risk Modeling

SAS

Analytical skills

Communication

Project Management Skills

Mathematical Skills

Education

B-degree in risk management, statistical analysis, Actuarial Science, Maths, Statistics, Finance or equivalent NQF level 7 qualification

Tools

SAS

Advanced Excel

Job description

Empowering Africa’s tomorrow, together…one story at a time.

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 purpose of the role is to develop, implement and monitor the effectiveness of the Underwriting strategy for Retail Credit Risk. This includes usage of the most predictive risk models in determining risk and limit/loan size determinations within the portfolio’s risk appetite. Also including management of the policy rules and affordability assessments of new loans.

Job Description

Accountability: Monitor and Report on underwriting risk performance

• Monitor production levels along with their risk distribution and early risk performance.
• Monitor against the portfolio’s Risk appetite.

Accountability: Policy and Affordability rules

• Monitor performance on policy and affordability rules in line with regulation
• Regularly review the rules to ensure optimal risk management of the portfolio
• Align where possible all policy and affordability rules.

Accountability: People Management

• Ensure delivery of business goals by aligning Performance Development (PD) Plans of direct reports to the business goals.
• Instill a performance development culture through directing the PD process and adhering to the PD calendar.
• Pro-actively identify development areas of direct reports and compile development plans to address them.
• Attract and retain talent, with the assistance from the HR Business Partner. Interview and recruit new members of the team, including determining appropriate compensation levels with input from HR.
• Initiate disciplinary action process as and when required, with the assistance of the Employee Relations Consultant.
• Act as the first line of escalation for all grievances.
• Conduct monthly meetings with the team to address performance gaps.
• Effectively lead team members and ensure their efforts are recognized

Education and Experience

• Required B-degree in risk management, statistical analysis Actuarial Science, Maths, Statistics, Finance or equivalent NQF level 7 qualification
• At least five (5) years credit risk experience required
• SAS and Advanced Excel capabilities

Knowledge & Skills

• Credit Risk Modeling
• Underwriting strategy setting
• SAS
• Analytical skills
• Modelling skills
• Sound understanding of Financial and Management Accounting – Cost Allocation theories etc
• Communication, Networking and People skills
• Understanding of customer analytics and segmentation models
• Understanding of statistical models
• Understanding of Customer Experience processes and policies
• Management Skills
• Project Management Skills
• Mathematical Skills
• Ability to manage diversity and complexity

Education

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