CVM: Credit Risk Analyst

Absa Group; South Africa; On-site; ZAR 300,000 - 450,000; Full time

Job summary

Absa Group is seeking an expert in credit impairment analysis to support financial performance within risk parameters. The successful candidate will manage impairment calculations, engage with stakeholders, and produce essential financial reports for decision-making. A Bachelor's degree in Business or related fields is required, as well as a strong foundation in analytical and stakeholder management skills. This position offers an opportunity to contribute to a prominent African financial organization while enhancing your career in banking.

Qualifications

• Must have analytical skills for measuring and forecasting credit impairment.
• Experience in liaising with internal stakeholders required.
• Ability to compile financial reports and manage data analysis.

Responsibilities

• Analyze monthly impairment numbers and understand impairment drivers.
• Liaise with internal teams and report trends to senior management.
• Compile reports and complete monthly performance commentary by deadlines.

Skills

Analytical skills

Financial reporting

Stakeholder management

Risk analysis

Education

Bachelor's Degrees and Advanced Diplomas in Business, Commerce, or Management Studies

Job description

Time left to apply: End Date: July 28, 2025 (3 days left to apply)

Job requisition id: R-15977697

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

With over 100 years of rich history and 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

Measure, advise, report, and forecast credit impairment provisions. This includes analyzing and liaising with key stakeholders (e.g., collections, finance, business) to drive financial performance within risk appetite.

Key Accountabilities

Outputs to deliver against the purpose (50%):

• Analyze and measure monthly impairment numbers
• Understand impairment drivers
• Forecast credit impairment provisions for various budgeting periods, including revised annual forecasts, short-term plans (12 months), and medium-term plans (60 months)
• Assist in setting collection targets aligned with the budget
• Analyze collections performance in line with risk appetite
• Assess impacts of credit policy changes, including new and existing customer acquisition and collection strategies
• Calculate potential losses from one-off risk events
• Understand accounting processes and financial reporting, including disclosures
• Perform ad hoc analysis

Stakeholder Management (20%):

• Liaise with internal stakeholders (e.g., Risk Management, Credit Lending, Product Head, Collections, BU Finance) to communicate impairment numbers, portfolio performance, model impacts, policy changes, emerging risks, and impairment budget approvals
• Report impairment performance and trends to the CRO and senior management

Analysis and Reporting (30%):

• Compile reports according to requirements for the Risk Management team via committee structures
• Complete monthly Portfolio Performance Reports with commentary by deadlines
• Develop Management Information (MI) as needed
• Produce monthly impairment data and reports at the account level
• Generate industry impairment reports to compare performance and support risk appetite discussions

Education

Bachelor's Degrees and Advanced Diplomas in Business, Commerce, or Management Studies (Required)

Absa Bank Limited is an equal opportunity employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups to promote demographic diversity.

Absa Bank Limited reserves the right not to fill the position as advertised.

Time left to apply: End Date: July 25, 2025 (16 hours left to apply)

About Us

Absa Group Limited is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups.

Absa offers a broad range of financial products and services across personal and business banking, corporate and investment banking, wealth and investment management, and insurance.

Absa has majority stakes in banks across several African countries and operations in China, Namibia, Nigeria, the UK, and the US, along with technology support teams in the Czech Republic.