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
Measure, advise, report and forecast credit impairment provisions. This includes analyzing and liaising with key stakeholders (e.g. collections, finance, business, etc.) to drive financial performance such that losses are 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 the different budgeting periods, i.e. revised annual forecasts, short term plans (12 months) and medium term plans (60 months). Assist in setting collection targets (on and off balance sheet) in line with the budget. Analyse collections performance in line with risk appetite. Measure impacts of any credit policy change, including new and existing customer acquisition strategies as well as collections strategies. Calculate potential losses for once off risk events. Understanding of the accounting process and financial reporting (including disclosure reporting) Ad hoc analysis.

Stakeholder Management (20%):Liaise with various internal stakeholders (e.g. Risk Management, Credit Lending, Product Head, Collections, BU Finance) to convey impairment numbers and portfolio performance, the impact of model and other once off policy changes / events to these numbers, emerging risks, sign off impairment budgets, etc. Analyze and report impairment performance and trends to the CRO and senior stakeholders.

Analysis and Reporting (30%):Compile reports in line with the reporting requirements and portfolio measures for the product Risk Management team through the Absa committee structures Ensure monthly Portfolio Performance Reports (with commentary) are completed in accordance with the agreed deadlines and required standards Ensure the development of MI as required. Produce monthly account level impairment data and reports. Produce reports related to industry impairments to track performance relative to the market and to support risk appetite discussions.

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