Job Description

Bring your possibility to life! Define your career with us





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 Valuation Risk Manager is responsible for overseeing the valuation risk management activities of the home loans risk department. The main duties of this role include:

• Developing and implementing valuation policies, procedures and standards for home loans products and portfolios
• Monitoring and reporting on valuation risk exposures, performance and compliance
• Conducting periodic reviews and validations of valuation models, methodologies and assumptions
• Providing guidance and support to valuation analysts and other stakeholders on valuation issues and best practices
• Collaborating with internal and external auditors, regulators and other risk functions on valuation matters

Accountability: Valuation risk management

• Act as the custodian of collateral risk, ensuring the security and accuracy of all collateral-related processes.
• Develop and implement frameworks, policies, and strategies related to collateral risk management.
• Optimize the valuation platform for efficient and accurate property valuations.
• Take ownership of valuation models and ensure their accuracy and relevance.
• Develop and enforce valuation rules to maintain consistency and integrity in the valuation process.
• Provide input from a collateral risk perspective in new development approvals, coordinating with policy, legal, compliance, and other relevant stakeholders.
• Contribute to achieving overall risk management objectives while supporting organizational growth initiatives.

Accountability: Stakeholder and Relationship Management

• Provide guidance and support to operational teams in matters related to property valuations and risk
• Address and resolve disputes related to out-of-policy valuation rules, which include replacement value disputes.
• Manage relationships with valuation suppliers and ensure compliance with standards.
• Represent Absa at industry forums to engage with stakeholders and stay informed about industry trends.

Accountability: People and Culture

• Builds and sustains a culture that aligns to the Home Loans Risk aspirational colleague experience
• Ensure delivery of business goals by aligning Performance Development (PD) Plans of direct reports to the business goals.
• Instil a performance development culture through directing the PD process and adhering to the PD calendar.
• Ensure delivery of business goals by managing and developing colleagues on a project-by-project basis to deliver on the desired business goals.

Accountability: Control

• Oversee general quality assurance processes and offer guidance on escalated valuation matters.
• Effectively manage costs related to valuation processes.

Education and experience required

• SACPVP accredited degrees or certificates.
• Registered as a Professional or Professional Associate Valuer without any restrictions relating to Mortgage Bond and security valuations.

Knowledge and skills:

• Adaptability: Adapting to changes in industry trends and staying informed about developments through industry forums.
• Problem Solving: Addressing and resolving disputes. Providing guidance and support to operational teams in matters related to property valuations and risk.
• Analytical thinking: Ability to analyze complex valuation and risk-related issues.
• Decision making: Capability to make informed decisions in line with organizational goals.
• Strategic vision: Understanding of the broader organizational strategy and how property risk management contributes to it.
• Continuous learning: Willingness to stay updated on industry trends and regulatory changes.

Competencies:

• A qualified valuer capable of performing valuations for all property types related to mortgage bonds or security valuations.
• Understanding of municipal bylaws and property-related legislation.

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