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ABSA Group Limited Jobs 2024
We are a diversified standalone
African financial services group, delivering an integrated set of
products and services across personal and business banking, corporate
and investment banking, wealth, investment management and insurance.
Group Limited is listed on the JSE and is one of Africa’s largest
diversified financial services groups with a presence in 12 countries
across the continent and around 41 000 employees.
is listed on the JSE and is one of Africa’s largest diversified
financial services groups with a presence in 12 countries across the
continent and around 41 000 employees.
We
own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius,
Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in
Tanzania and National Bank of Commerce), Uganda and Zambia. We also have
representative offices in Namibia and Nigeria, as well as insurance
operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and
Zambia.
Head of Analytics, Models and Impairment
Head of Analytics, Models and Impairment at ABSA Bank Limited November 2024
- locations Absa House – ABT
- time type Full time
- job requisition id R-15969609
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.
My Career Development Portal:
Wherever you are in your career, we are here for you. Design your
future. Discover leading-edge guidance, tools and support to unlock your
potential. You are Absa. You are possibility.
Job Summary
The key to a strong retail business is the quality of its portfolio. The
credit team is the gatekeeper for the business and is responsible for
the full customer life cycle from the initial lending decision, to the
growth of the lending relationship. The team combines local knowledge,
industry best practices and analytical mindsets to develop policies and
strategies that allow the business to deliver best results in the
industry.
Job Description
Function Purpose
The key to a strong retail business is the
quality of its portfolio. The credit team is the gatekeeper for the
business and is responsible for the full customer life cycle from the
initial lending decision, to the growth of the lending relationship. The
team combines local knowledge, industry best practices and analytical
mindsets to develop policies and strategies that allow the business to
deliver best results in the industry.
Job Purpose
To
lead the Analytics function and take primary accountability ensuring
that analytical solutions/monitoring packs, MI, models, profitability
measurement and Impairments are managed effectively, aligned to process
compliance as per policy guidelines.
Ensure Group reporting
deadlines are adhered to Manage development of MI required for key
committees within country Assess portfolio profitability, growth and
risks on an ongoing basis Participate in forecasting and provide
analysis required to make informed decisions Liaise, co-ordinate and
provide various inputs and responses, as required, on impairments,
forecasting, MI and analytics to stakeholders Establish and maintain
effective working relationship with key stakeholders across business
Main accountabilities and approximate time split
MI & Analytics Time split%: 50%
Manage
consistent and timely delivery of analytics support to minimise losses
and maximise profits through Trend Analysis, Impairment Analysis,
Account management analysis, Profitability analysis, Stress testing,
Fraud analytics, Collections strategies and loss reduction strategies
Identify opportunities to reduce loss, enhance revenue by building new
rules & strategies, collection strategies, cross sell, up sell
models Identify new opportunities for enhancing, streamlining services
through use of advanced analytics, automation and optimization Use of
statistical tools and techniques such as – forecasting, segmentation,
predictive analytics etc. Evaluate projects from a business perspective
and showcase analytics value add across projects and different forums
Models Time split%: 30%
Ensure
that all relevant models are understood and input into its development
are provided Participate, review and challenge in the working day
meetings to establish month end impairments forecasts and understand
impairment drivers Ensure all modeling issues are pro-actively
identified and addressed by regularly engaging with relevant
stakeholders, for instance if model inputs appears to be missing or
inaccurate, this need to be addressed and communicated to stakeholders
Manage the monthly impairment processes ensuring that adequate controls
are maintained over impairments Ensure that models are appropriate for
the business use and that they are monitored and tracked as per policy
Leadership Time split%: 20%
Develop
a highly motivated team of credit analysts maintaining excellent
relationships within own team and wider business to ensure achievement
of business goals. Consider the training and development needs of the
team and support the development and implementation of solutions. Ensure
effective performance development and succession planning for the team.
Encourage frequent knowledge sharing between team members Conduct
quarterly PD discussions with team members according to PD guidelines
Interview and recruit new members of the team, including determining
appropriate compensation levels with input from Human Resource. Address
poor performance of any team member through a formal development
programme and ensure that continued poor performance is appropriately
dealt with. Motivate team members and ensure that their efforts are
recognized.
Risk and Controls Objectives
Manage risk
and control effectively by applying applicable risk frameworks and
embedding a positive risk culture Understanding of own role in the end
to end processes in which you play a part, including applicable risks
and controls. Adhere to Absa’s policies and procedures applicable to own
role, demonstrating sound judgment and responsible risk management.
Report all risk events / incidents / issues using the defined process
for your business area and help to understand why these happened and how
to prevent them in future. Proactively look for ways to improve the
control environment by considering what could go wrong in the processes
you operate and how errors could be prevented. All mandatory training
completed to deadline
Technical skills / Competencies
Qualifications
- Accounting
Concepts & Principles Risk Detection and Monitoring Analytics and
Modeling Knowledge of SAS, SQL and other statistical programming
languages Knowledge of Operating Systems (Windows 98/95/2000/NT)
Statistical background and skills Highly analytical mindset Graduate in
mathematics/statistics/economics/computer science
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Knowledge, Expertise and Experience
- Business
Process Management Develop customer (internal/ external) orientation
Relationship Management Financial Services Knowledge Absa Knowledge
Flexibility & Adaptability Innovative Approach Teamwork Result
Orientation Problem Solving Decision Making Verbal Communication Written
Communication Systems Knowledge
Absa Values
Absa’s
Values and Behaviors represent the set of standards which governs the
actions of all of us who work for the bank and against which the
performance of every one of us in Absa are being assessed and rewarded:
- Trust
- Resourceful
- Stewardship
- Inclusive
- Courage
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.
