Credit Risk Analyst - Sandton, South Africa - Discovery Ltd.

Discovery Ltd.

Verified Company

Sandton, South Africa

2 weeks ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Business Unit:
Discovery Bank
Function:Banking
Date:21 Feb 2024
About Discovery

Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fastpaced and dynamic environment enables smart, selfdriven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
About Discovery Bank
Discovery Bank is a bank like no other a sharedvalue bank, designed with our clients in mind. We're all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If you're adaptable, a problemsolver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment that's safe and nurturing.
Job Purpose

The Credit Risk Collections team is responsible for the development and implementation of Collections Strategies, tracking and optimizing the strategies to make sure that they are relevant and effective.

The aim is to minimize credit losses by guiding the Collections activities in the Operations space through data and insights to make sure that the right treatment is given to the right customer, in turn making sure that the resources are optimally used.

Areas of responsibility may include but are not limited to

Collections Strategy Optimisation

Ensure that the strategies are executed as intended.
Contribute to enhancement based on review of existing strategies through indepth analytics to identify opportunities.
To make sure that Operations is focusing on the correct delinquent accounts.
Create and maintain forecast models for future bad rates.
Fulfil regular and adhoc business as usual processes

Operations Optimisation

Develop MI that enables an optimal measure of the Operations areas (including external vendors) by using scientific measures that drive high Collections yields.
Setting of targets and KPI's in line with Impairment budgets.
Use dataorientated approach to assist Operations with capacity planning

MI and Reporting

Prepare monthly performance review deck for senior management
Provide indepth analysis focused on unpacking any concerning trends observed and recommendations on the possible solutions
Run, maintain and automate all daily/weekly/monthly/ad hoc reports via dashboards or other userfriendly methods
Work closely with the credit risk management team on the implementation and scheduling of new reporting requirements
Preparing of Regulatory Reports
Adhoc reporting including data extraction and analysis.
Monitoring, improving & optimizing data assets & dashboards (eg. Power BI) as required by business

Stakeholder Engagements

Engage with IT on issues relating to system incidents, implementation of new strategies etc.
Engage with Operations and EDC's on Performance and guidance around where focus is required and capacity planning, and implementation of changes where required

Personal Attributes and Skills

Resourceful and tenacious
Selfmotivated
Focused on driving results
Detailoriented
Organised and process oriented; ability to multitask and manage time effectively
Ability to convey complex data in a concise understandable manner and distil the key messages
Strong problemsolving skills
Ability to work effectively across varying levels of Management and multidisciplinary teams
Good and clear written style.
Strong verbal and written reporting skills.
Quantitative/qualitative analytical skills

Education and Experience

Numerate degree (BSc, BCom, B Bus Sci, B Eng.)
Minimum 2 years' experience analytical experience on a consumer portfolio preferably within a Credit Risk Space
Programming capabilities in SAS / R / Python / VBA
Retail banking experience is preferred
Skilled in Microsoft products, particularly PowerPoint, Word, Excel and Access
EMPLOYMENT EQUITY

The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.