Credit Risk Analyst - Johannesburg, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

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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 purpose of the role is to support the credit risk process through carrying out comprehensive and quality credit risk functions within the credit lifecycle to create shared growth within the boundaries of internal policies and external regulations.

Join the VAF within Absa RBB where you will be responsible for developing Retail Credit Risk Pricing strategies by using data analysis and predictive modelling techniques.

You will in In addition be responsible for developing, monitoring and tracking management information (MI) of strategies and developing reports to highlight trends to management within the Portfolio.

Job Description:

Risk Management:

To conduct quality credit risk assessments and reviews
Proactively manage credit risks associated with clients
Develop data driven strategies, facilitate the credit sanctioning process to ensure responsible risk decisions

Data and Systems Management:

To produce and analyze relevant management information and insights management

Governance:

Ensure the bank's credit, philosophy and all relevant legislation is adhered to

Customer Management:

Investigate and resolve all escalated customer complaints

Strategy Design and Analysis

Develop data driven strategies within the VAF team.

This includes the following actions:

Liaise with the relevant stakeholders in order to identify and select an appropriate data sample (for example, the target market) for strategy design.
Source data on, for example overall performance and point in time status on customer's accounts/credit history, from various data sources within the ABSA domain as well as external organisations (i.e. Credit Bureaux) using Statistical Analysis Software (SAS) as well as database query tools.
Consolidate the data in a logical manner such that it is analytical ready for SAS.
Identify any data anomalies/trends and investigate possible causes for these. If necessary, suggest possible remedies for these anomalies to the portfolio's Management Team.
Develop several alternative profitability strategies based on an analysis of the data and risk criteria available.
Produce a detailed report the VAF and portfolio Management Team on the strategy design which needs to include the following:
Indicate the data sample used, possible data exclusions and the reasons of the exclusions
Document the strategy design methodology in such a manner that it is transparent and understandable to technical as well as a non technical audience.
Document possible alternative strategies and their impact on the business (i.e. champion/challenger).
Obtain buyin from all stakeholders (e.g. VAF and portfolio Management Teams) by communicating the strategy verbally to both technical and nontechnical audience.
Present the strategy within the VAFmonthly meeting to ABSA Internal and Barclays stakeholders
Liaise with the VAF capability team to ensure that the strategy is correctly implemented and that the timelines are within acceptable standards.
Execute unit testing (if required) to ensure that the proposed strategy is correctly implemented in the credit scoring systems
Continually benchmark current strategies against mandated risk criteria as well as industry standard and best practice benchmarks
Secure approval from relevant governance structures. This includes signoff control processes

MI Production

Produce and analyse monthly MI, to provide insightful commentary to support the data that details areas of potential concern and develop remedial action plans to address the issues. Produce strategy review documentation that shows the relevant performance of comparative acquisition and existing customer strategies. This needs to include profit, volume and risk related metrics.
Produce adhoc analysis reports on the specific credit, campaign or collections issues this would include detailed investigations into
Possible problem areas within the VAF credit risk portfolio.
Communicate with the members of the respective Strategic Business Units (SBUs), Group functions and Management Committees on an ongoing basis to ensure the speedy adoption of strategy development and revisions
Communicate analytical results to both technical and nontechnical audiences
Work together with cross functional teams, which may be geographically dispersed, to deliver credit risk initiatives
Manage strategy signoff process to ensure that all stakeholders are informed of proposed strategy changes and benefit/impact of these changes to the business.
Liaise with operational areas (for example, inbound call centre managers and the manual risk underwri