Manager Portfolio Management - Johannesburg, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

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

The Manager Portfolio Management and Profitability is responsible for managing the portfolio of the Home Loans Business Unit.

This role involves analyzing the profitability, and risk associated with home loans products and portfolios.

The person plays a critical role in optimizing the value of the home loans business by identifying opportunities for growth, improving profitability, setting the risk appetite, challenging pricing strategies, monitoring risk and implementing other action to manage the overall performance of the Home Loans business.

Job Description:

Portfolio Performance Monitoring:
Understand the interaction between the macro environment and credit performance and adjust credit underwriting strategy within Risk Appetite accordingly based on macro expectations.-
Monitor the performance of the home loans portfolio, tracking key performance indicators (KPIs), such as pricing, margin, balance sheet growth, capital utilization, delinquency rates, default rates, and prepayment rates.-
Conduct regular portfolio reviews to assess the quality of assets, identify trends, and recommend actions to mitigate risks and enhance performance.-
Utilize data analytics and reporting tools to generate insights and actionable recommendations for portfolio optimization
Profitability Analysis:
Analyze the profitability of home loans business and portfolios, assessing revenue generation, capital utilization, costs, and associated risks.
Identify opportunities for revenue enhancement, risk reduction, cost optimization, and process efficiencies to improve overall profitability
Risk Management:
Assess and monitor risks associated with the home loans portfolio, including credit risk, interest rate risk, and market risk.
Develop the risk appetite and portfolio diversification to maintain a balanced risk profile
Challenge underwriting standards in order to improve profitability and sustainability.
Collaborate with the credit risk management team to develop risk mitigation strategies and ensure compliance with internal policies and regulatory requirements
Business Planning and Forecasting:
Contribute to the development of the annual business plan and budget for the home loans department, providing insights and recommendations based on value management analysis.
Forecast and monitor key financial metrics, capital utilization, loan margins and profitability to support strategic decisionmaking.
Challenge forecasting of credit losses against trends and economic outlook.
Conduct sensitivity analysis and scenario planning to assess the impact of external factors, market conditions, and regulatory changes on the home loans business.
Collaborate and challenge the risk management team to run required stress testing.
Financial modeling
Develop and maintain financial models to evaluate pricing strategies, product profitability, and return on investment (ROI).
Develop and maintain financial models to forecast key financial metrics, capital utilization, loan margins and profitability to support strategic decisionmaking.
Challenge the appropriateness and development of capital and impairment models.
Team development
Instil a performance development culture through directing the PD process and adhering to the PD calendar.
Proactively identify development areas of direct reports and compile development plans to address them