Head of Analytics, Models and Impairment Apply locations Absa House - ABT time type Full time posted on Posted 2 Days Ago time left to apply End Date: November 26, 2024 (3 days left to apply) job requisition id R-15969609
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 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.
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.
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.
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.
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.
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
Inclusion
Courage
Stewardship
Education
Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
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