Head of Risk Measurement and Credit Analysis Employment Opportunity – ABSA Group (Formerly Barclays Bank UK)
Job Title: Head of Risk Measurement and Credit Analysis
Organisation: ABSA Group (Formerly Barclays Bank UK)
Duty Station: Kampala, Uganda
Reports to: Head, Wholesale Credit
About US:
Absa Group Limited, formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is an African based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. It is the majority shareholder of 11 banks spanning Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (two entities), Uganda and Zambia, with a further two representative offices in Namibia and Nigeria. It also has an international office in London, which opened in September 2018.
Key Duties and Responsibilities:
Credit Risk Measurement & Analytics (70%)
- Portfolio, Risk Appetite and Performance Management consistent with Business Strategy
- Responsible for the timely development and maintenance of accurate management information and the analysis of available information wholesale credit risk team hierarchy. Use this knowledge to shape and drive business strategy and inform strategic decisions.
- Prepare and coordinate Portfolio Quality Reviews, Board Risk Management Committee and Watch list and Impairment Debt presentations to facilitate a regular review of business-level portfolio MI and to ensure high-level oversight is maintained at both a Local and Central level.
- Work in partnership with Wholesale Credit risk leadership and other relevant stakeholders to develop plans (MTP/STP) with clear articulation of the planned credit risk position and a strategy commensurate with its delivery.
- Ensure sufficient dialogue between front office, product, finance and credit risk such that the performance of new business recruitment remains aligned with Medium Term Plan (MTP) aspirations.
- Support the stress testing activities including reporting to the regulators
- Utilise statistically based tools to drive process improvements and performance of the wholesale credit risk team. Work in collaboration with wholesale credit risk leadership to deliver improved productivity, turn-around times (TATs), quality of output and consequent improvement in service delivery.
- Establish, measure and review Concentration risk by identifying and aggregating obligor risks across these concentration parameters, and controlled by setting maximum concentration limits across obligors and portfolios.
- Identify and act on opportunities for synergies across the organisation. Drive cross-functional engagements to deliver process transformation. Ensure the right stakeholders are involved in the discussions to transform the identified processes.
- Work in collaboration with Wholesale Credit risk leadership to ensure that the overall portfolio is within the allocated risk appetite.
- Use management info to ensure all business system records are checked for accuracy and are up-to-date at all times.
- Collaborate with Head of Wholesale Credit to ensure team costs are handled within agreed budgets
Model Development, Implementation and Validation
- End-to-End Validation of approved models in collaboration with key stakeholders (internal/external)
- Ensure up-to-date local and global market and industry data on business processes is maintained, to aid in advising the business on best processes and model validation for adoption.
- Establish and maintain robust systems architecture, including IT systems, data gathering, data quality, process governance, data storage and data reporting methods is critical for effective credit risk management
Impairment Management & Reporting
- Adherence to Wholesale Impairment/IFRS requirements and forecasting guidelines and correct EWL categorisation, including the use of core impairment where the full position, in the short term is unclear. Any changes to the Impairment Allowances must be considered in accordance with the Group Impairment and Provisioning Policy
- Clear rationale set-out for potential impairment forecast, appropriate probability level, quarter forecast and clearly identified triggers to escalate potential impairment.
- The monthly submission of the country Impairment charge must be submitted to the relevant stakeholders within agreed business process timelines and in an accurate format.
- The monthly Forbearance submission must be completed and sent to the BS&R Central Team within agreed business process timelines and in an accurate format.
Design and review country impairment assumptions matrix in partnership with Business
- Support/Specialised Asset Management Team to ensure a consistent approach is used within the country for the assessment of the key subjective elements within the impairment calculation. The Matrix should be updated at least every 12 months with the updated version sent to the Business Support/Specialised Asset Management Central Team for sign off and agreement. The Matrix should reflect the current actual experience in terms of periods to realise, appropriate discounts etc.
Credit Sanctioning: 30%
- Exercise and ensure the highest standard of credit quality through the structure, sanctioning, monitoring and control of credit applications. Maintenance of these standards both personally and as part of the Corporate Credit Team.
- Perform control responsibilities in a reliable, robust and cost competitive manner
Qualifications, Skills and Experience:
- The ideal candidate for the ABSA Group Head of Risk Measurement and Credit Analysis job should hold an appropriate University with preference for at least a Bachelor degree in economics, business, statistics, econometrics, mathematics, actuarial science or other quantitative fields. Higher degree will be an advantage.
- At least five (5) years business analysis/business consulting experience or Master’s degree.
- Energetic and highly motivated
- Keen team player
- Ability to assimilate new information and quickly adapt new environment.
- Self-starter who naturally assumes ownership of initiatives
- Passionate about data analysis and how this contributes to the business
Competencies:
- Proficiency in development of statistically based tools to drive process improvements and performance of the wholesale credit risk team. Work in collaboration with wholesale credit risk leadership to deliver improved productivity, turn-around times (TATs), quality of output and consequent improvement in service delivery.
- Analytical and evaluation skills
- Business communication and interpersonal skills
- End-to-End validation of credit risk measurement models
- Management of Stakeholder Relationships
- Proficient in MS Office (Word, Excel, PowerPoint, Access and Outlook)
- Proven Wholesale Credit Risk Assessment Skills (Business, Financial and Lending Analysis) is an added advantage.
- Self-starter with excellent time management and planning skills.
Skills
- Proficient in MS Office (Word, Excel, PowerPoint, Access and Outlook)
- Is able and willing to challenge the status quo to champion radical innovations to drive and grow business performance.
- Is able to create an environment where new ideas and innovations are routinely generated.
- Ability to use concepts, models and other people’s ideas to generate true innovations.
- Ability to assess a test the practicality and impact of new ideas and innovations and question how these will make it easier to do business with us.
- Is able to take ownership of continuous improvement and put new ideas/innovations into practice.
- Ability to communicate effectively with highly diverse audiences, in a variety of situations. Should be able to create clarity and shared understanding, even where the situation or information is highly complex.
- Ability to build and develop strategically significant commercial and business relationships with key customers, partners and other key people and organizations.
- Understands local and global regulatory requirements and is aware of market environment & practices that may affect business performance, model quality or applicability.
- Understands strategic and financial concepts and models and is able to apply them to understand the drivers of business performance.
- Ability to understand and interpret what is happening and could happen in the economic, political and global financial services environments. Should be able to use this knowledge to shape and drive business strategy and inform strategic decisions.
- Ability to identify and act on opportunities for synergies across the organisation.
How to Apply:
All candidates who wish to join the ABSA Group in the aforementioned capacity should apply online at the link below.
: List of Current Job Vacancies / Opportunities in Uganda
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