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
Responsible for leading and mentoring a team to develop acquisition strategies for Absa Vehicle and Asset Finance using data analysis and predictive modelling techniques. Monitor and influence the effectiveness of the end-to-end Credit Underwriting Strategy for CAF. This role will have a Juristic and Joint Venture partner focus.
Job Description
Accountability: Strategy Design and Analysis
- Develop and manage data driven strategies within the Commercial Asset Finance Risk team.
This includes the following actions:
- Design and development of data driven strategies within the Commercial Asset Finance Risk team.
- Sourcing, consolidating and analyzing large data sets, utilizing strong SAS skills and identifying anomalies/trends.
- Liaising with relevant stakeholders, including Sales, IT, Front end & Collections Operations, Finance and other Risk teams.
- Assist New Product Development with assessments related to product refinements.
- Identifying gaps in Acquisitions, Portfolio Management and Collections & Recoveries processes and strategies as well as providing solutions to closing the gaps/streamlining processes.
- Design, implement and monitor champion/challenger tests and analyze the test results in order to better understand customer sensitivity in a manner that allows for the long term strategy to be implemented.
- Presentation of analytical results and proposals to both technical and non-technical audiences, providing commentary as required.
- Your ability to display strategic risk experience as well as solid SAS/Data Analytics skills will serve you well in this role. A strong quantitative, statistics and/or actuarial background with a track record of running with an entire project from conceptualization, to extraction of data, to formulating strategies and subsequent impacts of implementation through to excellent stakeholder engagement and management will be an added advantage.
- Implementation and testing of credit policy enhancements in a live environment.
Accountability: MI and Communication
- Review and report strategy performance and trends to the Head of Credit: Commercial Asset Finance, Credit Risk Committee, Group Risk teams, and Product Teams.
- Produce strategy review documentation that shows the relevant performance of comparative acquisition and existing customer strategies.
- This needs to include approval rate, volume and risk related metrics.
- Communicate analytical results to both technical and non-technical audiences
- Work together with cross functional teams, which may be geographically dispersed, to deliver risk initiatives.
- Manage strategy sign-off 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 underwriting teams) to ensure strategies are working optimally.
- Ensure that all strategies comply with ABSA credit risk policies and framework.
Accountability: Customer Complaints Management
- Investigate and resolve all unresolved customer complaints that are escalated for final decisioning. Provide prompt and clear feedback to the source of the complaint. This needs to be done for both new acquisitions as well as existing customer’s complaints.
Education and Experience Required
- B Degree in Business or Mathematics or Statistics or Operational Research or Engineering or Risk Management or Finance or similar
- 3 years’ experience in credit risk analysis.
- 3 years’ experience in developing data driven analytical strategies in a financial service industry.
- 3 years SAS exposure/experience and appreciation (or other programming language).
- 3 years in depth knowledge of the credit tools and systems used.
- 5 years’ experience in Financial service industry.
- 5 years’ experience with Acquisitions, Existing Customer
- 5 years’ experience with credit sanctioning, including Assessment of Financial Statements of Juristic entities
- Extensive knowledge of the Companies Act and the NCA
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised
What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
