Manager Risk Measurement

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Job Summary

The Impairment Manager is accountable for providing expert leadership, oversight and insight across impairment, and portfolio analytics. The role ensures the integrity, adequacy and explainability of IFRS 9 expected credit loss (ECL) outcomes, supports strategic decision making through forward looking analysis and forecasting, and plays a key role in model oversight, and governance within the Home Loans business.

Job Description

Key Accountabilities

Impairment and Portfolio Analytics

• Own and oversee impairment analytics for the Home Loans portfolio, ensuring robust understanding of balance sheet and income statement movements.
• Review collections performance, system impacts and key portfolio metrics to assess emerging risk, trends and structural shifts.
• Monitor and explain monthly movements in IFRS 9 provisions, overlays and capital impacts, ensuring provision adequacy remains within approved risk appetite.
• Provide clear analysis and executive‑level reporting on underlying drivers of portfolio performance and credit outcomes.
• Support portfolio management through proactive identification of risks, opportunities and corrective actions.

Forecasting, Stress Testing and Forward‑Looking Insight

• Perform and review impairment and capital forecasts, including:
  • Intra‑month forecasting
  • RAF, STP and MTP forecasts
• Play a key role in enterprise and business stress testing exercises, critically reviewing, challenging and interpreting model outputs.
• Translate macroeconomic scenarios and stress outcomes into clear business implications for Home Loans.

Strategic and Value‑Adding Projects

• Apply regulatory and accounting frameworks (IFRS 9 and internal risk standards) to inform business strategy and decision‑making.
• Initiate and drive portfolio analytics and insight to support strategic, pricing, acquisition and collections decisions.
• Deliver deep data analysis, trend insights and high‑quality reporting for both routine management and ad‑hoc executive requests.
• Contribute to cross‑portfolio or retail‑wide initiatives where impairment, capital or portfolio expertise is required.

Model Oversight, Data and Validation

• Provide effective first‑line challenge and oversight of IFRS 9 models (PD, LGD, EAD, ECL), including model performance, stability and appropriateness.
• Identify, analyse and drive resolution of modelling, implementation and data issues in collaboration with modelling, technology and data teams.
• Develop a deep understanding of source data, data flows and controls, and recommend solutions to data integrity or quality concerns.
• Support model governance processes, including validation, monitoring, documentation and change governance.
• Review model performance and recommend enhancements or recalibrations in response to portfolio behaviour or regulatory expectations.

Governance and Assurance

• Ensure impairment and portfolio analytics processes comply with internal policies, governance standards and regulatory requirements.
• Support internal and external audit processes, including preparation of documentation, responses and management actions.
• Escalate material portfolio risks, data issues or impairment concerns to senior stakeholders and relevant governance forums in a timely manner.

Stakeholder Management

• Act as a trusted impairment and portfolio risk partner to Credit, Finance, Collections, Modeling and senior management.
• Lead engagements with stakeholders to review portfolio performance, impairment outcomes and forecasts.
• Challenge established approaches constructively and drive continuous improvement in systems, processes and insight.
• Support risk appetite setting, monitoring and interpretation related to impairment and stress outcomes.

People and Capability Development

• Coach and develop team members in line with career objectives and business needs.
• Build impairment, IFRS 9 and portfolio analytics capability across the wider Home Loans risk and finance community through knowledge sharing and collaboration.

Key Competencies

• Strong judgement and structured decision‑making under uncertainty
• Ability to translate complex quantitative outputs into clear, actionable business insight
• Advanced analytical thinking with a high standard of data integrity and attention to detail
• Ability to operate effectively in a dynamic regulatory, economic and accounting environment
• Strong written, reporting, analysis and interpretation skills
• Collaborative, confident and constructive stakeholder engagement style
• Excellent planning, organisation and execution capability

Knowledge and Experience

• Strong practical knowledge of IFRS 9, PD, LGD, EAD and ECL models
• Proven experience in portfolio credit risk monitoring, impairment analysis and forecasting
• Experience in model oversight, validation, performance monitoring or model governance
• Ability to engage and influence senior stakeholders across risk, finance and business teams
• Minimum of 5 years’ experience in credit risk, impairment, analytics or a related role within financial services
• SAS and/or advanced analytical tooling experience will be advantageous

Qualifications

A tertiary qualification in one of the following disciplines:

• Actuarial Science
• Finance
• Mathematics
• Econometrics
• Engineering
• Statistics

An Honours or Master’s degree will be an advantage.

Education

Bachelor Honours Degree: Actuarial Science, Bachelor Honours Degree: BMI - Business Management and Informatics, Bachelor Honours Degree: Financial Economics, Bachelor Honours Degree: Statistics, Masters Degrees (coursework and research): Mathematics

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