Senior Impairment Reporting Specialist- VP

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Job Summary

The Senior Impairment Reporting Specialist- VP role is accountable for:

•Management of impairments across Corporate and Investment Banking (CIB) South Africa, which includes monthly analysis and accurate reporting, communication to stakeholders within Credit, Finance and Front Office.

•Driving the continuous enhancement of impairment models by liaising with Model Development teams for IFRS9 models to understand as well as check and challenge model methodology.

•Annual planning cycles, which involves the compilation of impairment outlooks for base and stress scenarios as well as scenario specific sensitivity analysis across the portfolio.

•Stakeholder management across CIB and Group senior management.

•Driving efficiency and improvements within the team and greater CIB Credit Risk team.

Job Description

Accountability: Impairments

• Support Impairments Governance Forum including relevant and accurate reporting

• Support Credit Risk, Finance and Business stakeholders by communicating final impairment numbers monthly and answer/resolve impairment related queries.
• Assist in planning, co-ordinate and prioritize projects/initiatives within the environment and ensure regular feedback to stakeholders as well as status of projects are communicated.
• Ensure compliance to prescribed policy by liaising with policy team.
• Explain impairment methodologies to Internal and External Audit and different Business Units.
• Assist Chief Credit Officer for CIB and Group in their oversight responsibilities through coordinating aggregated reporting to the extent requested to do so.
• Generate timely and accurate impairment reporting, attending to impairment queries as and when they arise.

Accountability: Planning cycles (ad hoc and annual business as usual), as well as aiding in relation to specialized analytics to the extent requested by stakeholders

• As part of the budgeting process, assist with the compilation of base impairment forecasts, as well as stress tested figures, present such figures to CRO, Finance and Business for sign off and address any queries that may arise during the process.
• Liaise with the Stress Testing modelling team in an advisory capacity to ensure appropriate use of data and models to arrive at output that is suitable for intended purposes and is in line with expert judgement.
• Conducting impairment sensitivity analysis (where required) through engagements with Chief Credit Officer, Enterprise Risk Management and Credit Heads.

Accountability: Methodology and Projects

• If requested, act as a liaison between credit and the modelling team in relation to methodology questions/ understanding requirements that may from time to time arise (particularly in relation to the IFRS 9 models).
• If requested, participate/ drive (as may be appropriate) Credit related projects. Manage Ad-hoc queries from Credit, Finance and Business.

Accountability: Relationship & Stakeholder Management

• Liaise and engage with various internal Stakeholders (e.g. Credit Exco, Finance, Business and Technical Accounting Group) to secure their respective support in the implementation of impairment strategies.
• Secure support from Modelling Team, MI, CRAG, Business & Finance teams to deliver accurate and robust MI and Impairments (analysis and figures).

Accountability: Governance & Compliance

• Review the model outputs, MI and processes and provide reports to governance committees to ensure that activities and processes are compliant with the internal policies.
• Ensure that there is compliance with all internal policies and procedures in the team.

Education and Experience Required

• BCom, B.Sc. required in Finance/Risk/Statistics etc.
• Honours beneficial
• Professional qualification in either trading (CFA), accounting (CA) and/or risk (FRM) advantageous
• A minimum of 5+ years of experience in credit risk or investment banking essential

Knowledge & Skills: (Maximum of 6)

• Credit Risk Management for SME, Business Bank or Corporate clients
• Knowledge of (Advanced) Impairments
• Knowledge of (Solid) Relevant Impairment Modelling
• Quantitative and Analytical thinking (Advanced)
• Knowledge of (Solid) Relevant accounting standards
• Stakeholder Management Skills (Solid)
• Sound knowledge of Banking Credit

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