Senior Manager: Portfolio Management and Credit Impairments

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Job Summary

To provide complex specialist advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist risk product expertise.

Job Description

The Senior Manager Portfolio Management and Credit Impairments bears responsibility for overseeing the risk performance specifically related to the IFRS9 credit risk reporting requirements for Business Banking.

Accountability: Impairment Reporting

• Ensure accurate and timely impairment provisioning across portfolios , including journal entries are posted on time.
• Review monthly reconciliations and oversee the review of exception reports to maintain data integrity.
• Preparation, review, management and communication of IFRS 9 monthly impairments to various stakeholders.
• Engage with internal and external auditors on IFRS9 financial reporting requirements.
• Adhere to Risk Data Aggregation and Risk Data Reporting (RDARR).

 

Accountability: Credit Portfolio Management

• Oversee and/or provide input into all risk-related reporting to Executives, Group Credit Risk Committee, Group Credit Impairment Committee and External Stakeholders as and when required.
• Ensure that the quality and narrative in credit reports are of a high standard with data accuracy and meaningful interpretation of paramount importance.
• Develop measures to monitor, analyze and aggregate BB risk performance across products making it possible to pinpoint unexpected trends proactively.
• Collaborate with the credit risk management team to develop risk mitigation strategies and ensure compliance with internal policies and regulatory requirements.

 

Accountability: Business Planning and Forecasting

• Contribute to the development of the annual business plan and budget for Business Banking, providing insights and recommendations based on credit risk management analysis.
• Forecast and monitor key financial metrics (e.g. credit loss rates, coverage ratios, etc.) to support strategic decision-making.
• Challenge forecasting of credit losses against trends and economic outlook.
• Conduct sensitivity analysis and scenario planning to assess the impact of external factors, market conditions, and regulatory changes on the Business Banking portfolio.
• Collaborate and challenge the Group Risk management team to run required stress testing.
• Prepare peer analysis reports to provide insights into Business Banking’s performance.

 

Accountability: People Management

• Lead the people agenda across the function, focusing on diversity and inclusion, performance management, talent and succession management, skills retention, and colleague development.
• Build a high-performance team culture underpinned by strong employee engagement and retention.
• Embed a multi-year view of succession talent management and create opportunities through rotation and mentoring.

 

Accountability: BB Risk Strategy

• Participate in Group forums to establish and maintain networks and partnerships, keep abreast of developments, and actively shape developments to enable the achievement of organisational objectives.
• Actively participate in clearly articulating and embedding a risk culture that ensures resilience across the function.
• Ensure compliance with policies, procedures, and regulations, and align with the assurance plan.
• Develop delivery plans, formulate associated practices, and ensure operational implementation and adoption of credit risk management methodology, practice, governance, and delivery objectives.

Education and experience required

• Minimum B-degree/Honours in Accounting, Charted Accountant require
• Minimum 2 years in a management role in a risk or finance function
• Minimum 8 years in credit risk data and financial reporting function
• Quantitative and analytical thinking
• Knowledge of Credit Risk and Banking Products
• Knowledge of and working experience with  IFRS9)

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