About Us

Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management, and insurance.


Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.


We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda, and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania, and Zambia.

JOB TITLE: Head of Analytics, Models and Impairment
Head of Analytics, Models and Impairment at ABSA Bank Limited, November 2024 Locations Absa House (ABT)
time type: Full time
job requisition id R-15969609
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.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools, and support to unlock your potential. You are Absa. You are a possibility.

Job Summary
The key to a strong retail business is the quality of its portfolio. The credit team is the gatekeeper for the business and is responsible for the full customer life cycle, from the initial lending decision to the growth of the lending relationship. The team combines local knowledge, industry best practices, and analytical mindsets to develop policies and strategies that allow the business to deliver the best results in the industry.

Job Description
Function Purpose
The key to a strong retail business is the quality of its portfolio. The credit team is the gatekeeper for the business and is responsible for the full customer life cycle, from the initial lending decision to the growth of the lending relationship. The team combines local knowledge, industry best practices, and analytical mindsets to develop policies and strategies that allow the business to deliver the best results in the industry.

Job Purpose
To lead the analytics function and take primary accountability, ensuring that analytical solutions/monitoring packs, MI, models, profitability measurement, and impairments are managed effectively, aligned to process compliance as per policy guidelines.

Ensure Group reporting deadlines are adhered to Manage development of MI required for key committees within country Assess portfolio profitability, growth and risks on an ongoing basis Participate in forecasting and provide analysis required to make informed decisions Liaise, co-ordinate and provide various inputs and responses, as required, on impairments, forecasting, MI and analytics to stakeholders Establish and maintain effective working relationship with key stakeholders across business

Main accountabilities and approximate time split
MI & Analytics Time split%: 50%
Manage consistent and timely delivery of analytics support to minimise losses and maximise profits through Trend Analysis, Impairment Analysis, Account management analysis, Profitability analysis, Stress testing, Fraud analytics, Collections strategies and loss reduction strategies Identify opportunities to reduce loss and enhance revenue by building new rules & strategies, collection strategies, cross-sell, and up-sell models Identify new opportunities for enhancing and streamlining services through use of advanced analytics, automation and optimization Use of statistical tools and techniques such as forecasting, segmentation, predictive analytics, etc. Evaluate projects from a business perspective and showcase analytics value added across projects and different forums

Models Time split%: 30%
Ensure that all relevant models are understood and input into its development is provided Participate, review and challenge in the working-day meetings to establish month-end impairments forecasts and understand impairment drivers Ensure all modeling issues are pro-actively identified and addressed by regularly engaging with relevant stakeholders; for instance, if model inputs appear to be missing or inaccurate, this need to be addressed and communicated to stakeholders Manage the monthly impairment processes, ensuring that adequate controls are maintained over impairments Ensure that models are appropriate for business use and that they are monitored and tracked as per policy

Leadership Time split%: 20%
Develop a highly motivated team of credit analysts, maintaining excellent relationships within their own team and wider business to ensure achievement of business goals. Consider the training and development needs of the team and support the development and implementation of solutions. Ensure effective performance development and succession planning for the team. Encourage frequent knowledge sharing between team members Conduct quarterly PD discussions with team members according to PD guidelines Interview and recruit new members of the team, including determining appropriate compensation levels with input from Human Resource. Address poor performance of any team member through a formal development programme and ensure that continued poor performance is appropriately dealt with. Motivate team members and ensure that their efforts are recognized.

Risk and Control Objectives
Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture Understanding of your own role in the end-to-end processes in which you play a part, including applicable risks and controls. Adhere to Absa’s policies and procedures applicable to your role, demonstrating sound judgement and responsible risk management. Report all risk events, incidents, and issues using the defined process for your business area and help to understand why these happened and how to prevent them in the future. Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented. All mandatory training completed to deadline

Technical skills and Competencies
Qualifications
  • Accounting Concepts & Principles Risk Detection and Monitoring Analytics and Modeling Knowledge of SAS, SQL and other statistical programming languages Knowledge of Operating Systems (Windows 98/95/2000/NT) Statistical background and skills Highly analytical mindset Graduate in mathematics/statistics/economics/computer science
  • Knowledge, Expertise and Experience
  • Business Process Management Develop customer (internal/external) orientation Relationship Management Financial Services Knowledge Absa Knowledge Flexibility & Adaptability Innovative Approach Teamwork Result Orientation Problem Solving Decision Making Verbal Communication Written Communication Systems Knowledge
Absa Values
Absa’s values and behaviours represent the set of standards that govern the actions of all of us who work for the bank and against which the performance of every one of us in Absa is being assessed and rewarded:
Trust
Resourceful
Stewardship
Inclusive
Courage
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 the 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.
Deadline: End Date: November 26, 2024
CLICK HERE TO APPLY