Junior Specialist Risk

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

To conduct and ensure quality credit management principles within a credit officials mandate level, based on the Absa Bank Credit Risk Model. To manage customers' accounts by ensuring the normalisation and rehabilitation of account management accounts during the early stage delinquency cycle. This end-to-end process requires collaboration with various Strategic Business Units (SBUs). The role has a strong Credit and Risk Management focus specialising in the account management process.

Experience Required:

The success of everyone at Absa is measured by our ability to put our customers at the center of everything we do. To achieve this you will need the following:

1. Manage and maintain the existing assigned workflow by being proactive via timeous actions, needs assessment and quality manual pay no pay decisions, limit increases, limit decreases, arrangements etc to ensure optimal account management of the assigned workflow whilst mitigating the risk.
2. Ensure quick and quality credit assessments for the cheque products are made for limit increases, decrease in customer limits where appropriate, through review of existing facilities in order to address the needs of the client whilst ensuring the outcome is aligned to the Banks risk appetite.
3. Resolve early-stage excess by assessing the customer risk, determining the reason for the excess and agreeing a solution with the customer. This could include agreeing a promise from the customer to pay, an increase, decrease in facility, adjusting debit orders and/or fees, or restructuring the facility where appropriate.
4. Leverage a portfolio view of the customer through collaboration with other Credit Lending departments as well as Retail Bank Collections, in order to take all things into account when making decisions discussed above.
5. Demonstrate good knowledge of all Retail products.
6. Where appropriate, interact with various SBU (CVM and the branch) and branch networks to help make informed decisions.
7. Ensure that the assessment includes a risk, financial and credit worthiness assessment and feedback to the SBU in terms of the quality of information received for the assessment of the application.
8. Be effective and efficient throughout the application of the assessment process by adhering to the developed policy and processes, adequately assessing risk whilst adhering to agreed turnaround times.
9. Utilise the system diary functions to effectively manage risk and prioritise the effective work of accounts to ensure that accounts are prevented from rolling into worse cycles of delinquency.
10. Manage and maintain the existing assigned workflow by utilising various collection tools and strategies provided, to identify and mitigate the risk in the portfolio.

Knowledge & Skills:

• Credit Risk Assessment / management in a financial environment
• Financial principle analysis
• Intermediate computer skills
• Customer Orientation Level
• Verbal and written communication
• Network ability
• The ability to adapt to continuous changes in the working environment
• Negotiation skills
• Assertiveness

Competencies:

• Deciding and initiating action
• Analysing
• Persuading and influencing
• Planning and organising
• Entrepreneurial and commercial thinking
• Following instructions and procedures
• Coping with pressure and setbacks
• Adapting and responding to change

Education:

NQF Level 5: 3-year National Diploma/Higher Certificate
3 to 5 years credit management experience
Previous mandate management experience preferred

Accountabilities:

Quality and Risk Assessment Outputs:

Manage and maintain the existing assigned workflow by being proactive via timeous actions, needs assessment and quality manual pay no pay decisions, limit increases, limit decreases, arrangements etc to ensure optimal account management of the assigned workflow whilst mitigating the risk.

Compliance and Processes Outputs:

Adhere to governance, regulatory and legislative requirements during execution of duties. Adhere to the ABSA general and credit specific policies, processes, manuals, circulars, and call scripts (where applicable) to minimise risk to the Bank.

Customer and Stakeholder Management Outputs:

Comply with all Service Level Agreements (SLA's) to ensure overall satisfactory service delivery to all SBU, Third Party Management (TPM), other Credit Lending departments and external clients.

Working together as a team Outputs:

Demonstrate the willingness and ability to perform to the best level to ensure personal alignment to ABSA's values and vision of a Higher Performing Organisation (HPO).

Equal Opportunity Employer Statement

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.