Senior NBFI Credit Analyst - CIB

Senior NBFI Credit Analyst - CIB

Senior NBFI Credit Analyst - CIB

Apply remote type Hybrid locations Sandton time type Full time posted on Posted 2 Days Ago time left to apply End Date: January 31, 2025 (11 days left to apply) job requisition id R-15970943

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 provide complex specialist advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist risk product expertise. To support the Credit Head at a portfolio level to carry out comprehensive and quality credit risk functions (often specific to an industry, product, segment or geography) within the credit lifecycle (granting, implementing, managing, restructuring and impairment) to create shared growth. This is achieved through responsible risk management enhancing the decision-making process involved in the extension and management of credit risk within the boundaries of internal policies and external regulations. Experience in the Non-Banking Financial Institution clients is preferred in sectors comprising insurance companies, asset managers, private equity funds, collective investments schemes, retirement funds, medical aid schemes and stock brokers.

Job Description

Risk Management

• Providing Subject Matter Expertise to Risk types.
• Stakeholder Management: Build and Maintain effective Relationships with relevant stakeholders.
• Risk Reporting: Identify, assess and Report key risks arising from significant events, investigations, audit and control issues.
• People Management: Develop a high performing Team.
• Risk and Control: Adherence to Policies, Procedures and Regulations.

Risk Adjusted Management

• To conduct quality credit risk assessments and present commercially minded solutions through analysis of financial, industry and economic information in support of the decision-making process.
• Pro-actively manage credit risks associated with a portfolio of clients.
• Complete industry research and compile portfolio reviews and sensitivity analysis.
• Facilitate the end-to-end lending or restructuring process assuring responsibility for service and quality.
• Actively interact with the client service team giving credit input to ensure responsible risk taking whilst retaining commercially minded solutions.
• Facilitate / and or make the credit sanctioning decisions ensuring responsible risk decisions are made.
• Maintain and manage the relevant Risk portfolios within the defined appetite levels.
• Stakeholder engagement to ensure commercially minded solutions in the decision-making process at an agreed risk profile.
• Pro-actively manage the lending portfolios of the chosen sector or part of credit lifecycle and credit risks associated with a portfolio of clients.
• To be an expert with an advanced understanding of Macro economic environment, industries and Bank products with the associated risks.
• Review and enhancement of systems and processes with a view towards efficiency and automation whilst managing the current operational environment.
• Explore new, improved and alternative ways of lending or restructuring credit to ensure an efficient and improved end to end risk delivery.
• Build strong relationships with both global and local internal and external stakeholders.
• Effectively communicate developments within areas of activity to all relevant stakeholders.
• Ensure an efficient and timely risk delivery to clients.

Data and System Management

• Complete industry research and compile portfolio reviews and sensitivity analysis.
• Develop, negotiate and implement appropriate Risk mitigation strategies.
• To produce relevant management information and manage exposures including the accurate maintenance of the data on relevant risk systems.
• Monitor adherence of covenants and conditions on a continuous basis and identify any deviations and possible concerns.
• Create and maintain an accurate due diligence record of the client portfolio, detailing what facilities they have and the associated terms and conditions.
• Understand and manage the required inputs into the bank’s models ensuring validity and accuracy.
• Monitor the client business performance and identify relevant risks to ensure early identification of change in the client’s business or operating environment and watchlist accordingly.
• Proactively utilize the systems and tools available for Credit Risk and partake in the ongoing development and feedback of these systems to deliver and enhanced automated credit function.
• Manage all administrative and operational aspects of the relevant portfolio of clients ensuring completeness, accuracy and validity of data.

Governance

• Ensure that the Bank’s credit policies and philosophy are complied with.
• Ensure understanding and adherence to relevant Legal requirements relevant to the Credit Lifecycle and specific industry.
• Regulatory legislation and the changing environment require an up-to-date knowledge of changes and the impact on credit risk and capital adequacy.
• Complete the necessary training requirements and Compliance processes in a timely manner.

Stakeholder Engagement

• Support the credit heads in creating a high-performance culture of individuals who are engaged.
• Portraying the right values and behaviors are portrayed in the achievement of the Risk Strategy.
• Attend team meetings and contribute fully, including suggestions for ways of improving risk delivery and management through ongoing projects.
• Develop relationships with colleagues and create a sense of engagement.
• Communicate concerns or challenges faced in a constructive and positive manner.
• Develop and maintain contacts with Specialists in other areas of the Group.
• Embrace and adapt to the diversity and change within the current Banking environment.
• Demonstrate the willingness and ability to perform to the very best levels to ensure personal alignment to the Credit Risk Strategy.

Education and Experience

• B-degree in Business or Commerce (or similar)
• Relevant postgraduate qualification such as CA / CFA/ MBA and/or 3 to 5 years’ experience within a credit risk environment.

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

About Us

Absa Group Limited (“Absa Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups.

Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.