The role involves calculating, analyzing, and reporting on the provisions and impairment coverage for retail products within Everyday Banking. This includes presenting the monthly impairment performance to different forums, analyzing variances against the plan, and assessing the impact of business initiatives on the impairment outlook. The role requires forecasting and planning, providing detailed explanations of the factors influencing provisions and management actions to stakeholders.

Job Description

Impairment and Portfolio Analytics

• Reporting of monthly impairment performance, providing rationale for variances compared against the plan
• Understand and communicate the drivers of the balance sheet and income statement provisions, and the monthly movements
• Analyse collections performance and assist in setting targets (on and off-balance sheet) in line with the budget
• Measure impacts of any credit policy change, including new and existing customer acquisition strategies as well as collections strategies
• Quantify potential losses for once off risk events
• Participate in the accounting and financial reporting process (including disclosure reporting)
• Initiate portfolio analytics to aid strategic business decision making
• Challenge established thinking to facilitate improvements in systems and processes

Forecasting and Planning

• Perform regular forecasting for impairments and capital including intra-month forecasting as well as RAF, STP and MTP
• Actively take part in Stress Testing exercises by reviewing and challenging model outputs

Reporting and Data Analysis

• Produce monthly account level impairment and capital data
• Ensure monthly Portfolio Performance Reports (with commentary) are completed in accordance with the agreed deadlines and required standards
• Develop reports related to industry impairments to track performance relative to the market and to support risk appetite discussions
• Provide in-depth data analysis to provide meaningful insights to be used in day-to-day decision-making processes

Stakeholder Management

• Liaise with various internal stakeholders (e.g., Risk Management, Credit Lending, Product Head, Collections, BU Finance) to convey impairment numbers and portfolio performance, impacts of model changes and emerging risks, sign off on impairment budgets, etc.
• Engage with audit and compliance as required

Education

• Bachelor’s degree or Honours in Accounting/Finance/Statistics/Risk Management or an NQF Level 6 or 7 equivalent
• 3 years’ experience in a credit risk environment.
• 3 years’ experience in developing data driven analytical strategies in a financial services company.
• 3 years’ experience in programming (SAS preferred).
• 3 years’ experience in using credit tools and systems.

Knowledge & Skills

• Credit Risk
• Innovation
• Problem solving
• Analytical skills (advanced)
• Effective communication
• Understanding of business strategy

Competencies

• Ability to work under pressure
• Delivering results and meeting customer expectations
• Coping with setbacks

Education

Bachelor’s Degree: BMI – Business Management and Informatics, Bachelor Honours Degree: Actuarial Science, Bachelor Honours Degree: Statistics (Required)