Credit Risk Analyst (VAF) - JHB at Absa Group Limited (Absa)

Job Description

Portfolio Performance Monitoring: 

• Understand the interaction between the macro environment and credit performance and adjust credit underwriting strategy within Risk Appetite accordingly based on macro expectations.
• Monitor the performance of the Vehicle and Asset Finance portfolio, tracking key performance indicators (KPIs), such as margin, balance sheet growth, capital utilisation, delinquency rates, default rates, and prepayment rates. 
• Conduct regular portfolio reviews to assess the quality of assets, identify trends, and recommend actions to mitigate risks and enhance performance. 
• Utilise data analytics and reporting tools to generate insights and actionable recommendations for portfolio optimisation. 

Profitability Analysis: 

• Analyse the profitability of Vehicle and Asset Finance business and portfolios, assessing revenue generation, capital utilisation, costs, and associated risks. 
• Identify opportunities for revenue enhancement, risk reduction, cost optimisation, and process efficiencies to improve overall profitability. 

Risk Management: 

• Assess and monitor risks associated with the Vehicle and Asset Finance portfolio, including credit risk, interest rate risk, and market risk. 
• Support the risk appetite and portfolio diversification to maintain a balanced risk profile  
• Challenge underwriting standards in order to improve profitability and sustainability. 
• Collaborate with the credit risk management team to develop risk mitigation strategies and ensure compliance with internal policies and regulatory requirements. 

Business Planning and Forecasting: 

• Challenge forecasting of credit losses against trends and economic outlook. 
• Collaborate and challenge the risk management team to run required stress testing. 

Education

• Bachelor's Degree: Mathematics (Required), Bachelor's Degree: Statistics