Portfolio Manager VP (Wealth Credit) at Absa Group Limited (Absa)

Job Description

Impairments and Capital Forecasting:

• Ownership of impairment forecasting for the PWB credit portfolio, including Expected Credit Loss (ECL) projections under IFRS 9.
• Development and maintenance of forward‑looking portfolio scenarios, incorporating macroeconomic assumptions and stress outcomes.
• Active monitoring of actual versus forecast impairments and capital consumption, with clear articulation of drivers and emerging trends.
• Partnership with Finance to ensure alignment between risk forecasts, budgeting, and capital planning processes.

Risk Appetite Setting and Monitoring:

• Support the definition and calibration of portfolio specific risk appetite metrics aligned to Group and Wealth risk appetite statements.
• Ongoing monitoring of portfolio performance against approved limits, thresholds, and early warning indicators.
• Escalation of breaches or emerging risks with clear root cause analysis and recommended management actions.
• Contribution to governance forums through concise, insight driven portfolio reporting.

Credit Data and MI:

• Support current MI capability, consolidating fragmented data into a consistent and usable information to stakeholders
• Translate manual, disparate credit data into timely, decision‑ready portfolio insights for Credit, Risk, Finance, and Business forums.
• Shift reporting from descriptive, retrospective MI to forward‑looking, actionable analytics.
• Reduce reliance on manual data extraction, reconciliation, and ad‑hoc reporting.
• Enable faster, higher‑quality credit and portfolio decisions through clear, aligned MI outputs.

Strategic Portfolio Analytics:

• Development of advanced portfolio analytics to support strategy, including risk‑adjusted returns, concentration risk, and client‑level risk profiling.
• Identification of structural risks and opportunities within the portfolio to inform product design, pricing, and growth strategies.
• Support stress testing and scenario analysis to assess portfolio resilience under adverse conditions.
• Provision of decision support for strategic initiatives, including portfolio optimization and growth prioritization.
• Deliver insight‑led MI that explains portfolio behaviour, performance drivers, emerging risks, and concentrations.
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Education

• Bachelor Honours Degree: Accounting, Bachelor Honours Degree: Actuarial Science, Bachelor Honours Degree: Statistics