Jobs at Absa Group (2 Positions)

Job Description

Accountability: Model development (50%)

• Develop IFRS9 models in-house through sound methodologies and statistical analysis.
• Enhancing existing models already in place.
• Proficiency  in SAS coding essential
• Updating models to reflect latest forecasted macro-economic factors; and communicating this impact.
• Ensuring model build data are of sufficient quality, completing statistical data analysis and producing detailed model build documentation while conforming to the governance structures
• Ensure successful implementation of models by assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and with testing (comparing implementation results with documented model) to ensure the model is implemented correctly
• Develop theoretical understanding and practical application of models through model building and application experience.
• Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Absa Model Risk Policy. This includes responding to Independent Review questions and reworking the model build to include issues raised.
• Provide and detail appropriateness of models.
• Perform and report impact analysis, including that of model updates.
• Ensure model compliance with Absa Group governance standards by following and adhering to standards.
• Enhance model usage through strategy and policy recommendations to the Credit Risk team.

Accountability: Stakeholder management (25%):

• Actively engage stakeholders (model users, validation team, monitoring team, regulators) to be fully engaged in process and delivery through email discussions, group meetings and one-on-one discussions.
• Present impacts of model updates / model refreshes
• Generate appropriate challenge on model builds from around the cluster by discussing model build detail and ideas.
• Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions.
• Explaining methodologies and data feeds to external auditors.
• Develop and maintain relationships with relevant business units by understanding the business units' requirements and obtaining feedback.
• Contribute to the development of a high-performance culture.
• Participate in planning, resource allocation, training and team-building functions.

Accountability: Consultancy (10%)

• Compile trend analysis for "AS IS" and "TO BE" scenarios by statistically comparing different scenarios. Use these analyses to make recommendations around next steps or decisions to be taken.
• Support business forecasting and extrapolations by assisting in analyses as required by business.

Accountability: Governance and Adherence (10%)

• Provide general consultancy for credit risk matters within the cluster, including validation and challenge models.
• Ensure best practice modelling techniques are in place by liaising with other Absa SBU’s and consulting with strategy software suppliers.

Accountability: Continuous self-development and growth (5%)

• Stay abreast of knowledge and skills relevant to the level and area of work, and actively seek to attain those required for the next level of work.
• Improve corporate performance by considering influencing events, quantifying the impact on corporate performance and proactively finding solutions.
• Perform all other duties as reasonably assigned.

Education

• Bachelor Honours Degree: Actuarial Science, Bachelor Honours Degree: Applied Mathematics, Bachelor Honours Degree: BMI - Business Management and Informatics, Bachelor Honours Degree: Statistics (Required)

Location: Johannesburg, Sandton

Deadline: 28th, February 2022