WebsiteCA Finance Africa Recruitment
Reference No. RSB
Reference Number: RSB
A leading Financial Services & Insurance provider in South Africa has an exciting opportunity for a Retail Credit IFRS9 analyst to be based in Cape Town. This individual will be responsible for supporting the Banking businesses in Credit Management across all Retail – lending businesses.
The role is a specialist role offering a challenging blend of governance, technical understanding, relationship building, influencing and execution coupled with opportunities to travel in Africa. The incumbent is individually accountable for achieving results through the efforts of others and establishing a suitable reporting framework for the banking businesses.
Key responsibilities will include amongst others the following:
- Establish fit for purpose portfolio management capability:
- Reviewing financial results to measure performance against strategy for retail lending businesses
- Trend analysis in overall credit portfolios (individual entities as well as consolidated view)
- Establish credit analytics and reporting to drive optimisation including:
- Better collection and recovery analytics to drive decision making and influence credit operations
- Building up data to form the foundation for credit scoring in the future
- Build additional analytics to track debt recovery units
- Ensure Credit Business Units operate a sound credit granting process by:
- Performing an independent assessment of the credit-granting and management functions.
- Review assessment of risk profile and in aggregate by business unit and collectively.
- Input into establishing overall exposure limits, including counterparty, industry, sector, geography and product by business unit and collectively.
- Develop clear understanding of decision authority and limits within the lending business.
- Developing strict limits for loans to related companies/individuals.
- Administer an appropriate credit measurement and monitoring process
- NPL and book performance oversight;
- Analyse trends in product and customer vintages over time
- Review reports on current payment delinquencies and/or collections
- Understand internal risk rating system(s) and seek to standardise over time
- Understand how concentrations could arise across the credit book, including single counterparty, groups of connected parties, industry or sector, geographical region, maturity profile, etc.
- Ensuring adequate controls over Credit processes
- Review of individual credits as well as quality of the relevant credit portfolios, including: Credit administration processes, accuracy of internal ratings, Monitoring of line 1 reports on adherence to exposure limits, breaches, etc.
- Review of GIA reports on credit risk processes, ensure action taken to address all adverse audit findings and ensure adherence to policies.
- Assist with Regulatory Reporting and model validation
- Assess internal ratings and/or credit risk models
- Prudential exposure limit review (single borrowers or groups of connected parties)
- Oversight of capital requirements on Basel basis.
- Review and monitor IFRS9 impairment models and results
- Continued oversight of the monthly in country impairment calculations
- Assistance in embedding IFRS9 processes and up skilling the countries
- Enhancement of the IFRS9 models and methodologies to make the provisioning more refines and accurate to reduce charge
- Automation of the IFRS9 process and models to speed up monthly processes to create headroom to do more analysis and to close control gaps raised in model validation exercise
Requirements: Qualification and Skill
- CA, CFA, Actuarial or Tertiary Qualification with an analytic background, such as Business Science, Accounting, Mathematics/Statistical or Engineering
- At least 5 years work experience in a credit risk environment.
- Banking credit risk management / oversight experience a distinct advantage
- Good understanding of credit risk concepts such as: Economic capital, Expected Loss, PD’s and LGD.
- Working knowledge of regulatory capital methodologies such as Basel II/III. This includes both the technical aspects and the general rules and interpretations.
- Understand the drives of credit risk across diverse retail portfolios such as personal lending, unsecured lending, mortgages, overdrafts, microfinance and business loans.
- Working knowledge of the main accounting requirements and models supporting loan loss impairments methodologies (IFRS9)