Senior Credit Analyst (VP): Pan-Africa CIB (Financial Institutions)
About the job
Empowering Africa’s tomorrow, together…one story at a time.
With a rich history spanning over a century and a solid position as a local bank with experience across the region and beyond, working with our family presents the chance to participate in this exciting growth adventure, reshaping our future and determining our fate as a proudly African business.
Job Summary
Being a subject matter expert on the FI credit portfolio, the main responsibilities of this Senior Credit Analyst role are to (1) autonomously manage a defined portfolio of CIB clients from a credit risk perspective and (2) serve as a mentor and trainer to other Credit Analysts in the team and stakeholders throughout the pan-African CIB franchise. Assessing the clients’ financial health within the portfolio, deal structuring, risk assessment across all CIB products (debt, markets/derivatives, trade finance, etc.), preparing comprehensive credit applications with particular recommendations, and presenting credit applications at various Credit Committees (such as the Group Credit Committee and CIB Credit Committees) are just a few of the responsibilities. Global financial institutions, such as banks, microfinance institutions, DFIs, supranational, structured special purpose vehicles, etc
The candidate must maintain commercially minded solutions while ensuring responsible and quantifiable risk-taking. Additionally, the candidate will collaborate with different Business Teams to achieve business enablement.
Working with all key stakeholders, including Heads of Credit in-country, Coverage Bankers, Trade Finance Teams, Treasury Teams, Global Markets Teams, Investment Banking Division Teams, and Risks Teams (Credit, Markets, Models Teams, etc.), the candidate will serve as a conduit for all credit-related matters on a defined portfolio of Financial Institutions clients against which Absa Group Ltd. (i.e., Absa SA and all ARO subsidiaries in Africa) has credit facilities.
Job Description
Accountability: Credit Risk Management:
- to assume responsibility for and control over work pertaining to credit risk on a specific portfolio of clients of financial institutions that Absa Group Ltd. has credit facilities secured against.
- The candidate will perform thorough and excellent credit risk duties. In order to foster shared growth, functions that span the credit lifecycle—such as granting, implementing, managing, restructuring, and impairment—are used. This is accomplished within the confines of corporate policies and external requirements through responsible risk management, which improves the decision-making process involved in the extension and management of credit risk.
- delivering an appraisal of the overall risk and composition of the portfolio to Senior Management on behalf of Credit in a number of committees.
- Examination of portfolio risk management strategies and their effects on market risk and portfolio credit metrics.
- Help create and deliver pertinent Monthly Risk MI, including analysis and comments, to Senior Management in Credit and other senior partners.
- Ensure that risk issues pertaining to the defined portfolio are comprehended and communicated clearly.
- Make technical papers and presentations that highlight the main risks for different credit committees and forums.
- Develop and maintain connections with important business partners on your own to take calculated risks while keeping an eye on the bottom line.
- In close collaboration with important partners, evaluate and enhance MI quality over time.
- Assist the management in implementing an effective governance framework for the Credit MIs that the team has produced.
creation of analytical tools to enhance comprehension and communication of risk concentrations and capital and risk drivers. - Enable the complete lending or restructuring procedure while maintaining accountability for quality and service.
- Assist in, or decide how to sanction credit while guaranteeing that choices about risk are done responsibly. The credit lifecycle encompasses a variety of credit tasks, such as portfolio management, risk grading,
- credit analysis, sanctioning, limit management, and restructuring.
- Keep and oversee the pertinent portfolio within the designated appetite ranges.
- must be an authority with a deep comprehension of the banking products, industries, and macroeconomic environment. possess a solid understanding of FI Products (Trade Finance, Treasury Products, Market Products), which include FX trades, interest rate swaps, total return swaps, bond trades, commodity trades, and equity trades, among others.
- Additionally, possess a solid understanding of the factors that mitigate PFE/pre-settlement and settlement risks, such as ISDA, CSAs, GMRAs, GMSLAs, CLS, and DvP.
- While managing the current operational environment, systems and procedures are reviewed and improved with an eye toward automation and efficiency.
- Investigate fresh approaches to lending or credit restructuring in order to guarantee more effective and superior end-to-end risk delivery.
Effectively inform all pertinent stakeholders of advances within your areas of action.
Accountability: Data and System Management
- Compile sensitivity analyses and portfolio evaluations.
- Create, bargain for, and put into action sensible risk-reduction plans.
to accurately maintain the data on pertinent risk systems and to generate pertinent management information and manage exposures. - Continuously check for compliance with policies and SLAs, and note any variations or potential issues.
- Keep an accurate due diligence record of the client portfolio, including information on the facilities they offer and the terms and conditions that go along with them.
- Recognize and control the necessary inputs into the bank’s models to guarantee their accuracy and validity.
- To guarantee early detection of changes in the client’s business or operating environment and to create a watchlist appropriately, track the client’s business performance and identify pertinent hazards.
- In order to provide an improved automated credit function, make proactive use of the systems and tools for credit risk that are available, and participate in the continuous development and feedback of these systems.
- Oversee the administrative and operational facets of the pertinent client portfolio, making sure that the data is accurate, legitimate, and full.
Accountability: Governance
- Verify adherence to the credit rules and philosophy of the bank.
- Verify that the legal standards pertinent to the credit lifecycle and the particular industry are understood and followed.
- Regulatory laws and the dynamic environment necessitate that one stays current on developments and their effects on capital adequacy and credit risk.
- Finalize the required compliance procedures and training needs as soon as possible.
Accountability: People management
- assistance in developing a culture of high performance among motivated people.
- Achieving the Risk Strategy is a representation of the proper values and behaviours.
- Participate completely, offering ideas on how to enhance risk delivery and management in ongoing initiatives.
- Build rapport with coworkers and foster a spirit of participation.
- Express worries or difficulties encountered in a pleasant and productive way.
- Establish and preserve relationships with experts in other Group domains.
- Accept and adjust to the variety and change present in the banking industry today.
- To guarantee that you are personally in line with the Credit Risk Strategy, show that you have what it takes to perform at the highest standards.
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)