Portfolio Credit Analyst

The successful candidate will be responsible for:

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  Assist in tracking and monitoring key parameters for the Credit Risk Appetite Framework, including portfolio and counterparty limits.

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  Support the management of the portfolio stress testing process by conducting stress and scenario analysis of portfolio on a quarterly basis, as well as taking a leading role in the Credit Risk component of the annual ICAAP workflow.

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  Support computation and reporting in respect of Credit Risk capital in accordance with Basel requirements, as well as monitoring compliance with other relevant frameworks and regulatory guidance.

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  Assist in preparing and presenting management committee, Board committee and regulatory reports / MIS for the Credit function correctly and in a timely manner.

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  Daily monitoring of exposures at a client level and across various product pillars in conjunction with Credit Analysts.

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  Keeping track of all breaches noted on transactions. Escalating breaches to the appropriate sanctioning authority and proposing relevant corrective actions.

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  Expected Credit Loss - Management of the Bank’s ECL model to ensure compliance with IFRS 9 and relevant prudential requirements and including reporting and advising stakeholders; review past or anticipated changes in provisions.

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  Ensuring that compliance objectives are met, which include audit and regulatory inspection outcomes as per annually defined targets.

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  Work with internal and external auditors, as well as regulatory examiners, in review processes and address all issues.

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  Ensure that all data processed and reported to the Board is in accordance with the principles of BCBS 239.

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  Create and maintain automated processes that gather relevant data, ensure data accuracy, aggregate results, generate reports, and distribute results to relevant parties

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  Support the development, maintenance, and automation of statistical models that quantify/simulate various aspects of the portfolio, including profile of Gross Advances, Expected Credit Loss, Expected size of Non-performing/Write-Off portfolios, Credit Loss Ratios, and other defined parameters at any point in time.

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  Support periodic portfolio deep dives for industries/products/portfolios to test for macro shocks/emerging risks.

• Credit portfolio monitoring (endogenous/exogenous risks impacting the portfolio explained and remediation suggested).

• All periodic reporting (monthly, quarterly, annual) completed on time & circulated to the relevant stakeholders.

• Provisions and Credit Capital calculated & flagged to all stakeholders proactively.

• Forecasts and estimates back-tested to ensure accuracy and stability.

• Improve quality of credit risk data to support decisions.

• Client-facing Teams.

• Credit Department: Information sourcing/sharing, Transfer of skills (development).

• Risk & Compliance: Regulatory and Compliance oversight, reporting (including Operational and Climate Risk).

• Finance: Information sourcing/sharing.

• Legal Department: Legal services & advice.

• Head of Credit: Credit appetite setting, governance oversight, policy management & review.

• Internal Audit: Information provision for audit assurance exercises on credit policies & frameworks and the identification of potential risks (impact & scope).

• FirstRand Bank Central Credit and subsidiaries Credit Risk.   - Central Bank’s Supervision Departments (regulatory).

• Credit Bureaus

• Credit Rating Agencies

• Bachelor’s degree with a minimum qualification of Second-Class Upper division or equivalent.

• A relevant professional qualification within the accounting, finance, or risk management fields is desirable.

• At least 3 - 4 years’ experience in a relevant field.

• Attention to detail.

• Strategic thinking.

• Strong Analytical and Statistical skills.

• Basic Credit, Financial Analysis, and Modelling skills.

• Presentation [Word and PowerPoint] & Report writing skills.

• Good verbal communication and presentation skills.

• Take responsibility for actions, projects and people. Able to take initiative and work in their own direction.

• Initiates and generates activity and introduces value-adding improvements into work processes and is able to make quick, clear decisions considering risks.

• Basic understanding of Portfolio Management,

• Ability to work with data, discern complex underlying relationships, and predict patterns to support recommendations for management decision-making.

• Ability to cope in a fast-paced environment.

• Ability to meet corporate standards relating to resolving conflicts, as well as communicate effectively with peers, stakeholders and senior management.

• Highly responsible, dedicated, and able to self-motivate and motivate team members.

• Ability to work within and transfer knowledge to the rest of the team as necessary.

• Follows through on commitments with an appropriate sense of urgency, completing them in a timely and reliable manner.

• Software: MS Office, with Advanced EXCEL skills, SQL, Power BI, among others

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