Credit Risk Talent Academy at Absa Bank Limited

 About Absa Bank Limited

Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of Africa’s major financial services providers offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. The Group was formed through combining Absa Group Limited and Barclays’ African operations on 31 July 2013. Reflecting the enlarged group’s pan-African focus, the Group's name changed from Absa Group Limited, to Barclays Africa Group Limited on 2 August 2013. Registered head offices are in South Africa and the Group has majority stakes in banks in Botswana, Ghana,Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The Group has representative offices in Namibia and Nigeria, as well as bancassurance operations in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges.Barclays Bank PLC has operations in Egypt and Zimbabwe, which are part of the African business and continue to be run by Barclays Africa Group’s management

Job Summary


To analyse the risks associated with new lending, structuring and derivative proposals with the intention of facilitating new business.

Job Description


Credit Risk Talent Academy


Introduction:


The Credit Risk Talent Academy aims to attract and retain high-calibre talent to join the following roles: credit underwriters, portfolio managers, collections and recoveries managers, and business assurance officers. The Academy will provide a comprehensive training program that will equip the talent with the skills and competencies required to effectively manage credit risk across our diversified credit portfolio.

Program Structure:


The Credit Risk Talent Academy will be a 12-month training program that will allow the successful candidates to initially go through a formal induction and orientation and thereafter rotate within the following areas: Wholesale Credit, Retail Credit, Business Support and Recoveries, Collections and Recoveries, and Digital Mobile Credit. The rotation will be for a period of 1-3 months in each department, and the training program will be a combination of classroom training, on the- job training, and mentorship. Only the successful candidates will be confirmed into the roles within the Credit Risk function.

Program Qualification:


The following courses will be offered. Participants will be awarded certificates of completion:


Credit Risk Management - covering the fundamentals of credit risk management, credit analysis and underwriting, and risk mitigation strategies.

Wholesale Credit Risk Management - focusing on the wholesale credit portfolio of the bank, including corporate and institutional clients, and the associated risk management strategies.

Retail Credit Risk Management - focusing on the retail credit portfolio of the bank, including personal and small business loans, and the associated risk management strategies.

Collections and Recoveries - covering the collections and recoveries process for both wholesale and retail credit, including negotiation techniques and legal aspects.

Digital Mobile Credit Risk Management - covering the digital mobile credit portfolio of the bank, including mobile loans and payment services, and the associated risk management strategies.

Upon completion of the 12-month program, participants will.


Receive a certificate of completion from the Credit Risk Talent Academy.

Join a pool of credit professionals and will have first priority in taking up roles in credit as opportunity arises.

Requirements:


The ideal candidate must meet the following criteria:


A bachelor’s degree in mathematical finance, actuarial science, economics, statistics, or its equivalent.

Working knowledge of risk management policies, procedures, and pricing.

Preferred Experience


Working knowledge of Group policies and strategies relative to the credit function

Product knowledge

Detailed understanding / fit of the vision for Risk.

Working knowledge of local country structure and strategy

Leadership and performance development of a team

Managing risk and reward

Desired competencies


Commercial awareness

Strong analytical skills

Problem-solving skills

Attention to detail.

Strong communication and interpersonal skills

Customer-focused

Teamwork and collaboration

**Application Deadline – 10th November 2023***


Education


Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)



Method of Application

Interested and qualified? Go to Absa Bank Limited on absa.wd3.myworkdayjobs.com to apply

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