Senior Credit Analyst – CIB: Global Markets Credit - VP at Absa Bank Limited

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Job Summary

Job Description

Accountability: Credit Risk Management:

• To take ownership and control of credit risk related work on a defined portfolio of Global Markets clients.
• The candidate is to carry out comprehensive and quality credit risk functions. Functions cut across the credit lifecycle (i.e. analysis, credit granting, implementing, managing, restructuring and impairment) to create shared growth. This is achieved through responsible risk management enhancing the decision-making process involved in the extension and management of credit risk within the boundaries of internal policies and external regulations.
• Representing Credit to Senior Management in various committees, presenting analysis of the aggregate portfolio risk and composition.
• Analysis of portfolio risk management and their impact to Portfolio Credit and Market Risk Metrics.
• Assist in developing and delivering relevant Monthly Risk MI for Senior Management within Credit and other senior partners, including analysis and commentary, ensuring risk issues on the defined portfolio are well understood and presented transparently.
• Create presentations and technical documents designed to articulate key risks to various forums and credit committees.
• Build and manage relationships with key relevant business partners to ensure responsible risk taking whilst retaining commercially minded solutions.
• Work closely with key partners to review and improve quality of MI over time.
• Support the management in the delivery of a sound governance process around the Credit MI's delivered by the team.
• Development of analytical tools to better understand and communicate risk concentrations and drivers of risk and capital.
• Maintain and manage the relevant portfolio within the defined appetite levels.
• To be an expert with an advanced understanding of operating environment and how it affects clients in the portfolio.
• To have strong working knowledge of Global Markets portfolio, including but not limited to:

1) Derivatives Trading Products:

2) Interest Rate Derivatives (Interest Rate Swaps (IRS); Basis swaps; Inflation swaps; Swaptions);

3) FX Derivatives (FX forwards, FX swaps, FX options);

4) Credit Derivatives (Credit Default Swaps (CDS), CDS indices,)

5) Equity Derivatives (Equity swaps, Total Return Swaps (TRS), Options (vanilla & exotic)

6) Commodity Derivatives (Commodity swaps, Futures and options)

7) Structured Financing & Synthetic Products (Total Return Swaps (TRS).

8) Execution & Trading Services (Agency & Principal Execution)

9) Margin Lending / Prime Brokerage Financing

10) Securities Lending / Borrowing.

2) Basel regulations – Basel I, II, III, IV.

3) Derivatives exposure methodologies (e.g., SA-CCR)

4) Financial modelling and analysis

5) Familiarity with: ISDA documentation, Collateral frameworks (CSA agreements), CSAs, GMRAs, GMSLAs.

• Review and enhancement of systems and processes with a view towards efficiency and automation whilst managing the current operational environment.
• Explore new, improved and alternative ways of lending or restructuring credit to ensure an efficient and improved end to end risk delivery.
• Effectively communicate developments within areas of activity to all relevant stakeholders.

Accountability: Data and System Management

• Compile portfolio reviews and sensitivity analysis.
• Develop, negotiate and implement appropriate Risk mitigation strategies.
• To produce relevant management information and manage exposures including the accurate maintenance of the data on relevant risk systems.
• Monitor adherence to policies and SLAs on a continuous basis and identify any deviations and possible concerns.
• Create and maintain an accurate due diligence record of the client portfolio, detailing what facilities they have and the associated terms and conditions.
• Understand and manage the required inputs into the banks models ensuring validity and accuracy.
• Monitor the client business performance and identify relevant risks to ensure early identification of change in the client’s business or operating environment and watchlist accordingly.
• Proactively utilize the systems and tools available for Credit Risk and partake in the ongoing development and feedback of these systems to deliver and enhanced automated credit function.
• Manage all administrative and operational aspects of the relevant portfolio of clients ensuring completeness, accuracy and validity of data.

Accountability: Governance

• Ensure that the Bank’s credit policies and philosophy are complied with.
• Ensure understanding and adherence to relevant Legal requirements relevant to the Credit Lifecycle and specific industry.
• Regulatory legislation and the changing environment require an up to date knowledge of changes and the impact on credit risk and capital adequacy.
• Complete the necessary training requirements and Compliance processes in a timely manner.

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised