Requirements

• Bachelor’s degree in Quantitative or Mathematical Economics, Statistics, Data Analytics and Analytical Finance or a related field from an accredited University
  

• 3 – 5 years working experience in a similar role preferably in a financial institution.
  

Impairment, Provisioning and Modeling (80%)

• Impairment and Provisioning. Involves the delivery of accurate projections of the Bank's Retail Impairment provision and the development of robust econometric.
  

• Impairment Review & Update-IFRS 9 & FIA. Perform impairment calculation on the portfolio.
  

• Collect relevant customer data from bank’s internal MI systems in order to run the impairment & provisioning models.
  

• Communicate impairment & analytic results to both technical and non-technical audiences, using Microsoft Excel worksheets and PowerPoint presentations
  

• Understanding business questions and formulating data analysis and modeling problems.
  

Data Analysis, Forecasting and Modeling of Portfolio Performance Statistics (20%)

• Analyse and interpret both Performance and Applications data relating to Credit Risk processes
  

• Provide analysis to support with business-as-usual activities such as Credit Risk strategy changes
  

• Continuously strive to improve Absa decision support systems