Senior Manager: Impairments

SUMMARY:
Develop and maintain statistical models that quantify/simulate the following aspects of the portfolio: Expected transitions of new sales vintages into the respective collections, environments on a monthly basis; Overall rundown of book with regards to Gross Advances; Expected size of Non-performing- and Write-Off portfolios at any point in time.

POSITION INFO:

Portfolio Modelling and Simulation

Develop and maintain statistical models that quantify/simulate the following aspects of the portfolio: Expected transitions of new sales vintages into the respective collections, environments on a monthly basis; Overall rundown of book with regards to Gross Advances; Expected size of Non-performing- and Write-Off portfolios at any point in time.

These models should be developed and set up in such a way as to allow for expected risk emergence to be incorporated

Cash-Flow Forecasting

Develop independent forecasts for future cash collections in the existing and expected new sales portfolios.

Forecasts should be thoroughly back-tested to ensure accuracy and stability.

The forecast should be used to quantify the duration of the assets of the organisation.

Guiding strategy in key business imperatives

Focus on strategic direction and proactively provide the organisations/stakeholders with feedback/guidance that will assist overall decision making.

Where appropriate, assist Retail Ops/Finance in quantifying the expected sales mix.

Assist in modelling/unpacking/tracking various collections initiatives.

Conduct analysis with regards to yield leakages when required.

Ad hoc

Provide business stakeholder with guidance based on advanced modelling, if and when required, in order to ensure initiatives are rolled-out and managed effectively.

Reporting, Attending and Presenting at Various Committees

Formulate and document findings/results in a timely, accurate and professional manner.

Formally present findings if and when needed.

Submit monthly constitution to the credit pack.

Customer

Create and maintain productive relationships with internal and external clients by providing advice and assistance

Create understanding of the ‘real’ versus ‘perceived’ need through experience and expertise while complying with company polices legislation and regulations

Keep the client informed about progress through written communication, telephone communications and/or face to face meetings

Build a positive image by exceeding client expectations at all times

Treat internal and external customers fairly at all times

Data and Processes

Create and maintain automated processes that: Gathers relevant data, ensures data accuracy, applies financial forecasting models at an account level, Aggregates the results, generates reports, and Distributes results to all relevant parties.

Management of Resources

Manage and develop subordinate(s): Performance management in terms of contracting, reviews and poor performers, Training and development, Employee relations

Manage people efficiencies through leave management, headcount budget, fixed term contracts, staff movements, secondments, staff utilization

Take appropriate disciplinary measures as required

Facilitate induction of new staff within one month of joining the organization

Nature 1:

Responsible for the building and maintenance of IFRS, Fair Value and Economic Capital models. Ensure that all models are aligned to IFRS and BASEL requirements. Ensure that all models are calibrated and approved by the Model Risk Committee in accordance with the requisite frequency. Also, provide senior management with monitoring reports that outline and detail model performance and stability. Work with internal and external auditors in review processes and address any issues found timeously and accurately. Ensure that model documentation is up to date and in line with minimum documentation standards. Manage and develop a small team of specialists

Nature 2:

Nature 3:

Motivation:

Advancement:

Key Performance Areas

Behavioural (COMP)

• Ability to take a stance on views
• Analytical thinking
• Coping with Pressures and Setbacks
• Delivering Results and Meeting Customer Expectations
• Initiative
• Integration/Holistic thinking
• Leading and Supervising
• Logical reasoning
• Planning and Organising (Prioritising)
• Presenting and Communicating Information
• Stress tolerance
• Strong personality
• Willingness to defend your work

Minimum Education

• BSc / BCom (Hons) strong focus on Statistics, Actuarial, or Maths and applied Maths.
• BSc Hons / BCom Masters strong focus on Statistics, Actuarial, or Maths and applied Maths.

Minimum Experience

• 5 years’ experience in quantitative/statistical modelling in the financial sector with a strong data background.
• 7 years quantitative/statistical modelling experience in the financial sector; working knowledge of Financial- and Impairment modelling and SQL/SAS automation

Technical (COMP)

• Analytical Skills
• Business Acumen
• Corporate finance knowledge
• Financial Modelling skills
• Presentation Skills
• Report writing skills
• Software: MS Office, with Advanced EXCEL skills, SQL, SAS
• Strong Analytical and Statistical skills
• Strong programming and automation skills
• Understanding of Financial Statements

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