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Job Summary

The purpose of the role is to support the acquisitions and pricing manager to develop, implement and monitor the effectiveness of the underwriting, pricing & profitability strategies for the Personal Loans products.

For pricing and profitability, this includes usage of the Profitability Model to monitor expected profitability of new business, estimate total book profitability and facilitate changes to the pricing strategy. For acquisitions, this includes using internal scorecards, bureau scores and alternative data model scores (among other risk factors) to optimize credit risk decisioning and risk-based pricing capabilities.

Additionally, the role includes monitoring & tracking management information (MI) of strategies & developing reports to highlight trends to management within the Portfolio.

Job Description

Strategy Design & Analysis

Develop data driven strategies within the Personal Loans Acquisitions, Pricing and Profitability team

• Develop, review, implement, monitor and challenge customer underwriting strategies and pricing and profitability strategies.

• Ensuring that the above strategies are in line with the risk appetite, which include but not limited to maintaining Loan Loss Rate (LLR’s), Return on Regulatory Capital (RoRC’s) and default rates are within risk thresholds.

• Review and implementation of policy and business rules to assist with mitigating risk in the underwriting strategies.

• Develop alternative acquisition and profitability strategies by making use of alternative data or alternative methodologies.

Stakeholder Holder Management

• Liaise and support product/business stakeholders and senior leadership to drive overall objectives/goals of Personal Loans

• Engage with credit risk modelling team to collaborate during model developments and ensure that the models are appropriate for underwriting, pricing and profitability strategies.

• Engage with portfolio analytics and impairments team to ensure that the strategies are in line with the overall risk appetite.

• Support and engage with the relevant MI teams to ensure that key data and analysis performance is reported.

• Liaise with operational/implementation areas to ensure strategies are working optimally.

 

Reporting and MI

• Produce & analyse monthly MI, to provide insight to support areas of potential concern & develop remedial action plans.

• Provide support and assist with affordability and reckless lending reports.

• Exception reporting, ensure that the strategies are implemented as correctly on IT systems.

• Manage strategy sign-off process to ensure all stakeholders are informed of proposed strategy changes and ensure all strategies comply with Bank's credit risk policies & framework.

• Produce ad-hoc analysis reports on specific credit risk requests.

Customer Complaints Management

• Investigate & resolve unresolved customer complaints escalated for final decisioning.   Provide prompt & clear feedback to source of complaint.

• Support and engage with the Credit lending team on customer escalations.

Education Required:

• B Degree or Advanced Diplomas in Actuarial science, Risk Management, Statistics, or equivalent NQF level 7 qualification

Experience and Skills:

• Understanding of acquisition strategies or pricing strategies or credit risk modelling.

• Strong analytical or modelling skills.

• 2 years’ experience is required, in data analysis utilizing a standard statistical package such as SAS.

• SAS Programming or SQL programming

• Advanced Excel

• Problem Solving

• Communication, Networking and People skills

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