Friday, 5 February 2021

Portfolio Manager Job Vacancy At ABSA Bank Tanzania, Apply Now

Bring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Responsibility for the management of the portfolio(s) across the Credit Life Cycle in aggregate, which comprises of the following:

    Product Planning
    Credit Initiation
    Account Maintenance
    Fraud Management
    Collections & Recoveries
    Responsible for developing and adhering to business mandate and scale triggers for all products
     Setting of product risk appetite and strategies
    Policy formulation / circulars – owner of the portfolio Risk policies and Procedures and Manuals
    Provide input into developing and review of Portfolio modelling
    Analysis of management Information with appropriate recommendations to the Head of Credit
    Liaison with product/business managers and owners
    Initiate, agree and monitor Collection and Recoveries strategies
    Accountability for all Credit scorecard design, implementation and review Input into Junior Consumer Credit Risk staff Performance development
    Agree and be responsible for all change initiatives in portfolio

Job Description

Credit Risk Management Time Split: 30-40%

    Assess a customer’s business through the analysis of Business and Credit risks associated with the provision of the bank’s products and services to the customer.
    Develop high quality credit solutions with the view of obtaining fast credit approval from Credit teams.
    Act as the joint contact for credit management purposes for accountants, solicitors and other professionals.

Portfolio: 30-40%
    Manage the portfolio within agreed risk appetite.
    Formulate strategies that drives growth while maintaining an acceptable level of risk to achieve agreed performance targets
    Develop a strong Risk/COO/Consumer Business partnerships

Leadership: 10-20%
    Develop a highly motivated team of portfolio analysts maintaining excellent relationships within own team and wider business to ensure achievement of business goals.
    Consider the training and development needs of the team and support the development and implementation of solutions.
    Ensure effective performance development and succession planning for the team.

Risk and Controls Objectives
    Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
    Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
    Adhere to Barclay’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
    Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future. Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
    All mandatory training completed to deadline

Technical skills / Competencies
    Strong intellect balanced by practical and pragmatic approach
    Decisive
    Strong internal and external networking
    Analytical
    Risk Management
    Business Management
    People management and coaching
    Communications (written and oral) and presentations
    Effective negotiation and influencing
    Strong Lending skills
    Influencing

Personal Attributes:
    Basic operations knowledge
    Strong product management, selling and negotiation skills
    Excellent communication skills enabling communication with people at all levels
    Ability to execute analytical and data driven decisions
    Ability to create and identify innovative  solutions

Essential and preferred Experience
    Experience, qualifications and other requirements specific to the role What does the role holder need to know/know about and/or be qualified in?
    Degree or equivalent business experience, desirable Preferred
    Postgraduate degree (e.g. MBA)Mathematical or financial qualification

Skills & Competencies
    What does the role holder need to be able to do/be well at doing?
    Highly competent in analysis and numeracy
    Comprehensive technical credit skill
    General commercial/industry awareness
    Working knowledge of risk management policies, procedures & pricing
    Working knowledge of Group policies and strategies relative to the credit function
    Product knowledge
    Detailed understanding / fit of the vision for Risk
    Detailed understanding of the Bank’s policies on Employment/Redeployment, Equal
    Opportunities and Health & Safety
    Working knowledge of local country structure and strategy
    Leadership and performance development of a team
    Managing risk and reward Preferred
    Risk Management Background

Absa Values

Approvals
Absa Values and Behaviors represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:

    I drive high performance to achieve sustainable results
    I’m obsessed with customer
    I have an African heartbeat
    I believe our people are our strengths
    Agreed by Current Job Holder
    Agreed by Line Manager
    Co-signed by HR Manager

Education
Higher Diplomas: Business, Commerce and Management Studies (Required)

APPLICATIONS LINK