Empowering Africa’s tomorrow, together…one story at a time.

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

This role oversees the data input required to enable the model monitoring and to ensure relevant, consistent, timely and complete data inputs according to pre-defined data requirements for Model Monitoring and to meet all the requirements as stipulated in the Model Risk Framework, Model Risk Policy, Model Risk Standards relevant particularly the Model Monitoring Standard, the RDARR Policy as well as the Data and Document Management Policies and Standards applicable. This role will also play a key part in the automation and standardization of the end-to-end model monitoring process from data to pack delivery. It will require good knowledge, experience and understanding of SAS at an advanced level.

The role needs to interact, engage and collaborate with relevant role-players such as data providers as well as the IVU Model Monitoring Team ensuring that data is suitable and meets requirements for specific monitoring of models allocated to the role’s portfolio of models (credit risk regulatory capital and impairment models). The role need to be aware of gaps, find solutions and improve the end to end process particularly from a data perspective ensuring that, through collaboration with role players, the data requirements are complete and relevant, where needed specific controls are in place, and be aware of the governance requirements relating to the model monitoring and model monitoring data.

Job Description

The primary focus of the role is to source, facilitate, assess and code relevant model risk monitoring data as agreed according to requirements specifications. Where required review and improve already existing code to see that it is fit for purpose, efficient and optimized to ensure that that the code performs effectively.

The role incumbent needs to actively manage the portfolio of models allocated to her/him in collaboration with the Team Lead for Model Monitoring enablement as well as relevant other role players. This entails managing and keeping up to date the following:

• Model Monitoring Data Dashboard containing all relevant details pertaining to the models allocated to be monitored. Actions to ensure completeness of such dashboard is the accountability and responsibility of the role incumbent.

• Model Monitoring BOW (Book of Work) Tracker containing relevant details on the incumbent’s operational delivery of allocated tasks and objectives. It is the responsibility and accountability of the role incumbent to ensure that the Tracker is up to date and to during weekly Thursday team meetings present and discuss delivery progress, issues and risks as well as support required where there are hindrances.

The role incumbent will be involved with tasks and deliverables pertaining to the project/initiative of automation and standardization which is now in progress. These tasks and deliverables will be agreed as the project progresses. Key information from the Monitoring Data Dashboard

As part of the role it is expected that the incumbent will ensure and obtain a sound and fair working knowledge of all the relevant Absa Group Risk Frameworks, Risk Policies, Risk Standards as well as Data Frameworks, Policies and Standards and specific also those pertaining to Model Risk. Sound and fair understanding and application in work context as to the Data Privacy Frameworks, Policy and Standards as well as the RDARR (Risk Data Aggregation and Reporting) Policy and Standards to enable compliant execution of his/her role.

The role incumbent will need to subscribe, be fully aware and conduct behavior in line and with the Absa Work Ethics requirements and guide as well as adhere to all People Management Frameworks, Policies and Standards in execution of his/her role.

Education

Bachelor`s Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (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