Credit Executive: Special Portfolio

1 week ago

Johannesburg, Gauteng, South Africa Nedbank Full time

Job Purpose

  • Lead a team of managers to proactively manage high risk clients across differing industries understanding client's businesses, maximizing customer retention and rehabilitation, without compromising the bank's risk and minimising credit impairments.
  • The purpose of this role is to effectively and efficiently manage a portfolio of high risk clients, both internally and externally, whilst mentoring and managing a team of managers.
  • The role involves complex, high value transactions where, without intervention and management, could lead to significant financial losses to the bank.

Responsibilities:

  • Formulation and recommendation of fitting client strategies and decisions to a mandated credit committee.
  • Overall responsibility for implementing credit decisions and monitoring the financial health post the implementation of credit decisions.
  • Provide regular feedback to internal stakeholders as well as a member of the Watchlist Committee for highrisk clients, and the ongoing assessment of impairments on high risk clients.
  • Decision maker in Special Portfolio Committee.
  • Interacting with various stakeholders across the bank to ensure appropriate solutions are generated for each client.
  • Lead interactions with clients, external auditors, lawyers and other banks.
  • Meet own and stakeholder objectives by identifying; building and maintaining relationships with stakeholders impacted by credit risk.
  • Ensure client satisfaction and profitability by driving the development of solutions and implementing solutions.
  • Ensure integrity of reporting of portfolio of clients, forecasting specific and portfolio impairments based on underlying strategy of each client and managing portfolio accordingly.
  • Provide input and assistance to Head of unit with regards to credit policy, mandates, processes and systems within the Special Portfolio environment.
  • Negotiate acceptable terms and conditions on behalf of Nedbank in various creditor forums and lead by example for more junior staff.
  • Ensure adherence to compliance and other regulations governing the actions of any particular client.
  • Ensure that any exceptions are escalated to the appropriate governing body within the bank.
  • Provide technical input for the continuous refinement and implementation of rating models to ensure compliance with regulatory requirements.
  • Ensure transformational target are met through consideration of targets during the staff recruitment; retention and training process and utilising suppliers listed on the preferred supplier list for department.
  • Contribute to a culture conducive to the achievement of transformation goals and support business strategies that improve the corporate image by ensuring self; managers and team participation in Nedbank culture building initiatives.
  • Participate and ensure managers encourage staff to participate and support corporate social responsibility initiatives for the achievement of business strategy (e


g:
Green Strategy).

  • Ensure issues raised in culture survey are addressed and results are improved by ensuring action plans are created and executed.
  • Deliver a world class service through others by ensuring a client centric culture through required interventions.
  • Identify areas of resource inefficiencies and promote optimisation through promoting multiskilling and addressing capacity gaps by reviewing and improving work processes.
  • Optimise efficiency and embed correct values by ensuring direct reports understand and support Nedbank's vision; values and strategy and are measured on delivery against these.
  • Manage performance of direct reports and hold them accountable for managing the performance of their direct reports by implementing performance agreements.
  • Identify relevant development needs by assessing own performance and behaviour through formal and informal feedback.
  • Maintain a high performing team by identifying a talent pool through conducting career conversations and utilising the talent grid principles and developing talent retention programmes (e


g:
job rotation).

  • Build depth of skills and knowledge in the team of managers by sharing knowledge and insight with team members; ensuring mentoring; coaching and day to day activities.


 Essential Qualifications
  • NQF Level
  • Professional Qualifications/Honour's Degree


 Preferred Qualification
  • B.Comm Honours / Master's Degree / Chartered Accountant.
  • Minimum Experience Level years credit exposure experience with decision making, 3 5 years people management experience.
  • Working experience of Chapter 6 of the Companies Act of 2008 as well as a good understanding of the Insolvency Act.
  • A good working knowledge of financing and security structures.

Technical / Professional Knowledge

  • Budget forecast assumptions
  • Business administration and management
  • Capacity planning
  • Change management
  • Financial Accounting Principles
  • Governance, Risk and Controls
  • Principles of project managemen

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