Credit Risk Manager

2 weeks ago

Randburg, Gauteng, South Africa FirstRand Full time
About us, purpose, experience and qualifications

about us:

purpose:

  • Maximise the banks Risk-Adjusted Rate of Return by managing credit risk in the entire portfolio and individual transactions as well as managing Credit Analysts
    experience and qualifications:


Minimum Qualification
  • Relevant Degree or Diploma


 Preferred Qualification
  • LLB
  • Experience 3 to 5 years experience in a similar environment, of which 1 to 2 years ideally at junior (entry level) management level
    additional requirements:
  • No Referral plan is assigned to this job

responsibilities:

  • Achieve year on year Total Revenue Growth for the Business
  • Reduce Bad debts as a percentage of performing loans utilisation based on effective lending principals applied during approval
  • Establish a sound Credit Risk Management culture through awareness of campaigns to influence behaviour and drive the importance of credit compliance.
  • Cultivate and manage objective working relationships with a variety of stakeholders, including endusers, SME's, project managers and senior staff members
  • Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
  • Ensure that your team meet set targets in respect of excesses, expired limits and covenant monitoring
  • Make findings and detail analytics available to business to drive significant optimization of riskreturn through strategic portfolio mix changes, tactical credit appetite setting, pricing/return optimization and influencing credit origination strategy
  • Comply with governance in terms of legislative and audit requirements
  • Ensure the deep insights developed in this process translate into real economic and financial benefits for the business through strategic input, influencing of credit decisions and pricing of retail credit
  • Development of models that predict the output/conditional probability distributions of impairments under assumed input distributions of macroeconomic parameters and utilizing estimated linkages between macro and credit variables
  • Work with each business unit to identify the relevant macro parameters and build statistical models. Develop computationally efficient approaches and/or algorithms for running statistically significant predictions of output impairment
  • Manage security documentation and limit management for Wesbank clients by ensuring the accuracy of security documentation (facility letters and collateral documentation) and maintaining proper limit management processes for Wesbank Clients
  • Assess and approve excesses in terms of approved excess mandate to minimise Credit Risk to the business
  • Work with various segments to develop forwardlooking profitability projection models and data feeds
  • Credit Collaboration Strategic Analysis
  • Benchmark current practices against the credit risk management framework and adjust practices as and when necessary
  • Reconcile and report on monthly credit risk loss to the business
  • Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation, achieve efficiencies and increase competencies
  • Manage personal development to increase own skills and competencies

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