Senior Manager: Credit Risk

2 weeks ago

Durban, KwaZulu-Natal, South Africa Nedbank Full time

Specialist Recruiter and Requisition Details

  • REQ Twanette Coetser
  • Closing Date 18 June 2024
    Cluster and Location
  • Total Business Banking and Retail
  • CVM
  • Credit Risk
  • Durban, Kwazulu Natal
  • Career Stream
  • Credit Collections


 Leadership Pipeline
  • Manage Others

Senior Manager:
Credit Risk

Job Purpose

  • To proactively manage credit risk customers through decisive leadership utilising a multiskilled team, focusing on client engagement, financial analysis, mitigation of exposure, optimal pricing and rehabilitation of distressed exposures, to achieve the Nedbank Group Strategy of being world class in risk management

Responsibilities:

  • Ensure adequacy of impairments on the credit risk regional portfolio by engaging with value analytics team and using monthly monitoring tools and exception reporting
  • Regularly reviewing collateral on credit risk matters which underpins impairments (ECL)
  • Ensure correct credit risk state type of clients by routinely monitoring the total advances book with regards to certain factors that serve as early warning signals and that are reported on exception reports
  • Ensure the portfolios comply with IFRS 9 relative to impairments staging
  • Review and comment on reports and analyse the data to understand impairments and risk weighted asset movement
  • Manage the quality of the MIS/ data by regularly checking any inaccuracies
  • Implement and manage credit policies and standards within the credit risk process
  • Ensure adequacy of internal processes and reporting to reduce or eliminate financial risk or loss through ongoing refinement, adherence and enhancement of the bank's processes and procedures
  • Ensure compliance and reduced credit and reputational risk by implementing relevant legislation within the credit risk environment
  • Ensure dissemination of knowledge pertaining to the bank's processes and procedures to relevant staff members through ongoing training and awareness sessions
  • Prepare for, chair regional credit risk meetings and interact with highrisk committee
  • Manage distressed clients by adhering to relevant internal and/or legislative processes namely business management and/or business rescue process, making decisions on either to normalise (rehabilitate, soft exit) or a legal exit
  • Define and set standards for credit risk function and share professional expertise in the relevant forums
  • Proactively manage the market and industry risk by identifying early warning signals relating to the business, industry, economy, or political risk and deciding on the action plans at various forums
  • Build and maintain collaborative business relationships that ensure effective risk management by collaborating and networking between various stakeholders to streamline and enhance the credit risk processes
  • Ensure that stakeholder expectations and customer complaints are managed by monitoring team deliverables according to policy and governance
  • Reduce or eliminate financial risk or loss through ongoing refinement, enforcing adherence to regulations and enhancement of the bank's processes and procedures.
  • Ensure compliance and reduced credit and reputational risk by Implementing relevant legislation within the credit risk environment
  • Ensure timeous decision making and appropriate corrective action for self and team by identifying early warning signals in client behaviour, industry or markets that are indicative of change in risk profile. Effectively and efficiently manage team across the HR value chain including recruitment, performance management, retention of critical staff, succession planning and coaching and talent management as well as contributing to a culture conducive to the achievement of transformational targets
  • Create a culture of information, knowledge sharing, trust, respect and support to ensure a smooth workflow through leading by example and ongoing engagement with the team and crossfunctionally
  • Ensure issues raised in culture survey are addressed and results are improved by ensuring action plans are created
  • Minimum Experience Level years credit lending or credit risk experience in a banking environment
  • 2 years' managerial experience

Requirements:

  • NQF Level 6 or Higher in a Finance, Business, Banking or Insolvencyrelated field
  • A Credit Record is essential

Technical / Professional Knowledge

  • Data analysis
  • Governance, Risk and Controls
  • Industry trends
  • Principles of financial management
  • Relevant regulatory knowledge
  • Working with a group to identify alternative solutions to a problem
  • Building and maintaining effective relationships with internal and external stakeholders
  • Analysing and interpreting quantitative and qualitative data
  • Relevant Nedbank policies and procedures
  • Banking knowledge **_Please contact the Nedbank Recruiting Team at _

  • Head of Collecions Credit Risk

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Pollock and Associates Full time

    Head of Collecions & Credit Risk Bank/Fin Services/InsuranceDurban - Kwa Zulu Natal - South AfricaWe are seeking an experienced, results-driven, and strategically minded individual to fill the role of Head of Collections and Credit Risk. This key leadership position involves providing strategic direction to the Collections and Credit department, ensuring the...

  • Credit Manager

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Communicate Recruitment Full time

    Multinational Warehousing and distribution company is on the lookout for a Credit Manager.Qualifications: Complete BCom Accounting or, ICM (minimum level V)Skills: Advance Excel SAP Credit vetting (TransUnion / CGIC / Coface)Job description: Manage a team of 3 Credit Controllers (Due the growth of the business the scope will increase) Innovatively continue...

  • Credit Management Specialist

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Unilever Full time

    Job Title: Credit Management SpecialistReports to: Credit Management LeadFunction / Sub-Function: Customer Operations / Order To CashWork Level: WL1CLocation: La LuciaBackground:iOps is focused on transforming the way we work to create exceptional experiences across Unilever's wider ecosystem encompassing markets, customers and Partners. Through leveraging...

  • Deputy Head Credit

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Watershed Consulting Full time

    Job Description:SENIOR CREDIT MANAGER - SOUTH AFRICAThis position is responsible for managing the Credit Risk Management function of a niche bank, South Africa under the supervision and guidance of Head of Credit. Assist Head of Credit in implementation of the credit strategic objectives and delivery of the Bank's objectives. This position will report...

  • Analyst, Credit

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Standard Bank Of South Africa Limited Full time

    Business Segment: Corporate & Investment Banking Manage a portfolio of counterparty credit risks associated with lending, trading, and investing activities, with the primary objective of assessing and managing risk within acceptable parameters.Key Responsibilities: Complete effective financial analysis of counter party credit risks.Undertake quantitative and...

  • Credit and Admin Manager

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Communicate Recruitment Full time

    A distribution and retail company are seeking a well experienced Credit and Admin Manager with 7 years minimum experience in a similar role. Professional must have a completed B. Com degree plus a credit management qualification non-negotiable. They will be managing a book value of + or -80 millionQualifications: Complete BCom Accounting Credit Management...

  • Credit Analyst

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Nedbank Full time

    Requisition & Talent Acquisition Consultant Details REQ Twanette Coetser Closing Date 23 February 2023Cluster & Location Total Business Banking and Retail Client Value Management KZN & EC Durban, Kwazulu Natal Career Stream Credit Management Leadership Pipeline Manage Self: ProfessionalCredit AnalystJob Purpose To assess credit risk of existing portfolio so...

  • Credit & Admin Manager

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Communicate Recruitment Full time

    A Well-known Logistics company based in Kwa-Zulu Natal is looking for a Credit % Admin Manager who demonstrate leadership skills, be analytical, driven, assertive, give attention to detail, a team player, self-motivated to join their team ASAPQualifications & Skills: Minimum Bcom or ICMA (Certification in Credit Manager), or relevant experience Experience in...

  • Business Judgmental Credit Manager

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa FirstRand Full time

    Job DescriptionHello Future, Business Judgemental Credit ManagerWelcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our talent team, you will be surrounded by unique talents, diverse minds, and an adaptable environment that...

  • Credit Controller

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Engen Full time

    Location:Durban:Grade:FM:Purpose of the Job:To maximise the collection of accounts receivable and ensure accuracy of customer statements, thereby minimising bad debts and contributing to the company's cash flowWhat You'll Have Done Before:NQF Level 6 (Diploma in Credit Management)3 years' experience in Credit management (within Commercial or Manufacturing...

  • Credit Analyst

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Nedbank Full time

    Requisition & Talent Acquisition Consultant Details REQ Twanette Coetser Closing Date 15 February 2024Cluster & Location Total Business Banking and Retail Credit Value Management KZN & EC Durban, KwaZulu Natal Career Stream Credit Management Leadership Pipeline Manage Self: ProfessionalCredit AnalystJob Purpose We are looking for an experience Credit...

  • Enterprise Risk Analyst

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Watershed Consulting Full time

    Job Description:Job title:Enterprise Risk AnalystLocation:Durban, KZNAbout the company:The institution prides itself on offering a wide range of personalised banking services, tailored to meet the diverse needs of its clientele, encapsulating the very essence of customer-centric banking. It focuses on corporate customers offering them range of products in...

  • Risk Manager

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa RPO Recruitment Full time

    At RPO Recruitment, we understand the importance of risk management in the accounting field. With our extensive network and deep industry knowledge, we are committed to delivering exceptional services to our clients. As the Risk Manager, you will be responsible for analyzing, assessing, and managing risks that may affect our clients' financial...

  • Coastal Credit Manager

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Fidelity Services Group Full time

    A vacancy exists for a Coastal Credit Manager.The position will report to the Credit Manager - Guarding and Specialized Services Division.The main purpose of the position is to make sure that the debtors' collections are done timeously.Minimum Requirements: Matric Certificate recognised Credit Management qualification/ BCom degree majoring in Accounting....

  • Junior Credit Risk Data Analyst Mr Price Money

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Mr Price Group Full time

    Are you looking to grow your career in Data Analytics? Then take that risk and applyA day in the life of a Jnr Data Analyst To support and assist the Credit Risk Manager, with monitoring and reporting of the entire credit life cycle (i.e. Origination, Account Management and Collections) for the Store Card portfolio and other associated products. Track key...

  • Credit Analyst

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa GP Consult Full time

    KwaZulu Natal, Durban R R 25000 Monthly Cost To CompanyCredit Analyst - La Lucia - Financial services (property loans)KEY RESPONSIBILITIES: Assess credit worthiness of applicants (mortgage and other credit products) through undertaking detailed risk assessment analysis Ensure that procedures and decisions comply with credit policy, regulations and best...

  • Credit Manager

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Stratogo Full time

    Job Title: Credit ManagerCompany: ConfidentialDescription:The Credit Manager position in Durban, KZN involves overseeing the company's credit lending and expenditure. Responsibilities include managing credit applications, monitoring new accounts, and ensuring financial procedures are followed.Minimum Qualification Requirements:BSc in Accounting, Economics,...

  • Credit Analyst-1

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa FirstRand Full time

    Job DescriptionTo analyse credit data to estimate degree of risk in extending credit or lending moneyConsults with management to assist in corporate planning Credit and financial assessments of commercial business customers Adhere to negotiated service levels and turnaround times in support of business strategy. Presenting credit submissions at credit forums...

  • Credit Manager

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Findojobs South Africa Full time

    THE OPPORTUNITY The primary purpose of this position is to manage the credit lending and expenditure of the company. MAIN AREAS OF RESPONSIBILITY The incumbent will drive continuous improvement in the finance department within the Head Office by ensuring that all credit applications are correctly processed, new account are monitored to create payment history...

  • Credit Manager

    2 weeks ago

    Durban, KwaZulu-Natal, South Africa Lmp Recruit Full time

    THE OPPORTUNITYThe primary purpose of this position is to manage the credit lending and expenditure of the company. MAIN AREAS OF RESPONSIBILITYThe incumbent will drive continuous improvement in the finance department within the Head Office by ensuring that all credit applications are correctly processed, new account are monitored to create payment history...