Senior Manager: Credit Wealth

1 week ago

Sandton, South Africa Absa Bank Limited Full time
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


To provide complex specialist advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist risk product expertise.

To deliver credit assessment, credit portfolio management, and lending decisions within mandate / personal discretion for high-value and complex Business Banking clients as well as stakeholder engagement with key credit and business solution deliverables.


Job Description:

  • Mitigate financial and other credit risks for Absa and its clients by requesting security in line with the credit policy.
  • Participate in the formulation and implementation of lending strategies, risk appetite and lending criteria by providing feedback and suggestions to the Sector Head based on market trends, actual client interaction/experience, and industry research.
  • Manage critical success factors with Relationship Executives (REs) and Credit Teams to ensure that appropriate credit risk decisions are taken proactively communicating and interacting with REs in order to solve client financing needs.
  • Monitor and manage a dedicated portfolio of clients against agreed Absa Business Banking strategies and portfolio credit requirements in order to improve the overall quality of the portfolio by referring to approved credit policy and target market criteria.
  • Ensure high standards of credit discipline are applied to portfolio monitoring and control activities, especially unauthorized excesses, unrated exposures, and overdue reviews by referring to the relevant credit systems, i.e. Global Credit Information System (GCIS), Credit Management System (CMS), or Review Manager.
  • Maintain credit records as required per standard instructions in terms of GCIS and other recording systems by verifying for the correctness and forwarding GCIS templates for uploading to the GCIS capturing team.
  • Maintain awareness of Basel, South African Reserve Bank (SARB), and other regulatory requirements by attending workshops and referring to relevant training material and circulars.
  • Ensure that upskilling is maintained in terms of industryspecific and lending principles in general by attending workshops, reading/studying of industry related publications and participating in training.
Education and Experience Required

  • Bdegree in (Accounting, or Finance) (NQF level no. 7)
  • 5 years of credit management experience.
  • 5 years of lending experience with a personal mandate higher than R150 million or credit analyst experience in the Large Commercial/ Mid Corporate / Corporate Business banking environment.
  • Minimum of 10 years of commercial or corporate banking experience
Education

Bachelor's Degrees and Advanced Diplomas:
Business, Commerce and Management Studies (required)

  • Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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