Manager: Credit Risk Monitoring

3 weeks ago

Cape Town, Western Cape, South Africa Fempower Full time

MAIN PURPOSE OF THE JOB

The purpose of the job role is to assist, develop, monitor and report on the implementation of the Credit Risk Management Framework which includes credit policies, credit committee governance charters, portfolio monitoring and reporting within the organization, thereby assisting to maintain credit exposures within approved parameters. The job role will further be responsible for the management and oversight all credit committees in the Bank, highlighting non-compliance in areas to mitigate the risk for non-compliance and suggest solutions to ensure compliance.

Key Performance Areas

1. Assist in developing and refining credit risk management policies and governance charters

  • Reviews and maintains the credit risk limit / prudential limits in line with the to inform the Bank's risk appetite
  • Reviews and maintains the credit policies for alignment to the Basel principles and IRFS 9 requirement for best practice risk management and governance
  • Reviews and maintains the procedure manuals for policy implementation
  • Reviews and maintains the credit risk management framework for best practice risk management and governance
  • Develops new policies required within the credit value chain of the Bank to enhance risk management and governance

2. Portfolio monitoring of all segments

  • Monitors and report business performance in accordance with policies, procedures, legal requirements and against set corporate plan and business targets
  • Monitors and report the renewal / review of credit facilities
  • Manage reclassification of high risk accounts based on IFRS 9 stage classification
  • Manage and Monitors accounts in breach of covenants and recommend remedial action to be done by PMS
  • Monitors accounts within Workout and Restructuring and/or watch list exposures
  • Monitors and manage actioning of outstanding collateral as per exception reports generated from the CMS
  • Recommends remedial action where there are deficiencies in portfolio management
  • Completes monitoring actions within allocated time frames

3. Credit risk assessment monitoring

  • Attending credit committee meetings
  • Monitors adherence to credit committee charters, DOP, credit policies, processes and procedures
  • Highlights any risks associated with a loan application and propose mitigates to protect the interest of the Bank
  • Monitors adherence to prudential limits for all exposures within the Bank

4. Portfolio reporting

  • Prepares monthly dashboard reports to monitor portfolio trends and performance for EXCO and Board
  • Prepares quarterly reports for CROM, EXCO, CIC and the Board to monitor portfolio trends and performance
  • Validates all content and quality of reports submitted by business units
  • Coordinates CROM activities

5. Manage the Review and Hinde sight of Credit Approvals

  • Develop Review and Hinde sight objectives and report to CRO/EM through line
  • Develop Review and Hinde sight Annual plans for approval by CRO and EXCO which will ensure adherence credit risk management framework, credit policies and procedures as well as appropriate DOP.
  • Ensure timely review reporting
  • Provide advisory service to management on credit policy and processes
  • Develop or review credit policy and processes to remediate gaps identified from hindsight reports.
  • Monitor the loan approval process taking into account the decentralized credit approval mandates across regions or specified region.
  • Give recommendations to management and Board where gaps have been identified to improve the control environment.

6. Conduct research

  • Initiates research through a pro-activity into trends e.g. implementation of best practice in terms of credit granting, norms and standards
  • Receives a request for research, analyze to determine the objectives and outcomes of the research
  • Defines the objectives of the research in accordance with the requirements
  • Ensures compliance of the request to the organizational control systems
  • Determine the research methodology in accordance with the requirements
  • Collects the appropriate data utilizing all relevant resources
  • Analysis the data to determine applicability and utilization
  • Interpret and evaluate the data by means of various analysis techniques and model development
  • Analysis the data and present as required
  • Produces the research paper in accordance with standards and format containing all the relevant information satisfying the objectives and the outcomes of the research
  • Compiles a presentation in accordance with the required format to be utilized in a presentation

Preferred Minimum Education and Experience

  • Relevant 3-year tertiary qualification (B Com or similar)
  • Postgraduate qualification – relevant to Credit Risk
  • 5 years' experience within credit risk management

Critical Competencies

  • Microsoft Office
  • Business Acumen
  • Risk Management Principles
  • Research and Analysis principles
  • Written and verbal communication
  • Credit granting systems / tools
  • Credit granting regulations

Additional Requirements

  • Travel as and when required
  • Extended hours as and when required

  • Manager : Credit Risk Monitoring (Cape Town)

    1 day ago

    Cape Town, Western Cape, South Africa Fempower Full time

    MAIN PURPOSE OF THE JOBThe purpose of the job role is to assist, develop, monitor and report on the implementation of the Credit Risk Management Framework which includes credit policies, credit committee governance charters, portfolio monitoring and reporting within the organization, thereby assisting to maintain credit exposures within approved parameters....

  • Manager : Credit Risk Monitoring (Cape Town)

    1 day ago

    Cape Town, Western Cape, South Africa Fempower Personnel Full time

    The purpose of the job role is to assist, develop, monitor and report on the implementation of the Credit Risk Management Framework which includes credit policies, credit committee governance charters, portfolio monitoring and reporting within the organization, thereby assisting to maintain credit exposures within approved parameters. The job role will...

  • Credit Risk Manager

    23 hours ago

    Cape Town, Western Cape, South Africa Fempower Personnel Full time

    Job Description:Fempower Personnel is seeking a highly skilled Credit Risk Manager to join our team. As a Credit Risk Manager, you will be responsible for assisting in the development and implementation of credit risk management policies and procedures.Main Responsibilities:Develop and Refine Credit Risk Management Policies: Review and maintain credit risk...

  • Business Credit Risk Manager

    5 days ago

    Cape Town, Western Cape, South Africa FinChoice Full time

    FinChoice is an innovative, consumer-facing fintech that specializes in providing fast loans and affordable insurance products. As a leading digital financial services provider, we are committed to delivering exceptional customer experiences through our cutting-edge technology.The credit risk team forms an integral part of the FinChoice business,...

  • Credit Risk Manager

    2 days ago

    Cape Town, Western Cape, South Africa West Coast Personnel Full time

    **Overview of the Job:**At West Coast Personnel, we are looking for a skilled Credit Controller to handle our company's credit functions. This role requires someone with excellent analytical and communication skills, as well as extensive knowledge of the construction industry and credit insurance companies.Key Responsibilities:Manage Credit Applications:...

  • Credit Risk Manager

    1 week ago

    Cape Town, Western Cape, South Africa Yoco↗︎ Full time

    Who we areYoco is one of Africa's largest fintech companies, building an ecosystem of intuitive, dynamic payments and business tools. These connected tools are easy to tailor to diverse business needs, enabling brave businesses to do better and grow.Founded in 2015, we now process over US$3 billion annually for over 400,000 businesses.We are powered by over...

  • Credit Risk Manager

    1 day ago

    Cape Town, Western Cape, South Africa Partech Partners Full time

    Who We AreYoco is one of Africa's largest fintech companies, building an ecosystem of intuitive, dynamic payments and business tools.These connected tools are easy to tailor to diverse business needs, enabling brave businesses to do better and grow. Founded in [year], we now process over US$3 billion annually for over [number] businesses. We are powered by...

  • Credit Risk Manager

    4 days ago

    Cape Town, Western Cape, South Africa Absa Bank Full time

    Job SummaryTo support the credit risk process through comprehensive and quality credit risk functions within the credit lifecycle, ensuring shared growth within internal policies and external regulations for SME Business clients.Key ResponsibilitiesPerform quality credit sanctioning within the Operational Level Agreement (OLA), being cognizant of risks,...

  • Credit Risk Manager

    23 hours ago

    Cape Town, Western Cape, South Africa wePlace Full time

    We are looking for a talented Credit Risk Manager to join our team at WePlace. As a Credit Risk Manager, you will be responsible for leading a team of specialists within Credit Decision Science (Collections, Recoveries, Account Management) function to perform analysis to translate active business data into usable strategic information to inform the business...

  • Credit Risk Manager

    4 days ago

    Cape Town, Western Cape, South Africa Standard Bank of South Africa Limited Full time

    About the RoleThis Commercial Banking Executive position requires a professional with expertise in credit risk management, people leadership, and financial analysis. As part of our team at Standard Bank of South Africa Limited, you will ensure timely submission of prepared credit applications and dealer approvals in line with the bank's lending policy.Key...

  • Credit Risk Analyst

    1 day ago

    Cape Town, Western Cape, South Africa Tumaini Full time

    A well-known retail organization is looking for a Credit Risk Analyst to join their team.Assist the team to achieve a balanced credit portfolio by accurately forecasting expected results. Develop and implement champion/challenger customer strategies that deliver performance in line with Board expectations. Monitor portfolio performance and ensure book...

  • Credit Risk Manager

    23 hours ago

    Cape Town, Western Cape, South Africa AltGen Full time

    We are seeking an experienced Credit Risk Manager to join our team of industry experts in the renewable energy sector. As a Credit Risk Manager, you will be responsible for evaluating counterparties and assessing their creditworthiness.Main Responsibilities:Conducting meticulous credit analyses and developing sophisticated modelsReviewing intricate legal...

  • Strategic Credit Risk Manager

    23 hours ago

    Cape Town, Western Cape, South Africa Absa Group Limited Full time

    At Absa Group Limited, we are looking for a skilled Strategic Credit Risk Manager to support our credit risk process.About the RoleWe are seeking a talented individual to perform quality credit sanctioning within the Operational Level Agreement (OLA).The ideal candidate will assist stakeholders with growth by assessing and structuring client needs, ensuring...

  • Credit Risk Specialist

    23 hours ago

    Cape Town, Western Cape, South Africa MECS Africa Full time

    About the Role:We are seeking a skilled Senior Credit Analyst to lead our credit review process and provide expert advice on credit risk management.Responsibilities:Financial Statement Analysis: Analyze financial statements and credit agency reports to inform credit decisions.Business Plan Evaluation: Assess business plans of new Retail clients to determine...

  • Credit Risk Expert

    23 hours ago

    Cape Town, Western Cape, South Africa Hyperclear Tech Full time

    We are seeking a Credit Risk Expert to join our team at Hyperclear Tech. In this role, you will be responsible for leading analytics projects and delivering client consulting and analytics projects. The ideal candidate will have a strong background in data science and analytics, with a focus on credit risk management.Key Responsibilities:Develop credit risk...

  • Analytics Expert

    23 hours ago

    Cape Town, Western Cape, South Africa Tumaini Full time

    Tumaini is a leading retail organization seeking a skilled Credit Risk Analyst to join their team.The ideal candidate will have a strong background in mathematical or statistical subjects and 2+ years of experience in consumer credit within a Credit Risk analytics environment.A good understanding of the credit life cycle and experience in SAS (base and/or...

  • Risk Management Specialist

    23 hours ago

    Cape Town, Western Cape, South Africa Fempower Full time

    About the RoleThe Financial Control Manager is a pivotal role within Fempower, responsible for ensuring the effective implementation of the Credit Risk Management Framework. This involves developing and refining credit risk management policies and governance charters, as well as monitoring and reporting on portfolio performance.Key...

  • Risk Management Professional

    23 hours ago

    Cape Town, Western Cape, South Africa Fempower Personnel Full time

    About the Role:Fempower Personnel is looking for a talented Risk Management Professional to lead our credit risk management efforts. As a key member of our team, you will be responsible for developing and implementing credit risk management strategies that minimize potential losses.Key Responsibilities:Credit Risk Assessment: Analyze credit applications,...

  • Credit Risk Management Professional

    4 days ago

    Cape Town, Western Cape, South Africa Standard Bank Group Full time

    About the RoleWe are seeking an experienced Credit Risk Management Professional to join our team. As a key member of the business development team, you will be responsible for ensuring that prepared credit applications and dealer approvals meet the required standards.You will work closely with stakeholders to provide industry and asset finance specialist...

  • Chief Credit Risk Officer

    23 hours ago

    Cape Town, Western Cape, South Africa Absa Group Full time

    Job SummaryThe Absa Group is seeking a skilled Chief Credit Risk Officer to support the credit risk process by carrying out comprehensive and quality credit risk functions within the credit lifecycle. This role involves creating shared growth within the boundaries of internal policies and external regulations for SME Business clients.Credit...