Executive Unsecured Credit Analytics

5 days ago

Johannesburg, South Africa Nedbank Full time

**Job Requisition Details**
- REQ#133696- Location: Sandton, Johannesburg- Closing Date: 19 May 2024- Talent Acquisition: Bongiwe Mchunu- Job Family- Investment Banking
- Career Stream- Quantitative
- Leadership Pipeline- Manage Function
- FAIS Affected**Job Purpose**
- The Executive Unsecured Credit Analytics oversees the technical risk management policies and the pricing and profitability models for personal loans, overdrafts, and credit cards. This role ensures that the unsecured products in the Consumer Banking cluster within RBB (Retail and Business Banking), are actively managed from a credit risk perspective, balancing the bank’s aspirations for risk, growth, and profitability. The executive will lead a team of quantitative analysts responsible for credit risk analytics, credit policy, pricing and profitability and monthly reporting on new business performance including approval rates, exposure granted and new vintage risk & profitability.- The role will report directly to the Executive Head of VA and pricing in RBB's CVM function. Specific experience managing credit risk in unsecured lending products (Personal loans, Overdrafts, or Credit Cards) is preferred.**Responsibilities**:

- The team's core objective is to manage credit risk and margin within the constraint of each product's cost base to ensure growth aspirations are achieved through appropriate risk-taking, thereby achieving desired headline earnings and ROE targets as set by group and cluster strategy.
- Credit policy management;
- Business Rules informed through quantitative analytics
- Setting marginal risk thresholds to ensure appropriate risk-taking with the ability to absorb fixed cost and add to portfolio profitability
- Affordability assessment including NCA and risk-based practices
- Offer parameters including maximum limits, loan sizes & terms (personal loans)
- Risk-based pricing and fees to meet profitability targets through the development and maintenance of NPV (Net Present Value) and portfolio profitability models
- Explorative analytics and data-driven insights.
- Meet business/function objectives by managing progress against the strategic goals the cluster has committed to against 3-year plans. To inform business strategy and policy, provide insights regarding trends and the impact of the external environment and regulations.
- Take responsibility for developing, validating, and maintaining models, frameworks, and methodologies by creating a conducive environment.
- Monitor external information by researching, analysing, and reporting. Scope; manage and deliver on ad hoc projects by allocating individual resources within set parameters and setting expectations.
- Ensure the portfolio remains within risk appetite limits by managing and/or monitoring and reporting on risk every month. Manage risk by adhering to internal and external compliance and governance policies.
- Continuously enhance quality by reviewing and improving processes, systems, and workflows.
- Build relationships with stakeholders by networking through targeted and informal interactions and consistently delivering quality output to build trust.
- Communicate the team's output to relevant committees/forums to facilitate improved risk measurement and management.
- Engage and manage external stakeholders when required to meet business/function requirements.
- Job Responsibilities Continued- Develop and introduce a people strategy to create a culture that drives the Cluster and Nedbank's vision and values. Manage resources and retain critical staff to build a high-performance team.
- Ensure that the division/function has embraced the leadership agenda by communicating and implementing leadership-relevant strategies and plans with direct reports.
- Manage the performance of reports and hold them accountable for managing the performance of their reports by taking corrective action as required, recognising and rewarding the team.
- Actively build a culture of improvement by ensuring the design and implementation of active talent management and succession planning strategies for divisions/functions and obtaining buy-in from relevant stakeholders.
- Empower the team to make decisions and recommend tailored solutions through coaching and mentoring practices.
- Focus on self-development through coaching and seminars.
- Develop and implement a differentiated culture strategy by analysing relevant surveys and information.
- Measure the effectiveness of differentiated culture plans through staff and client feedback and ensure corrective action plans are developed and implemented.
- Optimize costs by developing and managing the Quants budget.
- Inform business decisions (directly/indirectly) by consolidating; analysing; interpreting and making recommendations based on findings from various projects.
- Essential Qualifications - NQF Level- Matric / Grade 12 / National Senior Certificate
- Professional Qualifications/Honour’s Degree
- Preferred Qualification- Relevant Ma

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