Credit Executive: Special Portfolio

2 weeks ago

Johannesburg, South Africa Nedbank Full time

**Job Purpose**
- Lead a team of managers to proactively manage high risk clients across differing industries - understanding client’s businesses, maximizing customer retention and rehabilitation, without compromising the bank’s risk and minimising credit impairments.
- The purpose of this role is to effectively and efficiently manage a portfolio of high risk clients, both internally and externally, whilst mentoring and managing a team of managers.
- The role involves complex, high value transactions where, without intervention and management, could lead to significant financial losses to the bank.

**Responsibilities**:

- Formulation and recommendation of fitting client strategies and decisions to a mandated credit committee.
- Overall responsibility for implementing credit decisions and monitoring the financial health post the implementation of credit decisions.
- Provide regular feedback to internal stakeholders as well as a member of the Watchlist Committee for high-risk clients, and the ongoing assessment of impairments on high risk clients.
- Decision maker in Special Portfolio Committee.
- Interacting with various stakeholders across the bank to ensure appropriate solutions are generated for each client.
- Lead interactions with clients, external auditors, lawyers and other banks.
- Meet own and stakeholder objectives by identifying; building and maintaining relationships with stakeholders impacted by credit risk.
- Ensure client satisfaction and profitability by driving the development of solutions and implementing solutions.
- Ensure integrity of reporting of portfolio of clients, forecasting specific and portfolio impairments based on underlying strategy of each client and managing portfolio accordingly.
- Provide input and assistance to Head of unit with regards to credit policy, mandates, processes and systems within the Special Portfolio environment.
- Negotiate acceptable terms and conditions on behalf of Nedbank in various creditor forums and lead by example for more junior staff.
- Ensure adherence to compliance and other regulations governing the actions of any particular client.
- Ensure that any exceptions are escalated to the appropriate governing body within the bank.
- Provide technical input for the continuous refinement and implementation of rating models to ensure compliance with regulatory requirements.
- Ensure transformational target are met through consideration of targets during the staff recruitment; retention and training process and utilising suppliers listed on the preferred supplier list for department.
- Contribute to a culture conducive to the achievement of transformation goals and support business strategies that improve the corporate image by ensuring self; managers and team participation in Nedbank culture building initiatives.
- Participate and ensure managers encourage staff to participate and support corporate social responsibility initiatives for the achievement of business strategy (e.g.: Green Strategy).
- Ensure issues raised in culture survey are addressed and results are improved by ensuring action plans are created and executed.
- Deliver a world class service through others by ensuring a client centric culture through required interventions.
- Identify areas of resource inefficiencies and promote optimisation through promoting multi-skilling and addressing capacity gaps by reviewing and improving work processes.
- Optimise efficiency and embed correct values by ensuring direct reports understand and support Nedbank's vision; values and strategy and are measured on delivery against these.
- Manage performance of direct reports and hold them accountable for managing the performance of their direct reports by implementing performance agreements.
- Identify relevant development needs by assessing own performance and behaviour through formal and informal feedback.
- Maintain a high performing team by identifying a talent pool through conducting career conversations and utilising the talent grid principles and developing talent retention programmes (eg: job rotation).
- Build depth of skills and knowledge in the team of managers by sharing knowledge and insight with team members; ensuring mentoring; coaching and day to day activities.
- Essential Qualifications - NQF Level- Professional Qualifications/Honour’s Degree
- Preferred Qualification- B.Comm Honours / Master’s Degree / Chartered Accountant.
- Minimum Experience Level- 8 - 10 years credit exposure experience with decision making, 3 -5 years people management experience.
- Working experience of Chapter 6 of the Companies Act of 2008 as well as a good understanding of the Insolvency Act.
- A good working knowledge of financing and security structures.

**Technical / Professional Knowledge**
- Budget forecast assumptions
- Business administration and management
- Capacity planning
- Change management
- Financial Accounting Principles
- Governance, Risk and Controls
- Principles of project managemen

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