Head: Credit Risk Workouts

3 weeks ago

Centurion, South Africa Land Bank Careers Full time

**Job Advert Summary**:
(Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.

**MAIN PURPOSE**OF THE JOB**

The position reports directly into the Workout & Restructuring Business Area and the delivery is based on all credit risk matters related to workout & restructuring. Manage all credit assessment functions related to the Workout & Restructuring of defaulted loan facilities. Manage, review and recommend improvements to all lending activities and risks associated to credit granting and underlying clients within approved Land Bank mandate and risk appetite as determined by the Bank from time to time in accordance to approved Credit Policies, norms and mandates, based on post mortem findings and reviews conducted on the defaulted W &R portfolio. Provide leadership to ensure that the key strategic objectives are met. Responsible to manage and mitigate credit risk resident across W&R portfolios segmented across the Banks Regional Business units. Be responsible for adopting and optimising a best fit operational model with the appropriate finance, governance and risk framework and controls, and ensure alignment with the Bank's guidelines, policies and legislation
- Establish, input, implement and take lead in the reviewing of credit policies; procedures; credit risk frameworks in collaboration with internal and external stakeholders.
- Introduce and embed operational efficiencies by implementing a customer centric credit strategy function inclusive of related policies, norms and SOP and making informed credit recommendations.
- Identify improvement opportunities to credit processes which will reduce risk by conducting gap analysis for emerging commercial farmers, medium and large commercial farmer segments at a regional level and support Land Bank’s prudent lending approach.
- Manage credit risk by keeping abreast of appropriate legislation through relevant research and benchmarking to align to industry best practices.

**Key Performance Areas**:
**1. Formulate and implement W&R credit strategy**
- Analyse the Bank Strategy and Roadmap to determine future trends, strategic direction and implications to Commercial Banking and Transformation Credit function
- Compile the W&R Credit strategy and roadmap aligned to overall Bank Strategy and Commercial Plan and buy-in
- Design and implement the WR Credit business plan for each financial year aligned to the approved overall Land Bank Corporate Plan.
- Facilitate credit process improvement and act as a further interface between Banking and Credit Divisions based on the deficiencies identified in WR defaulted loans.
- Promote the principle of Treating Customers Fairly (TCF) by providing direction and monitoring the delivery of the TCF behaviours and outcomes.
- Work with banking senior management, internal and external stakeholders to ensure credit offering are tailor-made to support Land Bank’s customer value proposition

**2. Develop and ensure compliance to all credit policies and agricultural evaluation norms**
- Ensure compliance to all credit criteria and agricultural evaluation norms which are in line with best practice
- Roll-out approved credit policies and in collaboration with internal stakeholders and implement effective training interventions
- Align and review Credit policies and agricultural evaluation norms to the Land Bank risk appetite
- Ensure that policies are clear, transparent and are communicated to all stakeholders
- Address internal audit findings and put remedies in place to prevent future similar findings
- Implement, monitor and review credit risk models, credit submissions and align to changing environments
- Remain abreast of changing agricultural trends and align agricultural evaluation norms
- Compile reports as required for the different governance structures and management.
- Ensure that client's information is updated on the relevant systems as and when required in collaboration with the Specialist: Compliance and Admin

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