Credit Risk Manager

4 weeks ago

Randburg, South Africa FirstRand Full time

About us, purpose, experience and qualifications

**about us**:
**purpose**:

- Maximise the banks Risk-Adjusted Rate of Return by managing credit risk in the entire portfolio and individual transactions as well as managing Credit Analysts**experience and qualifications**:

- Minimum Qualification - Relevant Degree or Diploma
- Preferred Qualification - LLB
- Experience - 3 to 5 years experience in a similar environment, of which 1 to 2 years ideally at junior (entry level) management level**additional requirements**:

- No Referral plan is assigned to this job

**responsibilities**:

- Achieve year on year Total Revenue Growth for the Business
- Reduce Bad debts as a percentage of performing loans utilisation based on effective lending principals applied during approval
- Establish a sound Credit Risk Management culture through awareness of campaigns to influence behaviour and drive the importance of credit compliance.
- Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project managers and senior staff members
- Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
- Ensure that your team meet set targets in respect of excesses, expired limits and covenant monitoring
- Make findings and detail analytics available to business to drive significant optimization of risk-return through strategic portfolio mix changes, tactical credit appetite setting, pricing/return optimization and influencing credit origination strategy
- Comply with governance in terms of legislative and audit requirements
- Ensure the deep insights developed in this process translate into real economic and financial benefits for the business through strategic input, influencing of credit decisions and pricing of retail credit
- Development of models that predict the output/conditional probability distributions of impairments under assumed input distributions of macroeconomic parameters and utilizing estimated linkages between macro and credit variables
- Work with each business unit to identify the relevant macro parameters and build statistical models. Develop computationally efficient approaches and/or algorithms for running statistically significant predictions of output impairment
- Manage security documentation and limit management for Wesbank clients by ensuring the accuracy of security documentation (facility letters and collateral documentation) and maintaining proper limit management processes for Wesbank Clients
- Assess and approve excesses in terms of approved excess mandate to minimise Credit Risk to the business
- Work with various segments to develop forward-looking profitability projection models and data feeds
- Credit Collaboration Strategic Analysis
- Benchmark current practices against the credit risk management framework and adjust practices as and when necessary
- Reconcile and report on monthly credit risk loss to the business
- Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation, achieve efficiencies and increase competencies
- Manage personal development to increase own skills and competencies

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