Consumer Head of Credit

2 weeks ago

Johannesburg, South Africa Job Crystal Full time

-South Africa, Gauteng

***
- R125000 - R141000 Per Month

**Area**: South Africa, Gauteng

**Sector**: All
Posted: 30 April 2024

**Job Details**:
A digital bank with a strong entrepreneurial identity and a high-performance culture is looking for a Consumer Head of Credit, who will be accountable for all aspects of credit risk for the Consumer Lending portfolio of the company.

The position includes managing and defining the risk appetite, ensuring that credit processes and solutions are effective, that adequate controls are in place and that portfolios are controlled within the defined risk appetite. They will ensure that leading-edge predictive risk, modelling, and techniques are established and deployed in the business to ensure long term profitability and a sustained competitive advantage. Key performance areas would be Portfolio growth, Portfolio Credit performance, Portfolio profitability, People interaction and management.

Location: Johannesburg, South Africa

**DUTIES AND RESPONSIBILITIES**
- Play the primary role in determining and setting the credit risk appetite level for the Consumer Lending portfolio having considered the risk /reward trade-off in the medium term (through an economic cycle)
- Drive the credit process in the bank for the Consumer Credit Portfolio and agree the risk appetite and mandates and scales
- Ensure optimal credit cut-off strategies are in place to optimise the profitability of the credit portfolios over the medium to long term
- Ensure the Credit Risk framework and related credit policies are appropriate and effective, aligned to the overall objectives and strategic direction of the bank and that portfolio and concentration risks are proactively managed
- Responsible for the derivation and implementation of credit risk strategy across the credit lifecycle
- Represent the credit risk function at the Board and Regulators (when required) and at various other Committees to influence business strategies and actions to ensure that
growth is obtained in the optimal segments
- Develop credit awareness and knowledge, through education and consultation with relevant stakeholders, credit approvers, bank leadership and operational/collections staff
- Through an independent risk function ensure that business lending plans for the company are appropriate and on track to deliver against expectations. This is done by reviewing and providing input to budgets, business cases, new credit products, pricing, target market criteria, credit marketing and advertising material, process changes, etc
- Have a thorough understanding of models that calculate the PD, EAD and LGD for both impairments and capital in the portfolio to ensure that appropriate capital and impairments are held on the portfolio
- Implement and monitor credit limit increase and decrease strategies on the existing portfolio to optimise profits
- Ensure effective, fit for purpose monitoring and accurate reporting for all products within the Consumer Credit portfolios
- Provide input to optimise customer payment strategies to prevent delinquency
- Ensure appropriate and accurate forecasting and predictive tools are in place to monitor credit portfolios and enable pro-active risk decisioning
- Manage and control all compliance, mandatory and regulatory accountabilities in the portfolio including the National Credit Act (NCA), RDARR and the Credit Risk Management Control Framework
- Ensure the effective control and execution of manual credit decisioning and collections activities. (Manual overrides should be kept to a minimum and systems/tools should be leveraged where possible)
- Effectively monitor and review the credit portfolios and make recommendations to the business owners to ensure optimal portfolio performance through the economic cycle
- Ensure that the credit structure and processes are optimal and that costs are effectively managed
- Build an effective and optimal credit team to ensure credit risk is managed
- Review and approve mandate changes
- Represent the company on the relevant industry bodies like BASA
- Assist, as necessary, in other areas of the bank or on certain committees where skills
may be appropriate i.e. ALCO

**REQUIREMENTS**
- Bachelor’s degree with, preferably, a suitable post-graduate qualification
- A South African who, ideally, has a strong contextual grasp of digital banking
- Relevant experience in credit risk management in senior leadership roles
- Should have broad knowledge and experience in digital consumer offerings
- At least 5 years’ experience in portfolio credit risk management (unsecured Consumer and SME Credit portfolios)
- Knowledgeable about the Banks Act, Basel, NCA and other applicable regulatory
requirements
- Operational and business management skills
- Good interpersonal people skills
- Good communication skills
- Ability to manage relationships
- Analytical and critical abilities
- Disciplined and results orientated
- Ability to work independently and drive initiatives w

  • Head of Consumer Marketing and Fundraising

    4 weeks ago

    Johannesburg, South Africa Action Appointments Full time

    The South African Guide-Dogs Association for the Blind provides services to enhance the lives of visually and physically impaired individuals, and children with autism. Based in Johannesburg, the Guide Dogs Association seeks to appoint a HEAD OF CONSUMER MARKETING AND FUNDRAISING The incumbent will be responsible for developing and executing GDA’s...

  • Head of Credit, Risk and Collections

    4 weeks ago

    Johannesburg, South Africa People Source Full time

    Head of Credit, Risk & Collections - Retail Banking group in Sandton. Superb opportunity for a dynamic B Com with 10 to 12 years of Collections, Credit and Risk exposure within Retail Banking with strong legal and Compliance exposure, developing workflows and scoring models, data analytics, AI and risk modelling. As the Head of an established collections...

  • Head of Credit Research Sandton

    6 days ago

    Johannesburg, South Africa The Recruitment Council Full time

    Our client is looking for an individual to join their company as the Head of Credit Research. Our client provides investors access to a range of specialist funds and investment opportunities in global markets. **Responsibilities**: Management: - Propose and oversee credit research strategy and framework for the company’s business - Management of all...

  • Consumer Insights Research Analyst

    5 days ago

    Johannesburg, South Africa Latitude Resource Full time

    An African leader in the geo-spatial market research, data and advisory industries that specialises within the retail, property and investment sectors is seeking to employ an Associate or Consumer Insights Research Analyst with Feasibility Study Research and Data Analytics experience on a permanent basis. The Associate is required for their Consumer...

  • Group Consumables Manager

    4 days ago

    Johannesburg, South Africa LuMac Recruitment and Consulting Full time

    GROUP CONSUMABLES MANAGER Dynamic international company is seeking the services of a GROUP CONSUMABLES MANAGER, to head up the Consumables Business Unit. The position will report directly to the Managing Director. Salary: R65,000 to R70,000 - cost to company. (based on experience) Suitable candidates must conform to the following criteria: Main duties:·...

  • Manager, Products

    6 days ago

    Johannesburg, South Africa Mastercard Full time

    Our Purpose We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our...

  • Credit Risk Portfolio Manager

    5 days ago

    Johannesburg, South Africa iLaunch Full time

    Monitor the performance of credit portfolios, identifying trends and potential risks, and recommending appropriate risk mitigation strategies. Preparingand presenting reports to senior management Managing model risk for the credit portfolio. Ensure the Credit Risk framework and related credit policies are aligned to regulatory developments Contribute to...

  • Credit Manager

    5 days ago

    Johannesburg, South Africa MECS Africa Full time

    South Africa, Gauteng - Jhb Northern Suburbs - R 650000 - R 720000 Annually Cost To Company My client is seeking a Credit Manager with retail store experience. This is an EE opportunity and reports to the Financial Manager. **Requirements**: - Bachelor’s degree in Accounting, Business Administration, Finance/Equivalent - 5 years’ experience as Credit...

  • Business Development Manager and Credit Analyst

    4 weeks ago

    Johannesburg, South Africa JeloCorp Full time

    Main Purpose of the Job:Achieve the Branch and Department targets and budgets and other objectives by working with Department Head and relationship team/s, identifying customers' , analysing and assessing their needs and credit worthiness in order to sell the Branch products to them. To comply with policies and procedures and ensure that all Credit,...

  • Business Development Manager and Credit Analyst

    4 weeks ago

    Johannesburg, South Africa Jelocorp Full time

    Main Purpose of the Job:Achieve the Branch and Department targets and budgets and other objectives by working with Department Head and relationship team/s, identifying customers' , analysing and assessing their needs and credit worthiness in order to sell the Branch products to them. To comply with policies and procedures and ensure that all Credit,...

  • Credit Controller

    3 days ago

    Johannesburg, South Africa The Right Company Full time

    **CREDIT CONTROLLER - JOHANNESBURG - R27000** Currently recruiting for an experienced CREDIT CONTROLLER for a Catering Supply Company in Johannesburg. - Must have full Debtors function experience. - Must have experience in dealing with equipment and service sales - Reconciliations and Handovers Please submit your updated CV, a recent head and shoulders...

  • Credit Controller Johannesburg

    7 days ago

    Johannesburg, South Africa HotelJobs.co.za Full time

    CREDIT CONTROLLER - JOHANNESBURG - R27000 CTC Currently recruiting for an experienced CREDIT CONTROLLER for a Catering Equipment Supply company to be based in Johannesburg. **Duties**: - Managing the debts of creditors - Ensuring timely payments are made - Processing incoming funds - Reconciling invoices - Resolving account queries and managing debt...

  • Senior Credit Controller

    6 days ago

    Johannesburg, South Africa Tower Group Full time

    **Senior Credit Controller** required for a **6 month contract** in Midrand to manage the credit collection portfolio and ensure that the accounts are paid when due. **Key accountabilities**: - Allocate cash payments timeously of customer accounts - Minimise bad debt - Follow up on non-payments - Negotiate payments on accounts - Collect 100% of billing...

  • Senior Credit Analyst

    6 days ago

    Johannesburg, South Africa FirstRand Full time

    Job Description The Position Ashburton Investments is a new generation investment manager that offers investors access to more sources of return and more ways to manage risk. In the institutional space in South Africa as well as our Global business, we pride ourselves on offering solutions to address clients’ holistic balance sheet needs, and to support...

  • Junior Credit Analyst

    4 weeks ago

    Johannesburg North, South Africa Communicate Recruitment Full time

    A well known Investment conglomerate is in the market for an exceptional Junior Credit Analyst. **Job & Company Description**: This company aims to meet the objectives of capital preservation and capital appreciation. You will be responsible for providing the analysis and recommendations on potential credit investments as an input into the credit risk...

  • Credit Portfolio Manager

    2 days ago

    Johannesburg, South Africa Job Crystal Full time

    Job Title: Credit Portfolio Manager Area: Johannesburg, GP A digital bank with a strong entrepreneurial identity and a high-performance culture is looking for a Credit Portfolio Manager to play a pivotal role in assessing, analysing, and mitigating credit risks within the company's portfolio of lending products. They will gain experience across multiple...

  • Senior Credit Controller

    8 hours ago

    Johannesburg, South Africa Vodafone Full time

    . When it comes to putting people first, we're number 1.  The number 1 Top Employer in South Africa.  Certified by the Top Employer Institute 2024. Role Purpose/Business Unit: The purpose of the role is to manage the Dealer and Franchise and Retail credit collection portfolio in the Distribution Credit space. Your responsibilities will...

  • Senior Credit Controller

    4 weeks ago

    Johannesburg, South Africa Adcorp Holdings Full time

    **Synopsis** My client is seeking a Senior Credit Controller to manage the Corporate Key Business credit collection portfolio and ensure that the accounts are paid when due. **This is a 12 month contract.** **Qualification and Experience** - Matric - essential. - Diploma in Credit Management would be an advantage. - 2-5 years of Credit control experience. -...

  • Senior Credit Controller

    4 weeks ago

    Johannesburg, South Africa Adcorp Holdings Full time

    **Synopsis** My client is seeking a Senior Credit Controller to manage the Corporate Key Business credit collection portfolio and ensure that the accounts are paid when due. **This is a 12 month contract.** **Qualification and Experience** - Matric - essential. - Diploma in Credit Management would be an advantage. - 2-5 years of Credit control experience. -...

  • Senior Credit Controller

    4 weeks ago

    Johannesburg, South Africa Ctrack South Africa Full time

    Are you looking to join an innovative and dynamic organisation? We are recruiting for a **Senior Credit Controller** to join our Shared Services team, based at Regional Head Office, Centurion. The Senior Credit Controller is responsible for maintaining accurate high volume key customers accounts records and managing account receivables for the...