Chief Credit Officer Rb Risk

2 weeks ago

Sandton, South Africa Absa Bank Limited Full time

Bring your possibility to life Define your career with us
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary

The Chief Credit Officer (CCO) RB role is a senior executive role that oversees the credit risk management function of Relationship Banking (RB). The CCO RB is responsible for the end-to-end management of the credit portfolio incorporating origination and acquisitions, sanctioning, portfolio performance and collections/recovery strategies.

In providing enterprise leadership across the RB Credit portfolio, the CCO will be required to maintain and inculcate a solutions-focused mindset; drive and inform the right level of debate/commerciality; ensuring execution within agreed timeframes; ensure the desired balance between risk and reward; and protect the quality of the Bank’s asset book through the cycle.

The role incumbent will be expected to have a finely tuned sense of risk-taking and an effective credit strategy thought leadership and execution capability.

The CCO is a member of the RB Risk Executive team and reports directly to the RB CRO and will be required to influence the company’s direction and thrive in a diverse and dynamic environment.

The incumbent must have exceptional leadership and communication skills to drive a large team of credit risk professionals. Demonstrating insightful and commercial thinking, together with gravitas and presence, will be key for the CCO to win the respect and trust of senior stakeholders.

**Job Description**:
Accountability: Providing Strategic Leadership
- Design and align the strategic vision and direction of the RB Credit Risk target operating model and architecture to the RB strategy.
- Stay abreast of industry trends and role players and ensure that the RB Credit Risk function is well positioned to provide competitive and industry leading services.
- Identify strategic role players and stakeholders and engage all stakeholders, role players and industry forums to gain an understanding of and respond to changes in strategy, regulations, and markets.
- Set and communicate a long-term strategy that clearly articulates strategic targets and metrics to align to the overall RB business strategy.
- Direct the review and design of the business architectures for RB Credit (i.e. people, systems, processes, products, market segments, geography) to maintain a competitive advantage, manage costs and improve profitability.
- Give clear direction to leaders in the RB Credit team on the strategic and operational focus areas that need to be delivered.
- Drive the development and tracking of tactical plans and scoreboards and take corrective actions where required.
- Drive the development and execution of strategic projects across the RB Credit portfolio.
- Drive sustainable cost and processing efficiencies through continuous innovation, industry benchmarking and alignment to best practice thinking.
- Establish appropriate governance structures to facilitate decision making, strategic risk management and portfolio performance tracking.

Accountability: Credit Infrastructure, Models and Data
- Drive strategic system architecture for the RB Credit Risk function, ensuring an integrated landscape and ensuring that the function benefits from a holistic architectural approach.
- Ultimate owner of RB Credit models and plays a pivotal role in shaping model development and implementation.
- Design and own RDARR-compliant processes and controls for updating all artefacts across the function and play a role in shaping the credit data landscape.

Accountability: Driving Business Performance
- Position RB Credit as a key service provider to the relevant business units serving as its customer.
- Implement performance controls to proactively measure achievement against strategic targets and address changes or non-performance.
- Contribute to the strategic direction of the Bank through the setting of appropriate risk appetite parameters and lending strategies ensuring loss minimisation is balanced with appropriate levels of risk-taking.
- Provide ongoing advice and direction to the operational environments managed by this role in terms of the areas of focus, opportunities, key targets and relative policies, legislative and regulatory environments.
- Pro-actively manage the RB Credit lending portfolio, monitor internal metrics as well as external economic and market indicators to identify current or future areas of stress, and drive appropriate actions.
- Drive the proactive negotiation of service level contracts with business unit heads with a continued focus on improved performance, reduction in turnaround times and reduced cost to serve.
- Shape and influence the deal pipeline appropriately through membership of relevant committees.
- Arti

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