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Risk Management Specialist: Credit Portfolio Optimization

2 months ago


Johannesburg, Gauteng, South Africa The Skills Mine Full time
Job Description

The Skills Mine is seeking a seasoned Credit Risk Professional to join our team as a Portfolio Manager: Credit Risk. In this role, you will be responsible for monitoring the performance of our credit portfolios, identifying trends and potential risks, and recommending appropriate risk mitigation strategies.

Key Responsibilities
  • Portfolio Performance Monitoring: Analyze and monitor the performance of our credit portfolios, identifying trends and potential risks.
  • Risk Mitigation Strategies: Develop and implement risk mitigation strategies to minimize potential losses and maximize risk-adjusted returns.
  • Reporting and Presentations: Prepare and present regular reports to senior management, highlighting key risk metrics, trends, and recommendations.
  • Model Risk Management: Manage model risk for our credit portfolio, ensuring that models are accurate, reliable, and aligned with regulatory requirements.
  • RDARR Compliance: Ensure that our credit risk management processes are aligned with regulatory requirements and industry best practices.
  • Credit Process Improvement: Contribute to the efficacy of our credit processes and help shape our credit risk appetite levels.
  • Optimal Credit Cut-off Strategies: Ensure that optimal credit cut-off strategies are in place to optimize the profitability of our credit portfolios over the medium to long term.
  • Credit Risk Framework: Ensure that our Credit Risk framework and related credit policies are aligned to regulatory developments, are appropriate and effective, align with our overall objectives and strategic direction, and that portfolio and concentration risks are proactively managed.

Requirements

  • Education: Bachelor's degree in mathematics, statistics, data science, or a related quantitative field, preferably with a suitable post-graduate qualification.
  • Experience: 7 years + experience in credit risk management, with a strong foundation and understanding of the various kinds of models used in the credit value chain of high-volume portfolios.
  • Industry Experience: Experience working in the banking sector.
  • Portfolio Experience: Experience across the entire credit value chain would be a strong advantage (Unsecured Consumer and SME Credit portfolios preferable).