Strategic Credit Risk Manager and Portfolio Specialist

3 weeks ago

Sandton, South Africa FirstRand Bank Limited Full time

Job Description

This is an exciting opportunity to join FirstRand Bank Limited as a Strategic Credit Risk Manager and Portfolio Specialist. The successful candidate will be responsible for evaluating, managing, and approving complex credit risk within their area of responsibility.

Key Responsibilities

  • Provide advice, recommendations, and support to internal stakeholders through the implementation of group credit mandates, risk frameworks, and methodologies.
  • Manage respective portfolio within the bank's risk appetite and asset growth budget and target.
  • Assess and approve annual review and/or ad hoc requests of all counterparties within allocated portfolio and mandate structure.
  • Conduct client visits with frontline sales representatives as and when required.
  • Presentation to Credit committees determined by mandate levels (e.g., Commercial Credit Committee, Provincial Credit Committee, and National Pre-screen Committee).
  • Active member of Regional Credit Committee.
  • Identify and manage credit risk at origination on an ongoing basis.
  • Daily excess monitoring of counterparties in their portfolio.
  • Monthly/Quarterly/Bi-annual or Annual covenant compliance monitoring Approve or recommend counterparty exposure across multiple products (working capital facilities as well as specialised finance and term loans) for area of responsibility.
  • Assess and approve credit in terms of approved mandate through quantitative and qualitative analysis, to minimise Credit Risk to the business and manage the credit approval process.
  • Assess credit applications, structure and compile proposal for presentation at the credit committee or higher mandate holders.
  • Ensure credit approvals are conducted within appropriate governance (legislative and audit), process, and mandate requirements.
  • Ensure average approval turnaround time on deals and related reworks within acceptable norms.
  • Workflow management within agreed SLA's.
  • Provide on-the-job coaching and guidance to the Credit Manager I.
  • Participate in planned activities that are appropriate for own development.
  • Develop, encourage, and nurture collaborative relationships across area of specialisation.
  • Develop and manage key stakeholder relationships that enable achievement of operational objectives.
  • Drive customer service delivery goal achievement in line with predefined standards and in support of operational objectives.
  • Ensure compliance to legislative and audit requirements and adherence to relevant processes.
  • Maintain expert knowledge on relevant legislative amendments and industry best practices and provide advice to relevant stakeholders.
  • Maintain up-to-date knowledge of local and global trends.

Job Details

This position is based in a major city and requires a salary of R750,000 - R1,000,000 per annum, depending on qualifications and experience. The successful candidate will be required to work in a fast-paced environment, making decisions that impact the bank's risk exposure. If you are a strategic and analytical individual with excellent communication skills, please submit your application, including your CV and a cover letter, to the relevant contact person. Please note that applications will not be accepted after 02/11/24.

FirstRand Bank Limited is an equal opportunities employer and supports the employment equity plan. The bank is committed to providing a work environment that is inclusive and respectful of all employees. The bank will consider applications from individuals with disabilities and encourages them to disclose their disability information on a voluntary basis.

Please note that the bank is not responsible for any costs associated with the application process.

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