Credit Risk Specialist
4 days ago
We are seeking an experienced Credit Risk Specialist to join our team. In this role, you will be required to assess the credit risk of existing portfolios so that risk is managed and mitigated in line with the bank's credit policy.
Key Responsibilities:- Credit Policy Management:
- Align with the bank's credit policy and identify cross-sell opportunities.
- Prepare and recommend credit applications within set parameters.
- Assess credit risk by examining savings, debt repayment history, earnings, and purchase activities.
- Recommend credit terms, such as issuing or rejecting credit cards, or adjusting limits.
- Review the financial status of customers to determine risk levels.
- Use financial ratios and industry benchmarks to evaluate cash flow and loan repayment ability.
- Client Service Management:
- Meet service level agreements by understanding client needs, providing guidance, and responding promptly.
- Enhance client satisfaction by sharing knowledge and developing the skills of the client service team and stakeholders.
- Build strong relationships with internal stakeholders by attending meetings and supporting their strategies.
- Build and maintain strong relationships with external clients by understanding their business and industry.
- Performance and Compliance:
- Achieve targets by using management information systems to measure performance.
- Understand client needs and provide timely guidance and recommendations to meet service level agreement standards.
- Share knowledge with client service team members and stakeholders.
- Min 3 Years' Credit Analysis experience in assessing creditworthiness of current and prospective clients.
- Min 3 Years' Business Banking experience in evaluating current and prospective clients' financial statements and credit reports to determine their ability to honor debt obligations.
- NQF Level 6 or Higher in a Financial Management, Accounting, or Analysis-related field.
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