Head of Mmh Credit Risk

-Introduction

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.
Role Purpose

The Head of Credit Risk has day to day responsibility for Shareholder Credit Risk and reports to the Head of Balance Sheet Management. In addition, this position oversees overall credit risk management of MM Holdings group with a dotted reporting line to the Group Chief Risk Officer.
Requirements
- CA(SA) / CFA
- At least 10 years Credit Risk Management experience
- Preferable experience in structured finance transactions
Duties & Responsibilities

**BSM/Shareholder role**
- Ultimate responsibility for all shareholder direct or shareholder guaranteed credit risk across the MMH group, including all subsidiaries, licensed entities and any other business structure, in respect of shareholders.
- Oversees and manages the analysis of new credit approvals.
- Ensure the annual review of existing credit exposures is done effectively.
- Establish and maintain an internal credit rating capability.
- Establish and maintain an internal credit economic capital framework and ensure that this framework is integrated into MMH’s wider economic capital framework.
- Establish and maintain a credit risk appetite for shareholders.
- Discussion and presentation of the above to the credit risk governance forums as required.
- Optimise Murex system to improve efficiencies in the credit workflow.
- Provide input into the legal process and other legal documentation in transactions where shareholders assume direct exposure to credit risk.
- Continuously engaging on any potential credit risks arising on existing exposures.
- Manage distressed credits to optimise recoveries.
- Effective leadership of Credit team.
- Provide guidance and oversight to the credit quantitative risk analyst.

**Group Role**
- Establish and define the overall framework for the consistent and unified governance, identification, measurement, monitoring, management and reporting of credit risk across MMH, including instances where asset managers are mandated to manage credit assets.
- The credit risk framework includes shareholder credit risk (including reinsurance
- and receivables credit risk) and credit risk that is assumed on behalf of the clients of MMH.
- Develop and maintain co-operative relationships between all stakeholders in the credit value chain.
- Report on and oversee credit risk across the group, including clients and shareholders.
- Establish an appropriate MMH level credit risk appetite (i.e. for shareholder and client portfolios) in cooperation with the credit risk management community. This appetite statement reflects the fact that MMH, by nature of its business, assumes significant exposure to credit risk on behalf of its clients where those clients bear the investment risk.
- Coordinate the delivery of a credit risk management plan.
- Establish the annual plan for credit risk management.
- Ensure efficient and effective use of credit risk management infrastructure (systems and processes).
- Coordinate credit risk community/leadership sessions.
- Risk Exco and Credit committee membership.
- Responsible for all SAM and regulatory credit related requirements.
Competencies
- Strong business acumen
- Proven knowledge and experience in credit analysis of corporate and public sector credit risk, including secured and unsecured lending, project finance and workouts.
- Ability to lead the process, work independently, with little oversight and handle multiple demands.
- Ability to ask relevant, informed and intelligent questions about transactions, structures, relationships and risks.
- A sound understanding of legal risk pertaining to legal documentation for lending transactions.
- Negotiation and conflict resolution skills. Maintain and nurture relationships with peers, portfolio managers and managers while retaining the ability to challenge them.
- Strong computer skills, proficiency with Microsoft Office Suite, Murex, Credit tools.
- Clear and concise verbal and written communication skills.
- Customer/stakeholder commitment.
- Sound judgment, logical reasoning and strong drive for results and success.
- Proven track record in a leadership position and the ability to manage a team of credit analysts.
- Leads change and innovation.
- Motivating and inspiring team.
- Solid presentation skills.
- Collaboration.
- Impact and influence.
- Self-awareness and insight.
- Diversity and inclusiveness.
- Growing talent.

Policy

We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.