Credit Manager: Special Portfolio

**Job Purpose**
- The Credit Manager is responsible for the proactive management of financially distressed and non-performing clients. This includes understanding clients' businesses, setting appropriate client strategies, and being solution-driven.
- This role supports the Senior Credit Manager, Credit Executive, and Divisional Credit Executive in managing a portfolio of high-risk clients through interactions with CIB IB&TS, Coverage, Property Finance, Rest of Africa, and Special Portfolio’s Credit, Legal, and Administration structures, as well as managing multi-lender situations in consortiums.

**Responsibilities**:
**Credit Risk Assessment**:

- Conduct thorough credit risk assessment by validating client documentation and financial information, highlighting risks and mitigants as part of comprehensive credit risk evaluations.
- Attend client meetings and record relevant notes.
- Ensure compliance with sanctioning and credit decisions based on credit policy guidelines and appropriate mandated authority.
- Prepare Stage 3 ECL calculations for non-performing loans.
- Provide input for ECL and RWA forecasts in the budgeting process.
**Portfolio Management**:

- Manage daily excesses and provide recommendations.
- Prepare monthly and quarterly updates for internal watchlist reporting.
- Manage month-end procedures including submission of Stage 3 ECL.
- Proactively manage Probability of Default (PD) and Loss Given Default (LGD) ratings, ensuring continuous updates to financial information models.
- Monitor the implementation of approved credit decisions and track clients’ financial health post-restructuring.
- Seek opportunities to improve business policies, processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
- **Research and Analysis**:

- Prepare and review MIS reports for credit and operational risk monitoring, including model back-testing and calibration. Ensure accuracy of financial spreads used as input into the modelling process.
**Stakeholder Collaboratio**n
- Collaborate with stakeholders across CIB IB&TS, Coverage, Property Finance, and Special Portfolio to develop tailored financial strategies for clients.
- Engage with external parties such as clients, auditors, legal advisors, and consortium banks to support credit and restructuring processes.
**Regulatory Compliance**:

- Ensure compliance with regulatory frameworks and internal policies, including Basel (distressed restructures), IFRS, and tax considerations, by consulting relevant experts.
**Committee Participation**:

- Actively contribute to Special Portfolio credit committee discussions with insights and recommendations.
Present proposed client strategies for consideration at various credit committees.
**Personal Career Development**:

- Identify training courses and career progression for self through input and feedback from management.
- Essential Qualifications - NQF Level
- BCom degree or equivalent
- Preferred Qualification
- BCom degree (Hons), preferably with Honours in Finance or Accounting
- CA would be advantageous
- Minimum Experience Level
- 2-4 years of relevant experience
- Insolvency knowledge advantageous
- A working knowledge of various bank products such as current accounts, treasury products, foreign products, asset, and trade finance.

**Technical / Professional Knowledge**
- Banking procedures
- Business principles
- Communication Strategies
- Data analysis
- Governance, Risk and Controls
- Nedbank policies and procedures
- Principles of project management
- Relevant regulatory knowledge
- Decision-making process
- Cluster Specific Operational Knowledge
- Behavioural Competencies
- Communication
- Decision Making
- Initiating Action
- Managing Work
- Quality Orientation
- Technical/Professional Knowledge and Skills
- **_Please contact the Nedbank Recruiting Team at +27 860 555 566_