Credit Risk Executive

1 month ago

Randburg, South Africa Manpower Group SA (Pty) Ltd Full time
PRINCIPAL OBJECTIVE OF POSITION
To lead and manage credit risk strategy and execution for the organisation including reviewing and approving credit within delegations, managing contractual and portfolio compliance, optimising collections and managing loan work out, restructuring  and related processes to manage risk exposure to  support client success and  business growth.

Responsibilities:
  • To contribute to the organisational strategy development by understanding the key strategic priorities and providing inputs annually
  • To develop the organisational credit risk strategy by understanding the business strategy, sector strategy and overall risk appetite, identifying the Credit Risk requirements to support implementation and achievement of the business strategy and developing the credit risk strategy using established methods for approval annually and as required
  • To develop the operations plan by understanding the strategy, developing the plan including all projects and key performance measures and submitting plans for approval annually and as required
  • To manage performance and quality of service by tracking delivery against the agreed deliverables and performance indicators, identifying areas of concern and implementing corrective action monthly and as required
  • To draft policies by reviewing the credit risk environment, good practices, market environments, developing policies that support the business environment, communicating policies and facilitating implementation as required
  • Develop and implement credit policy, procedures and guidelines that manage business risk and sector trends within the risk appetite and the close business proximity of the Company.
  • Promote the adoption of best practice by developing appropriate standards and frameworks that effectively support the Company’s competitive position in the market and good governance.
  • To manage development and implementation of business processes by monitoring efficiency, tracking improvements and compliance, identifying areas for improvement, and recommending amendments as required
  • To manage overall credit risk by reviewing lending proposals, evaluating the overall risk, identifying tenable risk levels and risk mitigation measures. providing feedback on proposals and approving credit risk within defined delegations weekly and as required
  • To advise on credit risk by analysing credit related trends and patterns, identifying key areas for consideration, engaging with and communicating insights and recommendations across the business and monitoring impact of any changes as required
  • To oversee arrears levels by monitoring clients in arrears, tracking implementation of rehabilitation measures, monitoring effectiveness of rehabilitation, assessing arrears risks and deciding on hand over for legal action monthly and as required
  • To monitor risk metrics by reviewing and confirming accuracy of financial risk metrics, monitoring IFRS stage 2 risk triggers and integrating improvements and providing input into the overall risk model as required
  • To optimise collections by managing portfolio performance, overseeing identification of early warning signs, monitoring the Stage 2 watchlist and related provisions and implementation of proactive corrective measures, reviewing collections levels and addressing areas of concern monthly and as required
  • To report on credit risk by reviewing the credit status, analysing and identifying trends, addressing any watchlist and related provisions findings and drafting and presenting reports as required
  • To influence Credit Memo preparation by analysing credit trends and patterns, interpreting trends per client and market segments, providing insight on credit considerations and communicating to relevant stakeholder groups quarterly and as required
  • To manage overall portfolio compliance by tracking compliance with substantive and routine contractual conditions, identifying areas of risk and implementing mitigating measures monthly and as required
  • To oversee operational construction management risk by reviewing overall portfolio reports and risk, reviewing risk mitigation measures implemented, identifying areas of concern and recommending and monitoring implementation of corrective action monthly and as required
  • To manage asset quality monitoring and review by tracking and monitoring compliance with policies and business processes, reviewing overall portfolio building maintenance, valuations and compliance, identifying areas of risk, reviewing reported early warning signs and recommended action and managing implementation of additional risk mitigation measures monthly and as required
  • To develop departmental budgets by understanding operational requirements, drafting budget and submitting for approval annually and as required
  • To build and maintain strong stakeholder relationships by liaising with key internal and external stakeholders, providing input and feedback on credit risk appetite and action, receiving feedback and contributions, and collaborating as required
  • To be a trusted advisor in structuring appropriate financial solutions by building credibility with internal and external stakeholders, providing advice and guiding credit and risk related conversations, contributing to the sector strategy, managing the portfolio and sharing insights, innovations and good practices as required
  • To support audit processes by engaging with internal and external auditors in the assessment of technical issues, compliance and credit assessment quality, communicating the credit position and policy interpretations and sharing insights, strategies and responding to queries as required.
Requirements:
  • A relevant NQF 7 is required in Banking, Credit Management, Commerce, Risk Management or similar
  • 8 – 10 years in a Credit Risk Management role in the Commercial Property Finance, Development Finance and/or Financial Services sector is required
  • A CFA and/or Professional Risk Manager (PRM) and ACCA/ACIB certification are preferred.
  • 5 years staff management experience is required
  • Demonstrated experience and understanding of credit risk life cycle, principles and financial statements in the commercial property finance lending, collateral and collections processes
Please note only shortlisted candidates will be contacted

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