Senior Credit Analyst - Johannesburg, South Africa - FirstRand
Description
Job DescriptionThe Position
Ashburton Investments is a new generation investment manager that offers investors access to more sources of return and more ways to manage risk.
In the institutional space in South Africa as well as our Global business, we pride ourselves on offering solutions to address clients' holistic balance sheet needs, and to support business strategies in the reallocation of investment capital in the face of increasing regulatory pressures.
We see institutions as but not limited to, pension funds, long and short-term insurers, re-insurers, as well as medical aid schemes.
The Credit Research function oversees the credit exposures within the Ashburton Investments portfolios/mandates.This includes but is not limited to credit co-investment funds as well as full discretionary mandates for both local and offshore in both the listed and unlisted space.
This role reports to Ashburton Investments Head of Credit Research.
The Senior Credit Analyst will work closely with the Risk function in Ashburton to ensure all breaches per credit limits are reported timeously, and specific action is taken to address the breaches.
Critical to this role is the management of credit default rates. This role requires the incumbent to display strong analytical insight coupled with in
- depth credit knowledge.
- Credit Research_
- All existing functions performed by the Senior Credit Analyst.
- Manage the planning, execution and governance for new and annual credit reviews/ratings and deal transactions.
- Review and quality control submissions by Junior Credit Analysts to the relevant investment
- Committees_
- Presentation, support, and enablement of team members at relevant governance forums.
- Responsible for assessment of new transactions where Credit risk is undertaken.
- Proactive engagement with deal teams on complex deal transactions around structure, covenants and pricing
- Interact with relevant Legal Advisor to ensure that Legal agreements are concluded for all transactions where credit risk is taken.
- Review of exposure limits, ratings and systems for Credit exposures.
- Ensure team compliance with the bank's credit risk framework, lgd models and prudential limit guidelines
- Work closely with the Head of Credit Research in the management and reporting of breaches in terms of concentrations and risk limits
- Attendance, input and interaction at relevant forums, committees etc. related to Credit Risk.
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