Credit Risk Manager C - Johannesburg, South Africa - FirstRand

FirstRand

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

About us, purpose, experience and qualifications

about us:

- make a promise
- be deeply invested
- value our differences
- build trust, not territory
- have courage
- always do the right thing

purpose:

Maximise the banks Risk-Adjusted Rate of Return by managing credit risk in the entire portfolio and individual transactions as well as managing Credit Analysts
experience and qualifications:
A suitable tertiary qualification
Experience in credit management, preferably in the commercial or corporate environments
Management experience
additional requirements:

responsibilities:

Achieve year on year Total Revenue Growth for the Business
Reduce Bad debts as a percentage of performing loans utilisation based on effective lending principals applied during approval
Establish a sound Credit Risk Management culture through awareness of campaigns to influence behaviour and drive the importance of credit compliance.
Cultivate and manage objective working relationships with a variety of stakeholders, including endusers, SME's, project managers and senior staff members
Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
Ensure that your team meet set targets in respect of excesses, expired limits and covenant monitoring
Make findings and detail analytics available to business to drive significant optimization of riskreturn through strategic portfolio mix changes, tactical credit appetite setting, pricing/return optimization and influencing credit origination strategy
Comply with governance in terms of legislative and audit requirements
Ensure the deep insights developed in this process translate into real economic and financial benefits for the business through strategic input, influencing of credit decisions and pricing of retail credit.
Development of models that predict the output/conditional probability distributions of impairments under assumed input distributions of macroeconomic parameters and utilizing estimated linkages between macro and credit variables.
Work with each business unit to identify the relevant macro parameters and build statistical models. Develop computationally efficient approaches and/or algorithms for running statistically significant predictions of output impairment.
Manage security documentation and limit management for FNB Clients by ensuring the accuracy of security documentation (facility letters and collateral documentation) and maintaining proper limit management processes for FNB Clients
Assess and approve excesses in terms of approved excess mandate to minimise Credit Risk to the business
Work with various segments to develop forwardlooking profitability projection models and data feeds
Credit Collaboration Strategic Analysis
Benchmark current practices against the credit risk management framework and adjust practices as and when necessary
Reconcile and report on monthly credit risk loss to the business
Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation, achieve efficiencies and increase competencies
Manage personal development to increase own skills and competencies