CIB Credit Risk Manager (Power and Infrastructure) at Standard Bank Group

Job description

Job Details

Group Risk Management: understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bank

Job Purpose

To manage counterparty risk for the Bank’s African Power and infrastructure Sector (including South Africa) associated with Corporate and Investment Banking (CIB) Division’s lending, trading and investing activities to non-bank sector counterparties, with the primary objective to enable the Business team, but at the same time, contain risk within acceptable parameters.

Key Responsibilities/Accountabilities

• Own a specific sector portfolio
• Organise and manage a defined portfolio of counterparties from a credit perspective;
• Effectively manage the pipeline of new transactions and perform initial credit screening of the proposed transactions;
• Co-ordinate resources globally to manage transactions and fulfil the Group Credit Manager (GCM) role across geographies.
• Manage The End-to-end Credit Process
• Analyse initial transaction proposals for upfront identification of credit concerns for appropriate consideration in the transaction proposal;
• Position credit assessment questions to a client in pursuit of information for the proposed transaction;
• Originate sector credit applications for facilities to assess the appropriateness of the credit risk relative to the sector strategy and profitability of the deal;
• Effective provision of high-quality analyses with appropriate recommendations to higher authority;
• Effective presentation of applications to CIB Credit Panels for approval, where required;
• Effective management of deal execution in partnership with the Business team; and
• Effective ongoing credit management throughout the life of the deal.
• Contribution to various forums/committees
• Involvement in Business Approval Forum, Close Monitoring Forum, Watchlist and Non-Performing Loans (NPL) Committee meetings relating to deals and names managed by the core sector team.
• Ongoing Credit Management
• Ensuring effective excess management, with appropriate escalation where necessary;
• Ensuring compliance management (monitoring of ongoing credit and legal compliance requirements);
• Ensuring effective management around the overdue reviews to a target of 5%;
• Monitoring, questioning and understanding changes in the credit quality in any counterparty / industry falling within the portfolio;
• Making recommendations to line management and committees/forums regarding industry trends and the implications for managing the credit risks of clients in those industries;
• Ongoing monitoring of risk grade (PD), Loss Given Default (LGD), recovery rate shifts and general industry trends;
• Ensuring risk metrics and facility limits are accurately captured to the relevant systems as per the credit approval for capital calculation purposes;
• Ensuring collateral is appropriately executed and managed on an on-going basis;
• Ongoing credit assessment for ad hoc credit approval requests as may be requested from time to time;
• Ensuring preparation of core sector papers as and when required to the requisite quality and within required timelines;
• Managing portfolio within sector and counterparty risk appetite and the identification and mitigation of concentrations;
• Assist when deep drills are required ensuring that deep drills are done to the required standard as and within required timelines;
• Identifying and managing high risk accounts and undertaking the necessary corrective action when the risk profile threatens to become unacceptable; and
• Ensuring active and maintained co-ordination of stakeholders in the process to ensure all expectations are met.
• Management Reporting
• Keeping line management informed on material developments; and
• Provide input into general Credit reports.

Preferred Qualification And Experience

• An appropriate post-graduate degree. (Finance or Engineering qualification would be ideal)
• Additional Qualifications, Such As CFA And FRM Also Beneficial.
• Minimum of 1-3 years experience in Credit;
• Strong decision making experience with regards to credit issues; and
• Previous exposure to Corporate Credit and/or project finance and leveraged finance credit advantageous.

Knowledge/Technical Skills/Expertise

• Co-operative relationships between the various internal contributors in the credit value chain;
• Co-operative relationships with internal and external stakeholders;
• Taking responsibility for the sector portfolio across all geographies;
• Compliance with an accepted credit sector platform to enable the applicable business teams in the Bank’s chosen markets;
• Having a sense of urgency in order to progress critical deals whilst minimising application backlogs and turnaround times;
• High reliability of decisions made;
• Accurate allocation of risk metrics related to capital allocation for executed credit facilities;
• Highlighting credit concerns timeously; and
• Finding alternatives in order to make deals work (if possible) and in so doing, add value to the deal making process.