Senior Manager: Credit Risk at Nedbank

Job Description

• To pro-actively manage credit risk customers through decisive leadership utilising a multi-skilled team, focusing on client engagement, financial analysis, mitigation of exposure, optimal pricing and rehabilitation of distressed exposures, to achieve the Nedbank Group Strategy of being world class in risk management. 

Job Responsibilities

• Ensure adequacy of impairments on the credit risk regional portfolio by engaging with value analytics team and using monthly monitoring tools and exception reporting
• Regularly reviewing collateral on credit risk matters which underpins impairments (ECL)
• Ensure correct credit risk state type of clients by routinely monitoring the total advances book with regards to certain factors that serve as early warning signals and that are reported on exception reports
• Ensure the portfolios comply with IFRS 9 relative to impairments staging 
• Review and comment on reports and analyse the data to understand impairments and risk weighted asset movement 
• Manage the quality of the MIS/ data by regularly checking any inaccuracies 
• Implement and manage credit policies and standards within the credit risk process 
• Ensure adequacy of internal processes and reporting to reduce or eliminate financial risk or loss through ongoing refinement, adherence and enhancement of the bank's processes and procedures
• Ensure compliance and reduced credit and reputational risk by implementing relevant legislation within the credit risk environment
• Ensure dissemination of knowledge pertaining to the bank's processes and procedures to relevant staff members through ongoing training and awareness sessions
• Prepare for, chair regional credit risk meetings and interact with high-risk committee 
• Manage distressed clients by adhering to relevant internal and/or legislative processes namely business management and/or business rescue process, making decisions on either to normalise (rehabilitate, soft exit) or a legal exit
• Define and set standards for credit risk function and share professional expertise in the relevant forums
• Proactively manage the market and industry risk by identifying early warning signals relating to the business, industry, economy, or political risk and deciding on the action plans at various forums
• Build and maintain collaborative business relationships that ensure effective risk management by collaborating and networking between various stakeholders to streamline and enhance the credit risk processes
• Ensure that stakeholder expectations and customer complaints are managed by monitoring team deliverables according to policy and governance
• Reduce or eliminate financial risk or loss through ongoing refinement, enforcing adherence to regulations and enhancement of the bank's processes and procedures.
• Ensure compliance and reduced credit and reputational risk by Implementing relevant legislation within the credit risk environment 
• Ensure timeous decision making and appropriate corrective action for self and team by identifying early warning signals in client behaviour, industry or markets that are indicative of change in risk profile. Effectively and efficiently manage team across the HR value chain including recruitment, performance management, retention of critical staff, succession planning and coaching and talent management as well as contributing to a culture conducive to the achievement of transformational targets 
• Create a culture of information, knowledge sharing, trust, respect and support to ensure a smooth workflow through leading by example and on-going engagement with the team and cross-functionally 
• Ensure issues raised in culture survey are addressed and results are improved by ensuring action plans are created

Minimum Experience Level

• 5 - 8 years credit lending or credit risk experience in a banking environment
• 2 years' managerial experience

Requirements

• NQF Level 6 or Higher in a Finance, Business, Banking or Insolvency-related field
• A Credit Record is essential 

Technical / Professional Knowledge

• Data analysis
• Governance, Risk and Controls
• Industry trends
• Principles of financial management
• Relevant regulatory knowledge
• Working with a group to identify alternative solutions to a problem
• Building and maintaining effective relationships with internal and external stakeholders
• Analysing and interpreting quantitative and qualitative data
• Relevant Nedbank policies and procedures
• Banking knowledge

Closing Date  -  18 June 2024