Senior Manager: Credit Risk at TFG (The Foschini Group)

Senior Manager: Credit Risk

Provisioning, Collections & Recoveries 

A demanding and challenging opportunity has arisen within the Credit Risk Department of TFG Financial Services for a dynamic, highly motivated individual to provide analytical solutions that will improve decision making throughout the credit life cycle.  

The successful individual will be working closely with the Credit Risk, Finance & Operations teams.  

Key responsibilities:

• Responsible for expected credit loss & partial asset forecasting, informing provision overlays with empirical portfolio evidence.
• Managing, initiating and driving initiatives, reporting and forecasting on the recoveries portfolio, including active debt review, allocation/withdrawal and placement strategies with external agencies, debt sales and valuations to potential debt buyers. 

Job description 

• Credit owner of IFRS9 provision forecasting, incorporating portfolio strategy, macro-economic expectation etc. into the outlook
• Recovery Policy Management & compliance with legislation
• Development and deployment of credit strategies, segmentation and forecasting models across the credit life cycle (Collections, Recovery Management)
• Providing analytical solutions to complex business problems
• Support to operations on managing the Recoveries portfolio e.g. External Debt Collectors’ target setting and expectation management
• Documentation of analytical processes and results, adhering to agreed documentation standards
• Effective communication and presentation of analytical results and credit-related topics across the business
• Data mining of credit bureau and other external data to provide insights and trends
• Extraction and preparation of data for internal development projects as well as outsourced solutions
• Managing a small team of individuals
• Key member of the provisioning technical committee

This role requires diverse stakeholder management

• Liaise with key stakeholders in the credit risk and finance teams to communicate consequences of risk strategy changes on IFRS9 provisions
• Liaise with operational teams to manage recoveries strategies and initiatives
• Liaise and manage external agencies that collect on our recoveries accounts and sell strategy changes and improvements
• Liaise with debt buyers when doing valuations for debt sales 

To take up this position you should have: 

• A degree in a numerate discipline, preferably Statistics / Mathematics / Operations Research / Engineering (Honours / Masters degree preferable)
• 5+ years as senior analyst, forecasting or credit collections/recoveries
• Forecasting experience
• Advanced Excel experience
• Knowledge and experience in statistical/data management software packages (SAS/SQL) Enterprise Miner would be advantageous
• Knowledge of the credit industry and credit life cycle management
• Experience with data mining and statistical techniques such as logistic regression, decision trees, cluster analysis etc
• Excellent data interpretation skills
• Good strategic and conceptual abilities
• Advanced problem solving, judgment and self management skills