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  • Posted: Oct 16, 2020
    Deadline: Not specified
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    TFG (The Foschini Group) is a South African fashion lifestyle retailer & comprises of 22 fashion forward brands. Our range includes some of the leading fashion, home wear, sportswear, cellular and jewellery brands in the country, as well as a host of innovative financial services. TFG comprises of the following 22 exciting retail brands; @home, @homelivi...
    Read more about this company


    Senior Manager: Credit Risk

    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

    Method of Application

    Interested and qualified? Go to TFG (The Foschini Group) on to apply

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