Manager Credit Risk (CH724)

SUMMARY:
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POSITION INFO:

Our client in the banking industry is looking for a Manager Credit Risk.

Purpose Statement

• To recommend strategic changes to credit policy so that retail credit portfolios are operating at their optimal by ensuring the bank stays on bad debt risk appetite.
• To determine how bad debts are performing against budgets/forecasts and pricing targets, and to monitor actual bad debts against pricing target to ensure alignment with risk appetite.
• To enable clarity and understanding of bad debt matters within the Retail Credit Team, the Executive and Board
• Promote efficiency and clarity by:
  • reporting on the impact of bad debts (including recoveries) on credit portfolio profit in a clear and reconciled manner.
  • establishing a shared language, way of work and shared tools, across departments involved in bad debt management and reporting.

The role has one direct report.

Key Performance Areas:

• Strategic pricing and profitability policy changes through bad debt optimisation (PD x EAD x LGD).
• Reconciliation and presentation of the components of bad debt across the credit life cycle.
• Client level profitability and insurance.
• People management (Recruitment, Development, Operational Management reward and performance)
• Stakeholder management

Qualification

• Grade 12 National Certificate / Vocational
• A relevant tertiary qualification (e.g., Accounting/Management Accounting, Mathematic, Statistics, Financial Mathematics, Quantitative Risk Management, Data Science or Actuarial Science),
• CA/CIMA Qualification (nice to have)
• A relevant post graduate qualification (e.g., Mathematics, Statistics, Financial Mathematics, Quantitative Risk Management, Data Science or Actuarial Science) is preferred

Experience

Minimum:

• Proven track record on SQL, SAS, R or Python (for Data Analysis and recommendations)
• At least 7 years’ proven experience in Credit within the financial services / retail banking industry
• At least 3 years’ experience in bad debt provisions or collections, pricing and profitability measurement as well as related systems, processes and procedures
• Experience in:
  • Drafting business plans, presenting and finalising strategies
  • Business analysis: Design and implementation of processes and procedures

Ideal:

• At least 5 – 6 years’ experience in bad debt provisions or collections, pricing and profitability measurement as well as related systems, processes and procedures in retail banking

Knowledge

Minimum:

• Credit statistics
• Business Analytics
• Understanding of accounting, budgeting, pricing and provisioning principles in a bank
• Income statement and balance sheet accounting transactions of a bank
• Project management principles and methodologies (able to maintain continuity on multiple projects, time management, planning and organisational skills)
• Financial systems & procedures
• Regulations pertaining to credit management
• Credit management systems
• Unsecured credit, including credit facilities and credit cards

Ideal:

• In depth knowledge of Credit Policies
• General understanding of the Banks Act Capital Regulations, National Credit Act and the implication for the client’s business and the Credit Bureau
• Strong credit industry knowledge
• Business analysis experience on a banking system
• Analytical experience on credit portfolio
• Bank governance experience (ALCO, Risk Committee, Credit Committee, etc)
• Book management – soft and hard collections and pay date management
• Payment systems (Authenticated Collections, Debit Order and Non-Authenticated Early Debit Order)

Skills

• SQL Skills (alternatively SAS skills)
• R or Python (nice to have)
• Networking
• Flow charting e.g., Visio
• Financial and business acumen
• Information integration & report writing
• Diagnostic, analytical & problem solving
• Attention to detail
• Confident & enthusiastic self-starter
• Agile way of work (JIRA)

Competencies

• Communication Skills
• Negotiation Skills
• Change management skills
• Numerical Reasoning
• Computer Literacy (Advanced MS Word, Excel)

Additional Information

• Clear criminal and credit record
• Ability and willingness to work in an open plan environment
• Willingness to work or be available overtime and / or weekends if required
• A valid driver''s license and own vehicle is preferred
• Willingness to travel nationally if and when required
• Willing and able to use own home as a formal office / base of operations (including space for ad hoc storage of paperwork, stock, etc.)

General:

• Only shortlisted candidates will be contacted. Should you not hear from us after 30 days you may consider your application unsuccessful
• In keeping with our client’s employment equity requirements, only South African citizens will be considered.
• Please include your current salary and salary expectations.

NB! This job is now closed. You can apply for other jobs by uploading your CV.