Senior Manager: Credit Risk Monitoring needed at Nedbank

Job Purpose

• To monitor the credit life cycle across lending products to provide oversight and optimise the credit portfolio quality; in line with Nedbank business strategy.

Job Responsibilities

• Ensure prudent credit risk management by monitoring credit portfolio quality to meet Risk Adjusted Return on Capital (RAROC) and Credit Loss Ratio (CLR) targets.
• Perform monitoring exercise to ensure business alignment to agreed risk appetite measures.
• Gain consensus and highlight pertinent credit risk issues by preparing and presenting reports to various forums.
• Challenge model builds from around the cluster through peer review participation and ensuring best practice.
• Challenge product and/or solution design to ensure congruency with not only the required business specifications, but with the risk frameworks.
• Ensure continuity and record keeping through formal sign-off at forums and by creating and maintaining accurate documentation.
• Provide oversight into data accuracy through data and front-end monitoring; pre and post testing of system/strategy changes.
• Represent Enterprise-wide Risk by participating in relevant Risk Committees and Forums such as Credit, Collections and Conduct committees.
• Facilitate and guide monitoring activities by obtaining legal opinion and directives.
• Establish emerging risks by studying the external environment including competitors and the macro economy.
• Manage budget by controlling expenditure.
• Identify, establish and maintain relationships with stakeholders to ensure buy-in of monitoring and recommendations.
• Provide independent opinion to stakeholders to inform prudent risk management.
• Challenge recommendations and policy changes made by the business to ensure thorough understanding of the risk involved.
• Ensure that the bank, in its lending practices, treats the customer ethically and fairly by being the customer’s voice in Risk Committees and Forums.
• Keep stakeholders informed of serious breaches through submissions to group committees.

Job Responsibilities Continue

• Undertake monitoring exercises by following agreed monitoring methodology.
• Ensure alignment to changes in regulations and Group Policy by maintaining an up to date credit risk policy.
• Deliver on the credit risk monitoring plan by managing resources and activities.
• Address immediate and emerging risks by performing ad hoc monitoring exercises.
• Ensure compliance of agreed corrective actions by continuous monitoring.
• Ensure alignment of business to policy and regulations by monitoring and making recommendations.
• Manage performance of staff by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognising and rewarding achievement and take appropriate corrective action where required.
• Motivate staff to perform and contribute to the success of the business by creating environment of teamwork through engaging with staff (sharing information) and encouraging participation in decision making processes.
• Contribute to team effectiveness by  following the recruitment process when recruiting talent.
• Maintain a capable high performing team and  ensure an environment for optimal performance is created by identifying talent pool through conducting career conversations, utilising the talent grid principles and developing talent retention programmes (e.g. rotation).
• Ensure self and staff understand and embrace the Nedbank Vision and Values by leading by example and re-enforcing values during meetings.
• Manage the on boarding process of new employees by ensuring execution of preparations according to the on-boarding check-list.
• Ensure transformational targets are met for own team through consideration of targets during the staff recruitment, retention and training process and utilising suppliers listed on the preferred supplier list.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
• Address issues raised in culture surveys by participating in the development and implementation of action plans.
• Create a client service culture through various required interventions.
• Encourage team to generate innovative ideas and share knowledge.

Essential Qualifications – NQF Level

• Professional Qualifications/Honour’s Degree

Preferred Qualification

• Bachelor’s degree majoring in Maths, Statistics, IT, Science or Engineering.

Minimum Experience Level

• Experience as an analyst with coding exposure as well as prior experience in a managerial / leading a must.
• 3 – 5 years Credit systems & processes experience
• 5 – 7 years experience using SQL, SAS, Python, programming, Microsoft Office with specific focus on Excel Automation & optimization Business writing.
• 7 – 10 years Credit Assessment and decisioning experience within Banking environment