Credit Risk Manager (ABF) at WesBank Jobs

Job Description

• To maximise the banks Risk-Adjusted Rate of Return by managing credit risk in the entire portfolio and individual transactions as well as managing Credit Analysts.
• Achieve year on year Total Revenue Growth for the Business.
• Reduce Bad debts as a percentage of performing loans utilisation based on effective lending principals applied during approval.
• Establish a sound Credit Risk Management culture through awareness of campaigns to influence behaviour and drive the importance of credit compliance.
• Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project managers and senior staff members.
• Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders.
• Ensure that your team meet set targets in respect of excesses, expired limits and covenant monitoring.
• Make findings and detail analytics available to business to drive significant optimization of risk-return through strategic portfolio mix changes, tactical credit appetite setting, pricing/return optimization and influencing credit origination strategy.
• Comply with governance in terms of legislative and audit requirements.
• Ensure the deep insights developed in this process translate into real economic and financial benefits for the business through strategic input, influencing of credit decisions and pricing of retail credit.
• Development of models that predict the output/conditional probability distributions of impairments under assumed input distributions of macroeconomic parameters and utilizing estimated linkages between macro and credit variables.
• Work with each business unit to identify the relevant macro parameters and build statistical models.
• Develop computationally efficient approaches and/or algorithms for running statistically significant predictions of output impairment.
• Manage security documentation and limit management for clients by ensuring the accuracy of security documentation (facility letters and collateral documentation) and maintaining proper limit management processes for clients.
• Assess and approve excesses in terms of approved excess mandate to minimise Credit Risk to the business.
• Work with various segments to develop forward-looking profitability projection models and data feeds.
• Credit Collaboration Strategic Analysis.
• Benchmark current practices against the credit risk management framework and adjust practices as and when necessary.
• Reconcile and report on monthly credit risk loss to the business.
• Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation, achieve efficiencies and increase competencies.
• Manage personal development to increase own skills and competencies.

Qualification and Experience

• Relevant Post Graduate in Finance
• Preferred Qualification: CA (SA)/CFA
• Experience: 5 years’ experience in a similar environment, of which 1 to 2 years ideally at junior (entry level) management level
• Financial Services industry experience will be advantageous