Job Description

Job PurposeTo provide specialised risk management support to the Head of Credit Risk for the implementation of the Wealth International (WIN) Credit Risk Framework (covering strategy, policy, process, procedural, standards, objectives, metrics and governance). This job primarily focuses on approval, documentation preparation, drawdown and monitoring processes.Key Responsibilities/Accountabilities Contribute by supporting the Head with the development, maintenance and implementation of the WIN Credit Risk Framework covering strategy, policy, process, procedural, standards, objectives, metrics and governance.Objectively assess and evaluate credit applications exercising commercial and responsive decision making under approved Delegated Authority or making a recommendation to the Credit Committee.Review Corporate and Investment Banking (CIB) credit papers to ensure the financial analysis adequately reflects the counterparty credit risks and are within WIN Credit Risk Appetite. Make a recommendation to Credit Committee.Draft and check preparation of facility/security documentation following approval. Check that all approved conditions are met and that the documentation is complete. This includes liaising with Legal where required.Control loan funds leaving the bank, by reviewing and confirming that all condition precedents are met and that security is perfected before approving the drawdown checklist and limit form.Provide training and guidance regarding the “credit facilities” and “drawdown” processes and the supporting documentation to other members of staff both within Credit Risk and the Business Segments.Utilising the Collateral Monitoring Process and System, continuously (daily and periodically) monitor and control exposures/collateral against the approved security parameters.Compile and provide Management Information to the business to enable them to manage their loan portfolios.Compile and provide reports relating to credit exposures to Finance and Group as required and within agreed timelines.Execute the document management process to ensure that all executed facility/security documentation and Credit Risk records are stored in compliance with the defined process.Continuously monitor the effectiveness and efficiency of the Credit Process and provide input to the process owner to ensure that it remains fit-for-purpose and that service delivery to the business meets the agreed service levels.Provide training, coaching and mentoring to junior members of staff and provide guidance and support to help them achieve their personal development plans.Where required, represent Credit Risk and participate in projects where credit risk arises to ensure appropriate mitigation and control from a Credit Risk perspective.

Responsibilities + Skills

Education

Basic understanding of vanilla lending and derivative products and facilities that give rise to counterparty credit risks, including the documentation required/presented to manage that risk.

Experience

Credit Experience in a banking environment at a manager levelAnalysis and presentation of MI (Management Information) and reporting on portfolio credit risk.Thorough conceptual and practical knowledge of credit procedures, policies and standards. Ability to understand products and facilities that give rise to counterparty credit risk and appropriately documenting these risks.

Job Summary

  • Published on: Wednesday, 23rd December 2020
  • Designation: Analyst Credit Risk
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: 0
  • Gender:
  • Application Deadline: Wednesday, 23rd December 2020

About the Company

  • Company Name: Standard Bank Group.
  • Address: 9th Floor 011 636 9111/2 SBZAZAJJ Standard Bank Centre 5 Simmonds Street Johannesburg 2001 P O Box 7725
  • Website: https://www.standardbank.co.za
  • Company Profile:
  • To provide design and build decision agents and Credit process requirements for all Personal and Business products across the risk lifecycle for a particular stream (i.e. origination, account management and collections - to be customised per jobholder). This includes the process design of the end-to-end solution and working closely with appropriate Architectures (e.g., IT, Credit, Business, Data, etc.) to formulate sustainable strategic solutions.

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