Job PurposeTo manage Nedbank credit risk by focusing on proactive portfolio management and participating in credit decisions within the Wealth Management Local division in order to achieve Nedbank Group strategy.Job ResponsibilitiesManage adequacy of impairments (including IAS 39) of the risk & defaulted book by overseeing, monitoring and assessing client financial performance and security valuations.Manage risk bucketing of clients in various risk categories by reviewing exceptions reports, monitoring the total advances book and taking corrective actions to address early warning signals.Manage distressed credit clients by managing process through business management and/or business rescue process, making decisions on either to normalise (rehabilitate, soft exit) or a legal exit.Define and set standards for credit risk function and share professional expertise in the relevant forums.Manage and monitor Credit and Credit Risk policy compliance by allocating the mandates in the Credit Risk environment and managing the RRM measures and the quality of the CMIS in the regions.Proactively manage the market and industry risk by identifying early warning signals relating to the business, industry, economy or political risk and deciding on the action plans at various forums.Build and maintain collaborative business relationships that ensure effective risk management by collaborating and networking between various stakeholders in order to streamline and enhance the credit risk processes.Ensure alignment of processes with national and Nedbank policies that meet client expectations by conducting benchmarking exercises to investigate improvement opportunities.Ensure that stakeholder expectations are managed by monitoring team deliverables according to policy and governance.Create a culture of information, knowledge sharing, trust, respect and support to ensure a smooth workflow through leading by example and on-going engagement with the team and cross-functionally.Reduce or eliminate financial risk or loss through ongoing refinement, enforcing adherence to regulations and enhancement of the bank's processes and procedures.Ensure compliance and reduced credit and reputational risk by Implementing relevant legislation within the credit risk environment.Ensure dissemination of knowledge pertaining to the bank's processes and procedures to relevant staff members through ongoing coaching, training and awareness sessions.
Responsibilities + Skills
Managing a team of managersDeveloping succession plansExecuting major organisational changeNetworking and building relationshipsAssisting/Developing a stakeholder management grid for the business
Professional Qualifications/Honours Degree
10 years Senior Credit Risk / Credit / Legal / Recoveries Management experience