Recoveries And Collection Specialist

Job Description

Nedbank RecruitingJob ClassificationJob FamilyCreditCareer StreamCredit RecoveriesLeadership PipelineManage Self: ProfessionalFAIS AffectedJob PurposeTo execute the compliance function for Collections and Recoveries through monitoring; exception reporting and developing networks; providing advice to minimise regulatory; reputational and compliance risk and endeavour to avert potential litigation /penalties and ultimately increase shareholder value for the Bank.Job ResponsibilitiesContribute to achievement of Business Unit objectives and financial results by providing the appropriate information timeously to relevant operational areas and sharing knowledge and insight where required.Ensure delivery of quality service by setting quality assurance standards aligned to business strategy and in line with Best Practice, ensuring data integrity through spot checks and self-reviews and using the appropriate communication channels.

Responsibilities + Skills


Essential CertificationsPreferred CertificationsType of ExposureBuilding and maintaining effective cross-functional relationships with internal and external stakeholdersDeveloping ways to minimise risks.


Minimum Experience Level3 - 5 years industry related experienceTechnical / Professional Knowledge

Job Summary

  • Published on: Wednesday, 22nd January 2020
  • Designation: Recoveries and Collection Specialist
  • industry:
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: on a call
  • Gender:
  • Application Deadline: Wednesday, 22nd January 2020

About the Company

  • Company Name: Nedbank Recruiting.
  • Address:
  • Website:
  • Company Profile:
  • Staying abreast of the various IFRS 9 modelling methodologies across retail and wholesale productsContributing to development aspects of the loss forecasting and stress testing framework and keeping the framework up to date as the methodology evolvesConducting ad hoc analysis on IFRS 9 PD, EAD, LGD and Survival models, as well as overall impairment calculations, for retail as well wholesale-type portfoliosConducting independent credit risk stress testing related research and using it as input into proposals and strategiesEngaging with various stakeholders across the organisation (including risk and finance) to discuss methodological aspects, business assumptions and results from the loss forecasting work stream

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