Senior Manager: Credit Risk Monitoring

Requisition Details & Talent Acquisition Contact

REQ 136590- Tshego Semenya

Location: Johannesburg 

Closing date:14 November 2024

Cluster

RBB

Career Stream

Credit Collections

Leadership Pipeline

Manage Others

Why join our team

Join Nedbank as a Senior Manager: Credit Risk Monitoring and lead the charge in optimizing our credit portfolio quality! You’ll play a crucial role by using analytical skills to monitor business alignment to agreed risk appetite measures including Credit Risk and a variety of other linked risk types such as Operational Risk, Financial Crime Risk and emerging Cyber Risks. Elevate your career by partnering with line managers to attract the best candidates and maintain a high-performing team. Drive prudent risk management and ensure ethical lending and collections practices, meeting CLR targets and Key Risk Indicators and risk loss thresholds. Shape the future of risk by implementing a quantitative driven risk oversight approach, collaborating with stakeholders to highlight pertinent issues. Be the voice of the customer in risk committees and forums, ensuring our business practices are fair. Utilize your quantitative and analytical skills to monitor and analyze various risk types, including credit, market, and operational risks. Align credit policy with regulatory changes and manage resources to deliver on the credit risk monitoring plan. Join a dynamic team and make a significant impact on credit risk management excellence at Nedbank.

Position

Senior Manager: Credit Risk Monitoring

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 

Technical / Professional Knowledge

• Business administration and management
• Change management
• Client service management
• Communication Strategies
• Financial Accounting Principles
• Governance, Risk and Controls
• Organisational systems
• Principles of project management
• Relevant regulatory knowledge
• Management information and reporting principles, tools and mechanisms

Disclaimer

Preference will be given to candidates from the underrepresented groups

Please contact the Nedbank Recruiting Team at +27 860 555 566

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Please contact the Nedbank Recruiting Team at +27 860 555 566