Job Details
- To provide effective value adding risk management in assisting Personal and Business Banking (PBB) in achieving their asset growth targets, whilst maintaining a quality-lending book, through judicious and effective management thereof.
- The delivery of a professional service to the business units, by assessing and evaluating credit facilities (new and/or existing) based on sound credit & financial principles which supports the minimising of risk to the bank.
- Such service to the business units also includes training & guidance with the provision of alternatives to maximize the required growth of the debtor book with sound & intuitive lending as well as to take timeous corrective action, minimising the probability of default and/or write-off where deterioration of circumstances has been identified.
Key Responsibilities
- Evaluates whether proposals meet sound business criteria and credit risk falls within acceptable parameters, approve and recommends appropriate credit facilities including terms or conditions of facilities (can approve/decline proposals up the current mandate of ≤N$5m)
- Identifies, quantifies and evaluates sources of risk in relation to profitability of business proposals and financial viability of PBB clients as a whole, interrogates/probes
- Utilizes Industry risk analysis available to identify and understand contextual threats to existing and potential clients.
- Responsible for the decision making pertaining to credit assessment of applications as per authorized lending mandate.
- Ensure timely and quality credit assessment and decision are made.
- Manage adherence to the service level agreement that have been concluded.
- Builds relationship with Branch Managers and Account Analysts to improve quality of business proposals and turnaround time on credit evaluations.
- Responsible for providing expert advice to business partners on all matters relating to credit risk assessment.
- Detects and evaluate shifts or changes in key risk parameters and evaluate the implications of such changes on continued banking relationship.
- Actioning of the referral report and make decisions to pay or not based on the reason for excess and source of adjustment, the terms of sanction in existence and the risk to which the Bank is exposed.
- Subsequent to the above, business units and OPC are advised before cut-off time of dishonours. Where no consensus can be reached, items are to be arbitrated as per the procedures.
- Issuing of sanction letters, clearly stating the conditions and requirements of the lending.
- Where relevant, the CEM is to ensure that the F23236 is approved and duly forwarded to the applicable business unit detailing pertinent conditions, if any.
- Actively hindsighting lending decisions to ensure that correct procedure are being followed in the approval of facilities, which will prevent new NPL’s.
- Use watch lists in conjunction with the credit administration to ensure that accounts identified as being high risk are being managed effectively in terms of agreed action plans.
- Where necessary and the risk profile of the client deemed has increased, may the CEM give instruction for an account to be placed in lock-up and/or a letter of demand issued.
- Regular perusal of relevant internal & external communication, such as fanouts, circulars, internal audit reports and Surveillance Manager’s reports, economic reviews on industries, & financial or industry publications to ensure that any development, new requirements or external risks are properly taken cognisance off in lending decisions or conditions of lending.
- CEM may authorise the removal of a “U” status when such a request has been received ex the POR if comfortable with the conduct of the account and/or conduct of related accounts
- Staff training internally (credit staff) and externally by means of visiting branches and/or accommodate POR staff in the credit centre with the emphasis on the requirements to make a meaningful assessment of the credit risks involved.
- In certain circumstances visiting customers to discuss/explain the structure and conditions of lending and following up of such conditions.
- Regular interaction with credit administration in discussing strategy & action plans to manage irregular accounts and accounts on damage control reports.
Qualifications
Qualifications:
- Undergraduate qualifications in Finance, Accounting, Business or other relevant degree or NQF equivalent
- Postgraduate qualifications will be advantageous
Experience:
- 5 - 7 years Banking experience, 3 years particularly pertaining to credit risk management, banking processes with regard to banking products and the operation thereof.
- Broad knowledge of applicable Acts and Bank Manuals.
- Energetic and with sound decision skills
- Must be able to work under pressure and remain focused.
- Analytical with a tolerance for high volumes and problem absorption whilst detailed oriented