Credit Risk Manager (ABF)

Job Description To maximise the banks Risk-Adjusted Rate of Return by managing credit risk in the entire portfolio and individual transactions as well as managing Credit Analysts

• Achieve year on year Total Revenue Growth for the Business.
• Reduce Bad debts as a percentage of performing loans utilisation based on effective lending principals applied during approval.
• Establish a sound Credit Risk Management culture through awareness of campaigns to influence behaviour and drive the importance of credit compliance.
• Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project managers and senior staff members.
• Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders.
• Ensure that your team meet set targets in respect of excesses, expired limits and covenant monitoring.
• Make findings and detail analytics available to business to drive significant optimization of risk-return through strategic portfolio mix changes, tactical credit appetite setting, pricing/return optimization and influencing credit origination strategy.
• Comply with governance in terms of legislative and audit requirements.
• Ensure the deep insights developed in this process translate into real economic and financial benefits for the business through strategic input, influencing of credit decisions and pricing of retail credit.
• Development of models that predict the output/conditional probability distributions of impairments under assumed input distributions of macroeconomic parameters and utilizing estimated linkages between macro and credit variables.
• Work with each business unit to identify the relevant macro parameters and build statistical models.
• Develop computationally efficient approaches and/or algorithms for running statistically significant predictions of output impairment.
• Manage security documentation and limit management for clients by ensuring the accuracy of security documentation (facility letters and collateral documentation) and maintaining proper limit management processes for clients.
• Assess and approve excesses in terms of approved excess mandate to minimise Credit Risk to the business.
• Work with various segments to develop forward-looking profitability projection models and data feeds.
• Credit Collaboration Strategic Analysis.
• Benchmark current practices against the credit risk management framework and adjust practices as and when necessary.
• Reconcile and report on monthly credit risk loss to the business.
• Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation, achieve efficiencies and increase competencies.
• Manage personal development to increase own skills and competencies.

Qualification and Experience

• Relevant Post Graduate in Finance
• Preferred Qualification: CA (SA)/CFA
• Experience: 5 years’ experience in a similar environment, of which 1 to 2 years ideally at junior (entry level) management level
• Financial Services industry experience will be advantageous

Please note that this role has no direct report Job Details Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below 30/05/25 All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.