Senior Credit Analyst
Sandton

R600 000-R750 000 pa neg.

BCom (Honours) / Relevant tertiary business qualification

Responsible for the total credit risk of a portfolio of South African corporate and/or institutional counterparties in order to minimize any potential losses

· At least 3-5 years relevant corporate, institutional and banking credit (preferable) experience in the banking or insurance environment within an overall credit portfolio context

· Previous experience in assessing and monitoring of debt structuring transactions and debt syndications

· Previous exposure to corporate credit processes and procedures essential

· Knowledge of property transactions

· Previous experience in assessing and monitoring of credit derivatives, synthetic credit derivatives

· Responsible for the credit risk management of analyst’s South African portfolio: identifying, measuring, monitoring and managing credit risk for all product types on a single obligor, group and portfolio basis

· Responsible for the monitoring and management of allocated industries

· Assist various Risk Departments with the implementation of new transactions

· Critical assessment of credit risk of new companies falling in the analyst’s portfolio (the portfolio may change from time to time)

· Identification of transaction and business specific risk and introduction of risk mitigation factors on new transactions

· Perform comparative analysis amongst industry peers to assess a proposed counterpart’s position relative to its industry peers;

· Annual / semi-annual / quarterly assessment of credit risk per company in analyst’s portfolio

· Financial analysis and Credit Rating Process to be accurate and updated as and when new information becomes available

· Document analysis in the standard Credit Application Format – information should be accurate, complete, comprehensive and of good quality

· Critically and independently making recommendations to the relevant committees

· Close consultation with Credit Portfolio Management (“CPM”) to enable CPM to calculate accurate Risk-Return-Rewards

· Ensure compliance with the Credit Risk Strategy and Policy at all times

· Monotoring and management of allocated industries

· Assume control over an industry portfolio as allocated per analyst, specialise in industry and secular trends; identify early the onset of problems that could ultimately lead to counterpart failure in the specific industry sectors

· Make recommendations regarding certain cap limits per industry sub-sector

· Assist CPM with proposals on Economic Capital limits per sub-sector

· Assist various Risk Departments with the implementation of new transactions

· Assist Compliance Department where necessary with relevant information related to new account opening procedures

· Assist the Legal Department where necessary with the legal implementation of documents

· Assist the Legal Treasury Advisor with information pertaining to Facility Agreements, ISDA, ISMA and CSA documentation

· Ongoing monitoring of limits and exposures in portfolio

· Assistance in resolving breaches

· Interaction with corporate clients on debt funding initiatives

· Maintain credit files (whether hard copies or in electronic format) of counterparts in analyst’s portfolio in good order

· Take responsibility for reporting requirements as allocated from time to time

SKILLS/COMPETANCY REQUIREMENTS:

· Analytical and numerical skills: ability to analyse financial statements and quantify financial risks

· Ability to produce written reports in order to highlight financial matters of importance

· Ability to present credit applications and to stand up to the Subcred or similar committees

· General knowledge of business, industry and the macroeconomic environment and financial markets

· Experience of commercial law principles and ability to assist with the documentary process (with legal assistance)

· Good presentation skills

· Computer literacy: proficiency in word processing and spreadsheet software