Head of Credit Risk
Johannesburg Northern Suburbs

The Head of Credit Risk has responsibility for Shareholder Credit Risk and reports to the Head of Balance Sheet Management, oversees overall credit risk management of the group with a dotted reporting line to the Group Chief Risk Officer.

BSM/Shareholder role
•Ultimate responsibility for all shareholder direct or shareholder guaranteed credit risk across the group.
•Oversees and manages the analysis of new credit approvals.
•Ensure the annual review of existing credit exposures is done effectively.
•Establish and maintain an internal credit rating capability.
•Establish and maintain an internal credit economic capital framework and ensure that this framework is integrated into the group’s wider economic capital framework.
•Establish and maintain a credit risk appetite for shareholders.
•Discussion and presentation of the above to the credit risk governance forums as required.
•Optimise the system to improve efficiencies in the credit workflow.
•Provide input into the legal process and other legal documentation in transactions where shareholders assume direct exposure to credit risk.
•Continuously engaging on any potential credit risks arising on existing exposures.
•Manage distressed credits to optimise recoveries.
•Effective leadership of Credit team.
•Provide guidance and oversight to the credit quantitative risk analyst.
Group Role
•Establish and define the overall framework for the consistent and unified governance, identification, measurement, monitoring, management and reporting of credit risk.
•The credit risk framework includes shareholder credit risk and credit risk that is assumed on behalf of the clients.
•Develop and maintain co-operative relationships between all stakeholders in the credit value chain.
•Report on and oversee credit risk across the group, including clients and shareholders.
•Establish an appropriate credit risk appetite (i.e. for shareholder and client portfolios) in cooperation with the credit risk management community.
•Coordinate the delivery of a credit risk management plan.
•Establish the annual plan for credit risk management.
•Ensure efficient and effective use of credit risk management infrastructure (systems and processes).
•Coordinate credit risk community/leadership sessions.
•Risk Exco and Credit committee membership.
•Responsible for all SAM and regulatory credit related requirements.

CA(SA) / CFA
At least 10 years Credit Risk Management experience
Preferable experience in structured finance transactions

•Proven knowledge and experience in credit analysis of corporate and public sector credit risk, including secured and unsecured lending, project finance and workouts.
•A sound understanding of legal risk pertaining to legal documentation for lending transactions.
•Negotiation and conflict resolution skills. Maintain and nurture relationships with peers, portfolio managers and managers.
•Strong computer skills, proficiency with Microsoft Office Suite, Murex, Credit tools.
•Proven track record in a leadership position and the ability to manage a team of credit analysts. m18.1m