Associate Director - Regulatory & Financial Risk

Deloitte Africa; Gauteng; Hybrid; ZAR 600 000 - 900 000; Full time

Job summary

A leading consulting firm in South Africa seeks a professional to support the RFR Credit Risk Team. The role involves developing strategic relationships with clients, leading complex projects, and overseeing credit risk models. The ideal candidate has over 10 years of experience in credit and holds a relevant degree. Opportunities for technical upskilling and managerial development are provided, including a hybrid working model.

Qualifications

• 10+ years of experience in credit.
• CFA / FRM / MBA qualification is advantageous.

Responsibilities

• Develop strategic relationships with key clients.
• Lead complex projects in credit risk.
• Oversee development and validation of credit risk models.
• Ensure quality and accuracy of project deliverables.

Skills

Strategic relationship development

Market leadership

Credit risk models

Team leadership

Education

BSC Degree in Mathematics, Statistics, Quantitative, Financial Engineering or Actuarial Science

Job description

Company Description

At Deloitte, our purpose is to make an impact that matters for our clients, our people, and society.

This is the lens for which our global strategy is set.

It unites Deloitte professionals across geographies, businesses, and skills.

It makes us better at what we do and how we do it.

It enables us to deliver on our promises to stakeholders, while creating the lasting impact we seek.

Harnessing the talent of + people located across more than countries and territories, our size and scale puts us in a unique position to help change the world for the better—by bringing together the services we provide, the societal investments we make, and the collaborations we advance through our ecosystems.

Deloitte offers career opportunities across Internal Client Services, Audit & Assurance (A&A), Tax & Legal (T&L) and our Consulting services business, which is made up of Strategy, Risk & Transactions Advisory (SR&T) and Technology & Transformation (T&T).

Are you ready to apply your knowledge and background to exciting new challenges?

From learning to leadership, this is your chance to take your career to the next level.

About Africa Consulting Services Deloitte

Our Consulting Services business has always been about helping our clients and our people move forward.

It’s important that we do the same for our business : celebrating how far we’ve come, and always preparing to take our next, big steps towards a global future.

We’re moving and evolving on our journey to be an undisputed leader in consulting, globally and in all major markets.

Together, we will achieve our aspirations through relentless focus on our Shared Strategic Agenda.

The Global Consulting Platform is working globally across our practices and borders – giving our business, clients and people the global experience that’s essential in today’s world.

About the Division Regulatory & Financial Risk (RFR)

RFR is an established advisor within the financial services industry.

Our vision is to be the leading provider of advisory services to financial services providers and corporate treasury operations across Africa.

Our client offerings span: Credit, market, and corporate treasury risks; Valuations of financial instruments; Hedge accounting; and financial technology.

We provide these services in the capacities of advisory, assurance, managed solutions, and resource augmentation.

We also help clients address regulatory challenges relating to IFRS 9, 13, 17 and Basel, amongst others.

Our team comprises accountants,aries, statisticians, and quantitative analysts with a technical appreciation for both financial modelling and coding.

RFR’s client base comprises the financial services industry and other sectors such as telecoms, retail, and healthcare in both local and international markets.

RFR Credit Team

The RFR Credit team resides within RFR, and is involved in the following service offerings: IFRS 9 Impairment Models (development, refinement, validation, and audit) Regulatory and Economic Capital Credit Models Scorecards and Analytics Behavioural Product Pricing Design, Development, and Implementation of Credit Monitoring Frameworks Collections Optimisation Strategy and Risk Appetite Statement Secondments.

RFR provides a distinctive work environment.

We support a hybrid working model while still providing regular opportunities to interact in a social setting.

We provide opportunities for technical upskilling and the development of managerial and leadership capabilities.

We embrace diversity and inclusiveness, and we are deliberate in our efforts to achieve greater gender and racial transformation within RFR and Deloitte.

Impact

Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration and high performance.

As the undisputed leader in professional services, Deloitte is where you will find unrivalled opportunities to succeed and realize your full potential.

Job Description

To support the RFR Credit Risk Team in delivery of services to / at client premises on delegated engagements and projects.

To contribute to the growth of the RFR practice by leading complex projects while trailblazing the market and forging strong C-suite business relationships with key clients.

Roles & Responsibilities

• Strategic relationship development with key clients.
• Bold play eminence creation.
• Market leadership.
• Industry capability development.
• Team leadership.
• Review of client deliverables to ensure quality, accuracy, and completeness.
• Oversee development and calibration and validation of credit risk models as well as model validation, monitoring and testing.
• Benchmarking credit metrics amongst peers in a market.
• Derivation of portfolio credit analytics.
• Communication of project challenges and outcomes with clients and team members.
• Validation and approval of project reports.
• Team leadership including sharing knowledge and skills with the team.

Key Performance Areas

1. Strategic Impact

• Give meaningful input into the development of strategy of the Service Line / Business Area.
• Implements the strategy within area of business through detailed plan including client targets, marketing plan, people plan, communication plan, and contingency plan.
• Tracking of plans. Identifies innovative solutions to enhance / renew service offerings to market.
• Heads up sales presentation teams for new and retained business, leads negotiations with clients, actively identifies multiple sales opportunities, leads the pursuit process, builds relationships across service lines for cross‑selling opportunities.
• Drives own client portfolio and profitable book of business.

2. Client Impact

• Maintains high level oversight of client projects.
• Develops productive, credible and trusting relationships with current and targeted clients.
• Builds a network of senior‑level internal relationships across Deloitte.
• Establishes and maintains strong relationships with business leaders across industries.

3. Operational Effectiveness

• Validates all SLAs are in place and signed off by all parties.
• Oversees engagement risk and ensures all required documentation and processes are completed.
• Directs and manages complex client engagements and maintains high level oversight of all projects.
• Analyzes weekly/monthly reports and approves process changes/innovative solutions.
• Drives Deloitte values of exceptional service to clients, growing the firm’s brand and talent development.

4. Development / Growth of Team

• Identifies and recruits suitable talent for team, balancing correct levels and numbers.
• Maintains succession plan for senior / critical resources.
• Mentors and develops team members continually.
• Maintains close working relationship with key talent and owns development and knowledge in specialised area.
• Demonstrates commitment to transformation agenda.

5. Budgets / Profitability

• Manages margins effectively through correct budgeting, pricing and profitability management.
• Monitors that time and expenses to engagements are recorded and submitted weekly.
• Negotiates pricing for engagements to ensure profitability whilst maintaining client interests.
• Manages WIP & billings and cash collections.

Qualifications

Minimum Qualifications

• Completed BSC Degree (Mathematics / Statistics / Quantitative / Financial Engineering or Actuarial Science).

Desired Qualifications

• CFA / FRM / MBA qualification would be advantageous.

Required Experience

• 10+ years of experience in credit gained within a