Head-Credit Risk

Emea3 Recruitment; Gauteng; On-site; ZAR 1 200 000 - 2 000 000; Full time

Job summary

A leading company in the financial sector is seeking a Head of Credit Risk to oversee credit risk management and ensure compliance with regulatory standards. The ideal candidate will have extensive experience in credit and investment risk management, along with strong leadership and analytical skills. This role involves guiding various stakeholders, maintaining credit portfolio quality, and fostering a culture of prudent risk management.

Qualifications

• Minimum of an Honor's degree in finance or related field.
• 10 to 15 years of senior management experience in credit risk management.

Responsibilities

• Oversee identification and mitigation of credit risks.
• Ensure compliance with regulatory requirements.
• Lead coaching and talent development within the department.

Skills

Strategic thinking

Stakeholder management

Problem-solving

Analytical skills

Communication

Education

Honor's degree in finance, accounting, economics, business administration

Master's qualification

Job description

Ensure the Credit Risk function meets its objectives of providing appropriate credit analysis, risk control, and business enablement, while developing and implementing strategies to safeguard the bank's financial stability.

Role Overview

The Head of Credit Risk should guide and support various stakeholders, including subordinates, strategic business units, departments, executive management, board risk committees, internal and external auditors, and other parties.

Qualifications and Experience

1. Qualifications: A minimum of an Honor's degree in finance, accounting, economics, business administration, or a related field is essential. Candidates with extensive credit risk management experience in non-commercial degrees and a master's qualification will have an advantage.
2. Knowledge and Experience: 10 to 15 years of senior management experience in credit and investment risk management, proficiency in managing professional teams, and knowledge of key business functions and credit processes are required. Experience in presenting to senior committees and understanding of industry standards and regulatory requirements are also necessary.

Roles and Responsibilities

1. Oversee identification, assessment, and mitigation of credit risks across the organization's lending and investment portfolio.
2. Ensure robust credit policies aligning with regulatory requirements and organizational strategies.
3. Maintain the quality of the credit portfolio, balancing risk and reward, and fostering prudent risk management culture.
4. Review loan performance indicators and ensure controls are in place throughout the credit lifecycle.
5. Set and monitor risk appetite levels, including sector, country, and concentration limits.
6. Track credit projects, ensure timely delivery, and report at required forums and committees.
7. Lead coaching, mentoring, and talent development within the department.
8. Review credit products and monitor their performance, addressing emergent risks.
9. Ensure stakeholder satisfaction through effective communication and adherence to SLAs and TAT standards.
10. Serve on various committees, providing advice and acting as an alternate for the Chief Risk Officer when necessary.
11. Interpret committee requirements, formulate responses, and ensure compliance with standards.
12. Provide internal and external risk reports and ensure consistent application of investment decision rules.
13. Train stakeholders on credit risk management and review certification programs periodically.
14. Translate policies and strategies into operational execution and oversee departmental projects.
15. Manage conflict, foster positive relations, and drive a high-performance culture.

Leadership and Behavioral Competencies

Resilience, decisiveness, people engagement, communication, stakeholder management, teamwork, change leadership, strategic thinking, and a business mindset.

Technical and Functional Competencies

Entrepreneurial thinking, problem-solving, business acumen, communication, influence, performance focus, analytical skills, planning, and organization.