Credit Manager : Private Wealth Banking- Kzn (Avp)

Absa Group; KwaZulu-Natal; On-site; ZAR 40 000 - 80 000; Full time

Job summary

Join a forward-thinking bank as a Credit Manager in Private Wealth Banking, where you'll be pivotal in assessing creditworthiness and managing risk. This role involves analyzing financial information, making informed lending decisions, and ensuring compliance with regulations. You'll collaborate with stakeholders to foster strong relationships and drive skill development while maintaining high standards of risk management. Be part of a dynamic team that is shaping the future of banking in Africa, where your contributions will directly impact sustainable profit and asset growth.

Qualifications

• BCom in Accounting or Finance required, with a postgraduate degree preferred.
• Previous credit sanctioning experience is essential.

Responsibilities

• Assess creditworthiness of individuals and businesses for lending products.
• Review financial information and assess risks while ensuring compliance.
• Prepare detailed credit reports and present findings to management.

Skills

Analytical Skills

Credit Principles Knowledge

Decision-Making

Effective Communication

Risk Assessment

Education

BCom in Accounting

Postgraduate Degree

Job description

Credit Manager : Private Wealth Banking - KZN (AVP)

Empowering Africa's tomorrow, together…one story at a time.

With over years of rich history and a strong position as a local bank with regional and international expertise, our career opportunities allow you to be part of this exciting growth journey, shaping our future as a proudly African group.

Job Summary

The applicant will be responsible for assessing the creditworthiness of individuals and/or businesses requiring lending products within the Private Wealth Banking segment.

The role involves interpreting financial information, assessing client desirability, and detailing risk mitigation strategies in line with credit mandates, internal policies, and regulatory requirements. A key focus is delivering high-quality credit risk assessments to ensure sustainable profit and asset growth within the Operational Level Agreement (OLA).

This position requires strong analytical skills, in-depth knowledge of credit principles, decision-making abilities, and effective communication with internal stakeholders and clients.

Job Description

Credit Sanctioning

• Apply credit roadmaps to assess and analyze credit applications, determining eligibility and risk within regulatory frameworks, guidelines, policies, and procedures.
• Review and interpret financial information, including business financial statements, with understanding of relevant financial ratios.
• Assess industry and business risks, introducing risk mitigation measures.
• Make recommendations on lending outside mandate or policy to higher approval bodies.
• Ensure all credit assessments comply with banking regulations, emphasizing NCAA compliance and internal policies.
• Provide guidance on deal structures and assessments.
• Prepare detailed credit reports and present findings to credit committees or senior management.
• Proactively manage portfolio risks by identifying high-risk trends and industries.
• Perform quality credit sanctioning within the OLA, considering risks, solutions, and compliance.

Stakeholder Management

• Manage, develop, and maintain excellent relationships within your area of responsibility.
• Support Business and SBU's in skill development through training.
• Attend sales meetings with relevant SBU's.
• Demonstrate client engagement and add value.
• Engage in productive deal-making debates with stakeholders.
• Manage deliverables and stakeholder expectations.

Risk and Control

• Apply high standards of controls and risk management, fostering a positive risk culture.
• Adhere to policies, procedures, and regulations.
• Identify, assess, and report risks from significant events or audit issues.
• Exercise prudence, sound judgment, and escalation when managing risks.

Qualifications

• BCom in Accounting, Finance, or Risk. Postgraduate degree preferred.
• Previous credit sanctioning experience required.

Education

• Bachelor's Degrees and Advanced Diplomas in Business, Commerce, and Management Studies (Required)

Absa Bank Limited is an equal opportunity employer. Preference will be given to candidates from designated groups to promote workforce diversity. The bank reserves the right not to fill the position.