Manager: Credit

Nedbank; Sandton; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

Nedbank invites experienced credit risk professionals to join its team in overseeing the qualification and approval of credit facilities. The role involves validating client information, analyzing applications for serviceability, and making funding decisions aligned with Nedbank policies and strategic objectives.

Ideal candidates will bring 5 years in credit, strong data analysis, and a thorough understanding of banking procedures.

Qualifications

• Must have banking knowledge and understanding of credit processes.
• Strong data analysis skills and ability to interpret financial information.
• Experience applying credit policy guidelines to funding decisions.
• Familiarity with Nedbank policies and governance controls.

Responsibilities

• Validate client and supporting information by assessing documents.
• Analyse credit applications for serviceability of funding.
• Approve funding using credit policy guidelines and Nedbank strategy.
• Suggest alternative funding solutions when declined.
• Maintain relationships and provide credit risk advisory services.
• Ensure sign-offs within mandated limits and SLA guidelines.
• Identify process improvements and participate in policy redesign.

Skills

Banking knowledge

Data analysis

Decision making

Governance and risk

Customer focus

Education

Advanced Diplomas/National 1st Degrees

Job description

To recommend and or grant credit in order to place quality assets on to the book and continued risk management across Nedbank.

Job Responsibilities

• Validate client and supporting information by assessing the contents of the documents.
• Analyse credit applications by assessing serviceability of the funding applied for.
• Approve funding by making decision based on the credit policy guideline in conjunction with relevant Nedbank strategy and the analysis based on the information provided.
• Suggest alternative funding solutions by making recommendations based on the credit policy guideline and the analysis based on the information provided where declined.
• Build and maintain effective working relationships by providing a range of specialized credit risk management advisory services.
• Manage client expectations by operating within the specified parameters and Service Level Agreements (SLA).
• Enhance processes, policies and procedures by recommending and making submissions to the relevant parties.
• Adapt to changes in Legislation by providing input to redesigning credit processes and systems where applicable.
• Ensure processes are actioned within mandated signatories by checking and confirming the sign off.
• Manage daily activities of direct reports by monitoring the staff output.
• Manage performance and build the intellectual capital of the team by conducting on the job training, counselling and coaching.
• Support the achievement of the business strategy, objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems, process, services and solutions are aligned.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified timeframe.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
• Participate and support corporate responsibility initiatives for the achievement of business strategy.
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Essential Certifications

• Chartered AccountantMasters in Business AdministrationCFACIMA

Minimum Experience Level

• 5 years practical Credit experience

Technical / Professional Knowledge

• Banking knowledge
• Banking procedures
• Business Acumen
• Communication Strategies
• Data analysis
• Governance, Risk and Controls
• Industry trends
• Nedbank policies and procedures
• Principles of financial management
• Principles of project management
• Communication
• Customer Focus
• Decision Making
• Work Standards
• Managing Work
• Technical/Professional Knowledge and Skills

Nedbank Ltd Reg No 1951/000009/06.
Authorised financial services and registered credit provider (NCRCP16).