Requisition Details & Talent Acquisition Contact

REQ 136590- Tshego Semenya

Location: Sandton

Closing date: 5 February 2025

Cluster

RBB

Career Stream Credit CollectionsLeadership Pipeline Manage OthersWhy join our team

Join Nedbank as a Senior Manager: Credit Risk Monitoring and lead the charge in optimizing our credit portfolio quality! You’ll play a crucial role by using analytical skills to monitor business alignment to agreed risk appetite measures including Credit Risk and a variety of other linked risk types such as Operational Risk, Financial Crime Risk and emerging Cyber Risks. Elevate your career by partnering with line managers to attract the best candidates and maintain a high-performing team. Drive prudent risk management and ensure ethical lending and collections practices, meeting CLR targets and Key Risk Indicators and risk loss thresholds. Shape the future of risk by implementing a quantitative driven risk oversight approach, collaborating with stakeholders to highlight pertinent issues. Be the voice of the customer in risk committees and forums, ensuring our business practices are fair. Utilize your quantitative and analytical skills to monitor and analyze various risk types, including credit, market, and operational risks. Align credit policy with regulatory changes and manage resources to deliver on the credit risk monitoring plan. Join a dynamic team and make a significant impact on credit risk management excellence at Nedbank.

Position

Senior Manager: Credit Risk Monitoring

Job Purpose

To ensure that the Group Risk Frameworks are embedded; operationalised and implemented within the business. To provide oversight and guidance on identification, assessment and mitigation of specific business risks that have a negative impact on the credit portfolio quality.

Job Responsibilities Operationalise the Nedbank Group Enterprise-wide Risk Management (ERM) Framework by ensuring that business unit level Enterprise-wide Risk Committee governance (ERCO) structure and charters are implemented; ensuring adequate risk reports generated; risk meetings held and risk processes aligned with group. Ensure prudent credit risk management by monitoring credit portfolio quality to meet Risk Adjusted Return on Capital (RAROC) and Credit Loss Ratio (CLR) targets. Develop, plan and execute data and analytical based risk monitoring exercises in line with agreed monitoring methodology to ensure business alignment to agreed risk appetite measures, as well as legal opinion and directives. Provide input into the enhancement of the Operational Risk Management Framework (ORMF), methodologies, policies, processes. Represent ERM by participating or contributing to relevant governance committees such as Divisional Executive Committee (DIV-EXCO); ERCO; Cluster Credit Committee (CCC); Risk and Business Operational Committees (OPCOMs), as well as other Business and Risk Forums, such as Business Review (BR), Credit Policy, Collections and Conduct forums. Establish emerging risks by studying the external environment including competitors and the macro economy. Ensure compliance with regulations and prevent losses by facilitating risk management in the business and by engaging with relevant stakeholders regarding risk related issues. Evaluate and analyse internal and external audit related issues (findings) affecting the business and guide business to ensure recommended actions are adequate and effective. Challenge product and/or solution design to ensure congruency with not only the required business specifications, but also with the risk frameworks. Ensure continuity and record keeping through formal sign-off at forums and by creating and maintaining accurate documentation. Ensure business processes and systems are functioning by identifying and documenting risks. Job Responsibilities Continue Identify, establish and maintain relationships with stakeholders to ensure buy-in of monitoring and recommendations. Challenge recommendations and policy changes made by the business to ensure thorough understanding of the risk involved. Ensure that the bank, in its lending practices, treats the customer ethically and fairly by being the customer's voice in Risk Committees and Forums. Manage performance of staff by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognising and rewarding achievement and take appropriate corrective action where required. Motivate staff to perform and contribute to the success of the business by creating environment of teamwork through engaging with staff (sharing information) and encouraging participation in decision making processes. Maintain a capable high performing team and ensure an environment for optimal performance is created by identifying talent pool through conducting career conversations, utilising the talent grid principles and developing talent retention programmes (e.g. rotation). Manage the on boarding process of new employees by ensuring execution of preparations according to the on-boarding check-list. Ensure transformational targets are met for own team through consideration of targets during the staff recruitment, retention and training process and utilising suppliers listed on the preferred supplier list. Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.). Manage budget by controlling expenditure. Minimum Experience Level

Solid experience (minimum 7 years) as a Credit Risk analyst with coding knowledge, as well as good exposure of operational risks impacting on credit risk. Team lead/management a must.

7 years Credit (underwriting, decisioning and/or management experience within Banking environment)  5 – 7 years’ data and coding experience (using SQL, SAS, Python, programming, Microsoft Office with specific focus on Excel Automation & optimization Business writing). 2 – 3 years’ experience in Risk Management (Operational Risks and Enterprise-wide Risk management).
  Essential Qualifications - NQF Level Professional Qualifications/Honour’s Degree Preferred Qualification Bachelor's degree majoring in Maths, Statistics, IT, Science or Engineering. Technical / Professional Knowledge Business administration and management Change management Client service management Communication Strategies Financial Accounting Principles Governance, Risk and Controls Organisational systems Principles of project management Relevant regulatory knowledge Management information and reporting principles, tools and mechanisms Disclaimer

Preference will be given to candidates from the underrepresented groups

Please contact the Nedbank Recruiting Team at +27 860 555 566

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Please contact the Nedbank Recruiting Team at +27 860 555 566