Position
Manager: Credit
Details
Location:
Cape Town, ZA
Date:
21 Oct 2024
Reference:
136490
Job Family
Credit
Career Stream
Credit Management
Leadership Pipeline
Manage Self: Professional
FAIS Affected
Job Responsibilities
- Achieve low default target by assessing the quality of applications within bank guidelines, external & internal policies and legislation.
- Contribute to minimising provisions for bad debt by rehabilitating distressed accounts within acceptable risk parameters.
- Reduce losses to the bank by identifying and reporting possible fraud.
- Facilitate achievement of targets by providing advice to Restructuring Office Team on choosing appropriate products and effecting main file changes.
- Build strong relationships with Restructure Team and other stakeholders by collaborating, determining needs and providing advice that facilitates target achievement.
- Smooth the flow of work by maintaining relationships with internal stakeholder network.
- Contribute to improved client service by verifying applications within prescribed turnaround times.
- Ensure that work is delivered according to plan by monitoring progress against personal scorecard objectives (targets, service level agreements, quality of assessment) and taking remedial action where necessary.
- Manage time and resources by ensuring that work is completed efficiently without compromising on performance standards.
- Meet client service level agreements by processing applications within prescribed turnaround times and in line with agreed standards.
- Comply with Credit policy and credit mandate by operating within set guidelines.
- Minimize risk of default by assessing the quality of applications within bank guidelines, external & internal policies and legislation.
- Comply with risk standards by monitoring applications to identify possible fraud and reporting appropriately.
- Improve effectiveness of credit assessment processes by constantly reviewing outputs and making recommendations.
- 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.
- Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
- Ability to write credit recommendations to higher tiers for approval
- Understand and sign-off on property leases, sale agreements, etc.
- Must hold a credit granting mandate at current job
- Be responsible for the monthly reporting and ensure that the requisite reports are formalised within agreed timeframes.
- Must have an understanding of Property Finance and the respective funding models, viz, development funding- res dev, commercial, building loans, etc.
Essential Qualifications - NQF Level
- Advanced Diplomas/National 1st Degrees
Preferred Qualification
Bcom (Hons), CA (SA), CFA
Minimum Experience Level
2-3 years Credit Risk Management experience within a Corporate Banking environment
Technical / Professional Knowledge
- Banking procedures
- Business principles
- Communication Strategies
- Data analysis
- Governance, Risk and Controls
- Nedbank policies and procedures
- Principles of project management
- Relevant regulatory knowledge
- Decision-making process
- Cluster Specific Operational Knowledge
Behavioural Competencies
- Communication
- Decision Making
- Initiating Action
- Managing Work
- Quality Orientation
- Technical/Professional Knowledge and Skills
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Please contact the Nedbank Recruiting Team at +27 860 555 566