Credit Manager: Special Portfolio

Job Purpose

• The Credit Manager is responsible for the proactive management of financially distressed and non-performing clients. This includes understanding clients' businesses, setting appropriate client strategies, and being solution-driven.
• This role supports the Senior Credit Manager, Credit Executive, and Divisional Credit Executive in managing a portfolio of high-risk clients through interactions with CIB IB&TS, Coverage, Property Finance, Rest of Africa, and Special Portfolio’s Credit, Legal, and Administration structures, as well as managing multi-lender situations in consortiums.

Job Responsibilities

Credit Risk Assessment:

• Conduct thorough credit risk assessment by validating client documentation and financial information, highlighting risks and mitigants as part of comprehensive credit risk evaluations.
• Attend client meetings and record relevant notes.
• Prepare high-quality credit applications and provide recommendations with a focus on short-term working capital analysis, interpretation of client projections and models, and annual financial results, ensuring timely submission to relevant credit forums.
• Apply innovative thinking to develop solutions beyond traditional credit parameters.
• Ensure compliance with sanctioning and credit decisions based on credit policy guidelines and appropriate mandated authority. 
• Prepare Stage 3 ECL calculations for non-performing loans.
• Provide input for ECL and RWA forecasts in the budgeting process.
  Portfolio Management:
• Manage daily excesses and provide recommendations.
• Prepare monthly and quarterly updates for internal watchlist reporting.
• Manage month-end procedures including submission of Stage 3 ECL.
• Proactively manage Probability of Default (PD) and Loss Given Default (LGD) ratings, ensuring continuous updates to financial information models.
• Monitor the implementation of approved credit decisions and track clients’ financial health post-restructuring.
• Seek opportunities to improve business policies, processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Research and Analysis
• Conduct research and apply problem-solving techniques to identify and implement effective client solutions.
• Prepare and review MIS reports for credit and operational risk monitoring, including model back-testing and calibration. Ensure accuracy of financial spreads used as input into the modelling process.
  Stakeholder Collaboration
• Collaborate with stakeholders across CIB IB&TS, Coverage, Property Finance, and Special Portfolio to develop tailored financial strategies for clients.
• Engage with external parties such as clients, auditors, legal advisors, and consortium banks to support credit and restructuring processes.
  Regulatory Compliance
• Ensure compliance with regulatory frameworks and internal policies, including Basel (distressed restructures), IFRS, and tax considerations, by consulting relevant experts.
  Committee Participation
• Actively contribute to Special Portfolio credit committee discussions with insights and recommendations.
  Present proposed client strategies for consideration at various credit committees.
  Personal Career Development: 
• Identify training courses and career progression for self through input and feedback from management.

Essential Qualifications - NQF Level

• BCom degree or equivalent

Preferred Qualification

• BCom degree (Hons), preferably with Honours in Finance or Accounting
• CA would be advantageous

Minimum Experience Level

• 2-4 years of relevant experience
•  Insolvency knowledge advantageous
• A working knowledge of various bank products such as current accounts, treasury products, foreign products, asset, and trade finance.

Technical / Professional Knowledge

Behavioural Competencies