Job Description

Requisition Details & Talent Acquisition Contact
Requisition nr:
Talent Acquisition Specialist: Bongiwe Mchunu
Location: Bloulelie Cres, Plattekloof 3, Cape Town
Closing date: 23 January 2025
Cluster
Business and Commercial Banking
Career Stream
Credit Management
Leadership Pipeline
Manage Self: Professional
Position
Manager: Credit Risk
Why join the team!
This role offers a unique opportunity to make a tangible impact by helping businesses in financial distress regain stability and thrive. You'll work at the intersection of strategy and problem-solving, crafting tailor-made solutions that protect the bank while preserving client relationships. Every day brings a new challenge-whether it's navigating complex financial structures, negotiating with stakeholders, or applying innovative thinking to rehabilitate clients. The satisfaction of turning around a struggling business and seeing the positive results is unmatched, making this role both rewarding and dynamic.
At the same time, the environment is fast-paced and pressurized, requiring resilience and adaptability. You'll face tough decisions, courageous conversations, and situations where timelines are critical, such as business rescue processes. But with these challenges come exceptional opportunities: exposure to diverse industries, advanced training in insolvency and business rescue, and the chance to build a highly sought-after skill set in credit risk management. If you thrive on complexity, enjoy client engagement, and want to grow into a strategic advisor role, this position will give you the platform to excel
Job Purpose
To review credit assessment and manage risk across lending products to provide oversight and optimise the credit portfolio quality for Nedbank.
Job Responsibilities

• Perform monitoring exercise to ensure business alignment to agreed risk appetite measures.
• Gain consensus and highlight pertinent credit risk issues by preparing and presenting reports to various forums.
• Facilitate and guide monitoring activities by obtaining legal opinion and directives.
• Establish emerging risks by studying the external environment including competitors and the macro economy.
• Contribute towards financial targets by monitoring and improving credit risk.
• Identify, establish and maintain relationships with stakeholders to ensure buy-in of monitoring activities and recommendations.
• Provide independent opinion to stakeholders to inform prudent risk management.
• Challenge recommendations and policy changes made by the business to ensure thorough understanding of the risk involved.
• Represent Credit Risk by participating in Risk Committees and Forums.
• 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.
• Ensure alignment to changes in regulations and Group Policy by contributing to the maintenance of an up to date credit policy.
• Address immediate and emerging risks by performing ad hoc monitoring exercises.
• Ensure compliance of agreed corrective actions by continuous monitoring.
• Ensure alignment of business to policy and regulations by monitoring and making recommendations.
• Ensure clear direction of activities by establishing and following an annual visitation programme for all regions.
• Ensure accuracy and quality by monitoring work done by team.
• 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.
• Stay abreast in field of expertise and deliver on the expectations from stakeholders by building capability of self and staff through identifying current and future training and development needs.
• Contribute to team effectiveness by following the recruitment process when recruiting talent.
• Ensure self and staff understand and embrace the Nedbank Vision and Values by leading by example and re-enforcing values during meetings.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
• Create a client service culture through various required interventions.
• Encourage team to generate innovative ideas and share knowledge.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Post-graduate qualification in Credit, Accounting and Finance or similar

Minimum Experience Level

• 4 to 6 years of banking experience with a strong focus on Credit or Credit Risk management. This should include hands-on exposure to assessing financial statements, structuring credit solutions, and managing risk for business clients.
• Proven ability to rehabilitate financially distressed clients, apply credit policies, and exercise independent judgment within mandate limits.
• Experience engaging directly with clients, conducting on-site visits, and leading courageous conversations to negotiate restructuring solutions.
• Solid understanding of credit risk principles, industry trends, and regulatory requirements, with the ability to think creatively and tailor solutions beyond standard policy frameworks.

Technical / Professional Knowledge

• Business administration and management
• Change management
• Client service management
• Financial Accounting Principles
• Governance, Risk and Controls
• Principles of project management
• Relevant regulatory knowledge
• Service level agreements
• Strategic planning
• 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
Please contact the Nedbank Recruiting Team at +27 860 555 566
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