The purpose of this position is to identify, measure, mitigate and monitor credit risk and by taking appropriate actions to ensure that the credit quality remains within the Bank’s acceptable risk appetite. This will be achieved by conducting detailed credit risk analysis by evaluating potential and existing clients’ capacity to borrow, by assessing, amongst others, their financial background, their ongoing ability to repay the borrowed credit and adherence to lending conditions throughout the term of the lending relationship.

JOB RESPONSIBILITIES:

• High quality of credit evaluation and financial risk assessment and reporting, not compromising on accuracy and speed to meet deadlines.
• Monitor adherence to covenants and other legal agreements conditions on a continuous basis and discuss any deviations and possible concerns with Investment teams to remedy non-adherence. Escalate issues through internal procedures (e.g., rapid risk reviews) and/or to management where necessary.
• Provide detailed report/s on analysis, findings and recommendations tied to the assessment of credit risk.

• Stay abreast of changes in private and public sector financial reporting/accounting standards and principles in order to determine the impact thereof on the interpretation of the financial results for the purposes of credit analysis and financial risk determination.
• Determine internal Bank’s credit ratings and loss given default (LGDs) together with return on investments proposals that are acceptable to the Bank, on a risk vs return basis.
• Disbursements and NPLs achieved within agreed targets.
• Develop and prepare spreadsheets and models to support analysis of new and exist credit/loan applications.
• Perform credit and financial analysis on new business deals and review of existing clients through analysis and interpretation of financial and economic metrics to ensure acceptable credit risk resulting in minimizing non-performing loans (NPLs) and/or write-offs.
• Effective collateral, covenant and undertakings monitoring, and reporting completed within agreed timeframes.
• Manage, monitor, and communicate other credit risks associated with outstanding collateral, covenants and undertakings; and credit migration of clients on/off the Watchlist and NPLs book.
• Form part of the deal closing team to negotiate covenants, collateral and legal conditions with clients and co-lenders, in accordance with the Bank’s approved key terms and disburse approvals in accordance with the Bank’s internal procedures and legal agreement conditions
• Manage the ongoing credit risk on a portfolio of clients by pro-actively identifying problematic/high risk clients through regular reviews and industry updates, staying up to date with the latest market developments and conducting industry research when required.
• Adhere to Bank’s lending protocols, risk management policies and procedures and ensure that they are fully complied with and that any policy breaches have been suitably addressed and mitigated.
• Present analysis, findings and recommendations that involves the borrower’s ability to repay.
• Annual reviews completed (% complete by Value and by Number) for all clients in the portfolio, within the agreed timeframes.

JOB REQUIREMENTS:

• Proven ability to effectively manage competing deadlines for projects in a high-pressure work environment.
• Demonstrated ability to: Obtain data, perform in–depth credit evaluation of both quantitative and qualitative credit risks, and provide expert analysis; Conduct debt sustainability analysis; Deliver high quality reports for decision-making.
• Proficient with Microsoft Office (MS- Word, MS Excel (at an advanced level of proficiency), MS PowerPoint, MS Outlook), Quantitative and Qualitative Credit Rating Models.
• A minimum Bachelor’s Degree in Financing, Accounting, Economics or Engineering.
• Experience in analyzing, interpreting, and capturing of financial information in financial and credit rating models.
• At least 3 years working experience (post Articles) in wholesale credit risk management, corporate or investment banking or similar, with strong analytical experience.
• Knowledge of Private sector (e.g., GAAP, IFRS) and Public Sector Financial Reporting (e.g., GRAP, IAS, IFRS, King IV, MFMA, PFMA), cost accounting and/or financial analysis and/or auditing and the Companies Act.
• Solid knowledge of the financial markets, banking, and municipal operating environment.
• Practical knowledge of Credit Risk Management and a broad appreciation of the range of Compliance and Enterprise Risk Management and Reporting practices.

JOB DETAILS:

Company: Adcorp Group

Vacancy Type: Full Time

Job Location: Johannesburg, Gauteng, SA

Application Deadline: N/A