Credit Model Standards and Governance Lead Location: Johannesburg
Time Type: Full time
Posted on: Posted Yesterday
Time Left to Apply: End Date: October 25, 2024 (5 days left to apply)
Job Requisition ID: R23442
Job Description To research, develop and roll out credit risk modelling techniques to address new requirements applicable across the group, enhancing the efficiency and effectiveness of current approaches to existing requirements.
Hello future Credit Model Standards and Governance Lead! FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand's business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you!
Role Purpose To research, develop and roll out credit risk modelling techniques to address new requirements applicable across the group, enhancing the efficiency and effectiveness of current approaches to existing requirements.
Are you someone who can: Develop and maintain credit modelling standards, including compliance with all the latest regulatory developments, new industry developments and best practices, tailored to FirstRand. Ownership of related frameworks that capture in a practical and consistent approach. Oversee SAS MRM processes for credit models, including system optimization, data quality and completeness, reports and automation. Refresh and optimize credit technical committees, including processes prior, during and after committees; documentation; decision making; progress tracking. Participate in engagements with external stakeholders (auditors, regulators) on credit risk modelling related matters across the group. Engage with universities to facilitate ongoing credit risk modelling related research initiatives and collaboration efforts. Deliver customer experience excellence aligned to organizational values and service standards. Build professional long-term relationships with customers based on trust that builds the brand. Collect and interrogate information and feedback to ensure full understanding of customer needs to deliver a quality service. Deliver service that exceeds customer expectations through proactive, innovative and appropriate solution selection and application. Ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability. Ensure implementation of relevant policies, governance and practice standards across the business. Maintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirements. Develop an understanding of risks and risk management approaches. Implement and provide input into the development of governance and compliance procedures and processes within area of specialization and identify risks. Educate others and make suggestions for improvements. Network and participate in specialist risk forums where required. Monitor and control business processes according to quality standards; policy; and compliance and governance requirements in area of accountability. Research, enable and consult on improvements and opportunities to harness technology and platform enablement. Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimize redundancy. Monitor customer feedback reports and align processes to maximize efficiencies. Provide regular reports on delivery of services against agreed service level agreements and in terms of overall customer targets. Accumulate information to review work progress that provides input to reporting, decision making and the identification of improvement opportunities. Understand competencies and skills required for own and employee's development and performance. Identify development needs and select effective solutions to address own and employee development needs. Participate and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared. Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies. Participate in specialist communities of practice and contribute positively to own and organizational knowledge improvement. Are you interested to take the step? We look forward to engaging with you further. Apply now! Job Details Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below. 25/10/24
All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
#J-18808-Ljbffr