Purpose of the Role: To provide oversight, support and challenge to the First Line of Defense through monitoring, guiding and enforcing risk management practices to ensure that risks are adequately identified, assessed, managed and reported according to the Banks risk appetite and regulatory requirements Role Responsibilities:Framework and PoliciesDevelop policies, procedures and guidelines for the facilitation of credit risk managementKeep abreast of new industry developments within the unsecured loan and credit environment. Provide oversight in credit strategy formulation to ensure achievement of lending related business objectives.Risk Appetite for Business BankingFormulation, aggregation, and cascading of the Risk Appetite for Credit Risk Monitor, report and oversee the remediation of breaches thereof.Credit Risk Monitoring for Business Banking Oversee the execution of all credit activities, covering credit granting, loan management and monitoring, credit analytics and all collection activities. Review and ensure compliance with approved credit framework and supporting policy suite. Develop core triggers to proactively manage credit risk.Perform scenario analysis of the bank's loan book to determine the impact of stressed periods on credit risk.Conduct risk assessments on new products and partnerships Determine appropriate methodologies for delinquency, NPL, and loss forecastingOversee and approve the determination of the Expected Credit Loss in alignment with IFRS 9. Ensure the accuracy and reliability of risk models and metrics used for measuring financial exposures and assessing risk concentrationsDevelop approaches and review assumptions across risk methodologies, with emphasis on the Bank's wholesale credit riskBuilding risk awareness amongst staff by providing support and training within the bankCredit Risk Reporting for Business BankingLead the timeous preparation of various reports that are required to be presented to various governance structures relating to the Group's loan portfolio. Quality assures these reports in terms of accuracy and completeness. Publish and distribute reports to the relevant users. Design and develop new standard reports. Present reports to various committees. Enhance the automation of reporting to improve compliance with RDARREnsure the availability, quality, and integrity of data used for financial risk management purposes by implementing robust data governance frameworks and data management practicesRegulatory for Business BankingEnsure that the Group complies with legislative and regulatory requirements in the conduct of its lending activities.Ensure compliance with legal and regulatory requirements with respect to reporting obligations pertaining to the lending portfolio. Lead regulatory and industry body engagements relating to Credit Risk.Financial and People ManagementManage and develop subordinate(s): Performance management in terms of contracting, reviews and poor performers, Training and development, Employee relationsManage people efficiencies through leave management, headcount budget, fixed term contracts, staff movements, secondments, staff utilizationTake appropriate disciplinary measures as requiredFacilitate induction of new staff within one month of joining the organization Ensuring business continuity by crossing skilling employeesPerform technical reviews on tasks performed by employeesPromote awareness and ensure adherence to all policies and proceduresPromote proactive risk management amongst team membersStakeholder engagement and CommitteesEngage with internal stakeholders, including business units, senior management, and risk committees, to assess risk appetite, develop risk mitigation strategies, and support business initiativesFoster open communication and collaboration between the financial risk management team and other departments, such as finance, compliance, internal audit, and legal, to address risk-related issues and concernParticipate in risk committees, such as the Risk Management Committee (RMC) or Asset and Liability Committee (ALCO), to provide insights into financial risks, portfolio performance, and risk management practicesCoordination of committee activities including liaising with other divisions to put together packs, creating work plans for committees and improving on reportingEnsure attendance at BASA meetingsAddress stakeholder concerns and feedback in a proactive and constructive manner, demonstrating responsiveness and accountability in risk management and governance mattersAd hocDeliver on adhoc requests Minimum Education and Experience: Bachelor's degree in finance, Economics, Statistics, Business, Mathematics, Accounting, Engineering, Computer Science, MBAMinimum of 9 - 10 years' experience in credit risk management with at least 5 years of managerial experience
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