MAIN PURPOSE OF THE JOBDevelops, monitors and reports on implementation of the Credit Risk Management Framework which includes credit policies, credit committee governance charters, portfolio monitoring and reporting within the organisation, thereby assisting to maintain credit exposures within approved parameters by the Board. Support CRO with governance in all credit committees and provide reports to Exco and Board. Develops, monitors and report on implementation of the Model validation and Governance Framework including model validation policies, SOP, frameworks within the organisation. Leads and Manages the independent review and validation of the all models that mitigate the credit risk, liquidity risks, covering pricing, credit & IFRS models and impairment models, to ensure financial sustainability of the organisation. Provides oversight on credit assessments done by Credit (Hind-sighting) to align with credit policies and SOP's and best practice.Key Performance Areas Manages the development and refinement of the credit risk management framework, credit policies, procedure manuals and governance chartersDefines the Credit Policy and Risk framework and manages implementationReviews and maintains the credit risk limit / prudential limits in line with the Policies to inform the organisation's risk appetiteReviews and maintains the credit policies for alignment to the Basel principles and IRFS 9 requirement for best practice risk management and governanceReviews and maintains the procedure manuals for policy implementation Portfolio monitoring and reporting to CROM on all segments to ensure quality credit exposure and provides remedial recommendations to address deficiencies in portfolio managementMonitors business performance in accordance with policies, procedures, legal requirements and against set corporate plan and business targetsMonitors the renewal / review of credit facilities and reclassification of high risk accounts based on IFRS 9 stage classificationMonitors accounts in breach of covenants and recommend remedial action to be done by PMSMonitors accounts within Workout and Restructuring and/or watch list exposuresMonitors actioning of outstanding collateral as per exception reports generated from the CMS Manages the process of independent review and validation of the organisation's pricing, IRB credit and IFRS 9 impairment models that mitigates the key strategic pricing and credit risks faced by the bank as per best practise risk management policies and model governance protocols.Manages and designs an effective, systematic, disciplined approach to evaluate and improve processes and procedures for the validation of key pricing, IRB credit and IFRS 9 impairment models.Manages and updates the Model Governance Framework and related policies in relation to pricing, IRB credit and IFRS 9 impairment models.Gives input and advise on the development, implementation, use and improvement of the organisation's pricing, IRB credit and IFRS 9 impairment models through a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Monitors the adherence to charters, Delegation of Powers (DOP), policies, processes and procedure manuals at credit committee meetings and credit value chain within the organisationPermanent attendance of credit committee meetingsMonitors adherence to credit committee charters, DOP, credit policies, processes and proceduresHighlights any risks associated with a loan application and propose mitigants to protect the interest of the organisationProvides training and guidance on implementation of credit policiesIdentifies and records policy gaps to inform the review of credit policiesNotes policy exception to inform the review of credit policiesAttends to policy change request from stakeholder to be approved and implemented in the credit value chain Develops, monitors and report on implementation of the Model Governance Framework including supporting policies within the organisationManages all the pricing, IRB credit and IFRS 9 impairment models to ensure conformance to relevant international and domestic regulations and legislation.Liaise and assists management on areas that require improvement in internal controls and the related regulatory environment by considering business objectives in the associated economic environment.Provides regular feedback to management on validation findings that require special management attention.Compiles an integrated model validation plan that takes into account the economic environment, the key strategic risks faced by the organisation and the limitations of the business due to capacity constraints. Build and maintain Stakeholder RelationsSet-up meetings with the role players to discuss the roles and responsibilities and possible areas of cooperation, improvement and conflictInforms the relevant role players of the outcomes, deviations and actions requiredManages relationships in order to achieve credit risk management objectives and risk appetite of the organisationRepresents the organisation at SACRA membership meetings, AGMS and projects steerco Departmental and People ManagementPerformance ManagementCapacity PlanningFinancial ManagementPreferred Minimum Education and ExperiencePost Graduate qualification in accounting, mathematics, statistics, credit risk, and related8-12 years Credit risk management experience4-8 years Managerial experienceCritical CompetenciesMicrosoft OfficeModel governance and validationCredit Granting systems / toolsRisk Management PrinciplesWritten and verbal communicationCredit granting regulationsMarket risk principlesHuman resource and performance managementRegulatory legislative requirementsAdditional RequirementsExtended hours as and when required.Travel as and when required.
