Ongoing Risk Management Specialist-3Job DescriptionTo identify, assess and mitigate risks in the organisation's high exposure, high risk portfolios by employing early credit risk management interventions.The incumbent enables business continuity through rehabilitation efforts and minimizes risk to the organisation, customer and other external stakeholders.Enable business continuity through rehabilitation efforts and minimise risk to the organisation, customer and other external stakeholders.Build and optimise relationships with critical business partners to mitigate identified risks and ensure best scenarios for ongoing risk outcomes.Establish monitoring mechanisms to track key risk indicators and early warning signs.Regularly review and analyse credit risk data to provide insights and recommendations to relevant committees and key stakeholders.Use credit scoring models and risk assessment frameworks to quantify the level of credit risk and evaluate the creditworthiness of potential borrowers or customers seeking credit facilities.Monitor the credit portfolio on an ongoing basis to identify emerging credit risks and trends.Ensure and stay updated on relevant regulations and compliance requirements related to credit risk.Identify deceased matters where the mandates need to be changed, and credit re-scored failing which claim needs to be logged against estate and matter handed over to recoveries.Meet management on a regular basis to obtain buy-in and approve strategies.Identify trends related to rehabilitation process, debt restructuring and communicate to relevant stakeholders.Assess legal strategy and optimise bank's recovery as well as for customer.Provide subject matter expertise 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.Ensure compliance is adopted in terms of systems and procedures as laid out by organisation and review in response to audit findings and changes.Promote teamwork amongst peers and team members.Ensure development and continuous value add improvement to operational processes.Control expenditure and identify process improvements to contain and reduce costs.Job DetailsApplication Closing Date: 17/09/24All 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.
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