Position: Head, Credit Vacancy at Standard Bank Group – Dar es Salaam
Job ID: 29018
Job Sector: Banking
Closing Date: Dec 31 2017
Country: Tanzania
Region/State/Province/District: Dar es Salaam Region
Location: Dar es Salaam
Job Sector: Banking
Closing Date: Dec 31 2017
Country: Tanzania
Region/State/Province/District: Dar es Salaam Region
Location: Dar es Salaam
Job Details
Risk Management: understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bank
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Job Purpose
Overall management of credit risk associated with Corporate and Investment Banking (CIB) lending, Personal and Business Banking (PBB) lending, trading activities and investing activities within prescribed risk appetite parameters.
Key Responsibilities/Accountabilities
Build a credit platform across the Rest of Africa geographies within the larger CIB & PBB Business
- Organise, manage and develop teams in order to effectively execute a geographic mandate, albeit in concert with the greater Credit team;
- Effectively manage the existing Corporate Credit portfolio and the pipeline of new transactions;
- Co-ordinate and co-operate with resources globally to manage transactions and fulfil the Credit philosophy;
- Maintaining and improving the quality of lending book;
- Minimising credit losses by ensuring that there are adequate processes and systems in place to provide early detection of problematic/potential default accounts; and
- Ensuring compliance with CREDIT policies and lending guidelines with appropriate adoption of same across the Rest of Africa geographies.
Evaluation of credit applications:
- Analysis of Corporate applications for facilities to assess the appropriateness of the credit risk relative to the profitability of the deal;
- Effective provision of high-quality analyses, approvals and where necessary recommendations to higher authority; and
- Effective sponsorship and presentation of applications to global Credit Committee, where required.
Contribution to various forums/committees
- Involvement in PSI, Watchlist and NPLs meetings relating to deals and names managed by the in-country Credit teams;
- Involvement in various management forums and committees;
- Ensuring adequate systems, policies, processes and procedures are in place to monitor and manage credit risk arising across the geography;
- Participate in fora /committees around the development of a Credit strategy as appropriate; and
- Acting as chairman to the in-country credit committee meeting where necessary.
Ongoing Credit Management:
- Ensuring effective excess management, with appropriate escalation where necessary;
- Ensuring effective compliance management (monitoring of ongoing credit and legal compliance requirements);
- Ensuring effective management around the overdue reviews and irregular accounts to a target of 5%;
- Monitoring, questioning and understanding changes in the credit quality in any counterparty / industry falling within the portfolio;
- Making recommendations to line management and committees/forums regarding industry trends and the implications for managing the credit risks of clients in the geography; and
- Ongoing monitoring of risk grade (PD), recovery rate shifts and general trends.
- Managing within sectoral and counterparty risk appetite and the identification and mitigation of concentrations.
- Identifying when deep drills are required ensuring that deep drills are done to the required standard as and within required timelines
Management Reporting:
- Keeping line management informed on material developments; and
- Provide input into general Credit reports
Team Leadership:
- Leading the building of the team’s competencies, team coherency and productivity;
- Identifying and initiating personal development needs and learning experience, as well as business unit development/training needs.
- Displaying appropriate people management skills designed to build the team, with a specific focus on the development of individual competencies, coaching and mentorship;
- Change management facilitation as required;
- Regularly reviewing team member’s performance within the team and their training and development needs; and
- Regularly reviewing team member’s career plans and their own succession plans.
Portfolio Management:
- Maximising the productivity of the team whilst minimising portfolio risk through active portfolio credit management and support/coaching on complex transactions;
- Identifying and managing high risk accounts and undertaking the necessary corrective action when the risk profile threatens to become unacceptable;Involvement in accounts monitoring process where necessary; andEnsuring active and maintained co-ordination of stakeholders in the process to ensure all expectations are met.
Success Indicators:
- Co-operative relationships between the various internal contributors in the credit value chain;
- Co-operative relationships with internal and external stakeholders;
- Taking responsibility for the Credit Rest of Africa portfolio(s) across all Rest of Africa countries;
- Creation and management of an accepted credit sector platform to enable the applicable business teams in the Bank’s chosen markets and products;
- Having a sense of urgency in order to progress critical deals whilst minimising application backlogs and turnaround times;
- High reliability of decisions made; and
- Finding alternatives in order to make deals work (if possible) and in so doing, add value to the deal making process.
Preferred Qualification and Experience
- An appropriate commerce post-graduate degree.
- Minimum of 5-8 years experience in leading credit teams;
- Minimum 7-10 years strong decision making experience with regards to credit issues; and
- Credit recovery experience is advantageous.
Knowledge/Technical Skills/Expertise
- Good understanding of accounting (both management and financial accounting) to analyse financial strengths and weaknesses of clients and identify potential risks to credit proposals;
- Thorough working knowledge of the Risk management systems monitoring, and its related procedures, for analysing the account behaviour of clients and identifying trends and shifts in credit risk profiles;
- Thorough understanding of Standard Bank’s products and facilities that give rise to counterparty credit risk;
- Ability to undertake statistical analyses;
- Understanding of Basel II and broader regulatory and Compliance requirements;
- Well-developed knowledge of financial markets;
- Thorough conceptual and practical knowledge of credit procedures, policies and standards; and
- Knowledge of risk management systems and derivative instruments.
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