SUMMARY:
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POSITION INFO:
MAIN PURPOSE OF THE JOB
The Credit Manager is responsible to manage and make decisions on the credit assessment processes, make recommendations on the granting of credit on all applications received from Corporate Banking and Structured Investment for final approval for new and existing facilities.
Collectively approve loans and credit limits under delegated authority within the Regional Credit Committee (RCC), and review transactions for recommendation within delegated authority mandate.
Prepares credit executive summary and present to Lending Committees (PCC, ECC, CIC & Full Board) with clear recommendations, with conditions of approval financial covenants to manage risk.
Declines transactions if not bankable applications before escalated to the relevant committees.
Provide bankable solutions to Corporate Banking and Structured Investments (CB&SI).
Manages and mitigates potential risks for the Bank within the approved mandate of the Bank and acceptable risk appetite in accordance to the approved Credit Policy by reviewing deals and providing appropriate and bankable structures to suit both the Bank and Client, if necessary proposing more risk effective deal structures.
Ensure that relevant management information is captured to produce CROM report and ERCO report.
Manage Credit Committee processes and policies and guide the chairperson and other committee members.
Manage Credit and Investment Committee processes in conjunction with Board Secreatariat.
Manage the PCC & ECC records (attendance register and declarations, agenda, minutes, decision forms, risk ratings) and safe keeping of all PCC, ECC, CIC and Full Board decisions to adhere to the governance procedures.
Actively provide input in the review and or improvement of the Credit Policy and Procedures in order to enhance and ensure that the legal and business requirements are met.
Effectively liaise, advise and communicates with the relevant stakeholders within the Bank to action performance gaps and variances in the credit evaluation process and guide business as to inform the type of deals selected and presented.
Manage, control and authorise tasks performed by Credit Analyst.
Coach & guide Credit Analysts and manage their performance.
Key Performance Areas
- Quality Credit Assessment and Credit Risk Management.
- Manage and ensure that all relevant information and documentation has been received from the relevant
- Manage the process and conduct Credit Due Diligence for the Service Level Agreements partners
- Providing input to the Credit models i.e. Risk Grading and Pricing Model
- Proactively adopt, execute and implement change initiatives agreed with CB&SI Credit management in support of overall credit strategy and change initiatives.
- Collective mandate to approve loans and credit limits under delegated authority
- Compulsory attendance of meetings by the Credit Manager as chairperson and voting member in line with Delegation of Powers (DOP).
- Consider and recommend applications that are mandated to higher credit committees (PCC, ECC, CIC & Full Board) for approval.
- Consider and recommend applications that are mandated to credit committee, in instances where there is an exception to the approved credit policies
- Ensure a uniform application of credit policies and processes throughout the Bank.
- Manage and perform the duty of the Committee Secretariat (RCC, PCC & ECC)
- Co-ordinate Regional Credit Committee (RCC), Provincial Credit Committee (PCC) & Executive Credit Committee (ECC) meetings with the assistance of Credit Administrator;
- Manage committee processes and policies, and act as an information and reference point for the Chairman and other committee members;
- Provide Committee members advice to the Chairman all set policies, norms and processes;
- Escalate credit applications that are above PCC delegation of power (DOP), as recommended by PCC to the ECC, CIC and Full Board.
- Governance, recording, keeping and reporting
- Managed and attend to audit findings relating to CB&SI Credit
- Initiate corrective action based on audit findings and monitor progress and improvements
- Management of the records (minutes, agendas, decision forms, registers, ratings and declarations) and safe keeping of all RCC, PCC & ECC meetings attended
- Produce stats to the Committees on a weekly basis on all transactions including pricing that were processed in the preceding week to RCC, PCC & ECC.
- Credit Policies and Procedures
- Ensure that the quality and management of the credit portfolio being considered is in accordance with the Credit Policies and Procedures of the Bank;
- Ensure that policies and procedures are in place to manage and control credit risk within the Bank;
- Provide inputs to review of the Credit policies based on insights gained through management of the credit application process
- Thorough review of applications with stakeholders, check adherence to approved credit policies and norms, highlight deviations and suggest corrective action;
- Follow up on suggested corrective actions and submit memos for approval to the relevant Credit Committee;
- Stakeholder Relationship Management
- Compile relevant training materials and provide training and guidance to the relevant stakeholders on credit related matters
- Manage and respond to all allocated queries
- Responsible to build and maintain relationships with all internal and external stakeholders as appropriate.
- Responsible to manage and provide technical support to CB&SI in respect of credit tools.
- Set up meetings with CB&SI as required to provide guidance, advice and feedback in terms of credit loan applications.
- Visit clients as required to assess viability and sustainability of the business prior to compilation of an application.
- Advisory service in structuring of deals to mitigate for identified risks.
- Assist in projects running within a certain period.
- People Management
- Conduct performance planning session and track and monitor performance in accordance with performance contracts for Credit Analyst
- Conduct performance reviews in accordance with policies and procedures and take corrective actions where necessary for Credit Analyst
- Lead the department by managing appointments, promotions, and industrial relations issues conjunction with the Human Capital Support Service Unit
- Conduct disciplinary actions as per policy and procedure where necessary
Preferred Minimum Education and Experience
- A relevant 3 -4 year qualification in Commerce or Agricultural Economics or Accounting degree
- Credit granting experience in corporate banking and structured investments business
Critical Competencies
- Microsoft Office
- Risk management principles
- Knowledge / Experience of compliance systems / tools
- Compliance Management Principles
- Knowledge of Compliance related legislation
- Knowledge of Business and credit Principles
- Knowledge of primary, secondary agriculture sector finance
- Appraisal of credit proposals for business/corporate lending, and deal structuring
Additional Requirements
- Extended hours as and when required.
- Travel as and when required.
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