Manager: Credit Risk - Home Loans Origination PBB at Standard Bank Group

Job description

Job Details

Group 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

Job Purpose

Supports the Senior Manager, Credit Risk Home Loans Origination and Risk Appetite with the optimisation of the Home Loans Origination credit risk decisions by ensuring that all strategies and policies informing the decisions are executed within agreed risk appetite parameters, in a cost effective manner.

Key Responsibilities/Accountabilities

• Home Loans Credit Risk origination strategy and framework deployment
• Develops an execution plan for the Home Loans business unit to deliver on the overall Credit Risk management strategy.
• Provides input into the Home Loans business unit strategy to ensure alignment with the desired Credit risk profile.
• Drives effective execution of the credit risk strategy and framework in line with the risk appetite statements, the Group Credit Risk Governance Standard, PBB Global Credit Policy, and the National Credit Act.
• Contributes to the development of a data driven decision making culture and creating awareness of the importance of credit risk management.
• Shares the credit risk framework and methods proactively through participation in employee orientation sessions, training, and creating awareness in executive engagement sessions (e.g. Home Loans Risk Appetite Forum and Home Loans Credit Manco).
• Translates strategy into practical implementation.
• Participates and provides input into relevant planned changes in the Home Loans portfolio - strategy changes, product changes, segment changes, system changes and process changes. Provides a proactive view of the potential impact on the credit risk profile of the portfolio and propose relevant risk mitigating strategies/processes.
• Effective Credit Risk monitoring
• Guides the detailed analysis of changes in trends in order to determine the root cause and formulates the relevant plan of action where required to ensure that the portfolio remains within risk appetite parameters. Examples of trends include: Risk distribution of customers applying for Home Loans, Accept rates, Take up rates, LTV distribution, Loan Term distribution, Channel distribution, Employment type, Property type.
• Compiles presentations / reports in preparation for stakeholder feedback sessions (for example Manco’s, Exco’s and Credit Risk Management Committee).
• Continuously reviews the Home Loans Credit origination strategies to respond to environmental and/or risk changes timeously.
• Reviews all the monthly reports and issues arising (such as operational issues, quality of decisions made in the credit evaluations team) and determines the most appropriate course of action.
• Influences and monitors progress of action plans arising from credit risk monitoring, product or sales initiatives and audits, in order to improve the credit risk environment.
• Uses external data to benchmark against trends observed in the portfolio, for example market share, Loan To Value distribution, loan term.
• Optimise the risk profile of Home Loans Originations
• Considers potential risk scenarios and performs stress testing to serve as input into risk appetite decisions of the Home Loan portfolio.
• Provides credit risk inputs into the development and monitoring of the Home Loans Returns on Equity model.
• Conducts in depth analysis of all aspects of the Home Loans origination strategy by taking risk and reward into account and, where required, formulate proposals to mitigate risk or improve on the profitability of the portfolio.
• Performs trend analysis on all the relevant sub populations, identifies emerging risks and formulates appropriate actions.
• Ensures that maximum value is extracted from existing decision systems/processes.
• Ensures that the Home Loans originations scorecard is performing in line with expectations.
• Considers affordability requirements and improvements in the Home Loans origination strategy and conducts performance reviews through economic cycles.
• Manages the Home Loans Credit Originations functional team
• Manages the relationships with various stakeholders and support areas, for example Home Loans Sales, Home Loans Product, Central Origination Analytics and Model Implementation Team by providing regular feedback on output of credit risk monitoring and results of analyses, as well as obtaining feedback on other initiatives, areas of concern etc.
• Ensures that manual processes are aligned to strategy and executed in a cost effective manner by liaising with the OSS and Credit Evaluations teams.
• Works with managers in the team to achieve desired business results through continuous improvement, technical development, coaching and mentoring activities.
• Encourages team members to express their views, resolves issues raised by the team, escalates issues if required, and provides feedback to teams on an ongoing basis.
• Monitors and manages the performance and development of staff within the area. This includes regular one-on-one feedback sessions, as well as conducting mid-year and final performance appraisals.
• Effectively delegates authority and responsibility, in line with business objectives, to ensure the empowerment, motivation and effectiveness of all direct and indirect reports.
• Ensures staff are appropriately and consistently rewarded and recognised for their achievements and outputs.
• Ensures the effective selection of staff by matching the skills and competencies to the requirements of the job.

Preferred Qualification and Experience

Qualifications

Minimum: B.Comm degree.

Preferred: Honours of Masters in Mathematics, Statistic, Economics, Actuarial Science

Experience

• 5-7 Years Leadership role within the Personal and Business banking environment
• 1-2 years Analytical work (ideally in Credit Risk)

Knowledge/Technical Skills/Expertise

As detailed above