Credit Executive: Special Portfolio at Nedbank

Job Purpose

• Lead a team of managers to proactively manage high risk clients across differing industries – understanding client’s businesses, maximizing customer retention and rehabilitation, without compromising the bank’s risk and minimising credit impairments.
• The purpose of this role is to effectively and efficiently manage a portfolio of high risk clients, both internally and externally, whilst mentoring and managing a team of managers.
• The role involves complex, high value transactions where, without intervention and management, could lead to significant financial losses to the bank.

Job Responsibilities

• Formulation and recommendation of fitting client strategies and decisions to a mandated credit committee.
• Overall responsibility for implementing credit decisions and monitoring the financial health post the implementation of credit decisions.
• Provide regular feedback to internal stakeholders as well as a member of the Watchlist Committee for high-risk clients, and the ongoing assessment of impairments on high risk clients.
• Decision maker in Special Portfolio Committee.
• Interacting with various stakeholders across the bank to ensure appropriate solutions are generated for each client.
• Lead interactions with clients, external auditors, lawyers and other banks.
• Meet own and stakeholder objectives by identifying; building and maintaining relationships with stakeholders impacted by credit risk. 
• Ensure client satisfaction and profitability by driving the development of solutions and implementing solutions.
• Ensure integrity of reporting of portfolio of clients, forecasting specific and portfolio impairments based on underlying strategy of each client and managing portfolio accordingly.
• Provide input and assistance to Head of unit with regards to credit policy, mandates, processes and systems within the Special Portfolio environment.
• Negotiate acceptable terms and conditions on behalf of Nedbank in various creditor forums and lead by example for more junior staff.
• Ensure adherence to compliance and other regulations governing the actions of any particular client.
• Ensure that any exceptions are escalated to the appropriate governing body within the bank.
• Provide technical input for the continuous refinement and implementation of rating models to ensure compliance with regulatory requirements. 
• Ensure transformational target are met through consideration of targets during the staff recruitment; retention and training process and utilising suppliers listed on the preferred supplier list for department. 
• Contribute to a culture conducive to the achievement of transformation goals and support business strategies that improve the corporate image by ensuring self; managers and team participation in Nedbank culture building initiatives. 
• Participate and ensure managers encourage staff to participate and support corporate social responsibility initiatives for the achievement of business strategy (e.g.: Green Strategy). 
• Ensure issues raised in culture survey are addressed and results are improved by ensuring action plans are created and executed. 
• Deliver a world class service through others by ensuring a client centric culture through required interventions. 
• Identify areas of resource inefficiencies and promote optimisation through promoting multi-skilling and addressing capacity gaps by reviewing and improving work processes. 
• Optimise efficiency and embed correct values by ensuring direct reports understand and support Nedbank's vision; values and strategy and are measured on delivery against these. 
• Manage performance of direct reports and hold them accountable for managing the performance of their direct reports by implementing performance agreements. 
• Identify relevant development needs by assessing own performance and behaviour through formal and informal feedback. 
• Maintain a high performing team by identifying a talent pool through conducting career conversations and utilising the talent grid principles and developing talent retention programmes (eg: job rotation). 
• Build depth of skills and knowledge in the team of managers by sharing knowledge and insight with team members; ensuring mentoring; coaching and day to day activities. 

Essential Qualifications - NQF Level

• Professional Qualifications/Honour’s Degree

Preferred Qualification

• B.Comm Honours / Master’s Degree / Chartered Accountant.

Minimum Experience Level

• 8 - 10 years credit exposure experience with decision making, 3 -5 years people management experience.
• Working experience of Chapter 6 of the Companies Act of 2008 as well as a good understanding of the Insolvency Act.
• A good working knowledge of financing and security structures.

Technical / Professional Knowledge

• Budget forecast assumptions
• Business administration and management
• Capacity planning
• Change management
• Financial Accounting Principles
• Governance, Risk and Controls
• Principles of project management
• Relevant regulatory knowledge
• Strategic planning
• Management information and reporting principles, tools and mechanisms

Behavioural Competencies

• Aligning Performance for Success
• Building Partnerships
• Decision Making
• Influencing
• Driving for Results
• Planning and Organizing

Travel requirements

• Local and international travel from time to time will be required.