Head: Credit Risk – Banking at Old Mutual South Africa

Job Description

The purpose of the job is to manage and end-to end credit capability from design, through to implementation and operational management. In this process to communicate to senior stakeholder such as regulators to senior management to demonstrate compliance and adherence to policy.

KEY RESULT AREAS

• Set the credit strategy of Olympus and develop the credit risk appetite in support of the business and product strategy.
• Develop policies, standards and procedures to enable the business to control credit risk.
• Implement and design robust credit sanctioning and monitoring processes that is digital and requires the deployment of advanced credit modelling techniques and methodologies such as machine learning.
• Manage the day to day operations related to credit related processes in compliance with policies and regulations.
• Set up and implement a functional capability to perform day to day credit processes.
• Engage with regulators regarding the management of credit.
• Engage with the business on product design and credit.
• Implement analytical processes and procedures supporting the portfolio management of credit.
• Report on credit exposures to the various governance structures within the business such as the Risk and Capital Management Committee.
• Participate in the Risk Executive function in the business and contribute to the strategic direction of a digital first risk capability.
• Ensure the credit processes are implemented at appropriate control points within the business.
• Defines risk appetite and tolerances and aligns to finance for appropriate product pricing 
• Guides the development of credit risk scorecards and the monitoring thereof to ensure viability and use of scorecards in the credit environment 

ROLE REQUIREMENTS

• Relevant Commerce, Finance or Quantitative risk qualification
• MBA or equivalent management certifications.
• At least 5-10 years senior management experience in credit risk management including banking experience
• Digital and analytical capabilities to lead a digital first credit team
• Proven communication ability to stakeholders such as the Board and Regulators
• Engagement with Front-line staff.

COMPETENCIES

Strategic

• Identifies, understands and acts on broader opportunities in order to drive longer-term value-adding change.
• Identifies and acts on market and/or competitor trends/opportunities to set, develop and drive out value adding change.
• Is able to understand, identify and act on broader opportunities in order to drive longer-term, value-adding change.
• Applies judgement effectively. Identifies and acts on market and/or competitor trends/opportunities to set, develop and drive out strategic value adding change.

Leading with Influence

• Influences and rallies people behind common goals and inspires others to exceed expectations. Actively supports the growth and performance of people around them. Communicates clear strategies and objectives for own function.

Collaboration (Relating)

• Proactively establishes and maintains relationships. Values driven in relating to others. Engenders trust, respect and the building of meaningful relationships across a variety of contexts. Able to handle a wide range of relational challenges including conflict and confrontation to collaborate across boundaries.

Customer First

• Puts the customer at the heart of business decisions and drives to improve value for customers. Builds inspiring customer relationships.
• Being a customer champion and being responsive to customer needs so as to improve our speed to market.

Execution

• Displays consistent energy, drive and perseverance in order to deliver results. Demonstrates a willingness to take calculated risks to achieve stretch performance goals.

Innovation (Perspective)

• Demonstrates ability to relate to challenges from a range of diverse but relevant perspectives. Generates creative/out-of-the-box solutions.
• Challenges the status quo and/or demonstrates ability to relate to challenges from a range of diverse but relevant perspectives.
• Generates new perspectives that allow a more creative approach to be followed.
• Willing to take calculated risks when introducing novel ideas.

Personal Mastery (Learning)

• Learns and actively works to build self-awareness; develop through experience and feedback from others.
• Copes effectively with stress and has the resilience to take on stretching and challenging assignments which carry a risk of failure.
• Adjusts effectively to work within new work structures; processes; requirements, or cultures.