Senior Credit Risk Manager - Evaluation

at  IDC

Job Description

Responsible for Credit and investment risk assessments within the organisation through:

• Processing of credit proposals, compilation of autonomous Credit Submission Reports that form part of the funding applications disseminated to Credit Committees.
• Conduct evaluation of assessments that include thorough and rigorous testing of the base case assumptions provided by the client or client facing teams and provide the necessary independent attestation on the merits of the business case.
• Where necessitated, requesting amendments to proposed terms such as gearing/leverage requirements, default covenants, cash sweep mechanisms, as well as tenor increase/decreases.
• Being able to address issues within the disciplines of the credit management cycle, including ensuring that annual reviews are undertaken at least annually by CSG, and risk grades updated and pro-actively assisting clients ahead of distress, improving the portfolio credit quality and avoiding concentrations, thereby improving earnings and growth to ensure the integrity of the IDC portfolio and instill an effective and appropriate risk management culture

Qualification and Experience

QUALIFICATIONS

• CA / B Com post graduate qualification (or equivalent).
• MBA would be an added advantage

KNOWLEDGE AND SKILLS:

• 8 to 10 year’s relevant experience in a financial institution
• Knowledge and understanding of credit and investment risk and any associated risks prevalent in the financing of transactions/projects
• Portfolio management experience will be an advantage
• Experience working in a high-level collaborative environment
• Ability to manage multiple competing priorities while building effective relationships
• Extremely good writing and presentation skills, particularly to committees
• Extremely organized and persistent, with drive and determination to achieve

ROLES AND RESPONSIBILITIES

• Provision of independent credit & investment assessments and evaluation on credit submissions to approval committees; exercise credit judgment; and make sound credit recommendations within stipulated Service Level Agreement;
• Performing risk grading of Business Partners through application of in-house credit risk tools and models and give constructive view on the output;
• Ensure adherence to credit policies and procedures as well as team alignment to the Credit Risk Appetite Strategy, taking into account group counterparty concentration guidelines;
• Responsible for the final sign-off of all risk ratings within the IDC, including accountability for a consistent rating approach for all entities and application of overrides;
• Seek to obtain/enhance collateral to reduce the impact of loss given specific default (“LGD”);
• Provide appropriate guidance and support during Deal Development Forums (DDF) and act as a sounding board throughout the credit process;
• Provide an approach that is reasoned, impartial and encourages participation and challenge to analysis and credit risk mitigation proposals accountability for the pricing of all deals and investments;
• Prepare and position submissions at the relevant sanctioning committee and respond to questions;
• Provide support, guidance and a consistent approach and interpretation of credit and investment principles across the full credit cycle (cradle to grave);
• Provide an approach that is reasoned, impartial and encourages participation and challenge to their analysis and credit risk mitigation proposals accountability for the pricing of all deals and investments;
• Responsible for independent evaluation of annual credit reviews and provide oversight to ensure these are n aligned with requirements (at least annually);
• Provide guidance to teams on matters to be followed up and incorporated in the further designed/renewed and origination of credit and/or investment proposals/templates;
• Ensure breaches/ potential breaches and/ or exceptions, are timeously addressed and propose, with the Legal, such relevant powers of enforcement as appropriate to fully protect the interests of the IDC;
• Partner CSG in the monitoring and restructuring efforts for distressed and work-out clients and in determining and agreeing appropriate credit strategies for clients prior submission to the relevant credit approval authority;
• In collaboration with Legal department seek for the adoption of a consistent approach in the drafting of standardized finance documentation across Group Counterparties as appropriate to ensure consistency of credit terms;
• Assist origination in ensuring, prior facility draw-down, that all key and specific credit conditions, such as default ratios, re-pricing terms, information provision conditions, etc, are correctly and clearly documented and properly defined in the relevant facility agreements;
• Standing Invitee and participant at Investment Monitoring Committee and Portfolio Monitoring Technical Committee and any other portfolio monitoring forums as established by the Corporation from time to time, which would include the management of early distress, watchlist and non-performing clients;
• Oversight on the Collateral Management process, ensure that collateral is maintained and managed in accordance with the IDC Credit Policy and Collateral Valuation Guidelines and ensure that the support of Credit Department is obtained prior to any release or amendment of collateral terms;

ROLES AND RESPONSIBILITIES (CONT.)

• Partner with Risk Governance and Portfolio Management to provide insights on client conduct and lessons learnt when required;
• Formulate tools, systems and to better service the portfolio;
• Facilitate constructive working relations and healthy working morale with internal stakeholders;
• Providing constructive input to the development and enhancing of credit policies and procedures;
• Ensure on-going compliance with Credit Policy and other relevant regulatory requirements;
• Project risks identification and mitigation – including the development of a Project risk matrix in conjunction with the relevant SBUs.
  Job Requirements

Responsible for Credit and investment risk assessments within the organisation through:

• Processing of credit proposals, compilation of autonomous Credit Submission Reports that form part of the funding applications disseminated to Credit Committees.
• Conduct evaluation of assessments that include thorough and rigorous testing of the base case assumptions provided by the client or client facing teams and provide the necessary independent attestation on the merits of the business case.
• Where necessitated, requesting amendments to proposed terms such as gearing/leverage requirements, default covenants, cash sweep mechanisms, as well as tenor increase/decreases.
• Being able to address issues within the disciplines of the credit management cycle, including ensuring that annual reviews are undertaken at least annually by CSG, and risk grades updated and pro-actively assisting clients ahead of distress, improving the portfolio credit quality and avoiding concentrations, thereby improving earnings and growth to ensure the integrity of the IDC portfolio and instill an effective and appropriate risk management cultur