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
Operational Leadership
Through managing and leading existing regional teams, to formulate a risk appetite strategy for the Consumer and Agriculture sector and develop and implement a credit risk management execution framework for the East and Central Africa portfolio.
Build an effective end to end credit risk management framework for the Kenya Corporate and Investment banking portfolio with the primary objective to enable the Business team deliver their revenue objectives but at the same time, contain risk within acceptable parameters and ensure alignment to group strategy.
Key Responsibilities/Accountabilities
Develop and embed a knowledge centre of excellence for a Bank’s chosen core franchise
Develop a risk appetite framework and credit platform to support the business strategy for the East Africa Agriculture Core sector Organise, manage and develop a team in order to effectively execute a country business objectives within the agreed risk parameters and sector mandate; Monitor performance and execution of the strategy and create risk metrics to provide an effective feedback loop to the group credit manco. Establish learning outcomes from the pilot roll out of the Agriculture strategy to enable the successful roll out the strategy on an Africa wide basis Effectively manage the pipeline of new transactions and co-ordinate resources regionally and locally and fulfil the Group Credit Manager role for approximately 20 Trans National clients in East and Central Africa.
Input into country strategy formulation through key management forums/committees and collaboration with senior business stakeholders.
Mandated to represent the group credit risk in the Kenya executive management forums and committees, Africa credit manco as well as global business executive for the East Africa Consumer sector ; Build together with business executive stakeholders an optimal credit risk strategy for the Kenya Corporate and Investment Banking functional area as well as each of the sub-teams within the structure i.e Global Markets, Transaction Product &Services and Investment Banking to deliver business budgets over the short to three year horizon. Ensuring adequate systems, policies, processes and procedures are in place to monitor; and manage credit risk arising from across country and geography consumer sector focus; Develop and remain accountable for approved budget for Credit Risk impairment and operational expenses for the Kenya Franchise including inputs into the asset growth budgets to ensure an appropriate balance between risk and reward on the country capital consumption aligned to group strategic objectives and risk parameters
Team Leadership Championing the group risk management strategic initiatives in the East Africa region and taking ownership of facilitating a conducive change management environment and promoting a culture where the values of the Bank are seen to be ‘alive’; Lead and guide the team towards delivering effective client partnerships and client focus through the Client Service teams for the East Africa consumer sector; Build the team’s competencies, team coherency and productivity and creating a stable core team of risk professionals in the East Africa region; Structure the organisational capabilities for the Kenya Franchise through evaluating likely future requirements and ensuring that individuals are provided with the best possible development opportunities in line with these Responsible for the recruitment development, motivation and retention of management staff within the Kenya Credit team and provide input into the resourcing of key personnel in the Kenya business team. Effectively delegate authority and responsibility in line with the country business objectives, to ensure the empowerment, motivation and effectiveness of all direct and indirect reports Displaying appropriate people management skills designed to build the Kenya credit team, with a specific focus on the development of individual competencies, coaching and mentorship; Regularly reviewing team member’s performance, career plans and their own succession plans. Ensures the implementation and alignment of the group leadership promise and employee engagement programme in the Kenya Franchise
Portfolio management Making recommendations to key business stakeholders line and group committees/forums regarding industry trends and the implications for managing the credit risks of clients in those industries; and ensuring active and maintained co-ordination of stakeholders in the process to ensure all expectations are met Partnering with business in deal pipeline formulation to shape the country and sector portfolio within the required risk appetite established by group Developing and implementing a robust framework for identifying and managing high risk accounts and undertaking the necessary corrective action when the risk profile threatens to become unacceptable; Ongoing monitoring of risk grade (Probability of Default), recovery rate shifts and general industry trends. Providing continued alignment between credit and business strategy using management information obtained from portfolio credit risk migration trends and ensuring an appropriate balance between risk and return. Ensuring preparation of sector papers relevant to the country franchise as and when required to the requisite quality and within required timelines. Maximising the productivity of the team whilst minimising portfolio risk through active portfolio credit management and support/coaching on complex transactions;
Evaluation of credit applications
Analysis of sector applications for facilities to assess the appropriateness of the credit risk relative to the sector strategy and profitability of the deal; Effective provision of high-quality analyses, approvals and where necessary recommendations to higher authority; Effective sponsorship and presentation of applications to CIB Credit Committee, where required; Ensure legal execution is in line with the credit sanction and that ongoing credit management is in place.
Ongoing Credit Management
Oversight and leadership of Credit Oversight Portfolio Monitoring forums, Watchlist and NPLs meetings relating to deals and names managed by the Kenya sector team; Cascade and embed effective compliance management (monitoring of ongoing credit and legal compliance requirements) within group targets while monitoring, questioning and understanding changes in the credit quality in any counterparty / industry falling within the country and consumer portfolio; Setting in conjunction with business country and counterparty concentration limits identification and mitigation of concentrations. Identifying when deep drills are required ensuring that deep drills are done to the required standard as and within required timelines
Management reporting Keeping Business unit leadership informed on material developments. Develop and provide appropriate input into country portfolio reports; and streamline processes to deliver timely general credit reports to the business stakeholders
Preferred Qualification And Experience
Minimum qualification
Business, Commerce, Financial Risk , Advanced credit courses or equivalent professional credit risk qualification
Risk Management / Advanced Risk Management programmes
Experience Risk Management Credit Risk Management More than 10 years Deep knowledge of the Africa corporate and investment banking markets and best practice credit risk management practices.Click here to enter text. Formulation and implementation of effective credit risk management strategies for country and regional credit portfolios with the objective of attaining growth targets while maintaining acceptable risk parameters and impairment targets. Managing and enhancing productivity in franchise credit teams Ability to create collaborative relationships with external stakeholders including country banking regulators, banking associations and knowledge providers and remain abreast of market changes Evidence of ability to exercise a ‘personal to holder’ delegated lending authority in excess of USD 10m to Corporate and Investment Banking counterparties.
Knowledge/Technical Skills/Expertise
The ability to translate the organisation’s vision and long term goals into medium and short term deliverables (18-24 months). Mastered the concept, able to act independently, provides guidance and training to others
Performance Management The ability to apply processes and principles related to performance contracting, rating, rewarding and improving employee performance Mastered the concept, able to act independently, provides guidance and training to others
Good understanding of accounting (both management and financial accounting) to analyse financial strengths and weaknesses of clients and identify potential risks to credit proposals The ability to review balance sheets, income statements, cash flow statements and tax returns to determine the credit risk of the client. Proficiency Level: ADVANCED – Mastered the concept, able to act independently, provides guidance and training to others
Thorough working knowledge of the Risk management systems monitoring, and its related procedures, for analysing the account behaviour of clients and identifying trends and shifts in credit risk profiles The ability to facilitate a formal acceptance process of reviewing and accepting residual risk, depending on the outcomes of risk identification and measurement. Proficiency Level: ADVANCED – Mastered the concept, able to act independently, provides guidance and training to others
Thorough understanding of Standard Bank’s products and facilities that give rise to counterparty credit risk The ability to conduct sound analysis of individual transactions, through a thorough due diligence process (e.g., industry structure, company evaluation, cash-flow analysis, growth prospects, credit ratings, etc.). Understanding of Basel III and broader regulatory and Compliance requirements Demonstrates knowledge and understanding of risk management methodologies, tools, governance structures and regulatory requirements for good management of risk. Thorough conceptual and practical knowledge of credit procedures, policies and standards Finding alternatives in order to make deals work (if possible) and in so doing, add value to the deal making process Provides leadership in this field both within the organisation and in the larger industry
Risk Reporting The ability to prepare quantifive and qualitative analysis on the risk landscape in the business including interpretation and analysis for use by business users. Proficiency Level: EXPERT – Provides leadership in this field both within the organisation and in the larger industry
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