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Job Description
Job Scope:
- Risk managers advise organisations on any potential risks to the profitability or existence of the company. They identify and assess threats, put plans in place for if things go wrong and decide how to avoid, reduce or transfer risks.
- Risk managers are responsible for managing the risk to the organisation, its employees, customers, reputation, assets and interests of stakeholders.
- To establish and monitor policies and procedures that will help the company meet its risk management goals.
- Monitoring and evaluating active accounts to reduce or prevent bad debt losses.
- Keep policies and procedures current, and communicate them to your subordinates and to other affected parties.
- Control the costs to operate the credit and collection functions
- Convincing senior management when opportunities present themselves to invest in technology that can help the credit department cut costs, accelerate the decision making process, and/or improve the quality and consistency of credit decisions being made
- Review if there are any pending credits to be cleared by the chief credit officer or board
- Review if there are any credit limit excesses
- Review Credit Limits
- Review strategic credit positions
- Assess Changes in Largest Exposures
- Review if there are any pending credits to be cleared by the chief credit officer or board
- Assess if provisions are up to date
- Review if concentrations are within stipulated limits
- Assess if all credit exposures are covered and mapped
- Check for wrong way positions
- Report all significant risks
- Ensure credit risk reports reach all relevant parties
- Discuss significant credit risks if any with top management
- Conduct stress and scenario testing and analysis of portfolio at global levels
- Ensure no relevant scenarios are missed in testing
- Review past or anticipated changes in provisions
- Review if any changes need to be made in specific provisions
- Ensure all transactions have full and proper documentation
- Ensure credit protection is fully understood and utilized
- Explore if there are any further possibilities of exploiting credit protection
Job Requirements
- Bachelor Degree in Accounting, Finance
- Minimum of (3) years of experience in analytics, commercial loan administration approvals, and structuring.
- An inability to access the right data when it’s needed causes problematic delays.
- Problem-solving and decision-making abilities
- Analytical skills and a good eye for detail
- Ability to cope under pressure
- Planning and organisation skills
- Negotiation skills
- Good communication and presentation skills
- Numerical skills and the ability to evaluate costs
- Ability to understand broad business issues
