Manager: Credit Risk - Origination

SUMMARY:

Leadership and management of the team to deliver on the requirements of credit risk Origination, ensuring efficiencies in originating new transactions and additional funding to existing clients.
Oversee the credit origination process, ensuring that credit risk is properly assessed, packaged and mitigated at the point it is proposed.
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POSITION INFO:

Leadership and management of the team to deliver on the requirements of credit risk Origination, ensuring efficiencies in originating new transactions and additional funding to existing clients.
Oversee the credit origination process, ensuring that credit risk is properly assessed, packaged and mitigated at the point it is proposed.
To partner with Operations Divisions and the Strategic Business Units in the allocation of credit origination resources and/or become part of the complex client assessment team with an aim to bring credit experience, diversity of skills, lessons learned and discipline in the credit investment risk deal structuring and assessment of transactions.
To deliver value-added skills and advisory services to the Operations Divisions and Strategic Business Units (SBUs) directly or through early-stage due-diligence process by appropriately co-identifying and mitigating risks being taken.
Packaging and offering suitable solutions and mitigations that are aligned to the risk appetite framework and credit policy of the Corporation thereby improving the quality of credit submissions and enhancing quicker turnaround, while maintaining an independent credit risk view.

Qualifications

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

Knowledge and Experience

• 10 to12 years’ experience in credit risk or senior deal structuring in a financial institution, with at least 3-5 years managing teams directly and/or indirectly.
• Proven track record in the structuring of complex transactions/projects.
• Strong and formally proven analytical and assessment skills, with ability to present technical information in a clear, concise and simple manner.
• Strong attention to detail and application of risk mitigation standards and processes
• Excellent written and verbal communication skills with strong negotiation abilities
• Must have drive and determination to achieve set goals including working under pressured and deadline-filled environments.
• Experience in liaising with senior internal and external stakeholders.
• Due Diligence experience would be an advantage.
• Strong leadership skills and ability to influence stakeholders and team members.
• Experience in working collaboratively in a high-pressured, environment.
• Ability to handle several complex tasks simultaneously and also coordinate key projects with a variety of stakeholders while building effective relationships is essential.
• Must possess the ability to make deductions and meaning from complex and abstract information and situations and make sound decisions from these factors and provide direction to the team in these instances.
• Ability to arrive at rational decisions even under stressful/ high pressure situations.
• Negotiation and interpersonal skills are essential and ability to influence people towards achieving a predetermined goal.

• Lead a team of credit risk origination managers, providing guidance and oversight to deliver on their roles and responsibilities.
• While addressing and delivering the same roles and responsibilities at a very senior level, ensure the following tasks are delivered upon at an appropriate depth and levels of skill and experience:
• Providing advisory services to SBUs and Credit Origination teams on credit risk matters and assist in the structuring of deals.
• Participate in Due Diligence investigations with the SBUs Regional Offices and provide advice on risks to be assumed, mitigating factors and viability of projects.
• Implementation of credit risk management strategies to minimize potential losses.
• Assess problematic areas and find resolutions to assist the team in providing the best practice solutions for the client and internal stakeholders.
• Preparing preliminary SWOT analysis and ensuring application of Credit policies and credit appetite framework utilizing approved standard templates.
• Participation in Basic Assessment processes and presenting the Credit Risk Opinion at Deal Development Forum chaired by the Operations Executives of the organisation.
• Assist in the provision of “indicative risk grade and pricing” and running different pricing scenarios.
• Ensure submission of final reports pack to CEMs is undertaken timeously ahead of submission into formal credit sanctioning bodies.
• Work with the deal team (including the Legal Department) to ensure efficient deal closure, including supporting condition precedent (CP) waivers and/or changes of approved credit terms, as and when necessary.
• Ensure adherence to the principle of “need to know” by treating all information received with care and confidentiality, ensuring it is limited for use to the credit evaluation process.
• Perform credit checks and deed searches on prospective and existing clients.
• Ensure the Credit Origination function adopts best governance standards related to avoidance of any transactional conflicts.
• Ensure full compliance with regulatory requirements.
• Forster and promote constructive collaboration between credit risk origination and evaluation teams, ensuring the sharing of client/project visit insights leads to accurate and efficient completion of risk assessments.
• Maintain a close working relationship with Credit Evaluation Managers (“CEM”), including co-ordination and sharing of information in the processing of new transactions and provide an option for CEMs to attend client meetings if and when required.
• As part of the team, ensure completed SBUs applications meet high submission quality standards, are in strict alignment with the applicable templates of the corporation, are fit-for purpose and have been subjected to the appropriate risk lens on structure /tenor/products and shareholder contribution and appropriate risk mitigations for identified risks.
• Custodianship of the organization’s approved Risk Appetite to front line and encourage adherence, and ensure each application is conducted in adherence of the stipulated appetite levels and internal credit policies.
• In collaboration with the legal department, seek for the adoption of a consistent approach in the drafting of standardized finance documentation as appropriate to ensure consistency of credit terms.
• Continuously assess relevance and propose enhancements to the credit risk methodologies, process and systems for assessing and managing credit risk and capital allocation.
• Working with Head CRMD, facilitate constructive and healthy working relations between Credit Risk Department and SBUs/Operations Divisions plus other internal stakeholders.

• Provide appropriate support to the Head CRMD during Deal Development Forums (DDF) and Priority Pipeline Forum as required, and act as a sounding board to Credit Origination team throughout the credit process.
• Attending and presenting at Investment Committees and EXCO meetings as and when required.
• Overall accountability and sign-off over the draw-down process, ensuring that the terms of credit committees are well documented and executed in the legal agreements and draw documents.
• Assist in clearing Conditions Precedent for first draws and sign off/approve first disbursements.
• Ensure formalised signed “handover documentation” when the origination process has been completed, and the report pack is ready for credit risk evaluation.
• Continuously engage and consult with Credit Risk Evaluation until deal closure, including ensuring that legal documentation includes Credit Risk recommendations as approved by the Investment Committee.
• Network and research to ensure that team is operating optimally and meeting the
  best practice solutions available within the market and relevant for a DFI.

LEADERSHIP COMPETENCIES
Resilience
Decisiveness in execution
Diverse stakeholder management
Change leadership
Strategic thinking
Business acumen
People engagement
Communication
Teamwork
Innovation

TECHNICAL/FUNCTIONAL COMPETENCIES
Problem Solving
Report writing Skills
Strong attention to detail and data validity
Project Management Skills
Strong Analytical Skills
Planning and organizing
Client Insights Focus

BEHAVIOURAL COMPETENCIES
Good Communication Skills
Self-motivated and self-driven skills
Coping with Pressures and Setbacks
Negotiating and influencing
Interpersonal Skills

 

IDC is committed to equality, employment equity and diversity. In accordance with the employment equity plan of the IDC and its employment equity goals and targets, preference may be given, but not limited to candidates from underrepresented designated groups.