(Land Bank) is South Africa’s only specialist agricultural bank established in 1912. The bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets, and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business, constantly reviewing its offerings to ensure that they match the needs of the industry.
As change has swept across the sector in South Africa, the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds onto the land. These new farmers face challenges in establishing sustainable agri-businesses across the agricultural value chain. Land Bank has been a commercial lifeline, offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
MAIN PURPOSE OF THE JOB
The position reports directly into the Workout & Restructuring Business Area and is responsible for all credit risk matters related to workout & restructuring. Manage all credit assessment functions related to the Workout & Restructuring of defaulted loan facilities. Review and recommend improvements to all lending activities and risks associated with credit granting and underlying clients within the approved Land Bank mandate and risk appetite as determined by the Bank from time to time in accordance with approved Credit Policies, norms, and mandates, based on post-mortem findings and reviews conducted on the defaulted W&R portfolio. Provide leadership to ensure that the key strategic objectives are met. Responsible for managing and mitigating credit risk resident across W&R portfolios segmented across the Bank's Regional Business units. Be responsible for adopting and optimizing a best-fit operational model with the appropriate finance, governance, and risk framework and controls, ensuring alignment with the Bank's guidelines, policies, and legislation.
KEY RESPONSIBILITIES
- Establish, input, implement, and lead the review of credit policies, procedures, and credit risk frameworks in collaboration with internal and external stakeholders.
- Introduce and embed operational efficiencies by implementing a customer-centric credit strategy function inclusive of related policies, norms, and SOP, making informed credit recommendations.
- Identify improvement opportunities to credit processes that will reduce risk by conducting gap analysis for emerging commercial farmers, medium, and large commercial farmer segments at a regional level to support Land Bank’s prudent lending approach.
- Manage credit risk by keeping abreast of appropriate legislation through relevant research and benchmarking to align with industry best practices.
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