HEAD - RISK MONITORING & MODEL VALIDATION - Gauteng, Centurion
HEAD: RISK MONITORING & MODEL VALIDATION
- R 1 695 621 CTC PER ANNUM
- 25 SEPTEMBER 2024
PURPOSE:
- Develops, monitors, and reports on the implementation of the Credit Risk Management Framework, including credit policies, credit committee governance charters, portfolio monitoring, and reporting within the organization, thereby assisting to maintain credit exposures within approved parameters by the Board.
- Supports CRO with governance in all credit committees and provides reports to Exco and Board.
- Develops, monitors, and reports on the implementation of the Model Validation and Governance Framework, including model validation policies, SOPs, and frameworks within the organization.
- Leads and manages the independent review and validation of all models that mitigate credit risk and liquidity risks, covering pricing, credit & IFRS models, and impairment models, to ensure financial sustainability of the organization.
- Provides oversight on credit assessments done by Credit (Hind-sighting) to align with credit policies and SOPs and best practices.
QUALIFICATIONS:
- Post Graduate qualification in accounting, mathematics, statistics, credit risk, or related field.
EXPERIENCE:
- 8-12 years of Credit Risk Management experience.
- 4-8 years of Managerial experience.
JOB DUTIES / RESPONSIBILITIES:
- Manages the development and refinement of the credit risk management framework, credit policies, procedure manuals, and governance charters.
- Defines the Credit Policy and Risk framework and manages implementation.
- Reviews and maintains the credit risk limit/prudential limits in line with the Policies to inform the Bank's risk appetite.
- Reviews and maintains the credit policies for alignment with Basel principles and IFRS 9 requirements for best practice risk management and governance.
- Reviews and maintains the procedure manuals for policy implementation.
- Portfolio monitoring and reporting to CROM on all segments to ensure quality credit exposure and provides remedial recommendations to address deficiencies in portfolio management.
Desired Skills:
- Manages the development and refinement of the credit risk management framework, credit policies, procedure manuals, and governance charters.
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