Closing Date 2024/07/01
Reference Number DBS240610-1
Job Grade 16
Job Type Classification Permanent
Location - Town / City Midrand
Location - Province Gauteng
Location - Country South Africa
JOB DESCRIPTION
The purpose of this position is to identify, measure, mitigate and monitor credit risk and by taking appropriate actions to ensure that the credit quality remains within the Bank’s acceptable risk appetite. This will be achieved by conducting detailed credit risk analysis by evaluating potential and existing clients’ capacity to borrow, by assessing, amongst others, their financial background, their ongoing ability to repay the borrowed credit and adherence to lending conditions throughout the term of the lending relationship.
KEY RESPONSIBILITIES
Credit Risk Management and Monitoring
1. Perform credit and financial analysis on new business deals and review of existing clients through analysis and interpretation of financial and economic metrics to ensure acceptable credit risk resulting in minimizing non-performing loans (NPLs) and/or write-offs.
2. Provide detailed report/s on analysis, findings and recommendations tied to the assessment of credit risk.
3. Present analysis, findings and recommendations that involves the borrower’s ability to repay.
4. Develop and prepare spreadsheets and models to support analysis of new and exist credit/loan applications.
5. Determine internal DBSA credit ratings and loss given default (LGDs) together with return on investments proposals that are acceptable to the Bank, on a risk vs return basis.
6. Form part of the deal closing team to:
1) negotiate covenants, collateral and legal conditions with clients and co-lenders, in accordance with the Bank’s approved key terms; and
2) disburse approvals in accordance with the Bank’s internal procedures and legal agreement conditions
7. Manage the ongoing credit risk on a portfolio of clients by pro-actively identifying problematic/high risk clients through regular reviews and industry updates, staying up to date with the latest market developments and conducting industry research when required.
8. Monitor adherence to covenants and other legal agreements conditions on a continuous basis and discuss any deviations and possible concerns with Investment teams to remedy non-adherence. Escalate issues through internal procedures (e.g., rapid risk reviews) and/or to management where necessary.
9. Manage, monitor, and communicate other credit risks associated with outstanding collateral, covenants and undertakings; and credit migration of clients on/off the Watchlist and NPLs book.
10. Adhere to Bank’s lending protocols, risk management policies and procedures and ensure that they are fully complied with and that any policy breaches have been suitably addressed and mitigated.
Financial Risk Management and Monitoring
1. Analyze and interpret the financial results and financial models for deals in Project Finance, Public Sector Entities- Local / Regional Government Entities, Higher Education Institutions and other Public Sector Entities e.g., Water Boards, Development Corporations and Utilities; as well as the integration of the outcome of the financial assessments with other specialist areas (e.g., Environmental, Social, Governance, Technical, Country) to identify and mitigate risk on investment proposals.
2. Analyze and evaluate financial structures for appraisals and decision-making, including but not limited to:
1) risk management/hedging, investment funding and project finance structures/strategies
2) perform specialized financial and / or cost analysis e.g., cash-flow analysis, “what-if” analysis and prepare related reports in the form of pro-forma financial statements
3) compare and analyses forecasts with actual results and in doing so identify variances and trends
4) identify the underlying principles, reasons or facts of information by breaking down information or data into separate drivers of credit and financial risk
5) conduct the spreading of all financials (new deals and annual reviews), building of financial models/assessments of financial models, including revenue and expense forecasts.
3. Stay abreast of changes in private and public sector financial reporting/accounting standards and principles in order to determine the impact thereof on the interpretation of the financial results for the purposes of credit analysis and financial risk determination.
Key Measures
1. High quality of credit evaluation and financial risk assessment and reporting, not compromising on accuracy and speed to meet deadlines.
2. Annual reviews completed (% complete by Value and by Number) for all clients in the portfolio, within the agreed timeframes.
3. Effective collateral, covenant and undertakings monitoring, and reporting completed within agreed timeframes.
4. Disbursements and NPLs achieved within agreed targets.
5. Fully comply with the Bank’s key Governance & Compliance measurement requirements.
6. Ongoing monitoring of high-risk clients and 100% of Watchlisted clients monitored and reported to and as required by the Portfolio Committee; and any other Committee so directed.
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EXPERTISE & TECHNICAL COMPETENCIES
Minimum Requirements
1. A minimum Bachelor’s Degree in Financing, Accounting, Economics or Engineering.
2. At least 3 years working experience (post Articles) in wholesale credit risk management, corporate or investment banking or similar, with strong analytical experience.
3. Knowledge of Private sector (e.g., GAAP, IFRS) and Public Sector Financial Reporting (e.g., GRAP, IAS, IFRS, King IV, MFMA, PFMA), cost accounting and/or financial analysis and/or auditing and the Companies Act.
4. Solid knowledge of the financial markets, banking, and municipal operating environment.
5. Experience in analyzing, interpreting, and capturing of financial information in financial and credit rating models.
6. Practical knowledge of Credit Risk Management and a broad appreciation of the range of Compliance and Enterprise Risk Management and Reporting practices.
7. Proficient with Microsoft Office (MS- Word, MS Excel (at an advanced level of proficiency), MS PowerPoint, MS Outlook), Quantitative and Qualitative Credit Rating Models.
8. Demonstrated ability to:
1) obtain data, perform in–depth credit evaluation of both quantitative and qualitative credit risks, and provide expert analysis.
2) conduct debt sustainability analysis.
3) deliver high quality reports for decision-making.
9. Proven ability to effectively manage competing deadlines for projects in a high-pressure work environment.
Desirable Requirements
1. Knowledge of financial structuring and doing business in Africa will be a distinct advantage.
2. Honours degree in Finance or Accounting, CA(SA), Professional Body Certifications Qualifications (e.g., GARP CFA or FRM, CFI FMVA or CBSA) is an advantage.
Technical Competencies
Written & Verbal Communication
1. Understands that different writing styles are required for different documents or audiences.
2. Write effective correspondence, prepares questions and reports, statements of circumstance and briefing notes.
3. Has a solid mastery of writing principles such as grammar, sentence construction etc.
4. Able to present a theme in writing in an ordered, intelligible manner with well-structured and relevant supporting detail.
5. Able to understand topic switches and use vocabulary of attitude.
6. Reasonably fluent in speaking.
Presentation Skills
1. Can reinforce key presentation points with examples.
2. Is able to translate technical terminology into language understandable to the audience.
3. Has insight into the audience’s behavior and motivation and responds appropriately and professionally, adapting communication style as appropriate.
Reporting
1. Prepares both standard and non-standard reports to time and quality standards.
2. Collate and analyses readily available and relevant data for inclusion in a report.
Planning and Organizing
1. Plans and manages multiple priorities and deadlines.
2. Uses effectively advance time management processes to deal with high workload and tight deadlines.
3. Organizes, prioritizes, and schedules tasks so they can be performed within budget and with the efficient use of time and resources.
4. Achieves goals in a timely manner, despite obstacles encountered, by organizing, reprioritizing and replanning.
Data Collection and Analysis
1. Skilled in the use of advanced/complex analytical techniques.
2. Is able to use judgement to decide upon the most appropriate analytical techniques according to the situation.
3. Recognizes underlying principles, patterns, or themes in an array of related information, and determine whether additional information would be useful or necessary.
4. Through an in-depth understanding of the business environment, reviews outputs of analysis to identify anomalies and draws conclusions, relating these to operational circumstances.
5. Can model a range of scenarios covering all potential business circumstances and highlight potential risks/opportunities.
Negotiation
1. Understands and can apply basic negotiating skills and techniques, e.g., obtaining a full understanding of the other party's agenda and needs before disclosing own perspectives.
2. Possesses an understanding of various unspoken communications from other parties and can decipher hidden agendas.
3. Is able to successfully conclude negotiations which require the development of an emotional as well as factual argument.
4. Is able to develop mutually beneficial potential solutions.
Financial Analysis
1. Interprets, analyzes and/or evaluates compliance with applicable legislation, sound regulatory practices and procedures, generally accepted accounting principles, and other such rules and regulations.
2. Analyzes or interprets financial records and develops program procedures, financial models and databases.
3. Demonstrates a thorough knowledge and understanding of applicable regulations, rules, entity/company practices, concepts, and industry issues.
4. Demonstrates a thorough knowledge or experience working with various legal and regulatory issues in deal structuring in their subject area.
5. Develops and maintains effective working relationships with regulated industries, government officials, administrators, and civic leaders.
REQUIRED PERSONAL ATTRIBUTES
Behavioural Competencies
Achievement Orientation
1. Delivers work on time and quality and follows through on agreed commitments.
2. Views new work experiences as an opportunity for growth.
3. Reacts immediately to overcome setbacks and/or obstacles in order to meet goals.
4. Recognizes and acts upon current opportunities.
Customer Service Orientation
1. Makes self fully available, especially when the customer is going through a critical period.
2. Requests on-going feedback from customers and takes action in response to it; manages to retain and capitalize on existing customers.
3. Takes the “extra step” to resolve customer issues appropriately, even in the case where they do not fall under own area of responsibility.
4. Is aware of the level of service offered by the competition and provides more for customers than they expect.
Attention to Detail
1. Double-checks the accuracy of information or work.
2. Ensures that the work produced doesn’t contain any errors.
Self-awareness and Self Control
1. Feels strong emotions in the course of a conversation or other task, such as anger, extreme frustration, or high stress.
2. Holds the emotions back and continues to act calmly.
3. Ignores angering actions and continues a conversation or task.
4. May leave temporarily to withhold emotions, then return immediately to continue.
Strategic and Innovative Thinking
1. Recognizes opportunities or potential problems, before they become obvious, by seeing the connections in a range of sources of information, including insights from outside DBSA.
2. Restates complex knowledge in a way that makes it easier for others to understand.
3. Experiments with new approaches, tests scenarios, questions assumptions and challenges conventional thinking.
4. Creates new concepts that are not obvious to others, leveraging internal and external sources of information, to build incremental revenue and growth opportunities.
Teamwork & Cooperation
1. Values and utilizes the expertise of colleagues, asking for ideas and input and collaborates to form decisions and plans.
2. Willingly learns from others.
3. Creates opportunities for knowledge and expertise sharing between all members of the team.
4. Creates conditions that enables the team to perform at its best.
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