Head of Group Credit

Lets Write Africas Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The Group Credit Management Head (Group Head Credit Management) is responsible for setting the group credit risk strategy and adhering to overall group credit appetite limits as approved by the Board. This includes the strategic optimisation and management of the groups credit portfolio. This
position will ensure alignment with the groups credit risk appetite while adhering to funding and liquidity constraints.

Responsibilities

• Lead the development and management of specific credit portfolios ensuring alignment with the groups overall credit strategy.
• Oversee the construction of credit portfolios ensuring they meet regulatory requirements and internal standards.
• Monitor and manage all group credit portfolios (including investment credit and retail credit portfolios) to optimize performance while adhering to risk appetite and funding constraints with exclusion of OM Bank.
• Monitor in conjunction with group risk the credit risk appetite for OM Bank and ensure adequate oversight provided and reporting received via the OM bank Board to meet Financial Conglomerate requirements
• Directly responsible for the allocation of group credit capital ensuring efficient deployment in line with strategic objectives.
• Collaborate with crossfunctional teams to facilitate effective mandate management across various credit portfolios.
• Facilitate quarterly reporting in collaboration with the second line of defence to meet reporting obligations to the Management Group Credit Risk Committee (MGCRC).
• Prepare comprehensive reports detailing portfolio performance risk exposures and capital utilization for review by senior management.
• Provide insightful input into large credit decisions requiring approval from the MGCRC ensuring all recommendations are supported by robust analysis and risk assessments.
• Ensure that credit portfolio construction systems and rating tools are adequately equipped for the scale and complexity of portfolios being modelled.
• Evaluate and recommend improvements to existing systems and tools to enhance accuracy and efficiency.

Requirements

• NQF Level 8 Honours or Postgraduate Diploma or equivalent Finance or Investments or related
• Experience of Credit Risk assessment and evaluation including financial statements Credit Risk management acumen commercial acumen regulatory requirements for lending
• 810 years experience in developing credit risk management frameworks and managing a credit function within a large financial institution.
• Ability to work on a conceptual basis and translate ideas into practical solutions
• Ability and experience to lead strategic projects requiring coordination and handson execution
• Ability to work on multiple deliverables at the same time.
• Good relationship building skills; able to work effectively with people from diverse backgrounds and experience (investment bankers actuaries risk managers quantitative analysts).
• Entrepreneurial edge ability to develop and grow deliverables and remit organically.
• Leadership track record be able to lead a team.
• Strong communications skills: confidence and ability to engage with senior management up to an EXCO level.

Skills

Competencies

Education

Closing Date

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!