Maximizing the bank’s risk-adjusted return by assisting to limit its credit risk exposure to within acceptable parameters. This is done by:
Identifying, measuring, and communicating the credit risk profile of the bank from a second line perspective.
Ensuring all necessary credit risk related policies, procedures, manuals, and tools are in place and kept up to date.
Monitoring, measuring and reporting on the efficacy of the bank’s credit risk controls. Proposing enhancements where required.
Conducting periodic monitoring of credit related activities. Providing timely identification and reporting of significant risks and losses and effectiveness of risk mitigation action
Driving and implementing an effective credit risk management framework along the lines of Enterprise Risk Management (ERM) and Basel II.
Partnering with the Credit Department on credit risk matters to ensure business growth is balanced with risk management and control.
Main Responsibilities:
Ensuring that the bank’s credit risk governance framework is in line with regulatory and internal requirements. This extends to policies, procedures, manuals, tools and templates.
Leading the Credit Risk team to drive and support the identification and management of various credit risks on a regular basis.
Monitoring, assessing and reporting on the bank’s credit risk environment and processes from a second line perspective.
Fully identifying and measuring credit risk across a range of on and off balance sheet asset classes.
Conducting regular monitoring of credit limits, in line with regulatory and internal requirements.
Conducting periodic stress testing of the bank’s credit risk profile in line with Basel II requirements.
Working with the Basel II project team to develop models for measuring Value at Risk (VaR), including default probability, loss given default and rating migration, economic capital, and risk-adjusted performance measurement.
Ensuring that all credit-risk related key risk registers and KRI templates are in place and maintained regularly, including the testing of controls by designated risk champions.
Validating control test results from a second line control perspective (Conformance Review) and channeling feedback on the same to the appropriate governance committees.
Ensuring the proper functioning of the credit risk loss event reporting process, including root cause study and trend analysis and remedial action proposal.
Working with the Product Approval Committee (PAC) to develop assessment models for quantification of product-related credit risks. Ensuring the credit risks associated with new and changed products, services and processes are sufficiently assessed and mitigated and that they are within established tolerance boundaries.
Proactively communicating with other stakeholders within the bank on credit risk issues. Ensuring that sufficient actions are undertaken to resolve all control weaknesses highlighted through the various credit risk reviews and audit processes. Escalating significant events to Head of Risk as appropriate.
Developing comprehensive reports and presentations that outline credit-risk-related findings, explain risk positions and recommend appropriate changes.
Provide input on/champion change to current operating mechanisms to ensure relevancy.
Influence “client success” and “client experience” mindset and approach throughout the bank – demonstrate NMB values and cultural norms by setting high benchmarks.
Serve as a collaborative resource for the NMB’s management and employees by keeping abreast of trends and issues.
Diagnose issues, and recommend solutions to highly complex business, people and organizational issues across multiple groups within the bank.
Partner with business Heads and other support function Heads to develop and execute a strategic Workforce plan.
Knowledge and Skills
Extensive knowledge of Risk Management, ERM, corporate and retail credit, special asset management, legal, commercial.