Head of Credit and Risk Job 2015

Job Description

Job Title: Head of Credit and Risk

1. Main Purpose of Job: Responsible for the overall Risk and Credit management and strategic direction of the business, which include all risk related policies, procedures, assessment portfolio and asset risk management and collections.

This person will also have the relationship with legal counsel whenever legal matters arise.

2. Structure and KPA’s

Reporting Line

To: CEO

Direct Reports: Credit Manager, Collections Manager, Asset Manager, Portfolio Risk Manager

Relationships

Internal (Employer): Operations, Risk, Sales, Finance

External: (Dealership/ Distributor/ Market) Customers, Executive and Snr Management of Distributors/Dealers/ Manufacturers. Legal Council, Service providers, Credit Agencies, Banks and other funding partners

Key Performance Areas

Bad Debt/ Write offs: To ensure budget and targets are achieved

Arrears/ Defaults: To ensure budget and targets are achieved

Asset Risks/ Residual Values: To ensure budget and targets are achieved

Portfolio Risks: To ensure budget and targets are achieved

Risk Matrix: Effective management of Risk Matrix

3. Main Job Functions
 

3.1 Credit Risk

Build strong relationships with Executive and Snr level management teams across functions

Develop and Implement the Credit Policy, Processes and Procedures

Ensure that the Credit assessment targets and SLA’s are achieved

3.2 Administration and Reporting:

To report on a weekly and monthly basis on the overall Risk and Credit performance of the business

Ensure that the annual Performance Management Program for direct and indirect reports are completed

Ensure that the forecast and budgets for the Credit and Risk function, presented and implemented

Present a Monthly Report pack on the overall performance of the function

Managing the budgets of the Credit and Risk function

3.3 Management:

Managing the Senior Management team for the Credit and Risk function

Managing external vendors (Credit Agencies, Legal, Dealers, Collection Agents)

3.4 Customers:

Building strong relationships with the Top 20 customers for the business

Building strong relationships with the Corporate and SME market on an Executive and Snr Management level

3.5 Strategy:

Formulating and implementing the overall Credit, Asset and Portfolio Risk strategy for the organization.

Monitoring the overall Risk Strategy through the Risk Matrix

Monitoring the overall compliance and relevance of the Credit Policy and procedures

Developing strategic relationship across the whole risk and legal industry

Member of the Credit and Risk Committee

3.6 Credit Assessment and Compliance

Ensure that the Credit policy and procedures are adhered to

SLA’s are adhered to

Introduce Kaizen program of continues improvement

3.7 Collection (Soft and Hard)

Develop and implement an end to end Collections strategy and Decision tree

Measure the effectiveness of the strategy

Introduce Kaizen program of continues improvement

3.8 Asset Management

Develop and implement an asset management strategy for all asset classes

Monitor asset values through an asset register

Develop a pro active asset disposal program for all asset classes

3.9 Portfolio Risk

Develop and implement a comprehensive total portfolios risk monitoring and assessment strategy

Implement counter measures or changes in policy to mitigate future portfolio risks

3.10 Risk Matrix

Develop and monitor overall Risk Matrix program for the business

3.11 Market/Industry intelligence

Stay informed on all current and future changes in the market and competitors that could impact the overall risk profile of business including changes to markets, products, credit, finance regulations/laws or entrees into the market

Keep up to date on the dynamics of the markets and industries where the company has the biggest exposure to customers and asset classes

4. Experiences and Key Attributes

More than 10 years of intimate knowledge and experience in managing the overall Risk and Credit portfolio for a finance (Asset base finance and leasing) company at a Senior/ Executive level.

Brilliant communicator

Strong and effective customer and industry network

Ability to build good internal and external relationships across reporting lines

Ability to fit in as a member of a team.

Strategic thinker as well as strong execution abilities

Must have a proven record of successfully managing a large portfolio or book across various asset classes and customer profiles

Must have a strong business minded approach to Risk and lending

Friendly, dynamic, professional, pro-active and forward thinking

5. Qualifications

Post Graduate degree or MBA from a reputable institution of higher learning.

How to Apply

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