Nedbank Trainee Credit Analys

Advert Closing Date: 28 February 2017

Job Family

  • Credit

Career Stream

  • Credit Management

Leadership Pipeline

  • Manage Self: Professional

Job Purpose

  • To assess credit risk of existing portfolio so that risk is managed and mitigated in line with the banks credit policy.

Job Responsibilities

  • Review existing portfolio to ensure alignment with bank’s credit policy and to identify cross-sell opportunities by gathering and analysing relevant information.Prepare credit applications and make recommendations based on the findings, within credit parameters.
  • Manage risk by monitoring reports, including excess report, within expected timeframes, identifying potential risks and taking corrective action to ensure risk compliance.Measure compliance, identify risk and make recommendations for achieving compliance by using current information and other resources available.Monitor covenant’s by obtaining latest financial information, measuring compliance and reporting breaches.Sign off conditions of approval within required timeframes by checking the information called for.Verify that security is in place by gathering all required information.Ensure Nedbank Group Rating requirements are met, including Basel, and Moody’s, by reviewing accounts and identifying risks.
  • Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames. Ensure information is provided correctly to stakeholders by maintaining knowledge  sharing knowledge with team.
  • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).Participate and support corporate social responsibility initiatives for the achievement of key business strategies.

Essential Qualifications – NQF Level

  • Matric / Grade 12 / National Senior Certificate

Preferred Qualification

  • NQF Level 5 or 6 qualification (Degree or Diploma) that includes Accounting.
  • Depending on the business unit, an appropriate NGF Level 4 or 5 qualification e.g a Certificate or Diploma in Property Management may be an advantage.

Type of Exposure

  • Working with a group or independently to identify alternative solutions to a problem
  • Capturing data
  • Checking accuracy of reports and records
  • Completing various administrative and secretarial duties (e.g.; answering phones; making copies; filing)
  • Drafting reports
  • Managing conflict situations
  • Building and maintaining effective cross-functional relationships with internal and external stakeholders
  • Sharing information in different ways to increase others’ understanding
  • Managing customer expectations
  • Interacting with diverse people
  • Comparing two or more sets of information
  • Interacting with external clients
  • Communicating internally
  • Working in a fast-paced and changing environment
  • Tracking actuals against targets
  • Working in a team
  • Working with spread sheets

Minimum Experience Level

  • Business Banking or Corporate Banking experience
  • Knowledge on how to Spread Moodys
  • Knowledge on how to Analyse Financials
  • If no tertiary qualification: minimum 3 years experience gained in a similar role in a financial environment
  • If holds a tertiary qualification with accounting as a subject, a new graduate with on-the-job coaching and training

Technical / Professional Knowledge

  • Administrative procedures and systems
  • Banking knowledge
  • Banking procedures
  • Business principles
  • Business terms and definitions
  • Data analysis
  • Governance, Risk and Controls
  • Microsoft Office
  • Relevant regulatory knowledge
  • Relevant software and systems knowledge
  • Business writing skills
  • Industry specific knowledge
  • Cluster Specific Operational Knowledge
  • Knowledge of financial markets
  • Nedbank banking systems
  • Nedbank culture
  • Nedbank policies and procedures
  • Nedbank products
  • Nedbank vision and strategy
  • Relevant Nedbank Human Resources policies and practices

Behavioural Competencies

  • Adaptability
  • Communication
  • Continuous Learning
  • Contributing to Team Success
  • Decision Making
  • Stress Tolerance
  • Tenacity
  • Managing Work (includes Time Management)
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