INDUSTRIAL DEVELOPMENT CORPORATION (IDC) VACANCIES

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IT ASSETS, FACILITIES & PROCUREMENT ADMINISTRATOR
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Job number IDC00490
Contract Type Permanent
Posting End Date 20 Feb 2025
Region Gauteng
IDC Job Grade A Band
 
Job Description
IT Facilities, Assets & Procurement Operations is responsible for the maintenance of IT Infrastructure, ensuring that all issues are identified, recorded and addressed promptly to prevent disruption. The role is also responsible for managing all IT Asset (hardware and software) resources within IDC and for the facilitation of all IT Procurement.
 
Qualification and Experience
QUALIFICATION
Relevant Tertiary Qualification/Diploma in IT/Procurement or Accounting
KNOWLEDGE AND EXPERIENCE

• 2 – 5 years working experience in IT Procurement/Accounting
• Minimum of 1 – 3 Knowledge of purchase orders, contract terms & conditions etc. will be an advantage
• Minimum of 2 – 3 Knowledge of SAP ERP (Material Management)
• Excellent and accurate data entry skills to ensure data integrity and quality of record keeping
• Technical ability including a high level of computer skills in a range of software packages including Microsoft Office 365.

 
Roles and Responsibilities

• Monitor assets: Keep track of assets to ensure they are used efficiently and comply with vendor contracts
• Analyze Inventory: Perform adhoc reporting and analysis on inventory levels and other asset management metrics
• Alert users: Notify the appropriate groups when new products are received
• Facilities: Oversee the maintenance and upkeep of IT Facilities, including space, planning and management
• Safety and health: Ensure the safety and functionality of all facilities, including running routine safety inspections
• Environmental monitoring: Monitor the environment, including power and cooling
• IT Facility access management: Oversee access to the IT Facilities
• Keep track of IT contracts.
• Assist management with procurement of IT assets and services both hardware/software and ensure that valid invoices are paid on time.
• Oversee IT assets issued to employees for the performance of their duties.
• Stay informed about industry trends and best practices in IT and facilities management to contribute to continuous improvement efforts.
• Oversee all spend activity and procurement requests for assigned category areas and determine proper action plan for all that meet the procurement involvement threshold (e.g., strategically source, user purchase, contracting)
• Assist the manager with daily operations of IT Procurement
• Plan, direct and manage procurement activities (including sourcing strategy, RFP/bid review, supplier management)
• Address purchase orders, contracts, delivery arrangements and cost management
• Liaise with different stakeholders in regards to IT procurement activities, i.e. gather purchasing needs on hardware, software and services with IT and Business users
• Updating IT assets on SAP
• Compile and post IT cross charges on a monthly basis before the closing date.
• Facilitation of data cards, cellular phone service and other connectivity solutions.
• Ensure that payments to service providers occur seamlessly
• Facilitation of tender and quotation processes.
  
  

Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES

• Analytical Skills to identify issues and prioritize tasks
• Decision-making skills to determine how many assets to buy
• Interpersonal skills to work effectively with end users and IT personnel
• Communication skills to develop better communication methods
• Organizational skills to manage IT assets
• Ability to follow established procedures and guidelines to make informed decisions.
• Organizational and Time Management
• Critical analysis - the ability to understand IT standards and apply them
• Customer Insight & Focus
• Stakeholder Management
• Report writing skills
• Problem Solving
• Project Management Skills
• Report writing skills

 
BEHAVIOURAL COMPETENCIES

• Planning and Organising
• Presentation and communication skills
• Relationship building
• Negotiation skills
• Coping with pressures and setbacks

 
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RECOVERIES, BUSINESS RESCUE AND INSOLVENCIES (RBI) SPECIALIST
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Job number IDC00491
Contract Type Permanent
Posting End Date 20 Feb 2025
Region Gauteng
IDC Job Grade P-Band
 
Job Description
To assess clients in distress, review restructuring/settlement proposals from clients and provide suitable restructuring and repayment profiles, review financial statements/management accounts and provide advice to the team regarding financial position of the clients and financial ability to commit to restructured repayment arrangements, manage clients in distress for purposes of making recoveries. 
 
Qualification and Experience
Qualifications:

• The incumbent must have CA (SA) qualifications e.g., BCom Accounting, with experience in Corporate Finance

 
Knowledge and Experience:

• Minimum 5 years post articles experience.
• Credit analysts with proven track record in structuring and presenting credit submissions for credit committees
• Strong commercial banking legal recoveries background exposure in a Restructuring environment - businesses experiencing distress.
• Exposure to business rescue matters.
• Exposure to legal agreements or litigation for purpose of recoveries.
• Exposure to various collaterals.
• Exposure to credit committees in financial institutions, Preferably DFI’s.

 
Roles and Responsibilities

• Review and consider settlement/restructuring proposals from clients and formulate the most efficient and suitable restructuring and repayment arrangements for the client in distress.
• Support the other team members in negotiating settlement/restructuring proposals with clients.
• Prepare reports to relevant committees on the reasonability and feasibility of settlement or restructuring proposals of organisation's client’s facilities which are in arrears.
• Carry out Business reviews and conduct site visits.
• Ensure that organisation’s collateral is maintained or improved for purposes of maximizing the organisation’s recovery,
• Play a credit risk support role to other team members in providing financial advice or analysis of client’s financial statement or management accounts in submission reports to committees.
• Review legal agreements from a financial and credit risk perspective.
• Manage and monitor clients in distress.

 
Job Requirements
TECHNICAL COMPETENCIES
• Problem Solving
• Business acumen
• Report writing Skills
• Project Management Skills
• Communication & Influence
• Analytical Skills
• Formulating strategies and concepts.
• Assess both the operational and financial viability of businesses
• Strong financial modelling/analysis skills
 
BEHAVIOURAL COMPETENCIES
• Coping with Pressures and Setbacks
• Conflict Management
• Persuading and influencing
• Planning and Organizing
• Communication Skills
• Interpersonal Skills
• Deciding and Initiating
• Self-motivated and self-driven skills
 
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SENIOR CREDIT RISK MANAGER - ORIGINATION
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Job number IDC00488
Contract Type Permanent
Posting End Date 20 Feb 2025
Region Gauteng
IDC Job Grade M Band
 
Job Description

• To partner with the Business Unit/s and become part of the core client assessment team with an aim to bring diversity of skills, disciplines and experiences in the onboarding and early assessment of credit risk and investment that deliver on the IDC mandate.
• To deliver value -added skills and advisory services to the early-stage due-diligence process by appropriately co-identifying the risks being taken and proposing mitigating factors in line with the organization’s risk appetite frameworks and applicable standards.
• To package and offer suitable solutions and mitigations that are aligned to the risk appetite of the Corporation thereby improving the quality of credit submissions and enhancing quicker turnaround, while maintaining an independent view.

 
Qualification and Experience
QUALIFICATIONS:

• CA / B Com post graduate qualification (or equivalent degree).
• MBA would be an added advantage.

 
KNOWLEDGE AND EXPERIENCE:

• 8 to 10 years’ relevant experience in a financial institution, 5 years of which must be specifically in Credit Risk.
• Knowledge and understanding of credit risk and any associated risks prevalent in the financing of transactions/projects.
• Ability to influence stakeholders and team members.
• Experience working in a high-level collaborative environment.
• Ability to manage multiple competing priorities while building effective relationships.
• Extremely organized and persistent, with a drive and determination to achieve goals.
• Require excellent computer skills and proficiency with Microsoft Office (Excel, Access, Word, PowerPoint).
• Exceptional planning and organizational skills: the ability to handle several complex tasks simultaneously.
• The ability to coordinate key projects with a variety of stakeholders is essential.
• Proven communication skills are essential - must possess excellent written and verbal skills to be able to work effectively with others.
• Ability to present and communicate technical information in a clear and concise manner.
• Possess the ability to make deductions and meaning from complex and abstract situations and make sound decisions from these factors.
• Must have the ability to work under pressure and cope with stress in a coordinated manner and be able to make rational decisions even under stressful/ high pressure situations.
• Negotiation and interpersonal skills are essential to negotiate and influence people towards achieving a predetermined goal.

 
Roles and Responsibilities

• Participate in Due Diligence investigations with the SBUs & Regional Offices, provide advice on risks to be assumed, mitigating factors and assessing viability of projects.
• Preparing preliminary SWOT analysis and ensuring application of Credit policies and credit appetite framework utilizing approved standard templates.
• Participation in Basic Assessment processes and presenting the Credit Risk Opinion and obtain CEM participation and indication of final credit structure requirements.
• Assist in risk identification and mitigation, ensuring compliance to credit policy and spreading of financials (if not undertaken by business) and provide SBU with “indicative risk grade and pricing”.
• In collaboration with the Legal Services Department seek for the adoption of a consistent approach in the drafting of standardized finance documentation across Group Counterparties as appropriate to ensure adoption of consistent credit terms.
• Encourage adherence to the organization’s stated Risk Appetite levels to the front line and encourage conduct to be within such stipulated appetite levels.
• Ensure credit submissions are undertaken in strict compliance with the official Credit and Investment submission templates of the Corporation.
• As part of the integral team dealing with applications, ensure that SBU completed applications are reviewed and edited to ensure fit-for purpose assessment and appropriate risk lens on structure /tenor/products and shareholder contribution using approved IDC Credit Templates.
• Provide input into the review and enhancement of the IDC Credit & Investment Template as required.
• Facilitate constructive working relations and healthy working morale between the Credit Risk Department and relevant SBUs.
• Provide appropriate guidance and support during deal development and structuring phases and act as a sounding board throughout the credit on-boarding process.
• Identification and mitigation of project and/or counterparty risks– including the development of a project risk matrix in conjunction with the relevant SBUs.
• Ensuring that the terms and conditions of credit committee approvals are well documented and executed in the legal agreements and draw documents.
• Participate in the draw-down process and provide independent credit sign-off as required from time to time.
• Attend and participate in client and/or deal structuring meetings prior to Deal Development Forum and provide advisory credit and structuring services on potential transactions after being cleared for any potential conflict of interest.
• To co-ordinate and share information with Credit Evaluation Manager (“CEM”) in the processing of the new transaction and ensure an option is provided for CEM to attend client meetings if and as required.
• Ensure timely submission of completed and comprehensive final report pack to CEM ahead of submission into the formal Credit and Investment sanctioning process.
• Work with the deal team and Legal Services Department to ensure deal closure post Committee approval and support applications requiring waivers and/or changes of approved credit & investment terms, as and when necessary.
• Ensure adherence to the principle of “need to know” by ensuring all information shared is aligned and limited to the credit origination process.
• Perform credit checks and deed searches on prospective and existing clients.
• Attending Credit Committees and Executive Policy meetings as and when required.

 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES

• Problem Solving Skills
• Business Acumen
• Report writing Skills
• Strong attention to detail and data validity
• Project Management Skills
• Strong Analytical Skills
• Planning and Organizing
• Client Insights & Focus

 
BEHAVIOURAL COMPETENCIES

• Good Communication Skills
• Self-motivated and self-driven skills
• Coping with pressures and setbacks
• Negotiating and influencing
• Interpersonal Skills

 
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SENIOR LEGAL ADVISOR
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Job number IDC00486
Contract Type Permanent
Posting End Date 20 Feb 2025
Region Gauteng
IDC Job Grade M Band
 
Job Description
To provide sound, clear and accurate legal advice to mitigate the legal risks that the IDC is exposed to in its daily activities.
 
Qualification and Experience
Qualification

• Law degree and Admission as an Attorney essential
• Master’s degree such as LLM desirable

Knowledge & Skills 

• A minimum of five years’ post-article experience in a banking and finance/corporate finance/project finance environment.
• 8-10 years working experience in the banking and finance/SoE/DFI (restructuring, turnaround & business rescue) space is essential 
• Experience in the drafting, review, negotiation and re-negotiation of cross-border, project finance, corporate, commercial, structured and re-structured finance transactions

 
Roles and Responsibilities

• Provide general legal advice, including legal research
• Structure, restructure, negotiate and re-negotiate corporate and commercial transactions including project finance and cross-border financing transactions
• Identify, evaluate and structure import and export finance transactions
• Ensure compliance with internal legal and other IDC procedures and policies
• Identify and minimize potential legal risks
• Draft, review, negotiate and re-negotiate financing agreements and other legal documentation
• Make presentations and opine on legal and regulatory developments
• Conducting legal due diligence investigations
• Ensure efficiencies aimed at improving client satisfaction by providing efficient legal services 
• Developing and maintaining relationships with providers of legal services (including, external legal counsels, business rescue practitioners and other key stakeholders)
• Develop and maintain client and institutional relationships, internally, locally and internationally

 
Job Requirements
TECHNICAL/FUCNTIONAL COMPETENCIES
Sound corporate and commercial legal knowledge
Ability to work independently and within a team
Draft and negotiate loan agreements and other legal documentation
Transactional negotiations at senior level
Excellent analytical and problem-solving skills
Excellent communication and interpersonal skills
Independent judgement and good analytical skills
Capable of working in a high-pressured environment and can exercise independent judgement
Ability to prioritize and plan
Ability to independently provide guidance and timeous delivery on highly complex projects
Ability to coach and mentor juniors on areas of specialization
Good knowledge and understanding of international and local financing instruments

BEHAVIOURAL COMPETENCIES
Collaboration and Influence: The successful candidate is a senior person who will be highly visible and credible with key internal and external stakeholders and proactive in aligning risk strategies to address the business.
Leadership: This individual will possess excellent personal communication skills that engender credibility and confidence both inside and outside the IDC and a team-first mentality. Resourceful and a self-starter, the candidate will know how to make things happen through his or her people, while also being hands-on. The ideal candidate must have natural leadership abilities and be capable of crafting the vision and creating support from within.
Teamwork: A true team player. Supportive of his or her team, peers and others across the organisation. Contributes to an atmosphere in which people work together, enthusiastically and effectively, in producing outstanding results.
Results Oriented: Energetic, resourceful, sophisticated and savvy, with strong service orientation and positive “can-do” attitude. Fully committed to the job and to delivering outstanding work. Never satisfied with status-quo, continually striving for excellence. Enjoys working “hands-on”. Strong attention to detail..
Judgment: Makes timely decisions while including necessary people in the decision-making process. Exhibits sound and rational judgment.
Communication: Possesses excellent written/oral communication skills as well as excellent persuasive and presentation skills. Able to deal effectively with a broad range of personalities and cultures.
Change agent and strategic thinker: An innovative thinker who is comfortable designing for the future, while managing day-to-day matters.
 
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SECRETARY
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Job number IDC00485
Contract Type Permanent
Posting End Date 19 Feb 2025
Region Gauteng
IDC Job Grade A Band
 
Job Description
To perform a full range of legal secretarial and related duties in support of the relevant assigned cluster manager and team.
The work requires knowledge of legal secretarial office practices requiring the secretary to exercise judgment in making decisions where alternatives are determined by policies, procedure and practices.
To be the point of reference for all queries, requests or issues and be an integral part of the business unit.
 
Qualification and Experience
Qualifications:

• Matric
• Relevant Diploma

Knowledge and Experience:

• 2 to 5 years proven Secretarial and Administration experience.
• The following computer skills and knowledge of office software packages are essential: MS Word; PowerPoint; Excel; Outlook
• Knowledge of SAP will be an added advantage

 
Roles and Responsibilities
Financial / Shareholder Returns

• Process the department’s expenditure and / or invoices
• To process financial travel claims and provide support for travel related enquiries.
• To process VAT invoices for payment and follow up with financial management department on outstanding VAT invoices by email and/or telephone;
• To assist the team by ordering stationery and other office supplies;
• To monitor usage to avoid wastage that might culminate to “fruitless expenditure” in respect of the LSD; and
• To perform duties within the financial and budget guidelines, record-keeping of accounts of the LSD.

Internal / Operational Processes

• Receives and screens telephone calls and resolves basic queries;
• Schedules and arranges conferences and meetings for the members of the team (as and when requested by the manager and/or team member(s);
• Arranges travel for the members of the team (including ensuring proper scheduling of transportation arrangements and making hotel reservations);
• Maintains the team’s filing system (opening, closing and arching of files);
• Determines the need for, requisitions of stationery supplies, and/or ensures the repair and/or report of any faulty printing machines as soon as becoming aware of the fault;
• Organises diaries, appointments and arranging meetings.
• Creates, transcribes and distributes cluster and/or departmental meeting agendas, minutes and work related reports in accordance with the LSD’s style and format (as and when required); and
• Maintains and manages the LSD subscriptions with various professional bodies as may be required from time to time.
• To assist the team with the preparation of legal agreements (including preparation of amendments to legal agreements and non-disclosure agreements);
• To attend to all typing needs of the LSD in relation to any legal documentation (applicable from time to time);
• To be a general administrative support to the team (in line with the LSD’s systems and procedures), including dispatching of legal agreements to clients,
• To follow-up with clients regarding signature of legal agreements;
• To update SAP daily on the status of signature of legal agreements;
• To attend to the circulation for signature and witnessing of legal agreements on behalf of the Corporation;
• To facilitate instructions to external attorneys (for bond registrations and/or cancellations):
• To attend to photocopying, faxing, mailing, dispatch, and/or receiving of legal documents on behalf of LSD;
• To attend to the filing of originally signed legal agreements with the Corporation’s records department;
• To proofread and correct prepared materials for correct grammar, spelling, punctuation, format and syntax in respect of all legal agreements and related documents prepared at the LSD prior to sending it out;
• To compose non-standard correspondence (as and when required);
• To prepare presentations from information and guidelines provided by the cluster manager or a team member (as and when required);
• To manage and file legal master templates and legal opinions on the LSD Shared Drive; and
• To facilitate on boarding of new staff members.

Customer Focus & Stakeholder Management

• To attend to general correspondence and liaison with internal and external clients (as and when required);

Learning, Leadership & People Growth

• Manage own development to enhance own competencies
• Participate in knowledge sharing in the team

 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES

• Administration and telephone skills
• Planning and organising skills
• Attention to detail
• Ability to liaise and engage with both internal and external clients
• Customer service skills
• Computer proficiency
• Minutes taking skills

BEHAVIOURAL COMPETENCIES

• Interpersonal skills
• Good ethics, integrity and high level of professionalism
• Confidentiality because of the nature of the work
• Communication skills (both written and verbal)
• Ability to multi task and thrive under work pressure

 
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PROCUREMENT SPECIALIST
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Job number IDC00487
Contract Type Permanent
Posting End Date 17 Feb 2025
Region Gauteng
IDC Job Grade P-Band
 
Job Description
Procurement specialists are responsible for facilitating the procurement process which includes the evaluation of tenders for the supply of products and services, negotiation and administration of procurement contracts to ensure approved purchases are cost-effective, of high quality, compliant with contractual obligations i.e. transformation goals etc. and meet the requirements of the organization.
 
Qualification and Experience
Qualification

•  Minimum National Diploma in Purchasing / Logistics / Supply Chain Management or equivalent with commercial subjects.
• A Bachelor’s degree would be desirable 

Knowledge & Skills

• Minimum 5-8 years procurement experience with at least 2 years dealing with integrated procurement processes to include tender management and contract management functions.
• Preferably 3 years’ experience in practicing Public Procurement Regulation as prescribed by the National Treasury/ PFMA/ PPPFA and B-BBEE.
• SAP experience in the Materials Management module (particularly SAP Materials Management module experience) would be an advantage.
• Computer literacy (Microsoft Office suite: Word/Excel/Power Point/MS Project).

 
Roles and Responsibilities

•  To facilitate the administration of the integrated procurement process and to conduct commercial evaluations i.e. cost evaluations, commercial evaluations, B-BBEE evaluations and other statutory compliance checks and to ensure follow-through of recommendations to contract management and contract close-out.
• To provide procurement advice to internal clients on procurement strategies to optimally serve business needs
• To assist in the negotiations and finalization of supply and service contracts to achieve cost savings and other commercial targets
• To effectively support B-BBEE imperatives and initiatives
• To assist internal user departments / clients with the development of clear technical specifications and associated cost models
• To provide support to the procurement manager with the implementation of procurement strategies
• To effectively implement procurement policy-, systems- and procedures and to ensure compliance thereto in the execution of procurement duties
• To ensure timely execution of procurement processes and to manage internal client expectations
• To monitor supplier performance based on Service Level Agreements (SLAs)
• To monitor supplier development plans for supplier growth and improved service delivery

 
Job Requirements
PERSONAL ATTRIBUTES: 

•  The incumbent must be prepared and willing to work overtime on short notice
• Ability to think independently/laterally and have a logical approach to problem solving
• Displays ethical behavior and maintains personal and professional integrity 

 
TECHNICAL/FUNCTIONAL COMPETENCIES:

• Business Acumen
• Report writing Skills
• Project Management Skills
• Strong Analytical Skills

 
BEHAVIOURAL COMPETENCIES:

• Deadline driven
• Good Communication Skills
• Good Interpersonal Skills
• Coping with Pressures and Setbacks
• Conflict resolution skills
• Negotiating and influencing
• Presentation Skills
• Decision Making Skills
• Interpersonal Skills

 
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​SENIOR LEGAL ADVISOR
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Job number IDC00467
Contract Type Permanent
Posting End Date 16 Feb 2025
Region Gauteng
IDC Job Grade P-Band
 
Job Description
JOB PURPOSE
To provide sound, clear and accurate legal advice to mitigate the legal risks that the IDC is exposed to in its daily activities.
 
Qualification and Experience
Qualifications

• Law degree and Admission as an Attorney essential
• Master’s degree such as LLM desirable

Knowledge and Experience

• A minimum of 5 years’ post-article experience in in a banking and finance/corporate finance/project finance environment.
• 2-3 years working experience in the banking and finance/SoE/DFI (restructuring, turnaround & business rescue) space is essential.
• Experience in the drafting, review, negotiation and re-negotiation of cross-border, project finance, corporate, commercial, structured and re-structured finance transactions.
• Understanding of the PFMA in particular its application to Schedule 2 SOEs, PFMA Treasury acquisition notifications, competition commission acquisitions notifications, fund management/investment
  
  

Roles and Responsibilities
MAIN DUTIES AND RESPONSIBILITIES

• Provide general legal advice, including legal research
• Structure, restructure, negotiate and re-negotiate corporate and commercial transactions including project finance and cross-border financing transactions
• Identify, evaluate and structure import and export finance transactions
• Ensure compliance with internal legal and other IDC procedures and policies
• Identify and minimize potential legal risks
• Draft, review, negotiate and re-negotiate financing agreements and other legal documentation
• Make presentations and opine on legal and regulatory developments
• Conducting legal due diligence investigations
• Ensure efficiencies aimed at improving client satisfaction by providing efficient legal services
• Developing and maintaining relationships with providers of legal services (including, external legal counsels, business rescue practitioners and other key stakeholders)
• Develop and maintain client and institutional relationships, internally, locally and internationally

 
Job Requirements
TECHNICAL/FUCNTIONAL COMPETENCIES

• Sound corporate and commercial legal knowledge
• Ability to work independently and within a team
• Draft and negotiate loan agreements and other legal documentation
• Transactional negotiations at senior level
• Excellent analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Independent judgement and good analytical skills
• Capable of working in a high-pressured environment and can exercise independent judgement
• Ability to prioritize and plan
• Ability to independently provide guidance and timeous delivery on highly complex projects
• Ability to coach and mentor juniors on areas of specialization
• Good knowledge and understanding of international and local financing instruments

 
BEHAVIOURAL COMPETENCIES
Collaboration and Influence: The successful candidate is a senior person who will be highly visible and credible with key internal and external stakeholders and proactive in aligning risk strategies to address the business.
Leadership: This individual will possess excellent personal communication skills that engender credibility and confidence both inside and outside the IDC and a team-first mentality. Resourceful and a self-starter, the candidate will know how to make things happen through his or her people, while also being hands-on. The ideal candidate must have natural leadership abilities and be capable of crafting the vision and creating support from within.
Teamwork: A true team player. Supportive of his or her team, peers and others across the organisation. Contributes to an atmosphere in which people work together, enthusiastically and effectively, in producing outstanding results.
Results Oriented: Energetic, resourceful, sophisticated and savvy, with strong service orientation and positive “can-do” attitude. Fully committed to the job and to delivering outstanding work. Never satisfied with status-quo, continually striving for excellence. Enjoys working “hands-on”. Strong attention to detail.
Judgment: Makes timely decisions while including necessary people in the decision-making process. Exhibits sound and rational judgment.
Communication: Possesses excellent written/oral communication skills as well as excellent persuasive and presentation skills. Able to deal effectively with a broad range of personalities and cultures.
Change agent and strategic thinker: An innovative thinker who is comfortable designing for the future, while managing day-to-day matters.
 
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HEAD: CREDIT RISK
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Job number IDC00484
Contract Type Permanent
Posting End Date 15 Feb 2025
Region Gauteng
IDC Job Grade M Band (Heads and Champions)
 
Job Description
Ensure the Credit Risk function meets its objectives of providing appropriate credit analysis, risk control, and business enablement, while developing and implementing strategies to safeguard the bank's financial stability. The Head should guide and support various stakeholders that include Subordinates, Strategic Business Units, Departments, Executive Management, Board Risk Committees, IDC Board, internal and external and auditors; and other parties.
 
Qualification and Experience
QUALIFICATIONS:

• A minimum of an Honour’s degree in finance, accounting, economics, business administration, or a related commercial field is essential.
• Non-commercial degrees if combined with extensive credit risk management experience will be considered.
• Candidates with a commercial master’s qualification will have an advantage.

 
KNOWLEDGE AND EXPERIENCE:

• Seasoned professional, proficient with depth in areas of expertise with direct or indirect experience in the management and leadership of highly professional teams
• 10 to 15 years of credit and investment risk management experience at senior management level
• Have intelligence to navigate through diverse stakeholders’ agendas and the resilience to sustain high performance under continued pressure and adversity
• Knowledge of key business functions (Investments, Accounting, Compliance, Audit Business Turnaround, and Client Monitoring)
• Understanding of best standards, policies and protocols in lending and credit processes and practices
• Understanding of business, strategic planning and budgeting processes.
• Experience in presenting at to senior committees
• Detailed knowledge of the general tools and techniques of structuring, evaluating and managing for debt and equity, including use of appropriate products to mitigate risks.
• Strong understanding of credit risk principles, regulatory requirements, and industry best practices.
• Ability to Identify and interpret risks related to sector, industry and business dynamics and the influence of macroeconomic, market-driven, competitive, and strategic influences on current and future business risks

 
Roles and Responsibilities

• Oversee the identification, assessment, and mitigation of credit risks across the Corporations’ lending and investment portfolio, encompassing new and existing exposures.
• Provide expertise in the evaluation and recommendation of acceptable risk levels across the lending and investment activities and provide specific leadership and management of the Credit Risk department
• Ensure credit policies and procedures are robust, align with all policies and regulatory requirements, and support the organization’s strategic objectives and ambitions
• Ensure the quality of the credit portfolio is maintained and an appropriate balance is reached between risk, reward and development imperatives across the value chain to foster a culture of prudent risk management
• Regularly review loan book performance indicators to identify concerns from credit decisions and feed these into ongoing decision making
• Ensure necessary controls are in place to address risks encountered during the credit life cycle from origination, evaluation, documentation, account management and collections.
• Contribute in setting the risk appetite levels for the organisation, that include Sector, Business Partner, Country and concentration limits and ensure exceptions are escalated, reviewed and tracked in line with approved standards and policies.
• Track all credit related projects and work with internal and external resources to ensure timely delivery.
• Ensure monthly reports are presented at required forums and committees, and approvals are obtained from the appropriate sanctioning body.
• Play a leading role in coaching, mentoring and developing deportment teams take responsibility in talent management and succession across the Division
• Contribute towards the periodic monitoring and review of credit modelling and pricing tools are that any emergent issues and potential risks are timeously addressed
• Review new Credit products and ensure monitoring and review of existing credit products performance is periodically conducted and any emergent issues and potential risks are addressed.
• Ensure stakeholder satisfaction through prompt service delivery and effective communication, adhering to set Service Level Agreements (SLAs) and Turnaround Time (TAT) standards for credit and investment applications.
• Serve on various committees and provide professional advice; and act as an alternate for the Chief Risk Officer in relevant credit and investment committees, including at Board Investment and Risk Committees and Board.
• Properly interpret relevant requirements emanating from various committees (e.g., Board and EXCO) to formulate responses, policies and frameworks that operationalize these requirements within own scope of activities and provide training for stakeholders and track exceptions to ensure compliance with approved standards
• Provide appropriate internal and external risk reporting (verbal and written) to various stakeholders as relevant
• Ensure there is consistent application of rules, thresholds and parameters in investment decisions, and that these are consistent with internal set limits
• Provide training on credit and investment risk management issues to relevant stakeholders and periodically review adopted credit certification programs for relevance and depth
• Provide effective leadership by guiding the Department in:
  o the effective translation of policy, strategy and business plans into operational and strategic execution
  o Overseeing, advising and/or assisting in the implementation of Department specific projects and those within the Corporate ambit
  o Managing conflict, facilitate constructive working relations and healthy morale amongst the department staff and other stakeholders
  o Driving a high-performance culture through the implementation and application of various people management processes, policies and strategies.

 
Job Requirements
LEADERSHIP COMPETENCIES

• Resilience
• Decisiveness in Execution
• People Engagement
• Communication and Engagement
• Diverse Stakeholder Management
• Teamwork
• Innovation
• Change leadership
• Strategic Thinking
• Business Mind Set

 
TECHNICAL/FUNCTIONAL COMPETENCIES

• Entrepreneurial Thinking
• Problem Solving
• Business acumen
• Communication & Influence
• Performance Focus
• Analytical Skills
• Planning and Organizing

 
BEHAVIOURAL COMPETENCIES

• Operating within a multi-cultural environment
• Political Awareness
• Coping with Pressures and Setbacks
• Conflict Management
• Negotiating and influencing

 
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