Credit Lending Analyst (Junior)

Job Purpose

The Junior Credit Lending Analyst is responsible for assessing and making decisions about customer credit applications for Discovery Bank. The incumbent is also required to assist in the constant evolution of this job to match the growth phases of the digital banking business, and the needs of the customer. This role assists in keeping the credit exposure within predefined risk limits.
 

Areas of responsibility may include but not limited to:

• Performs the role aligned to the credit risk policy and the credit standard.
• Evaluates, reviews and assess clients credit data and financial statements to determine the degree of risk involved in lending money.
• Determines the risk of default to the bank by assessing credit history, repayment history and credit scoring and infusion of third-party data.
• Assesses and make decisions about customer credit applications using a range of criteria including credit viability, customer payment history and customer credit-worthiness.
• Assists in continuous improvements of the credit lending processes to ensure the best customer experience within a digital banking environment.
• Assists in making recommendations about procedural and or policy changes for the digital banking environment.
• Interlinks with all stakeholders in relation to disputes, enquiries, escalations, and referrals to ensure all cases are addressed with TAT
• Manages exceptions and deviations from the bank risk framework.
• Works within the mandates and credit limits approved by the bank to ensure proper credit sanctioning
• Facilitates credit administration to ensure applicants are addressed.
• Data analysis and ability to prepare reports.
• User acceptance testing.

Skills Required:

• Credit and risk knowledge, including ratings and methodologies.
• Ability to submit and assess credit applications.
• Ability to identify, quantify and mitigate identified credit risk.
• Knowledge of National Credit Act.
• Knowledge of Financial Intelligence Act.
• Knowledge of Consumer Protection Act.
• Knowledge of Protection of Personal Information Act.
• Knowledge of industry and market trends.
• Knowledge of the Banking Act.
• Financial analysis.

Report writing and compilation:

Preferred:

• Understanding of the full credit value chain.
• Credit and lending skills and knowledge to be able to structure correctly.
• Understanding the bank credit policy
• Credit principles, policies and processes

Qualifications Preferred :

A Bachelor’s degree related to finance or equivalent and or a related credit lending qualification in a banking environment

Experience Required:

At least 3 to 5 years’ experience in credit assessing.

Data analysis and the ability to write reports.