Head: Credit and Portfolio Management page is loaded Head: Credit and Portfolio Management Apply locations Pinelands time type Full time posted on Posted 2 Days Ago job requisition id JR-55250 Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionThe appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.The role has executive oversight and accountability for the consolidated Credit and Portfolio Management capability within OMSFIN. The primary function of the role is the proprietary investment management of the OMLACSA shareholder guaranteed credit mandates.Leadership ResponsibilityThis is a senior leadership position with OMSFIN Executive Committee membership. The incumbent will chair the OMSFIN Commitments Committee (ComCom) and be a member of the OMSFIN Investment Committee (IC), Credit Committee (CC), Valuations Committee (VC) and OMSFIN Asset Liability Committee (ALCO).The incumbent will have executive responsibility for managing the OMSFIN ComCom, VC, IC and CC. Further executive responsibilities include managing key OMSFIN stakeholders in the OML Group including Group Risk, Group Balance Sheet Management (GBSM). The incumbent will represent OMSFIN at the Group’s Management Credit Risk Committee (MCRC) and OMLACSA IC.The incumbent will be responsible for the management of the Old Mutual Alternative Investment (OMAI) and other asset management mandates.Functional ResponsibilityThe incumbent will manage a team of investment professionals to deliver on the following:Development, approval and implementation of the OMSFIN credit strategy in conjunction with the mandated asset management partners, Group Risk and GBSM.Manage the related business planning and resource requirements to support strategy execution, including capital, risk appetite and funding.Credit portfolio management and balance sheet optimization. This includes primary responsibility for delivery of credit balance sheet growth, profitability and return on capital in line with business plan objectives.Enhance and evolve the OMSFIN credit research and new credit product development capabilities.Development and incorporation of the credit quant capability to complement the fundamental credit process. This includes optimization of credit strategy and investment process leveraging the quantitative credit tools and management information.Allocation, mandate management and compliance. This includes mandating of asset management partners, stakeholder management, reporting, risk compliance, credit watch list, governance and SLA monitoring.Responsible for credit risk policies, methodologies and supporting technology.Credit risk reporting to key stakeholders. Key Result AreasCredit Strategy and Fundamental AnalysisHas primary responsibility as shareholder credit risk manager and oversight for OML shareholder wholesale credit assets.Development of the OMSFIN credit strategy, coordinating with Group Risk, GBSM, and the mandated asset managers, with sign off from MCRC.Provide key input into the Group credit strategy and business planning process, agree Group Risks limits, capital, risk appetite and funding on an annual basis.Co-ordination of research, quantitative and fundamental credit analysis to support strategy.Review of investment and credit analysis prior to submission to business and credit decision making committees.Portfolio ManagementConstruct the OMSFIN credit portfolios in accordance with the credit investment strategy.Manage the OMSFIN credit portfolios in accordance with prescribed ALM mandates.Responsible for monitoring OMSFIN’s credit portfolio and managing credit duration and concentration risk.Input into the pricing of credit investments and return on capital evaluations.Engage with Asset Managers to source suitable unlisted asset opportunities.Build strong relationships with Investment Banks and arrangers to access primary market issuances and secondary market opportunities.Develop and structure instruments with banks to achieve the portfolio risk and / or return requirements.Benchmark and report on credit portfolio exposures relative to market and internal benchmarks.Articulate and present credit views and strategy from a portfolio perspective.Monitor domestic and global markets and their effect on the portfolio.Engage with OMSFIN clients providing quarterly performance feedback and responding to ad hoc requests.Credit Quant and Economic CapitalQuantitative credit input into Investment selection and monitoring within the full investments life cycle.Credit risk internal rating and portfolio risk model development, enhancement, use and maintenance.Assess credit risk appetite (Earning at Risk) mandate and limits.Credit limit framework assessment in line with the annual credit strategy and business planning process.Portfolio, mandate and instrument risk modelling results production and reporting.Regulatory Capital calculation, optimization of OMSFIN’s credit strategy, credit capital and RoC.Regulatory Capital governance and ERM.Quantitative credit risk management – capability development, enhancement and application.Mandate managementManage and monitor delivery of all OMSFIN asset management sub-mandates.Ensure ongoing engagement with mandated Asset Managers.Actively consider and implement new credit mandate opportunities.Ensure adherence and delivery of the prescribed OMSFIN credit mandate.Key liaison to the OMSFIN CC and IC for all reporting and requests.Articulate and present credit views and strategy from a mandate perspective.Oversee asset level reporting, own the OMSFIN counterparty watchlist.Ongoing engagement with GBSM to manage the OMSFIN funding requirements, FTP framework engagement and deployment thereof.Oversee annual Group funding plan process in line with asset management deployment, monitor execution thereof.Credit governance and reportingCreate, maintain, implement and periodically review the Credit Risk Policy and related methodologies, and supporting technologies.Enhance and develop credit risk management methodologies and techniques such as rating methodologies and credit assessment techniques.Identification of process improvements considering the changing investment and credit risk environment.Provide credit risk reporting to the OMSFIN board and OML stakeholders Requirements: A ppropriate tertiary-level qualification, CA(SA) or similar, CFA advantageous.At least 10 years’ experience of credit markets which should include strategic credit and counterparty risk management, credit portfolio management and quantitative credit management; as well as the relevant corporate and institutional credit experience in the banking or insurance environment and experience of investment/capital markets in general. Minimum of 5 years senior management experience , including e xperience in building and structuring teams and implementing new processes and procedures. Previous experience in assessing and monitoring complex unlisted debt transactions. Previous experience of being part of an executive committee and engaging other senior management groups. Excellent knowledge of credit, derivative and investment markets. Working knowledge of the regulatory and capital market landscape locally and internationally. Competencies: Ability to think and operate at a strategic level. Excellent stakeholder management and engagement skills, being able to distill and communicate at the right levels. Leadership, ability to lead and manage a multi-disciplinary team, including coaching and mentoring. Ability to hold views and debate decisions and outcomes. Capable of engaging at an executive management level and being a team player. Excellent attention to detail, organizational, planning and time management skills. Strong communication skills – verbal, written and listening. Ability to work under pressure and adhere to multiple deadlines. Proactive, good initiative and accountability. SkillsEducationClosing Date15 June 2024The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so. The Old Mutual Story! Similar Jobs (1) Quantitative Credit Analyst - Balance Sheet Management locations 2 Locations time type Full time posted on Posted 5 Days Ago Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.#J-18808-Ljbffr