Description

Job Title: Retail & Commercial Risk Adjudicator

Location: POS

Department: Risk

Position Type: Full-Time

Reports to: Head - Risk

Job Brief:
The Retail & Commercial Risk Adjudicator is responsible for assessing retail and commercial applications for new business, renewals and restructures to support decision-making this is compliant with and aligned to Massy Finance GFC’s (MFGFC) Credit and other related policies.
 

Responsibilities:
Accountable for Credit Risk Management and supports the revision or design and implementation of company-wide Credit Risk policy, procedures and guidelines, ensuring that they are up-to-date with industry standards and that they are streamlined with the Company’s risk appetite.  On an ongoing basis provide feedback on the efficiency of controls and that they are appropriate for the operations of the Organization.

• Assess the creditworthiness of Retail and Commercial applicants utilizing Personal Statement of Affairs, Financial Statements, Credit Reports, Bankers’ References and other supporting documents to determine the risk level of lending through detailed analysis of the applicant’s financial position, account history, the probability of default, based on information provided by the client;
• Review all loan applications for accuracy and conduct a thorough due diligence exercise before loans are submitted for processing and disbursement by ensuring the following:
  • Conduct review of Transunion reports;
  • TDSR is accurately calculated;
  • Conduct review of Credit Scores for accuracy ;
  • All required documents are seen and checked — for companies this includes an updated annual return and a valid Borrower's Resolution;
  • KYC requirements are fulfilled;
  • The loan is approved according to compliance on limits of loan approval;
  • Letters of Offer align to the relevant approval.
• Highlight exceptions to Credit Policy and escalate to the required delegated level of authority;
• Assist the business with structuring loans to ensure that the facility represents a good fit for both the client and MFGFC, as guided by the Company’s Credit Policy and risk appetite;
• Ensure adherence to Service Level Agreements and that all applications are accurately completed;
• Partner with Head, Risk to monitor the quality of the Loan portfolio and diligently pursue alignment of that portfolio with the Risk Appetite of MFGFC;
• Maintain knowledge of market and industry trends, competitors and emergent credit risks;
• Exercise sound adjudication of applications, adhering to all credit policies, procedures and delegated limits of authority

 
MINIMUM QUALIFICATIONS AND EXPERIENCE

• Bachelor's Degree in Banking, Business Management, Finance or related discipline
• A minimum of five (5) years’ experience in a retail and commercial lending environment, banking or financial services with at least three (3) years in a credit risk capacity 

KNOWLEDGE, SKILLS AND ABILITIES

• Financial products, risk management, and regulatory compliance (AML/ATF)
• Knowledge of Credit Risk Management
• Proficiency in MS Office Suite
• Strong communication, time management, and analytical skills
• Ability to use initiative, work independently and exercise sound judgement
• Ability to build and maintain relationships with customers and stakeholders
• Adaptability, decision-making, and attention to detail
• Team collaboration, integrity, and confidentialit