• Job Description

  Req#: 22994

  Who are we?

  Sanlam Specialised Finance (SanFin) is responsible for creation of shared value for Sanlam, its shareholders, policy holders, and societies with in which it operates by managing financial risk, developing financial products, and balance sheet optimisation, pursuing investments and financing opportunities in assets, sectors, markets, organisations, and geographies that enable maximum return within acceptable risk parameters.

  What will you do?

  Analysis and management of the sovereign credit risk exposures of a portfolio of countries. Analysis of economic, political and credit data to estimate degree of risk involved in extending credit or lending money to various sovereigns and corporates (operating within those sovereigns), within restricted limits. The incumbent may have supervisory responsibilities.

  What will make you successful in this role?

  This role would require experience and ability in the following responsibilities:

  • Following & analysing economic & political developments in Sanlam presence countries & economies (amongst others), assessing vulnerabilities & proposing appropriate internal sovereign ratings.
  • Development and maintenance of internal sovereign rating models, methodologies and country limits.
  • Working closely with origination teams as well as in country management to assess sovereign risk & provide input into the deal approval process.
  • Prepare country rating reports, strategic assessments, sovereign & scenario analyses.
  • Updating & refining country risk management tools, including country monitoring databases, vulnerability metrics, ratings & other models (eg debt sustainability analysis, foreign exchange reserve adequacy).
  • Presentation of topical developments in a country, region, or the global economy, as required by the businesses committees, from time to time.
  • In-country visits to supplement analyses with information gathered through interviews with local experts & officials (i.e., IMF in-country representatives, officials from the Central Bank & the Ministry of Finance, local & international journalists & the private sector).

  Other:

  • Ongoing monitoring of limits and exposures in the portfolio, from a Sovereign Risk perspective.
  • Assistance in resolving breaches.
  • Interaction with front office on debt funding initiatives.
  • Maintain credit files (electronic format) of sovereign risk analysis, in good order.
  • Take responsibility for reporting requirements as allocated from time to time.

  Additional Experience and Knowledge

  • Previous exposure to sovereign credit processes and procedures essential
  • Analytical and numerical skills: ability to analyse economic and political risks and impact on Sovereign Risk.
  • Ability to produce written reports to highlight matters of importance
  • Ability to present country review (and related) documents, with confidence, to the Sub-Credit or similar committees
  • General knowledge of business, industry and the macroeconomic environment and financial markets
  • Good presentation skills
  • Strong organising and planning abilities
  • Computer literacy: proficiency in Word and Excel
  • Ability to interface seamlessly with other team members, both of credit as well as the front office team
  • Economic and Political risk
  • Country analysis and comparisons/ranking of risk

  Qualification and Experience

  Degree or Diploma with 5 to 6 years related experience.

  Knowledge and Skills

  Rank companies within industry based on credit rating

  Written reports for lending decisions

  Recommendations and presentation of results

  Financial Modelling

  Financial and Economic Analysis

  Personal Attributes

  Manages complexity - Contributing through others

  Financial acumen - Contributing through others

  Decision quality - Contributing through others

  Manages conflict - Contributing through others

  Build a successful career with us

  We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its four business clusters – Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

  Core Competencies

  Cultivates innovation - Contributing through others

  Customer focus - Contributing through others

  Drives results - Contributing through others

  Collaborates - Contributing through others

  Being resilient - Contributing through others

  Turnaround time

  The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

  Our commitment to transformation

  The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.

• About the company

  As one of the largest financial services groups in South Africa, Sanlam provides insurance, investment, financial planning & retirement advice to individuals, businesses & institutions.

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