Nothando Mabunda
Credit and Risk Management
Durban,KwaZulu Natal
Overview
25
25
years of professional experience
1
1
Certification
Work History
Risk Officer, Investment Monitoring Officer
KZN Growth Fund Trust
Durban
01.2017 - Current
- Reporting to the Chief Risk officer providing support of risk management function by advising the board and management of potential risks that may threaten the operations of the organization
- Responsible for identifying, assessing recommend mitigation measures and make decisions on how to prevent, avoid and transfer the risks
- Risk identification at the process and entity level
- Conducts regular risk assessments either through a team of risk management experts or personally on site
- Manages and prepares all documentation related to risk assessments and reviews of standard operating procedures
- Evaluate the gravity of each risk by considering its consequences
- Develop risk management controls and systems
- Design processes to eliminate or mitigate potential risks
- Create contingency plans to manage crises
- Evaluate existing policies and procedures to find weaknesses
- Delivers regular risk analysis reports to Management complete with actionable plans for avoiding or preventing potential threats at all levels
- Help implement solutions and plans
- Evaluate employees’ risk awareness and train them when necessary
- Prepare a risk-management budget
- Work with the Risk champions in the various units to prepare risk registers
- Develop and maintain the Agency wide risk register
- Credit and Post, Analyzed customer data such as financial statements to determine level of risk involved for extending credit
- Conducted industry research to understand economic conditions impacting borrower ability to repay loans
- Monitored credit accounts routinely to identify and mitigate issues and prevent losses
- Participated in loan committee meetings to provide input on lending processes
- Reviewed credit reports to comprehensively view borrowers' credit history and identify potential red flags
- Improved understanding of financial statements, which helped in assessing risk
- Created and reviewed credit policies, processes and procedures to maintain compliance with banking regulations
- Analyzed and monitored portfolio credit performance against expectations and recommended improvement strategies.
Credit Risk Manager
Nedbank Business Banking
Johannesburg
09.2011 - 03.2017
- Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts
- Reduced past due balances and bad debt by coordinating collection efforts with business banking service and other segment departments by 5%
- Conducted ongoing reviews to monitor portfolio performance and identify strong and weak areas
- Checked appraisals, title information and insurance documents for each property
- Performed semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams
- Structured complex transactions and negotiated complex credit documentation to mitigate risk
- Interacted with credit and front office colleagues to review credit reports
- Executed risk assessment programs to identify and quantify risks and associated controls
- Analyzed applicants' financial status and credit and property evaluations to determine loan feasibility
- Collaborated with credit managers and business manager to create and deliver presentations for senior management
- Identified proper exception codes, regulatory leverage designations and risk ratings to manage portfolio risk.
Credit Assessor
Nedbank Retail Business
Johannesburg
04.2008 - 03.2010
- Conducted financial review of customer lines of credit by assessing company financials and initiating credit application reviews
- Made decisions and recommendations about extending lines of credit
- Reviewed and approved or denied credit applications to keep organization profitable by making informed lending decisions
- Gathered loan documentation for underwriting
- Conducted presentations to upper management and executive teams for loan recommendations
- Attended credit-related training and conferences to stay informed about industry trends and developments
- Investigated and resolved customer disputes related to credit decisions
- Analyzed creditworthiness of loan applicants and determined credit risk of loan requests
- Performed credit reviews on corporations to assess financial conditions.
Credit Administrator
Nedbank Corporate Banking
Durban
01.2007 - 03.2008
- Processed recurring automated payments and credit card payments
- Oversaw reporting, documentation and recordkeeping requirements for department
- Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts
- Referred delinquent accounts to collections department or outside resources
- Performed semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams
- Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures
- Negotiated settlements and payment terms with customers and delivered customized payment plans
- Streamlined processes for early identification of potential credit system and monitoring problems
- Obtained and interpreted financial statements to assist in credit limit reviews
- Work cross-functionally with sales, management and other departments to maintain effective operations.
Credit Analyst and Credit Administrator
ABSA
JOhannesburg
11.2003 - 12.2006
- Assessed credit risk and analyzed financial statements
- Made decisions and recommendations about extending lines of credit
- Analyzed customer data such as financial statements to determine level of risk involved for extending credit
- Conducted financial review of customer lines of credit by assessing company financials and initiating credit application reviews
- Participated in loan committee meetings to provide input on lending processes
- Reviewed and approved or denied credit applications to keep organization profitable by making informed lending decisions
- Analyzed credit scores to determine borrowers' creditworthiness
- Monitored credit accounts routinely to identify and mitigate issues and prevent losses
- Maintained compliance with applicable regulations and laws governing consumer credit
- Improved understanding of financial statements, which helped in assessing risk
- Analyzed and monitored portfolio credit performance against expectations and recommended improvement strategies
- Complied with internal controls and government regulations
- Negotiated payment plans and loan terms with delinquent customers
- Analyzed creditworthiness of loan applicants and determined credit risk of loan requests
- Performed credit reviews on corporations to assess financial conditions.
JHI Property Services, Boake
Johannesburg
09.1998 - 01.2003
- Various Positions in Finance Administration, Nedcor, Avroy Shlain, Applied effective time management techniques to meet tight deadlines
- Completed clerical and data entry tasks to optimize financial procedures
- Interacted with customers by phone, email, or in-person to provide information
- Processed documents and materials to disseminate information to appropriate parties
- Issued invoices and followed up on outstanding payments to remind clients to pay on time
- Maintained filing system and organized customer documents for easy retrieval of information
- Generated monthly billing and posting reports for management review
- Collaborated with customers to resolve disputes
- Monitored outstanding invoices and performed collections duties
- Processed payment via telephone and in person with focus on accuracy and efficiency
- Maintained accurate records of customer payments
- Presented audit findings to accounting manager after reviewing results and paperwork
- Supported senior audit clerk with preparation of audit files by processing invoices and documents with consistent on-time delivery.
Education
MBA: Masters - Business Administration
Regenesys Business School
Current
twelve strategic management modules in various aspects of business, with a major focus on organisational development and leadership - undefined
UNISA
2009-10
Post Graduate Diploma - Risk Management
UNISA
2023-06
Bachelor of Commerce - Accounting
University of Swaziland
1998-06
Certificate of Competence: Business Rescue Decision Making - undefined
University of Pretoria
2021-12
Certificate of Competence: Foundations of Risk Management - undefined
Wits Business School
2023-01
Skills
- Advanced financial analysis
- Industry analysis experience
- Strong organization
- Research abilities
- Collateral risk
- Compliance assessments
- Lending regulations
- Credit risk
- Verbal and written communication
- Credit decisions
- Customer Relations
- Cross-functional communication
- Strategic planning
- Reliable business professional with experience in credit and risk management, process improvement and financial analysis Proven track record of successfully participating in deal making teams by actively contributing to improvement in business credit decisions Adept at analyzing data to identify trends and developing strategies to improve efficiency within the team and organisation
- Forward-thinking well rounded credit analysis, credit risk management, corporate governance with 20 years of expertise in business credit environment in financial institutions Fluid cultivating rapport with individuals to optimize business goals and output, contributor towards resolving complex problems and delivering of innovative improvement strategies
- Risk Reporting
- Credit Management
- Collection Processes
- Company Risk Management
- Business Partnerships
Certification
2023-06
Certified Director, Institure of Directors South Africa
Summary
Vigilant Risk Officer independently overseeing ongoing risk analysis and mitigation. Assesses and challenges front-line risk management execution to expose and remedy shortcomings. Three years of experience contributing impactful refinement to corporate policy.
Timeline
Risk Officer, Investment Monitoring Officer
KZN Growth Fund Trust
01.2017 - Current
Credit Risk Manager
Nedbank Business Banking
09.2011 - 03.2017
Credit Assessor
Nedbank Retail Business
04.2008 - 03.2010
Credit Administrator
Nedbank Corporate Banking
01.2007 - 03.2008
Credit Analyst and Credit Administrator
ABSA
11.2003 - 12.2006
JHI Property Services, Boake
09.1998 - 01.2003
MBA: Masters - Business Administration
Regenesys Business School
twelve strategic management modules in various aspects of business, with a major focus on organisational development and leadership - undefined
UNISA
Post Graduate Diploma - Risk Management
UNISA
Bachelor of Commerce - Accounting
University of Swaziland
Certificate of Competence: Business Rescue Decision Making - undefined
University of Pretoria
Certificate of Competence: Foundations of Risk Management - undefined
Wits Business School
Similar Profiles
Nothando MabundaNothando Mabunda
Credit and Post Investment Monitoring Officer at KZN Growth Fund TrustCredit and Post Investment Monitoring Officer at KZN Growth Fund Trust
Sandile NgcoboSandile Ngcobo
Investment Analyst Trainee at KZN Growth FundInvestment Analyst Trainee at KZN Growth Fund
Zachary LaferZachary Lafer
Intern at Griffith Growth Search FundIntern at Griffith Growth Search Fund
Nkosinathi SkosanaNkosinathi Skosana
Senior Project Manager at Maziya GroupSenior Project Manager at Maziya Group
SABELO GIFT ZULUSABELO GIFT ZULU
Broadcast Technician at Norwegian Cruise LineBroadcast Technician at Norwegian Cruise Line