STANBIC BANK
Company Description
Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
Job Description
To identify, manage and provide advice in connection with Business Banking distressed and defaulted exposures in terms of the BS&R Mandate.
Watchlist and Early Arrears Accounts:
Along with the relevant Relationship and Credit Managers, assess clients/accounts in order to manage risk and limit exposure over the short, medium and long-term.
Assess counterparties, the current security position and where appropriate take additional security.
Participate in Rapid Risk Reviews in order to identify potential watch list and nonperforming loans early.
Responsible for advising Business Banking on performing loans showing signs of distress (Watchlist names). Executed through Portfolio Rapid Risk Reviews and Watchlist Committees.
Provide recommendations to improve business banking risk and enhance customer relationships to Business and Credit Teams. Brief Heads of Business to enable them to lead negotiations with watch listed names.
Be involved and influence client visits and negotiations to manage credit recovery processes including restructure and or renegotiation of facilities.
Oversee the drafting of sound legal documentations and scrutinise agreements including but not limited to facility agreements, consortium agreements, security sharing agreements and mortgage charges, in accordance with set risk parameters.
Conduct in-depth research on relevant accounts, applying banking, legal and credit knowledge where applicable.
Awareness of the Group Reference Guide (GRG); CIB & PBB Credit Policy and BS&R Mandate.
Participate in industry initiatives from time to time.
Non-Performing Loans:
Responsible for management of NPL names (primary responsibility) with decisions approved through Ad-hoc and monthly NPL committees.
Act as key account liaison to deal with queries and issues from Relationship Managers, Risk, Operations and Collateral Teams as well as with external professionals such as valuers, auctioneer’s, lawyers, receivers etc. on matters relating to Non-Performing Loans
Develop and implement solutions for credit recovery on accounts in order to secure debt, stabilise accounts or turnaround where possible.
Recovery , Litigation and liquidation:
Provide advice to various stakeholders on credit recovery and liquidation / receivership processes.
Prepare and submit liquidation claims / appoint Receivers.
Attend and prepare for meetings with creditors.
Brief attorneys and counsel and oversee conduct of litigation on behalf of the Bank
Governance and Reporting:
Responsible for recommending impairment requirement (provisions) to Head Credit BCC
Ensuring internal, IFRS, and regulatory provisioning requirements are met.
Responsible for collecting and maintaining loan loss data. Database updated as and when exposures change, or material recovery event occurs.
Document and communicate relevant decisions to all relevant stakeholders
Assist with relevant reporting returns and provide advice on these where required.
Report to the Watch list and NPL Committee and implement decisions there from, as well as update the relevant schedule/s on a monthly basis.
Maintain the default data base in terms of the Service Level Agreement with Credit Analytics for Non-Performing Loans on individual portfolio
Document and communicate relevant decisions to all relevant stakeholders.
Assist with relevant reporting returns and provide advice on these where required.
Qualifications
Minimum Qualifications
Relevant Business Degree
Experience Required
Atleast 2 years banking experience preferably in Credit, Rehabilitation and Recovery or Legal departments of a Tier 1 financial institution.
Keen interest in building a career in BS&R/ Credit
Knowledge Competencies:
Sound business savvy and banking knowledge around:
accounting and financial principles
generally banking
corporate banking
Legal principles related to lending and collateral rights
Understands and manages strategic and operational risk including understanding and conforming to the relevant processes and procedures within BS&R & BCC.
Additional Information
Behavioural Competencies:
Checking Things
Empowering Individuals
Examining Information
Generating Ideas
Interacting with People
Interpreting Data
Making Decisions
Meeting Timescales
Pursuing Goals
Resolving Conflict
Upholding Standards
Valuing Individuals
Technical Competencies:
Coaching and Mentoring
Difficult Calls Management
Financial Planning
Legal Collections
Legal Compliance
Performance Management
Recoveries
