Stanbic IBTC Bank: Senior Business Support & Recoveries Manager

Stanbic IBTC Bank is hiring a Senior Business Support & Recoveries Manager.

Division Proposition
A leading player in global emerging markets, Standard Bank has built an unrivalled reputation for service, innovation, and trust, winning us the title of Best Bank in Africa for 3 years running. At the heart of everything we do is our Operations team, which oversees every one of our transactions while working to develop new products for our global client base. To build on this success we are now seeking an accomplished team player with experience in Credit and Corporate & Investment Banking to work closely with our Head of CIB Credit, Head of Corporate Banking and Head of Investment Banking to fulfil our ambitious business objectives.

Position Description

PURPOSE OF JOB:
To identify, manage and provide advice for Corporate and Investment Banking distressed exposures. Furthermore to identify the risk associated with these and where relevant, manage the possible increased exposure to enable project completion and or collateral realization for recovery processes.

KEY RESULT AREAS:
Along with relevant Account Manager and Credit Managers, assess clients/accounts in order to optimise the bank’s profitability and limit exposure over the short, medium and long-term.
Assess counterparties, the current security position and where appropriate take additional security.
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.
Be involved and influence client visits and negotiations to manage credit recovery processes including restructure and or renegotiation of facilities.
Business oriented solution with acceptable risk as opposed to total risk minimisation approach.
Develop and implement solutions for credit recovery on accounts in order to secure debt, stabilise accounts or turnaround where possible.
Manage, influence and negotiate with relevant stakeholders to limit the Bank’s exposure on accounts.
Attend and influence consortium meetings from a business risk perspective.
Conduct in-depth research on relevant accounts, applying banking, legal and credit knowledge where applicable.
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.
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.
Document and communicate relevant decision to all relevant stakeholders.
Assist with relevant regulatory returns and provide advice on these where required.
Participate in industry initiatives from time to time
Attend and participate in Credit Risk Reviews.
Awareness of the Group Reference Guide (GRG); CIB Credit Policy and BS&R Mandate.

Required Skills and Qualifications
QUALIFICATION:
Relevant Business Degree

EXPERIENCE:
10 years banking experience covering Credit; Corporate Banking and Investment Banking. Experience within a BS&R environment an added advantage
Keen interest in building a career in Business Support & Recoveries

KNOWLEDGE COMPETENCIES:
Specialist knowledge -   Demonstrates a clear understanding of the role BS&R should perform within CIB and must be able to provide the team with structure, direction and strategic thinking where appropriate in relation to distressed and defaulted exposures.
Sound business savvy and banking knowledge around:
accounting and financial principles
generally banking
corporate banking
Legal principles related to lending and collateral rights
And ability to translate and apply this knowledge to optimise positive outcomes.
Risk Management - Understands and manages strategic and operational risk including understanding and conforming to the relevant processes and procedures within BS&R and CIB. 
Competencies required in delivering accurate and relevant results and assessing risk including attention to detail, delivery of accurate and relevant research,  proactive and timely delivery of requirements, ownership of problems, understanding of impact of non-delivery and sub-standard  performance.

Required Competencies
INTERPERSONAL COMPETENCIES:
Delivering Results – Proactively and effectively manages and co-ordinates resources to ensure that objectives are optimally achieved.
Communication – Effectively applies verbal, non verbal and written communication methods to achieve desired results using a flexible interpersonal style. Demonstrates a sophisticated level of front line negotiation skills and professionalism in dealing with others.
Relationship building - Proactively develops and manages appropriate networks of internal clients and external parties to the Bank.
Teamwork - Regards BS&R as an interrelated team and assists or asks for help where needed. Contributes meaningfully to the BS&R team, the broader Risk environment and to the Legal Risk team.

PERSONAL COMPETENCIES:
Organisation and control – Reflects a high level of self-organisation and uses solid project management skills for recovery processes
Conceptual reasoning -   Demonstrates broad conceptual ability and applies holistic thinking when managing credit recoveries, aligned to Risk and Bank strategy.  Able to identify relevant trends and risk exposure in credit recoveries and limit this exposure through the appropriate means.
Demonstrates a high level of attention to detail and problem solving skills.
Integrity – Reflects a high level of integrity in all dealings with stakeholders.
Resilience - Ability to perform consistently within and across a variety of contexts and situations and where appropriate assists others.
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.

How To Apply
Visit the Stanbic Careers Portal below and enter the Job ID: 5480. Click search

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