Stanbic IBTC Bank - Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
We are recruiting to fill the below position of:
Job Title: Team Leader Collateral Monitoring Unit
Job ID: 10753
Job Description
Ensure that the Bank’s need to provide adequate controls over the risks encountered in the pre and post credit granting stage of the credit process are satisfied by verifying key documents and maintaining tight control over physical stock counts, warehousing inspection and monitoring key distributors in line with approved parameters.
Key Responsibilities
- Undertaking a comprehensive and robust monitoring, stock count and other activities of customers related to CMU in line with approved sanction and various distributorship schemes.
- Undertaking periodic and ad hoc visits / spot checks to review clients operations and provide a comprehensive status report as stated in approved sanctions, which must include identification of potential structural weakness in clients operations.
- Liaise with external agents e.g. warehousing/collateral agents e.t.c on behalf of the Bank and act as a checker on their activities in line with executed service agreements. Reports will be duly provided for such activities.
- Track daily/monthly collections from key distributors under the various approved schemes to forestall any possible diversion of sales proceeds.
- Daily / monthly review of account performance viz-a-viz terms and conditions of approval and ensure strict adherence.
- Verification of documents and information in day to day work as delegated by account management or credit evaluation in line with approved turnaround time.
- Diarise and follow up on conditions of sanction /covenants as it relates to the CMU function.
- Refer / Escalate / flag up problematic or irregular accounts (inappropriate payment patterns, failure to meet turnover covenants e.t.c) to account management for inclusion in monthly watch list.
- Maintain a proper monitoring system and ensure that the data set is complete and accurate.
- Design reports that addresses the tracking and measurement of agreed account performance criteria.
- Establish and maintain close working relationships with internal, external and service providers.
- Co-ordinate monthly transaction status report to Management
- Authorisation of payments from the key distributors’ dedicated accounts to the various suppliers.
- Ensure adherence and compliance to all policies, processes and procedures.
Key performance measures
- Delivering a prompt, efficient and quality service to Credit for effective decision making by adhering to agreed turnaround times.
- Provide effective support to stake holders in the scheme.
- Ensuring compliance with approved sanctions, product papers, credit standards and policies
Required Skills and Qualifications
Qualification / Knowledge
- B.Sc in any Social Science course. Additional qualifications will be an added advantage.
- Sound knowledge and understanding of credit criteria, credit policies, risk and financial analysis, credit control and the application thereof
- Thorough working knowledge of the operating system and its related procedures, for analyzing the account behaviour of clients.
- Thorough understanding of all the bank’s product and facilities that give rise to counterparty credit risk.
- Understanding terms of the facilities and any conditions and covenants that will need to be complied with over the duration of the facility’s life.
Experience
- Minimum of 5 years experience in a banking environment preferably with a risk management background.
Problem solving
- Interpret, analyse and evaluate data received from multiple sources of information.
- Think outside the box.
- Conflict management.
- Ability to manage and control multiple projects.
- Information gathering
Planning
- Drive to simplify and improve processes.
- Ability to plan and prioritise activities within allocated time frames.
- Be flexible and responsive to changing needs of the business and market
Decision making
- Analyse problems thoroughly
- Must think pro-actively
- Apply sound judgement
- Collate and critically evaluate information from multiple sources.
- Make informative decisions Problem solving.
- Able to weigh things up quickly and take the initiative within limits of authority.
- Required Competencies
- Personal competencies
- Methodical; must be able to prioritize
- Attention to detail; thorough, particular and accurate
- Analytical; good numerical ability
- Initiative; ability to act with no supervision
- Resilience; ability to stand ground when being challenged.
- Integrity; maintaining a high level of trust.
- Written communication; correspondence to be articulated in a logical, well structured and user-friendly manner.
- Energetic and with sound decision skills
- Must be able to work under pressure, handle pressure/conflict and remain focused.
- Verbal communication. Convey facts, ideas and opinions clearly to others.
- Socially sensitive; understand internal and external customers and adapt social behaviour accordingly
Application Closing Date
25th March, 2013
Method of Application
Interested and qualified candidates should:
Click here to apply online