Standard IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.
The Operations division of Standard Bank is at the very centre of all the bank’s procedures, enabling and optimising our Corporate and Investment Banking activities. We develop prototype concepts into robust, reliable solutions, constantly evolving our existing product range to help the bank maintain a competitive lead with our global clients. We are also in demand as internal consultants to the business, helping to manage the Bank’s assets through effective risk management and control systems. As part of this role we now seek an experienced Internal Control professional, who will help guide our work to fulfill our ambitious growth strategy
Standard IBTC Bank is recruiting for the vacant position:
Job Title: Business Support & Recovery Manager
Job ID: 12679
Location: Nigeria
Position Description
To identify, manage and provide advice in connection with CIB distressed and defaulted exposures in terms of the BS&R Mandate. To provide leadership to the BS&R team in the absence of the BS&R Head for the Nigeria portfolio.
Main Responsibilities
- Along with the relevant Relationship and Credit Managers / Executives, 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. Participate and lead rapid risk reviews for Nigeria in order to identify watch list and non-performing loans early
- 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.
- Understand the requirements of the various Companies Acts and Central Bank regulations regarding Watchlist and Non Performing Loans
- Business oriented solutions driven approach 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.
- 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.
- Participate in industry initiatives from time to time
- Awareness of the Group Reference Guide (GRG); CIB Credit Policy and BS&R Mandate.
- Build and maintain network of influence and assistance across Business and Credit
Required Skills and Qualifications
Qualifications:
- Relevant Business Degree.
Experience:
- Not less than 7 years banking experience covering Credit ; Corporate Banking and Investment Banking. Experience within a BS&R environment an added advantage
- Required Competencies
- Required competencies include;
Specialist knowledge
- Demonstrates a clear understanding of the role BS&R should perform within CIB and must be able to provide 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; collateral rights; insolvency law and business rescue
- 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.
Interpersonal Competencies:
- Delivering Results – Proactively and effectively manages and co-ordinates resources and relationships 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, and the broader Risk environment.
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.
- Leadership - willingness and ability to provide structure and guidance within the BS&R team, both in terms of individual matters and in terms of our role within the wider Risk function
Application Closing Date
19th August, 2014
How to Apply
Interested candidates should
Click here to apply