Stanbic 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 Risk & Compliance teams at Standard Bank provides the essential foundations for our constantly evolving range of financial products and services. Risk is often the business unit that acts as the vital link in the powerful relationships we enjoy with our clients worldwide, and this division is now seeking an exceptional Collateral Preparations Officer to help us build on our success. Because you will work with colleagues across the business, you need to be an independent thinker, with exceptional analytical and communication skills, as you will organise and negotiate measurable solutions to fulfill challenging targets, and support our corporate business objectives
We are recruiting to fill the position below:
Job Title: Collateral Preparation Officer
Job ID: 12847
Location: Nigeria
Division: Group Governance & Assurance
Position: Category Credit
Employment Type: Full Time - Permanent
Job Description
- Attending to all aspects relating to collateral documentation and routine related aspects for the Branches.
- Assist in ensuring compliance of security documents are in line with the provisions of the respective facility letter.
Key Responsibilities
Preparation:
- Checks security documents in terms of the facility letter.
- Preparation of Form 23184 accurately within turnaround times, in terms of the facility letter and other legal requirements, whilst maintaining excellent service to internal customers.
- Validation of Supporting Documents
- Any other duty that may be assigned from time to time.
Performance Measure:
- Validation of security documents are to be 100% accurate
- Daily
- Check and verifies details on collateral preparation form and checks sanction/corresponding authority from Credit
- Prepare credit forms accurately within turnaround times.
- Follow up on queries pending with respect to issues raised on facility letter and supporting security documents within an acceptable timeframe.
- Fill out drawdown tracker
- Enter security documents provided in the vault in register for vaulting in
Weekly:
- Provides report on facility letters and security documents that have been pending and unsettled.
Required Skills and Qualifications
Problem solving:
- Evaluate current processes and controls in order to address any shortcomings in the credit monitoring, management and mitigation processes.
- Effectively manages the priorities and activities of the Credit Collateral team by identifying key value leverage points and eliminating low value work.
- Legal consultation access to participants within the credit risk value chain providing expert legal and technical support in the credit risk evaluation process in order to facilitate the development of acceptable risk parameters
Planning:
- Planning is typically short-term, with flexibility being a strong requirement as planning may need to be adjusted often to meet changing business needs
- Legal documentation: collateral documentation in legal order, with the bank’s rights thereto being unassailable, and housed as directed.
- Returns/reports: Preparation and submission of all relevant returns/reports.
Decision Making:
- Suitability of staff, collateral documentation, legal action, systems and controls, processes, procedure and external attorneys/council/liquidators/administrators.
Required Competencies
Knowledge:
- Tertiary related qualification
- Understanding of the bank’s products and facilities. Understands the terms of the facilities, and the conditions that will need to be compiled with over the duration of the facility’s life to ensure that legal risk is effectively restricted.
- Knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, and the variety of lending mechanisms and types of collateral that may be used.
- Understanding of relevant registration processes.
- Understanding of the bank’s internal controls and processes, specifically relating to the drafting, execution, management and custody of all facility letters / loan agreements / collateral documentation.
- Computer literacy, legal drafting skills, risk management ability and problem solving
Experience:
- Preferable to have banking experience, particularly pertaining to banking processes with regard to collateral documentation and the operation thereof.
Competencies:
- Articulate and perceptive. Listens to other people, and clarifies their understanding of the issues. Defines requirements concisely and unambiguously, while pitching the conversation at the right level for the hearer.
- Works well with other contributors to the business process by sharing information and involving their input.
- Handles potential conflict situations tactfully, with respect for other parties involved, and fosters a climate of co-operation and trust.
Work Pressure/Stress:
- Remains organised and apply sound judgement, and keeps developing relationships whilst under pressure.
Attention to Detail:
- Maintains attention to detail across the whole scope of work, and selectively focuses energy on most relevant and impactful issues. Strives for high degree of accuracy.
Problem Solving:
- Analysis and identification of technical and legal issues, and identification of most appropriate solutions. Organises and controls work efficiently.
Follow Through:
- Ensures that appropriate quality is delivered on time, and later evaluates the effectiveness of the initiative.
Technical Competence:
- Demonstrates the willingness and capacity to acquire the necessary level of technical competence/knowledge for the job.
Customer Orientation:
- Identifies and responds to customer needs, (e.g. Wholesale Banking, Credit Evaluation, etc) delivering high service relevant to the business’ strategy and operating conditions.
Positiveness and Energy:
- Achieves results through enthusiasm, energy and personal commitment. Always matches self against required standards of performance. Maintains effectiveness over extended periods of time.
Future Orientation:
- Forward thinking and constantly strives to find better ways of doing things
Application Closing Date
30th May, 2015.
How to Apply
Interested and qualified candidates should:
Click here to apply online