Thursday , April 25 2024

Standard Bank Jobs Cape Town – Manager, Credit Risk

Website Standard Bank

Job Description:

  • To provide effective, pro-active credit risk management for the Business and/or Entrepreneur and/or Lifestyle Lending portfolios across products.
  • To assist Personal and Business Banking (PBB) in achieving their asset growth targets, while maintaining a quality secured and unsecured lending book within the ambit of the PBB Credit policy and guidelines.
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Job Responsibilities:

  • Ensures terms of sanction are met by verifying Pre Conditions as per Credit Sanction.
  • Regularises agreements, ensuring they are correctly signed and regulatory requirements are met (outside of CRO mandate or for complex, high value or non-standard facilities).
  • Manages fulfilment of Post Conditions (once-off and ongoing) such as review of management accounts, financial covenants, specific agreements as appropriate and within mandate/sanction.
  • Actions Damage Control report / Client Health Check to identify distressed clients or accounts which need rehabilitative actions.
  • Applies a holistic client view (across segments) and proactively initiates and agrees an action plan / rehabilitation / restructure strategy with Credit Evaluation Managers and Relationship Managers. Takes regular and appropriate rehabilitation action in respect of accounts showing any negative trends.
  • Applies a pro-active and solution orientated approach.
  • Involves Business Solutions and Recoveries where required and supports them as needed.
  • Monitors adherence to a rehabilitation plan and reduction orders.
  • Proactively manages movement between monitoring and watch list statuses in accordance with risk identified and policy.
  • Actions various requests such as requests for sub-divisions, third party bond applications, release considerations, alienation of land, removal of restrictive title conditions, consent for rezoning, servitudes, establishment of townships, consolidation of property etc collateral function, details included in collateral release request
  • Verifies collateral against the Securities Management Systems records when preparing agreements.
  • Supports Credit Risk Officers in their functions where required due to mandate, complexity or experience.
  • Hindsighting CRO.
  • Attends to loading and checking of live limits (including temporary limits) and adjusting limits or reduction orders for Overdrafts / BRCP / MTL / BTL within Delegated Authority, SLA and laid down procedures.
  • Actions reduction orders and approved interest changes in accordance with risk procedures.
  • Ensures queries and complaints are dealt timeously to prevent possible escalations to the team leader.
  • Ensures rehabilitation and regularisation of irregular accounts by engaging with relationship managers or accounts analysts, holding diary notes and following up until matters are resolved.

Job Requirements:

  • Minimum Qualification – Diploma Finance and Accounting
  • Preferred Qualification – BComm Degree
  • 3 – 4 years Good understanding of Credit Risk and Compliance functions, good understanding of financial statements and financial ratios, good understanding of collateral and legal processes.
  • 3 – 4 years Good understanding of secured and unsecured products within PBB SA Business Lending.

Job Details:

Company: Standard Bank

Vacancy Type:  Full Time

Job Location: Cape Town

Application Deadline: N/A

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