Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
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Job Summary
• A senior member of the RCU team, responsible for robust execution and management of e post sanctioning fulfillment activities namely Facility Letters generation, Drawdown and Limits management, Excess Management and Conditions & Covenant Management.
• Responsible for ensuring accurate, speedy, and efficient delivery of service standards.
Job Description
Accountability: Monitoring and Control: (60%)
- Support Business growth (Revenue and Market share) by ensuring Facility Letters generation, Limits set-up and disbursement are processed within agreed Credit & Business Operating Level Agreements and in adherence to localized credit policies/standards and procedural guidelines.
- Ensure that appropriate legal opinions, credit waiver/deferral approvals are held for all cases of document deficient.
- Act as a source of technical excellence and point of reference in relation to risk matters, specifically Post sanction fulfilment.
- Effectively manage facility limits to ensure that published limits are in line with the latest sanction and in accordance with the operational processes and procedures.
- Ensure robust management of Post sanction monitoring and control activities (benchmark repricing, limits management, excess management, Cash margins, Early drawdown/Safe to Lend draws, Committed/Uncommitted facilities and sanction conditions.
- Provide oversight review of excesses daily refer list to confirm that appropriate action has been undertaken by the Relationship/Markets team on reportable and non-reportable excesses.
- Manage the covenants and conditions data with regards to its integrity (capturing), notification, testing, flagging overdue and escalation of and failed / breached covenants.
- Work closely with internal legal team with regards to non-standard commercial terms /documentation and changes thereof.
- Act as a point of contact for both internal and external audits. Responsible for the rectification and documentation of any recommendations arising out of Audit/Assurance exception findings within Wholesale Credit/RCU teams.
- Ensure robust and error free Management Information (MI) produced by Risk Control Unit for use in Risk/Business Governance forums and Regulatory reporting.
- Ensure adherence to segregation of duties (maker checker concept) across Risk Control Unit processes without deviation
- Support Head of Risk Control Unit with process reviews and automation to improve TAT and enhance control
- Support Head of Risk Control Unit, Policy, Governance and Change in conducting User Acceptance Tests for new projects rollouts.
- Strictly adhere to Credit/RCU processes and procedures to ensure overall impairment and Loan Loss Rate are managed within agreed thresholds.
- Enhance control environment through monthly participation in Portfolio, EWL, RRCC meetings to discuss Credit/RCU related matters including but not limited to Overdue facility letters, Valuation reports, Safe to Lend/Early Drawdowns, Breaches in sanction conditions, Security maintenance items, and Account excesses.
- Ensure that there are no regulatory or conduct breaches within Risk Control Unit.
- Any other responsibility that may be assigned by the Head of RCU from time to time.
Accountability: Efficiency (15%)
- Champion embedment of change management initiatives in support of process improvements, cost reductions and efficiency.
- Participate in review of Wholesale credit procedure manuals/maps and CPAs with the aim of enabling business, improving existing processes and controls.
Accountability: Business Risk Partnership & Teamwork (25%)
- Ensure consistent quality of service to Business stakeholders.
- Support the Head of Risk Control Unit, Policy, Governance and Change in monitoring service and delivery in line with business needs.
- Work in partnership with colleagues and proactively anticipate, respond to and seek to exceed the expectations of customers.
- Attend portfolio meetings with the Credit Manager’s and Relationship Manager’s if problem related issues are to be discussed / need to be resolved.
- Work to minimize customer complaints and take corrective action wherever required to prevent future recurrence.
- Ensure knowledge on RCU guidelines and best practice sharing across the wholesale credit and Business stakeholders.
- Participate in Business team activities, launches and social occasions.
- To participate and contribute to projects undertaking by the by the Risk Control Unit
Education & Technical Experience Required:
- Graduate caliber with preference for fields of economics, finance or accounting
- A minimum of 5 years working experience
- Experienced in commercial banking credit risk operations, credit analysis and controls.
- Knowledge of operational risk and rigor processes, tools and practices.
- Knowledge of Wholesale Credit Risk policies and procedures.
- Knowledge of local regulations guidelines relating to lending.
- Strong Knowledge in Microsoft Excel
- ACIB qualification would be an added advantage
Competencies:
- Interpersonal and influencing skills
- Analytical and numerate skills
- Business product and process awareness
- Communication, Presentation & Negotiation skills
- Results-driven
- Team player
- Strong excel skills.
- Thoroughness/Pays attention to detail.
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Top Skills
What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
