Summary
Date Posted: Sunday, March 27, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Actioning all identified credit control events and defaults, in order to reduce the roll rate of non-performing loans into lock up portfolio by providing a prompt and orderly turnaround environment in which controls can be exercised to ensure that the Bank is not faced with avoidable losses

Key Responsibilites
• Risk Management
• Ensure that all the necessary controls and systems are in place to address the risks encountered in the post-credit granting stage of the credit process.
• Approve draw down of facilities once satisfied that all terms and conditions of sanction/covenants have been met and all required collateral have been obtained and are in legal order.
• Loading of review dates, new risk grades, interest rates and limits relating to the approved applications. Ensuring that the above information is at all times correct and current. Where discrepancies/irregularities are evident, corrective action is to be taken without delay.
• Accounts identified as problematic are placed on the watch list and re-risk graded to reflect their current irregular status.
• Accounts identified as problematic are taken up with the Business Unit to ensure that remedial action is taken to regularise the exposure and /or escalate them to the Rehabilitation and Recoveries team• Ensure compliance with all relevant regulatory and statutory requirements.
• Close monitoring of excesses.
• Establish reasons for risk exposure in excess of credit facilities, evaluates these in relation to business risk parameters. Monitors utilization in excess of credit facilities.
• Manage and monitor the following irregular accounts :
• Dormant accounts
• Accounts in excess of arranged limits
• Accounts with a debit balances without arranged limits
• Expired facilities
• Accounts identified as irregular are developed with the respective Account Analyst to ensure that remedial action is taken to regularise the exposure and /or escalate them as per escalation procedure
• Propose remedial action in terms of irregular accounts to regularise. Suitable diary notes are to be kept to follow up on agreed actions. Assistance of responsible Account Analyst is to be enlisted where necessary.
• Maintain a diary system to ensure timely follow up and ensure that corrective action is taken and the account rectified as indicated.
• Proactively drive review process of existing facilities, ensuring consistent thorough and timely evaluation of all existing facilities.
• Communicate with branches to ensure regularisation of accounts
• Any other adhoc duties
• Ensure that the key measures to Johannesburg are completed at the agreed intervals

Qualifications
• Business related degree
• Banking experience, particularly pertaining to credit risk management, banking processes with regard to banking products and the operation thereof.
• Broad knowledge of applicable Acts and Bank Manuals.
• Energetic and with sound decision skills
• Must be able to work under pressure and remain focussed.
• Analytical with a tolerance for high volumes and problem absorption whilst detailed oriented.
• Thorough understanding of the bank’s products and facilities, and where the risks lie in these 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.
• Deep knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, legal processes, and the variety of lending mechanisms and types of collateral that may be used.
• Thorough understanding of relevant registration processes and various contingencies that may occur under exceptional conditions particularly pertaining to the assets of large corporate organisations.
• Understanding of the bank’s systems, policies and procedures in order to optimally draw on the available information to manage and control the post-credit granting processes.

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure
To apply follow this link https://www.standardbank.com/sbg/careers/apply/jobs/view-all-jobs/job-detail?jobID=105859&jobSite=EXTERNAL&jobLocale=en-us&utm_source=MyJobMag 

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