Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services. “Africa is our home, we drive her growth” Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value.
Risk Management: Understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bank
Manage the reporting obligations of the country Corporate Investment Banking (CIB), Business Support & Resolution (BS&R) team and provide support management to the country CIB recovery portfolio team.
To ensure that all Corporate Investment Banking (CIB), Business Support & Resolution (BS&R) reporting obligations are submitted in a timely manner.
Circulate and submit Corporate Investment Banking (CIB), Business Support & Resolution (BS&R) Reports to appropriate recipients.
Along with the relevant risk and business partners, assess clients/accounts in order to optimise the bank’s profitability and limit exposure over the short, medium and long-term.
To manage the administrative aspects for country Corporate Investment Banking (CIB), Business Support & Resolution (BS&R) – including all aspects of obtaining balances, managing, updating and maintaining information on all relevant systems; facility and legal documentation and default data base maintenance in terms of the SLA with Credit Analytics.
Follow up on risk grade changes and account closure processes.
Obtain information relating to Credit Bureau searches.
To develop a sound understanding of litigation and recovery matter management, in the context of the relevant Insolvency Act and Companies Act.
Ensure the security values are updated on relevant reports.
Interact with internal stakeholders to clarify requirements, resolve problems and set priorities.
Follow-up with liquidators and attorneys if and when the need arises.
To check the regulatory reports regarding liquidation and insolvency matters and meetings and to highlight portfolio names published to the BS&R team.
Business oriented solutions driven approach with acceptable risk as opposed to total risk minimisation approach.
Conduct and support Kenya CIB BS&R portfolio team with in-depth research on relevant accounts, using the applicable systems and tools available, applying banking, legal and credit knowledge where applicable.
To ensure the collation of all East African submission sheets (CIB and PBB) and ensuring they are shared with the BS&R team by business day 7. For the Kenyan CIB sheets, prepare the submissions and ensure that they contain accurate and current information. Invite relevant stakeholders to the Global and Regional Global Watchlist and NPL Committees.
Swift closing out of any audit findings.
Setting up Rapid Risk Reviews, regional East Africa Watchlist and NPL Committees sessions as well as ad-hoc NPL Committee sessions. Preparation of minutes on a timely basis.
Ensuring that insurance is in place for all collateral in the NPL portfolio.
Ensuring that the valuation reports are current as per the collateral policy in the NPL Portfolio.
Participation in the close monitoring forum and regional East Africa Watchlist and NPL Committee.
Running various provision scenarios to ensure that the right decision is made on the provision adequacy.
Running of the IFRS 9 NPL model to ensure that the provision held is accurate and adequate where requested by the relevant committee or internal stakeholders.
Monitor and implement payments from and to accounts where necessary.
Understand the requirements of the various Companies Acts and Central Bank Regulations.
Awareness of the Group Reference Guide (GRG); CIB Credit Policy and BS&R Mandate.
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 Watchlist and NPL Committee and implement decisions there from, as well as update the relevant schedule/s on a monthly basis. Also prepare minutes in respect of Kenyan names for the Global Committees within the required time.
Document and communicate relevant decisions to all relevant internal and external stakeholders.
Preparation of submission to the CIB Specific Debt Provisioning Forum, while ensuring internal, IFRS, and regulatory provisioning requirements are met.
Communicate provision numbers with Finance and Business Unit Heads.
Participate in industry initiatives from time to time
Preferred Qualification and Experience
Degree in Business Commerce or equivalent
3-4 Years in a similar role or equivalent
Demonstrates a clear understanding of the role BS&R should perform within CIB and the consequent reporting requirements.
Understands and manages strategic and operational risk including understanding and conforming to the relevant processes and procedures within BS&R and CIB.
Transaction experience preferable
Credit experience preferable. Keen interest in building a career in BS&R
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
Should be able to provide direction and strategic thinking where appropriate in relation to distressed and defaulted exposures. Sound business savvy and banking knowledge on the following: accounting and financial principles;general banking; corporate banking; and legal principles related to lending and collateral rights. And ability to translate and apply this knowledge to optimise positive outcomes
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