Officer Collateral Re-advertised
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
Ensure that the Bank’s needs to provide adequate controls over the risks encountered in the post-credit granting stage of the credit process are satisfied by ensuring the appropriateness, consistency, validity and enforceability of all collateral confirming that all collateral and legal documentation in respect of business banking facilities and advances granted have been obtained are in legal order and properly housed.
- To check details on collateral preparation form with corresponding sanction/authority from Credit.
- To prepare collateral documents accurately within turnaround times, in terms of the Bank’s and other legal requirements, whilst maintaining excellent service to internal customers.
- Ensure that only external advocates as approved by the bank are used when preparing and registering collateral.
- To maintain a diary monitoring the status of registration of securities and take-over instructions.
Provide a prompt and orderly turnaround environment in which controls can be exercised to ensure the Bank is not faced with avoidable losses.
- To recommend draw down of facilities once satisfied that all terms and conditions of sanction and/or covenants that required action prior to drawdown have been met and all required security has been obtained and is perfected and in order.
- To follow up on all post drawdown terms and conditions of sanction and/or covenants.
- Ensure compliance with all relevant laws, regulations, guidelines and the bank’s policies and procedures.
- Ensure that follow up is done on required collateral, current and sufficient insurance cover, current valuations, renewal of insurance cover etc.
- Ensure that all collateral documentation lodged for safekeeping have been scrutinised by the relevant authority and confirmed to be in legal order.
- Ensure that all required collateral documentation are handed over to the collateral recordal team for recording and safe custody.
- Ensure that all relevant reports are submitted on the due dates and actioned accordingly.
- Ensure that the release and disposal of any facilities letters/loan agreements/collateral documentation have been authorised by the relevant authority.
- Address all shortcomings highlighted in both internal and external audits.
- DailyPrepare facility letters, letters of intent, letters of offer and any other collateral documents
- Send instructions to external service providers with respect to perfection of securities.
- Follow up outstanding terms and conditions of sanction and/or covenants.
- Follow up on outstanding insurance and valuation reports.
- WeeklyProvides report on facility letters/loan agreements issued and returned
- MonthlyProvide all reports required to be sent to business
- Any other duty that may be assigned from time to time
- Satisfaction from all business units of high quality business support.
- Improved performance ratings.
- Improved/satisfactory audit ratings.
- No financial losses incurred as a result of collateral lapses.
- Efficient end to end collateral process.
KEY PERFORMANCE MEASURES
- Legally robust documentation implemented to ensure relevance, enforceability and mitigation of risk.
- Efficient end to end collateral process and reduced turnaround time on disbursements
- Systematic follow up and successful results for outstanding post draw down conditions.
- Proper control and housing of all collateral documents
- Timely communication and query response to customers and branches
- Co-operative relationship with various participants in the credit documentation processes.
- Head, Credit PB
- Head, Credit CIB
- Head, Credit BB
- Manager, Credit Legal
- Business units – Branch Managers, Relationship Managers, Customer Consultants, Home Loan Business Support Team, VAF business support.
Preferred Qualification and Experience
- Degree in Law
- Good knowledge of the bank’s internal processes and requirements with regard to security documentation and credit processes, specifically relating the custody of all facility letters/loan agreements/collateral documentation.
- Knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, legal processes, and the variety of collateral that may be used.
MODE OF APPLICATION
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About Standard Bank Group - Re-advertised
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. This sets the primary goals and standard of excellence we intend to achieve in the medium term. With a heritage of over 150 years, we have an on-the-ground presence in 20 countries in subâ€‘Saharan Africa; fit-for-purpose representation outside Africa; and a strategic partnership with the Industrial and Commercial Bank of China (ICBC). In line with the realities of risk, regulation, technology and competition that characterise our operating context, we continue to invest significantly in our diversified operations; our people and culture; our systems and infrastructure; and our brand. In doing so, we understand that our commercial success and social relevance over the long term depends on placing our clients at the centre of everything we do, and ensures that the outcomes of our activities are a catalyst for growth on this continent we call home. The long-term foreign currency ratings for The Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are: Fitch Ratings BBB- (negative), Moody’s Baa2 (negative) and Standard & Poor’s BBB- (negative). The group is listed on the JSE Limited, share code SBK, and the Namibian Stock Exchange, share code SNB. The largest bank in the world, ICBC, is a 20.1% shareholder in the group. Other than the 20.1% ICBC shareholding, 32.9% of Standard Bank’s shareholder base is foreign. We subscribe to the Code of Banking Practice, a set of principles governing banking in South Africa and ensuring the highest standards of professionalism, integrity and fairness.