Role overview
What you'll be stepping into
The Collateral Monitoring Unit Officer will be responsible for ensuring that the Bank maintains adequate controls over risks encountered during the pre- and post-credit granting stages of Trade Finance credit processes.
The role involves verifying key documentation, maintaining effective control over physical stock and inventory counts, conducting warehouse inspections, and monitoring key distributors in line with approved parameters and credit sanctions.
Key Responsibilities
Identify and highlight Trade Finance product risks to the CMU Manager.
Assist with comprehensive and robust monitoring, stock counts, and other CMU-related activities for customers in line with approved credit sanctions and applicable distributorship schemes.
Assist in conducting periodic and ad hoc unannounced visits and spot checks to assess client operations.
Prepare comprehensive status reports following client visits, as required under approved sanctions, including identification of potential structural weaknesses within client operations.
Review Credit Risk Reports, including Damaged Control Reports (DCR), Monitoring & Watchlist reports, and Covenant Trackers, and highlight potential risks or early warning signs of financial stress to the CMU Manager.
Support liaison with external agents, including warehousing and collateral agents, on behalf of the Bank.
Act as a checker of external agents’ activities to ensure compliance with executed service agreements and ensure that appropriate reports are provided.
Assist in providing guidance and input on all Trade Finance deal applications across products before submission to Credit Evaluation Managers.
Simultaneously validate customer-provided information and supporting documentation to ensure accuracy and completeness.
Verify documents and information as delegated by the CMU Manager or as required by Credit Evaluation Managers through Credit Sanctions, ensuring completion within the approved turnaround time.
Maintain close and effective working relationships with internal and external service providers, as well as relevant internal stakeholders.
Support and drive effective people management and administrative practices.
Qualifications and Experience
Bachelor’s degree in Finance, Economics, Commerce, Accounting, or a related Agricultural discipline.
Professional certification or accreditation in Credit, Risk Management, or another relevant business-related field will be an added advantage.
Minimum of three (3) years’ experience in credit management, covering various lending products and customer segments.
Sound knowledge and understanding of financial statement analysis, repayment structures, risk reporting, and collections processes within a banking environment.
Demonstrated understanding of the legal and regulatory frameworks governing lending and collateral management.
Strong analytical and risk-assessment skills.
Technical Competencies
Risk Principles
Legal Principles
Credit Granting
Credit Processes
Customer and Client-Focused Innovation
Purposeful Collaboration
Compliance
Behavioural Competencies
Analysing Solutions
Making Decisions
Interpreting Data
Providing Insights
Teamworking
Articulating Information
Adopting Practical Approaches
How to apply