Role overview
What you'll be stepping into
To enable business growth while maintaining a robust wholesale credit risk control framework, managing post-sanction fulfilment activities including facility letter generation, limit management, excess management, covenants management and securities oversight.
To ensure portfolio quality is maintained by supporting both coverage and wholesale credit teams through continuous monitoring of borrowing names and producing/maintaining robust management information to report on adherence to sanction terms and conditions.
To provide comprehensive and regular reporting on all control and governance requirements
Job Description
Risk Management (60%)
Responsible for monitoring and control of the live portfolio to assure adherence to terms and conditions of sanction, identifying any areas within the portfolio that are cause for concern/potential cause for concern and communicating the same both up and down reporting lines.
Support Business growth (revenue and market share) by ensuring facility letter generation, limit set-up and disbursements are processed within agreed Credit and Business Service Level Agreements and in adherence to localised credit policies/standards and procedural guidelines.
Ensure that appropriate legal opinions, credit waiver/deferral approvals are held for all cases of document deficiency.
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 (security maintenance items, limits management, excess management, cash margin early and safe-to-lend draws, committed/uncommitted facilities and sanction conditions.
Provide oversight of review of excesses daily refer list to confirm that appropriate action has been undertaken by the relationship and markets teams on reportable and non-reportable excesses.
Manage covenants and conditions data with regards to integrity (capturing), notification, testing, flagging overdue and escalation of any breached covenants.
Work closely with internal legal team on 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.
Ensure robust and error-free management information as 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.
Periodically test Risk Control Unit Business Continuity plan (BCM).
Support Head of Risk Control Unit, Policy, Governance and Change in conducting User Acceptance Tests for new project rollouts.
Strictly adhere to Credit/RCU processes and procedures to ensure overall impairment and loan loss rates 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.
Provide input for the design and formulation of Wholesale Credit Policy (when required).
Manage the monitoring of syndicate loans (repayment of instalments, interest, conditions with the agent/participant banks)
Participate in the review of Wholesale Credit procedure manuals/maps and CPAs with the aim of enabling business, improving existing processes and controls.
Business Risk Partnership (20%)
Support the Credit Admin and Policy Manager in monitoring service and delivery in line with business needs.
Proactively contribute to embedding agreed change management initiatives in support of process and quality improvements, cost reductions and development of RCU staff.
Work in partnership with colleagues and proactively anticipate, respond to and seek to exceed the expectations of customers.
Maintain an interactive relationship with the Wholesale Credit Team and Business to ensure rectification of any prevailing credit issues.
Attend meetings with Corporate Credit Managers/Relationship Managers/Securities to ensure resolution of any credit risk issues.
Ensure a 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.
Ensure knowledge of RCU guidelines and enablement of best practice sharing across the Corporate Credit and Business stakeholders.
Jointly with Credit Manager’s and Relationship Manager’s, participate in customer visits to better understand their needs and improve of customer service.
Teamwork (20%)
Develop and maintain a close working relationship with Business, Wholesale Credit Risk and other functions.
Develop and maintain a database of management information to assist the monitoring and control at the business and individual portfolio level.
Attend all meetings relevant to the job and report on issues affecting team performance.
Participate, support and contribute to official and informal events conducted by the Wholesale Credit Risk Team.
Aid Wholesale Credit Risk Team as needed to ensure the achievement of business goals.
Preferred Education
Bachelor’s Degree or equivalent in a related field
Preferred Experience
3 years working experience in a similar role preferably in a financial institution
At least 1 year’s experience in governance and control function will be of added advantage
Education
Higher Diplomas: Business, Commerce and Management Studies (Required)
How to apply