Manager, Collateral Monitoring Unit at Standard Bank Group

Job Purpose 

• Ensure that the Bank’s need to provide adequate controls over the risks encountered in the pre- and post-credit granting stage of the credit process are satisfied by:
• Ensuring a proactive CMU function exists as it pertains to enforcing lending covenants and proactive portfolio management.
• Verifying key documents and maintaining tight control over physical stock counts, warehousing inspection, and monitoring key distributors in line with approved parameters.
• The delivery of a professional service to the business units based on sound  principles which supports the minimising of risk to the bank.

Key Responsibilities

Product

• Validate the accuracy and completeness of bills of quantities, drawings, construction contracts and related documentation provided for building loans.
• Monitor construction projects from start to finish, monitoring progress according to predetermined schedules.
• Liaise with all parties involved in construction projects including Architects, Quantity Surveyors, Engineers, Project Managers & Contractors.
• Periodic inspections of construction sites and preparation of site visit & loan monitoring call report.
• Undertake a comprehensive and robust monitoring, stock count and other activities of customers related to CMU in line with approved sanction and various distributorship schemes.
• Undertake periodic and ad-hoc visits / spot checks to review clients’ operations and provide a comprehensive status report as stated in approved sanctions, which must include identification of potential structural weakness in clients’ operations.
• Liaise with external agents, e.g., warehousing/collateral agents etc. on behalf of the Bank and act as a checker on their activities in line with executed service agreements. Reports will be duly provided for such activities.
• Provide guidance and input in applications requiring monitoring from CMU prior to submission to Credit while simultaneously proceeding with validation of information and documentation provided by the customer.
• Ensure CMU SharePoint is updated with relevant reports and documentation as required by centre.
• Track collections from key distributors under the various approved schemes to forestall any possible diversion of sales proceeds.
• Authorisation of funds transfer from collection accounts to client’s current accounts.
• Review account performance vis-a-vis terms and conditions of approval and ensure strict adherence.
• Verify documents and information in day-to-day work as delegated by Account Management or Credit Evaluation in line with approved turnaround time.
• Diarise and follow up on conditions of sanction/covenants as relates to the CMU function.
• Refer/escalate / flag up problematic or irregular accounts (inappropriate payment patterns, failure to meet specific covenants etc.) to Credit Evaluation and Account Management for inclusion in monthly watch list.
• Maintain a proper monitoring system and ensure that the data set is complete and accurate.
• Design reports that address the tracking and measurement of agreed account performance criteria.
• Co-ordinate monthly transaction status report to Management.
• Confirmation of invoices and contracts being financed under Invoice Discounting and Contract Financing.
• Review and approve Trade Loan Facilities submitted for drawdown.
• Manage debtors and creditors in need where the bank has carried out Contract financing.
• Establish and maintain close working relationships with internal and external service providers.
• Ensure adherence and compliance to all policies, processes, and procedures.
• Participate in knowledge sharing within the credit and business teams.
• Control the adherence to the service level agreement for internal and external processes where applicable.
• Build relationships with business bankers and relationship managers to improve structured transactions, business proposals and turnaround time on drawdowns.
• Attend meetings with and maintain regular contact with front office/product areas to build good working relationships.
• Monitor and control the quality of designated portfolio using conditions of sanction and other covenants/conditions.
• Act on continuous improvement relating to design and continuously improving  existing and new business processes.
• Any other roles or tasks to be assigned by Head, Account Management & Collateral.

Risk, Regulatory, Prudential & Compliance

• Affirm that group governance standards are effectively embedded resulting in clean CRR, Audit & CART findings.
• Implement month Manco checks and continuously develop them in line with emerging risk areas.
• Maintain adherence and compliance to all policies, processes, and procedures.
• Act on the implementation and adoption within CMU of all compliance, anti-money laundering and sanctions related requirements contained in policies procedures and processes. This includes monitoring and identifying any material compliance related breaches and escalating them to the compliance officer.
• Check compliance with covenants and escalate them to the right DA.
• Detect early warning signals impacting the portfolio.
• Play a role in supporting PPB & BCB Credit Risk agenda.

People

• Give clear direction to the activities of the team members with regular feedback and support.
• Facilitate the development of staff and provide opportunities for their growth and contribute to the effectiveness of the team.
• Oversee all reports from the CMU team prior to onward forwarding to management.
• Ensure that the CMU team is effectively staffed and motivated.

Client

• Proactively stance on individual portfolio allocation by active level of dialogue with front office/CEMs to ensure risk considerations are part of business strategy.

Data

• Maintain that relevant reports are produced in an accurate and timely manner.
• Daily review of reports and highlighting anomalies within assigned portfolios.
• Obtain information directly and indirectly from appropriate counterparties necessary to check covenants.
• Implement research, analysis and data management from varied sources aimed at pre-emptying risks on the credit portfolio.

Qualifications

Knowledge

• First degree in Building Economics, Quantity Surveying or equivalent, including valid regulator accreditation.
• Sound knowledge and understanding of credit criteria, credit policies, risk and financial analysis, credit control and the application thereof
• Thorough working knowledge of the operating system and its related procedures, for analysing the account behaviour of clients 
• Thorough understanding of all the bank’s product and facilities that give rise to counterparty credit risk
• Understanding terms of the facilities and any conditions and covenants that will need to be complied with over the duration of the facility’s life
•  Understanding of the bank’s systems, policies, and procedures to optimally draw on the available information to manage and control the post-credit granting processes

Experience

5-7 years experience in:- 

• Banking, particularly pertaining to credit risk management, banking processes regarding banking products and the operation thereof
• Energetic and with sound decision skills
• Must be able to work under pressure and remain focused
• Analytical with a tolerance for high volumes and problem absorption whilst detailed oriented.
• Previous management experience

Additional Information

Behavioral Competencies:

• Articulating Information
• Directing People
• Empowering Individuals
• Examining Information
• Making Decisions
• Managing Tasks
• Providing Insights
• Resolving Conflict
• Taking Action
• Team Working
• Understanding People
• Upholding Standards

Technical Competencies:

• Client Servicing
• Compliance
• International Market Knowledge
• IT Systems
• Local Market Knowledge
• Query Resolution
• Risk Reporting
• Root Cause Analysis