Officer Collateral at Standard Bank Group

Job Details

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

Job Purpose

• Attending to all aspects relating to collateral documentation and, more particularly, capturing and releasing of all collateral documentation on Model Bank System
• Maintain and monitor diary system to follow up on collateral conditions of sanction and outstanding collateral items

Key Responsibilities/Accountabilities

• Prepare receipts for inward collateral to business as required
• Attend to all logging in of collateral documentation on Model Bank System
• Attend to amendments on Model Bank System
• Attend to temporary and permanent logging out of Collateral documentation on Model Bank System
• Ensure that documents are to be lodged within agreed turnaround times
• To attend to and investigate collateral queries’ and concerns for all customers
• Provide all reports required for the collateral confirmation to be sent to business and the credit team
• Daily
  • Receives and records all collateral documents in the relevant logbooks
  • Capturing and releasing of all collateral documentation on Model Bank system
  • Accurate Filing and Maintaining of Collateral Documentation in Safe Custody
  • Update Collateral system for new collateral logged in and for all collateral released
• Weekly
  • Submit key measures to Johannesburg
• Monthly
  • Collate all reports and logbooks for supervisor to check
  • Any other duty that may be assigned from time to time

SUCCESS INDICATORS

• 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

• Recording of documents are to be 100% accurate
• Documents are to be filed within agreed turnaround times
• Files/records to be kept up to date and to hand at all times
• Timely communication and query response to customers and branches

IMPORTANT RELATIONSHIPS

Business units – Branch Managers, Relationship Managers, Customer Consultants, Business Bankers

• Head, Credit CIB
• Head, Credit PB
• Head, Credit BB
• Manager, Credit Legal

Preferred Qualification and Experience

• Business Related Degree preferable.

Knowledge/Technical Skills/Expertise

• 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.