Latest Recruitment at Standard Bank Group

Job Purpose

To implement FCC Policies, Standards and Procedures. To support with implementation of the FCC Strategy. To provide specialist FCC related guidance and advice to the business stakeholders. To identify and address FCC specific awareness and training needs which is essential to assure that the Bank is conducting business in a compliant manner to avoid operational losses, fines, penalties, or reputational damage.

Key Responsibilities

Support Senior Manager, FCC/MLRO with the following:

• Completion of the FCC regulatory universe and risk management plans
• Change management activities – implementation and maintenance of AML/CFT solutions.
• Product risk assessments and new product approvals – support the business as the subject matter expert and liaison with Group Financial Crime Compliance on product risk assessment governance and approvals.
• Enterprise-wide risk assessments including Bank, SBGS and SBIL (aligned with new regulatory requirements) covering money laundering, terrorism financing, proliferation financing, anti-bribery and corruption (ABC) and prevention of facilitation of tax evasion (PFTE) 
• Regulatory reporting - Effective and timely suspicious transactions reports (STRs) and cash transaction reports (CTR) and AML/CFT/CPF risk returns reporting as delegated by the MLRO/ Senior FCC Manager
• Strategic risk-based reviews and deep dives including the CDD review workstream.
• Regulatory engagements – support in driving strategic engagements with the Financial Reporting Centre and participate in CBK/SARB inspections and Group Internal Audit reviews.
• Oversight of 1st line FCC activities e.g., KYC compliance
• Ensuring that all FCC work trackers/databases are accurately updated with required information for management generation.

Work with Fintech and Correspondent banking partners to ensure thorough KYC and CDD controls are in place

• Work closely with client facing stakeholders to identify, investigate, manage and/or remediate correspondent banking financial crime risks originating from and/or impacting Correspondent Banking business and partners.
• Support the ongoing oversight of financial crime risk controls in Correspondent Banking business to determine their adequacy and propose appropriate enhancements to existing controls, and any new controls being developed, to align with industry best practices and regulatory expectations.
• Participate in the annual due diligence refresh Compliance review calls and ensure timely responses to due diligence questionnaires and requests for information.

Produce and prepare monthly reports and statistics information

• Responsible to keep statistics of all work received, processed and reported by the team.
• Provide monthly reports on the team’s performance, challenges and productivity.  Contribute towards the monthly governance reports report.
• Derive actionable and sustainable conclusions from trends analysis, provide recommendations and assist in execution.
• Review and/or contribute on the presentation of insights back to executive leaders / business partners to drive strategic improvement.
• Escalate reports / client risk notifications for significant matters that are to be referred to senior management and/or business.

Embed and oversee the adherence to approved end to end processes and working instructions for the day-to-day operations of the FCC team

• When appropriate, or required, contribute towards the development and implementation of new processes or working instructions for operational procedures conducted in the FCC.
• Regularly review existing policies, processes and systems to identify gaps and potential efficiencies and refer these to Senior Manager, FCC/MLRO.
• Oversee the adherence to documented processes by the team.
• Ensure that the escalations framework is implemented and effective by exercising the appropriate oversight.
• Regularly review existing system access and new systems that may be required.
• Be the centre of intelligence on researching new typologies and engage with management on trend changes in the industry and FCC.
• Participate, where required, in any projects relating to FCC operations.
• Participate in any project testing required.

• Attend meetings and provide required input that add operational value.

Enhance knowledge bank wide by providing training where necessary and required.

• Identify bank staffs FCC training needs and provide training.
• Conducting deep dives and trend analysis of internal risk events (SARS/Court-Orders/Exits and Payment breaches) for MI and training.
• Participate in the success of the branch awareness training.
• Stay abreast of relevant trends and typologies to utilise this information to inform the Framework, to create awareness around new modus operandi and to identify potential risks. 

Qualifications

Minimum Qualifications

• Type of Qualification: First Degree
• Field of Study: Banking/Business/Commerce 

Other Qualifications 

Professional course in Money Laundering e.g., Certified Anti-Money Laundering Specialist (CAMS), International Compliance association (ICA) and equivalent

Experience Required
Regulatory Services

• Compliance
• 7-10 years
• In AML, KYC and Enhanced Due Diligence experience. Good working knowledge and understanding of Forensics, Fraud and/or Money Laundering Legislation would be an advantage
• Good working knowledge of the banking environment, systems and procedures

Additional Information

Behavioral Competencies:

• Articulating Information
• Challenging Ideas
• Checking Details
• Convincing People
• Generating Ideas
• Interacting with People
• Making Decisions
• Meeting Timescales
• Providing Insights
• Team Working
• Thinking Positively
• Upholding Standards

Technical Competencies:

• Compliance
• Evaluating Risk Management Effectiveness
• Financial Industry Regulatory Framework
• Promote Good Governance, Risk & Control
• Requirements Risk Management
• Risk Management

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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

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Job Description

To design and build fit-for-purpose product solutions for an allocated set of Business and Commercial Banking products (e.g. Transactional / Liabilities Products; Secured/Unsecured Lending; VAF; Trade or Merchant Solutions) in alignment with Business Solutioning and country strategies. To implement localized product features/solutions designed in line with the required standards, toolbox, processing standards and risk framework.

Job Requirement:

• Designs and build fit-for-purpose products as delegated by Business Solutioning
• To drive utilization and commercialization of Solutions and Customer Value Propositions.
• Work together with the Business Heads in ensuring strict adherence of Internal procedures and processes; controls as well as other Governance standards
• Develops in country specific products as derived from client insights, in consultation with Business Solutioning (Domain)
• Implements the localised product standards, the overall business solutioning strategy, product toolbox, product processing standards and product risk framework.
• Provides input on toolbox development for consumption by other countries where common benefit could be derived, as approved by Business Solutioning
• Adheres to the standard operating model blueprint for products in country and seeks approval for any customisation.
• Adheres to the digitisation framework as defined by Business and Commercial Banking and enhances for local nuances with approval.
• Adheres to the the Group Credit and Operational Risk standards.
• Owns client journeys product solutions development as delegated by Business Solutioning (Domain)
• Provides input into the development of client value propositions.
• Stays abreast of market and competitive developments in order to define and evolve innovative and value-added services to clients across all segments.
• Works with domains i.e. Business Solutioning and Business Enablement to identify, design and deliver fit-for-purpose client centric product solutions.
• Implements pricing models as prescribed by Business Solutioning and alerts relevant stakeholders of any pricing decisions that could compromise financial objectives and propose relevant remediation actions.
• Executes, tracks and reports on product economics (including pricing and margin frameworks); in the event of under-performance, defines and implements remedial actions.
• Checks that the product business drivers are accurately reflected in the target setting process to achieve the overall Headline Earnings targets per product at a client grouping level across country.
• Drives the overall product profitability and ROE as set by the financial objectives.
• Reports on allocated product performance in country and undertakes remedial actions to ensure financial outcomes realization.
• Monitors the accuracy and completeness of the product results and drives remediation actions.
• Implements financial and non-financial metrics (e.g. number of client defaults, net promoter score, branch network footprint, etc.).
• Identifies and optimises profit opportunities for Product through the relevant risk/reward trade-offs.
• Adheres to Group Credit and Operational Risk standards.

Qualifications

Minimum Qualifications

• Type of Qualification: First Degree
• Field of Study: Business Commerce

Experience Required
Business Solutions

• Business & Commercial Banking
• 3-4 years
• Experience in interpretation and practicing integrated product, financial and risk management principles. Exposure to process re-engineering and change management. Experience with management of financial objectives, both value creation and cost reduction. Experience in managing Return on Equity (ROE) targets taking into account profitability measures and capital.
• 3-4 years
• Experience in the design, development, scaling, entrenchment and commercialisation of (banking) products and services (including digital) in country. Understanding of clients, partners and markets gained from industry experience.

Additional Information

Behavioral Competencies:

• Developing Strategies
• Embracing Change
• Empowering Individuals
• Establishing Rapport
• Generating Ideas
• Making Decisions
• Producing Output
• Pursuing Goals
• Showing Composure
• Taking Action
• Understanding People
• Valuing Individuals

Technical Competencies:

• Economic Capital Management
• Risk Reporting
• Risk Response Strategy
• Risk/ Reward Thinking