Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.
Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
We are recruiting to fill the above position of:
Job Title: VAF Business /Personal Support Officer
Job ID: 12441
Position Description To ensure effective and efficient of issuance of offer letter, issuance of Lease Agreement and resolving of other issues on VAF deals. Assist in preparing Collateral documents against the supporting documents and articles held. Attending to all aspects relating to collateral documentation and routine related aspects for the Branches
Key Responsibilities Checks sanction/corresponding authority from Credit to ensure it complies with approved VAF product dynamics (Rate, Tenor, re-payment, Concession, Fees, etc). Preparation of offer letters and ensures that all the conditions precedents are captured for all approved facilities within turnaround times. Ensuring clients meet all the condition precedent to draw-down of the facility before issuing Authority to register. Follow up in getting registration papers from the bank’s approved vendors. Ensure papers are in the name of the bank and correctness of the data therein. Draw-up lease agreement according to the pattern of payment approved by credit evaluation. Issue Authority to release to the vendor through the RM and receipt of duly executed copy of Authority to release by the client. Scrutiny of collateral within acceptable timelines and standards. Follow up on queries pending.
Key Performance Measures Knowing exactly what details to look for and the importance of those details in the documents submitted as security and condition precedent and collection of well executed acceptance package from the Lessee will reduce going back and fort and improve turn around time which will boost the lessee’s rating on the bank’s professionalism. Keeping of adequate and faultless documentation assist the Bank with a sound fallback position in litigation. Preparation of Documents are to be 100% accurate
Key Dimensions of the Job Check and verify details on collateral preparation form and check sanction/corresponding authority from Credit Prepare documents accurately within turnaround times. Follow up on queries pending and Facility letters/loan agreements that have been issued and not returned with acceptance timeframe
.Required Skills and Qualifications
Knowledge
Cconversant with the VAF product parameters. Tertiary related qualification Understanding of the bank’s products and facilities. Understands the terms of the facilities, and the conditions that will need to be compiled with over the duration of the facility’s life to ensure that legal risk is effectively restricted. Knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, and the variety of lending mechanisms and types of collateral that may be used. Understanding of relevant registration processes. Understanding of the bank’s internal controls and processes, specifically relating to the drafting, execution, management and custody of all facility letters / loan agreements / collateral documentation. Computer literacy, legal drafting skills, risk management ability and problem solving Deep and vast experience in Leasing with a bias to the leasing Law and practices in the country of operation.
Experience Preferable to have banking experience, particularly pertaining to banking processes with regard to collateral documentation and the operation thereof.
Required Competencies
Competencies
Articulate and perceptive. Listens to other people, and clarifies their understanding of the issues. Defines requirements concisely and unambiguously, while pitching the conversation at the right level for the hearer. Works well with other contributors to the business process by sharing information and involving their input. Handles potential conflict situations tactfully, with respect for other parties involved, and fosters a climate of co-operation and trust. Work Pressure/Stress Remains organised and apply sound judgement, and keeps developing relationships whilst under pressure. Attention to Detail Maintains attention to detail across the whole scope of work, and selectively focuses energy on most relevant and impactful issues. Strives for high degree of accuracy. Follow Through Ensures that appropriate quality is delivered on time, and later evaluates the effectiveness of the initiative. Technical Competence Demonstrates the willingness and capacity to acquire the necessary level of technical competence/knowledge for the job. Customer Orientation Identifies and responds to customer needs, (e.g. Wholesale Banking, Credit Evaluation, etc) delivering high service relevant to the business’ strategy and operating conditions. Positiveness and Energy Achieves results through enthusiasm, energy and personal commitment. Always matches self against required standards of performance. Maintains effectiveness over extended periods of time. Future Orientation Forward thinking and constantly strives to find better ways of doing things
Application Closing Date
9th October, 2013
Method of Application
Interested and qualified candidates should:
Click here to apply online
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