Job Description

To lead the collateral management team in managing the Bank's collateral/security value chain, collaborate with third party agents, train stakeholders and provide legal advise on securities while maximising return on capital employed within an acceptable level of risk in terms of the Bank's credit appetiteEstablish, align and manage target and budget goals whilst ensuring effective control of costs for a range of functional areas to increase cost efficiency.Manage costs by prevention of any losses due to imperfect collateral, match amount of collateral versus value of actual security.Deliver exceptional service that exceeds customers’ expectations through proactive, innovative and appropriate solutions.Develop a new service credit system culture which builds rewarding relationships, proposes innovations and allows others to provide exceptional client service by using the credit system effectivelyProvide consultative support to the Credit and Relationship function by resolving queries relating to facility letter, loan agreements, collateral and general non-standard legal queries.Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project managers and senior staff members.Deal with all Business partner related enquiries and complaints in a professional manner as specified in the Service Level Agreement.Proactive supervision of people to avoid customer breakdown by managing and resolving all customer queries efficiently, and within agreed timelines.Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders.Vetting of any changes/amendments to standard collateral documents and or resolutions, establishing risk factors and thereafter authorizing any proposed changes or amendments.Monitor and check to provide an accurate summary of currently held collateral to inform the relevant Business Manager or analyst of what is kept on file.Scrutinize correctness of currently held Security documents as per latest approved limit, check if all supporting documents are in place (e.g. Marital Status letters, ID documents, Company/CC Documents, Fire Cover confirmations, Valuation reports) to ensure Collateral held complies with the requirements of the Limit Proposals.Monitor and check to ensure that all incorrect documents are redrafted and ensure that the new required “proposed” Security documents are drafted according to the requirements of the approved limit.Monitor and check the correctness of Facility Letters and Loan Agreements drafted as these documents form part of the legal agreement between the Bank and the client for credit facilities granted.Monitor, verify and check that correct instructions are forwarded to the attorneys for Bond registrations and or cancellations and verify and check that correct instructions are forwarded to other Financial Institutions for noting FNB’s interest on respective documents.Assume accountability for the efficient and timeous functioning of the safekeeping / project / bonds / Insurance teams and other operation matters in his/her region in the Governance and Collateral department.Develop and continuously monitor the formalisation of the team’s document preparation, checking and record-keeping processes.Provision of an efficient administration service through careful and timeous planning, reporting and updating of all related information.Ensure that closed accounts, incoming and outgoing documents are adequately transferred, migrated and rendered obsolete.Manage security documentation and limit management for FNB Clients by ensuring the accuracy of security documents (facility letters and collateral documentation and maintaining proper limit management processes for FNB Clients).Manages the confirmation on perfected collateral to Business Managers to eliminate any risks to the Bank on payout of funds.Monitor changes in legislation, regulations, initiatives and relevant industry practices. Ensure drafting and implementation of appropriate interventions.Comply with governance in terms of legislative and audit requirements.Check to ensure the capturing of information pertaining to bonded propertyLiaise with internal auditors to ensure all procedures are met, and follow up on audit findings, ensure audit findings are addressed accordingly and are being enforced in the future.Track, control and influence activities with the specific aim to increase and improve operational efficiencies.Maintaining the tracking system to ensure drafted collateral documents are returned correctly from the various Business Units and constantly following up on outstanding documents to minimize time limits and risk constraints.Collate monthly statistics on documents drafted and received to provide thorough breakdown of total high risk documents outstanding against the number of days outstanding.Monitor the team’s diary and tracking systems and spreadsheets and provide regular feedback to Manager Legal and Credit Risk.Monitor and evaluate the progress of the team’s processes, keeping reports and statistics thereof and providing feedback to Manager Legal and Credit Risk.Collate, manage and report on daily/weekly/monthly operational progress as aligned to strategic objectives.Custody over vault and monitoring of alarm system to ensure safe guarding of security documents.Actively take on additional responsibilities as and when required by the team to support the delivery of excellent customer service.Ensure appropriate skilling and adequate capacity of team members for the adherence to operational and service standards.Manage performance, skills development, employment equity, talent and culture of team in order to improve innovation, achieve efficiencies and increase competencies.Contributes to the recruitment of team members and ensure well skilled and experienced people are hired in equity compliant way and in accordance with agreed procedures.Manage personal and Team Management development to increase own skills and competencies for the Team Leader function and future Managerial growth opportunities.

Qualifications, Experience & Knowledge:

Any relevant business degree. LLB/Records management will be an added advantage.

Minimum of 5-10 years’ experience in Banking; Credit and Collateral management.

Knowledge of Credit Products and processes; Credit Risk management and compliance.

Competencies Required

Judgement and decision- making – be agile and have ability to make quick, fair, and logical decisions.Be results driven, proactive and have ability to set demanding goals.Ability to build strategic relationships and develop a wide network of internal/external connections to accomplish set goals.Business acumen to develop robust and efficient processes to meet business demands.Financial acumen to read, analyze, forecast, and draw meaningful interpretation of financial data & reports and put appropriate mitigants for prudent financial management.General understanding of Risk types- possess technical and professional skills across a range of risks, and their interdependencies.People development and management to build cohesive teams to produce desired results.

Skills required.

Good written and verbal communication

Good Interpersonal, communications and presentation skills

Integrity and good ethical conduct

Problem solving and conflict resolution.

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
 

28/01/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.