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\nJob Summary<\/p>\n
To Lead, Manage and Support RCU Team for ensuring efficient Limits management and Monitoring & Control to the entire Commercial Banking portfolio.
\nJob Description
\n\u00a0
\nMain accountabilities and approximate time split<\/p>\n
Team Leadership (10% to 30%)
\nResponsibilities
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Develop highly motivated team maintaining excellent relationships with own team and wider team to ensure achievement of business goals.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Provide leadership to the limits management and the monitoring and control team within the Risk Control Unit (RCU) in line with the Team\u2019s overall strategy.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Help identify training needs and provide coaching to all members of the RCU to improve performance.<\/p>\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Act as a role model and drive proactive application of Absa Values and Behaviours throughout the team.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Work closely with the Relationship team and Credit team (Corporate Credit Managers \u2013 CCMs) to ensure effective management of day to day staff resources to ensure that procedures and processes are followed as per RCU standard operating manual, that appropriate support is provided to the RMs and CCMs and that added value is provided where possible.
\n\u00a7\u00a0 Take responsibility for Succession Planning for the RCU to include identification of new recruits and the recruitment & selection process.
\n\u00a0
\n\u00a0Risk Management (60-70%)<\/p>\n
Responsible for monitoring & control of Corporate live portfolio to assure adherence terms & conditions of sanctions identifying any areas within the portfolio that are cause for concern \/ potential cause for concern. Communication both up and down the reporting lines.<\/p>\n
\u00d8\u00a0 Limits Managements E2E process
\n\u00d8\u00a0 Excess monitoring and risk reports management
\n\u00d8\u00a0 Covenants management\/monitoring E2E process
\n\u00d8\u00a0 Post Disbursement process
\n\u00d8\u00a0 Tracking completeness of all conditions as per sanction terms
\n\u00d8\u00a0 Maintenance of robust and fully updated and automated database
\n\u00d8\u00a0 Monitoring and management of Arena Credit Limits<\/p>\n
Act as a source of technical excellence and point of reference in relation to limits & monitoring and control activities for the CCMs, RMs and RCU.
\nManage the maintenance \/ improvement of the administration quality of the portfolio (as detailed in the RCU operating\/process manual).
\nMaintain interactive relationship with CCMs and RMs to ensure rectifying the outstanding issues.
\nQuarterly review of the Corporate Credit Key Risks and their mitigating controls by way of RCSA testing and guidelines.
\nOwn and monitor the achievement of agreed targets for risk performance measures by the RCU team taking corrective action where applicable.
\nResponsible for the rectification & documentation of any recommendations arising out of Audit\/Assurance, Conformance and Central Bank examination reports on the Credit Risk.
\nEnsure RCU have the resources required to enable compliance with any external \/ internal regulations regarding Credit Risk.
\nSystem Sampling: On a quarterly basis select a sample of minimum 50 accounts to review all limits and disbursements in the system are per the latest sanction to ensure perfection.
\nManage production and review of Financial Covenant Monitoring tool (Post Sanction fulfilments Tool) detailing outstanding issues regards covenant breaches etc.
\nManaging and reviewing of the Daily Refer List to ensure excesses have been approved and appropriately diarized to check clearance.
\nImprove quality of audits. Will be supporting the RCU head as point of contact for both internal and external auditors.
\nManagement of maintenance, review & follow up of a complete automated Diary System detailing deficiency & deferrals\/loans repayment dates\/ excesses clearance dates\/dated securities & covenants.
\nManagement of the Financial Covenant and Internal Risk Trigger Monitoring systems\/data in regards to its integrity of capturing, advising and escalation of overdue and failed \/ breached covenants.
\nTracking of issues raised in a weekly tracker circulated by Documentation and Securities Centre.
\nMonitoring and control of excesses and violation on Arena Credit Limits.
\nSupporting RMs and Treasury in making sure capital guarantees are in place for the exposures that breach single borrower\u2019s limits, which includes preparation of guarantee application and guarantee wording.<\/p>\n
Business Risk Partnership (15 \u2013 20%)<\/p>\n
Ensure a consistent quality of service to RCU stakeholders.
\nWork in partnership with CCMs and RMs on new and existing customers to ensure perfect limits loading & monitoring according to sanction requirements.
\nWork in partnership with colleagues and proactively anticipate, respond to and seek to exceed the expectations of customers.
\nAttend meetings with the CCMs\/ RMs or Operations if problem related issues are to be discussed \/ need to be resolved.<\/p>\n
Team Working (10 \u2013 15%)
\nResponsibilities:<\/p>\n
Develop and maintain a close working relationship with Relationship Managers, Credit Managers and Services and Delivery Area.
\nSupport the Head of RCU in delivering effective PDs for individuals within the team
\nOwner of the RCU Post Sanction fulfilment Tool and its relative\u00a0monthly\/quarterly\/annual\u00a0reporting.
\nParticipate & encourage team in team activities, social occasions and community drives<\/p>\n
Risk and Controls Objectives
\nEnsure that all activities and duties are carried out in full compliance with regulatory requirements, Absa Operational Risk Framework and internal Absa Policies and Standards
\n\u00a0
\nManage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Understanding of own role in the end to end processes in which you play a part, including applicable risks and controls.<\/p>\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Adhere to Absa\u2019s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Report all risk events \/ incidents \/ issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Continuous and proactive engagement with regulatory bodies, unions where applicable
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 All mandatory training completed to deadline
\n\u00a0
\nTechnical skills \/ Competencies<\/p>\n
Leadership
\nPeople & Performance\u00a0 management
\nWorkflow management
\nStrong analytical skills
\nHigh level of numeracy to evaluate complex statistical financial information
\nInterpersonal & People management, team building and Leadership skills
\nCommunication including negotiation skills & presentation
\nTime Management
\nJudgment & decision making
\nSkills Strategic thinking<\/p>\n
KEY ISSUES OVER THE NEXT 12 \u2013 24 MONTHS<\/p>\n
\u00a0Setting up and organizing all RCU activities as per the new structure and process for Risk Control Unit.
\nChampioning the RCU transformation Project across the team(s) and its importance to\u00a0 interdependent departments<\/p>\n
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\nAbsa Values<\/p>\n
Absa\u2019s\u00a0 Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
\n\u00b7\u00a0\u00a0 Trust<\/p>\n
\u00b7\u00a0\u00a0 Resourceful
\n\u00b7\u00a0\u00a0 Stewardship
\n\u00b7\u00a0\u00a0 Inclusive<\/p>\n
\u00b7\u00a0 Courage
\n\u00a0<\/p>\n
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\n\u00a0
\nEducation<\/p>\n
\u00a0
\nHigher Diplomas: Business, Commerce and Management Studies (Required)
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