Overview
- 58221
- Banking
- Tanzania
- Dar es Salaam Region
- Dar es Salaam
Job Details
Credit Department
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 verifying key documents and maintaining tight control over approved running facilities, warehousing inspection and monitoring key distributors in line with approved parameters.
Key Responsibilities/Accountabilities
- Undertaking a comprehensive and robust monitoring, stock count and other activities of customers related to CMU in line with approved sanction.
- Undertaking periodic and ad-hoc visits / spot checks to review clients' operations and provide a comprehensive status report where operations are not running as expected, which must include identification of potential structural weakness in client operations
- Participate and provide deal structures on CAMs for facilities applications where the facilities require monitoring by CMU
- Review drafts letters of offer on CAMS for structured deals to ensure correctness of the same viz a viz the proposed structure and operations of the facility in the sanction prior collateral release of the final LOO to the RMS for signing.
- Participate in the development, review and update of processes and procedures for trade products under CMU based on the transactional, operational dynamics and on a practical standpoint as and when need arises.
- Participate in the review of the product papers / Product programme guides.
- 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 level agreements. Reports will be duly provided for such activities.
- Verify all documents against which subsequent drawdowns are to be made with the borrowers' employers to ascertain them
- Preparation of Drawdown slips for Facilitates under CMU. Must ensure that all Drawdown conditions are met or appropriately waived by the approving authority prior forwarding to account management for disbursement.
- Update the CMU SharePoint with relevant reports and documentation as required for continuity, referral and record purposes
- Review of account performance viz-a-viz terms and conditions of approval and ensure strict adherence.
- Verification of documents and information in day to day work as may be requested by credit evaluation manager, business, borrowers and other stake holder in line with approved turnaround time.
- Diarise and follow up on conditions of sanction /covenants as it relates to the CMU function.
- Refer / Escalate / flag up problematic or irregular account (inappropriate payment patterns, failure to meet turnover covenants etc.) to Credit evaluation managers, the Manager BB Credit, head of Credit, Business solution & recoveries Business and other stake holders
- Establish and maintain working relationships with internal, external and service providers.
- Ensure adherence and compliance to all policies, processes and procedures.
- Propose remedial action in terms of irregular accounts to regularise. Suitable diary notes are to be kept to follow up with the Customers/RM's on agreed action plans.
- Safe custody of Warehouse Receipts and Export documents held on behalf of the clients. These must be stored in a Bank Approved safe.
- Compile information related to CMU accounts as and when called upon
- Follow up the progress of the client's performance with their employers where contract finance has been advanced
- Follow up the expected payments intended to settle loans through engaging the borrowers' employers where the payments have delayed the payments
- Liaise with the RMS, the CEM and BS&R on defaults in loan repayments and any other breaches Provide relevant information in a timely manner to credit legal as and when required in their effort to draft and or review appropriately the tripartite collateral management agreements, landlord waivers, transporters' waiver, processors' waivers and any other agreements related to the warehousing, monitoring and collateral management from a practical point of view.
- Ensure execution of the tripartite agreements and waivers and received by the Bank CMU
- Ensure adherence to the tripartite agreements, letter of offer and any other contract related to warehousing and collateral management.
- Ensure that the collateral manager provider sufficient Professional Indemnity cover and fidelity guarantees before they handle any transaction.
- Ensure fees payments for collateral managers are made in time and any other payments of other service providers associated with the transaction (i.e. the landlords' fees, processing fees)
- Ensure that all authorised transfers / movement and release of stock held under collateral management is done in accordance to the processes and procedures.
Preferred Qualification and Experience
Knowledge
- Minimum of Degree in a Collateral related field
- 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, problem solving skills and credit evaluation skills.
Experience
- Preferable to have banking experience, particularly pertaining to banking processes with regard to collateral documentation and the operation thereof.
PLEASE NOTE: All our recruitment and selection processes comply with applicable local laws and regulations. We will never ask for money or any form of payment as part of our recruitment process. If you experience this, please contact our Fraudline on +27 800222050 or forward to TransactionFraudOpsSA@standardbank.co.za
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