Description
The role entails maintaining the integrity of organizational collateral assets, engaging in the detailed monitoring and analysis of collateral data, ensuring compliance with internal policies and external regulations, and working closely with various teams to mitigate risk and optimise operational efficiency. Manage and maintain collateral data, ensuring its accuracy and completeness Monitor collateral values regularly to identify potential risks or discrepancies Coordinate with organisational stakeholders to resolve any issues related to collateral. Ensure compliance with all internal policies and external regulations related to collateral management Prepare and present reports on collateral status and performance to management Participate in audits related to collateral and provide necessary information and support Implement ways of work for efficient and effective collateral management Provide on-the-job training and guidance to credit professionals in the selection of collateral types for specific collateral items, particularly for complex deals Provide commentary on the listing of collateral in DCF (Deal Conclusion Forum) documentation and the correctness of captured collateral Attend Credit Operational Risk meetings to discuss all outstanding collateral with a priority on Watchlist clients and particular counterparties Liaise with internal and external stakeholders i.e., Transactors and attorneys to follow-up on outstanding collateral and legal documentation Assist with day-to-day administrative tasks, including allocating queries to attorneys and allocating deals to team members Stay updated on industry trends and regulations related to collateral management Work on special projects as assigned, related to collateral management and risk mitigation Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimise redundancy Participate and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared
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.
12/11/24
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.
