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New Job Vacancy at ABSA Bank Limited Tanzania – Corporate Credit Manager

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AJIRA LEO TANZANIA
ABSA Group Limited

About Us

Truly African
We are a diversified standalone
African financial services group, delivering an integrated set of
products and services across personal and business banking, corporate
and investment banking, wealth, investment management and insurance.

Absa
Group Limited is listed on the JSE and is one of Africa’s largest
diversified financial services groups with a presence in 12 countries
across the continent and around 41 000 employees.

Absa Group Limited
is listed on the JSE and is one of Africa’s largest diversified
financial services groups with a presence in 12 countries across the
continent and around 41 000 employees.
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We
own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius,
Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in
Tanzania and National Bank of Commerce), Uganda and Zambia. We also have
representative offices in Namibia and Nigeria, as well as insurance
operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and
Zambia.

Corporate Credit Manager
Position:
Corporate Credit Manager
Location: Absa House – ABTBring your possibility to life! Define your career with us
With
over 100 years of rich history and strongly positioned as a local bank
with regional and international expertise, a career with our family
offers the opportunity to be part of this exciting growth journey, to
reset our future and shape our destiny as a proudly African group.

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Job Summary
• A member of a Corporate Team responsible for providing credit solutions to customers

Job Description
Roles and Responsibilities
Credit Origination

  • Assess and analyse credit requests with a view of providing solution to customers.
  • Interact
    with the client, gather deal requirements, financial statements, and
    other inputs for performing quality analysis and due diligence
  • Work with RM/product partners in structuring credit solutions for the clients and ensuring the appropriateness of the products
  • Prepare credit applications for Corporate Banking customers for purpose of recommending to the Sanctioners.
  • Work with RM in obtaining all pre clearances like compliance clearance
  • Co-ordinate execution of other documentation and draw down of facilities.
  • Analyse
    historic and projected financial information to identify key issues and
    monitor compliance with covenants and terms prior to discussing with
    Relationship Manager
  • Act as the joint contact for credit management purposes for Credit Teams
  • Attend customer meetings with the Relationship Managers if credit related issues are to be discussed/ need to be resolved

• Ensure compliance of all internal and regulatory credit related policies
• Liaise with Credit Team for limit approval/allocation in line with mandate and scale
• Seek necessary approvals for excesses in the account.

Portfolio Monitoring
·Monitor quality of the portfolio through tracking past dues and excess with strict compliance with conditional approvals.

  • Ensure timely submission of quality EW, RRCC and excess Reports.
  • Monitor Risk triggers, Covenants and other credit conditions and report appropriately.
  • Collate customer produced financial information.
  • Ensure borrowing clients are 100% KYC complaint.
  • Provide technical input and undertake research for Relationship Manager in connection with proposed security.
  • A proactive approach to identifying EW accounts – No sudden slippages into Business support and Recovery.
  • No movement of account to BSR without going through EW
  • Liaise with Credit on credit applications and other credit issues and ensure quick turnaround on queries.
  • Attend Relationship Team meetings and contribute fully, including suggestions for ways of improving client performance
  • Monitor
    and Control quality of portfolio using ‘Condition of Sanction’ triggers
    where possible. Discussing with Sanctioners deteriorating trends and
    trigger events if they give cause for concern and advising the
    Relationship Manager simultaneously.
  • Prepare timely stress tests wherever required
  • Prepare specific industry study wherever required.
  • Prepare Credit opinion reports wherever required.
  • Effective use of credit CCRS and Audit ready at any time

Risk and Controls Objectives

Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture

  • Understanding of own role in the end to end processes in which you play a part, including applicable risks and controls.
  • Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
  • 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. 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.
  • Continuous and proactive engagement with regulatory bodies, unions where applicable
  • All mandatory training completed to deadline
  • Keep
    a vigil on the Portfolio Monitoring Reports/ Credit Monitoring
    processes & ensuring that procedures/Policies are complied with any
    deviations to be escalated to Unit Head/ Head Credit & Operational
    Risk Controls/Credit
  • Ensure to remain alert to the risk of money
    laundering and assist in the Banks efforts in combating it by adhering
    to the key principles in relation to : identifying our customer, knowing
    our customer, reporting suspicious transactions, safeguarding records
    and not disclosing suspicions to customers.

Regulatory and Business Conduct

  • Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  • Take
    personal responsibility for embedding the highest standards of ethics,
    including regulatory and business conduct, across Absa Bank. This
    includes understanding and ensuring compliance with, in letter and
    spirit, all applicable laws, regulations, guidelines and the Group Code
    of Conduct.
  • Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.


Technical skills / Competencies

Personal Attributes:

  • Meeting customers needs
  • Managing relationships
  • Communication
  • Self confidence
  • Analytical thinking
  • Judgement
  • Thoroughness
  • Initiative
  • Active listening
  • Working with others

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Knowledge, Expertise and Experience
Skills required to undertake the role:

  • Financial Analysis
  • Financial Models
  • Basic keyboard skills
  • Presentation
  • Writing skills.Proficient in use of internal computer systems.

Knowledge of the bank’s products, services and policies required to undertake the role:
A good knowledge of:

  • Branch
    based products and services frequently used by Corporate/Global
    Corporates customers including features, tariff/pricing and
    availability.
  • Internal instructions/procedures
  • The roles and responsibilities of other members of the Relationship Team.
  • Products
    and services offered by other areas of the Absa Group which are
    frequently used by Corporate/Global Corporates customers including
    features, tariff/pricing and availability.
  • The Bank’s service standards.
  • Certain
    products, processes or issues to act as ‘Team Expert’ in areas which
    complement detailed knowledge of other team members.
  • Understanding
    of the roles and responsibilities of individual based in other areas of
    the Absa Group who could typically have some involvement with the
    customer base.
  • Awareness of legislation affecting the Bank and customers.


Other requirements specific to the role:

  • There are no specific qualifications other than the Bank’s entry requirements.
  • Undertaking or having completed A.C.I.B. examinations, relevant professional qualifications would be an advantage.

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Training likely to assist effectiveness in the role and may have been completed prior to undertaking this role:

  • Technical Securities
  • Financial Analysis and Lending skills
  • Business development and selling skills

Others * Please give details.

Absa Values
Approvals

Absa’s
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:

  • I drive high performance to achieve sustainable results
  • I’m obsessed with customer
  • I have an African heartbeat
  • I believe our people are our strengths

Agreed by Current Job Holder
Agreed by Line Manager
Co-signed by People Function

Education

  • Higher Diplomas: Business, Commerce and Management Studies (Required)

Deadline: 19th May, 2022
MODE OF APPLICATION: APPLY ONLINE

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