Standard Bank Business Support Manager

Posted on :

10 Jul, 2013

Category :

Banking Jobs in South Africa

Standard Bank Business Support Manager

Job # 1528325/4174: Manager: Business Support and Recoveries (Standard Bank of South Africa)
Location: Rosebank Gauteng (South Africa)
Market Related Salary
Permanent senior level position at Standard Bank of South Africa in the Financial (Banking) industry.

  • Manage distressed debt and equity accounts originating out of the Corporate & Investment Banking portfolio (including Real Estate Finance)
  • – Analyse business to identify and understand the problem causing the financial distress
  • – Analyse the bank facilities including a review of the legal facility and security documentation to assess the current security position and where appropriate take additional security
  • Develop and implement solutions for credit recovery on accounts in order to secure debt, stabilise accounts or turnaround where possible
  • Be involved and influence client visits and negotiations to manage credit recovery processes including restructure and or renegotiation of facilities.
  • Attend and influence consortium meetings from a business risk perspective
  • Attend and prepare for meetings with creditors
  • Understand the requirements of the Companies Act with respect to Chapter 6 – Business Rescue; and actively represent CIB in such matters
  • Provide advice to various stakeholders on credit recovery and liquidation / receivership processes
  • Oversee preparation and submission of liquidation claims and manage liquidation process through to recovery
  • Brief attorneys and counsel and oversee conduct of litigation on behalf of the Bank
  • Report to the Watch list and NPL Committees and implement decisions there from, as well as update the relevant schedule/s on a monthly basis
  • Maintain the default data base in terms of the Service Level Agreement with Credit Analytics for Non Performing Loans on individual portfolio
  • Assist in managing and developing junior team members
  • Oversee the drafting of sound legal documentations and scrutinise agreements including but not limited to facility agreements, consortium agreements, security agreements and mortgage charges, in accordance with set risk parameters.

The ideal candidate will have the following competencies:


  • analyse and understand financial statements
  • formulate credit-granting policies
  • prepare reports on credit ratings of customers
  • manage, develop and coordinate client pricing strategies
  • analyse and interpret information
  • check and review credit payments
  • interact with people at all levels
  • make accurate calculations
  • manage turnaround times and approval statistics
  • assist the Collections portfolio manager in developing the Business Lending collections and recoveries strategies

How to Apply:
Click here to Apply online
Deadline: 01/08/2013

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