Risk Control Manager

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Job Summary

The role is responsible for robust execution and management of post sanctioning fulfillment activities, namely Facility Letters generation, Drawdown and Limits management, Excess Management and Conditions & Covenant Management whilst ensuring accurate, speedy, and efficient delivery of service standards

Job Description

Key Responsibilities

Accountability: Monitoring and Control: (60%)

• Support Business growth (Revenue and Market share) by ensuring Facility Letters generation, Limits set-up and disbursement are processed within agreed Credit & Business Operating Level Agreements and in adherence to localized credit policies/standards and procedural guidelines.
• Ensure that appropriate legal opinions, credit waiver/deferral approvals are held for all cases of document deficient.
• Act as a source of technical excellence and point of reference in relation to risk matters, specifically Post sanction fulfilment.
• Effectively manage facility limits to ensure that published limits are in line with the latest sanction and in accordance with the operational processes and procedures.
• Ensure robust management of Post sanction monitoring and control activities (benchmark repricing, limits management, excess management, Cash margins, Early drawdown/Safe to Lend draws, Committed/Uncommitted facilities and sanction conditions.
• Provide oversight review of excesses daily refer list to confirm that appropriate action has been undertaken by the Relationship/Markets team on reportable and non-reportable excesses.
• Manage the covenants and conditions data with regards to its integrity (capturing), notification, testing, flagging overdue and escalation of and failed / breached covenants.
• Work closely with internal legal team with regards to non-standard commercial terms /documentation and changes thereof.
• Act as a point of contact for both internal and external audits. Responsible for the rectification and documentation of any recommendations arising out of Audit/Assurance exception findings within Corporate Credit/RCU teams.
• Ensure robust and error free Management Information (MI) as produced by Risk Control Unit for use in Risk/Business Governance forums and Regulatory reporting.
• Ensure adherence to segregation of duties (maker checker concept) across Risk Control Unit processes without deviation.
• Support in the periodic testing of the Department’s Business Continuity plan (BCM).
• Support Head of Risk Control Unit, Policy, Governance and Change in conducting User Acceptance Tests for new projects rollouts.
• Strictly adhere to Credit/RCU processes and procedures to ensure overall impairment and Loan Loss Rate are managed within agreed thresholds.
• Enhance control environment through monthly participation in Portfolio, EWL, RRCC meetings to discuss Credit/RCU related matters including but not limited to Overdue facility letters, Valuation reports, Safe To Lend/Early Drawdowns, Breaches in sanction conditions, Security maintenance items, and Account excesses.
• Ensure that there are no regulatory or conduct breaches within Risk Control Unit.
• Any other responsibility that may be assigned by the Head of RCU from time to time.

Accountability: Efficiency (15%)

• Champion embedment of change management initiatives in support of process improvements, cost reductions and efficiency.
• Participate in review of Wholesale credit procedure manuals/maps and CPAs with the aim of enabling business, improving existing processes and controls.

 Accountability: Business Risk Partnership & Teamwork (25%)

• Ensure consistent quality of service to Business stakeholders.
• Support the Head of Risk Control Unit, Policy, Governance and Change in monitoring service and delivery in line with business needs.
• Work in partnership with colleagues and proactively anticipate, respond to and seek to exceed the expectations of customers.
• Attend portfolio meetings with the Credit Manager’s and Relationship Manager’s if problem related issues are to be discussed / need to be resolved.
• Work to minimize customer complaints and take corrective action wherever required to prevent future recurrence.
• Ensure knowledge on RCU guidelines and best practice sharing across the wholesale credit and Business stakeholders.
• Participate in Business team activities, launches and social occasions.
• To participate and contribute to projects undertaking by the Risk Control Unit

Education & Technical Experience Required:

• Graduate caliber with preference for fields of Law, Economics, Finance or Accounting
• A minimum of 3 years working experience
• Knowledge of commercial banking credit risk operations, credit analysis and controls.
• Knowledge of operational risk and rigor processes, tools and practices.
• Knowledge of Wholesale Credit Risk policies and procedures.
• Knowledge of local regulations guidelines relating to lending.
• Strong Knowledge in Microsoft Excel

Competencies:

• Interpersonal and influencing skills
• Analytical and numerate skills
• Business product and process awareness
• Communication, Presentation & Negotiation skills
• Results-driven
• Team player
• Strong excel skills.
• Thoroughness/Pays attention to detail.

Education

National Diplomas and Advanced Certificates: Business, Commerce and Management Studies (Required)