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With African Bank, you can save, insure and borrow. We understand the importance of financial freedom. We are committed to helping you kick-start positive change in your life by bringing you a range of financial products that offer assistance, security, and comfort. We commit to making a difference to you and aim to provide value, more than our customers ...
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About the job
MAIN PURPOSE OF THE JOB
- The candidate will form part of the Business Banking credit risk team. The primary focus of the role is the management of Credit Risk, which includes the calculation of Credit Risk metrics and statistics related to concentration risk and non-performance of the loan portfolio. The candidate will be required to set risk appetites, perform stress testing and risk assessments, ensure compliance with the Basel Regulations and maintain and develop frameworks as required specific to the Asset Based Finance product. The candidate should possess strong report writing capabilities and advanced Excel skills. The candidate should have a strong background in Asset Based Finance and modelling experience is advantageous.
MINIMUM EDUCATION
- Risk and Finance related qualifications
MINIMUM EXPERIENCE
- 2nd Line Risk management in banking
- Trend analysis and analytics including statistical analysis Report writing
- Financial services experience advantageous
CRITICAL COMPETENCIES
- In depth knowledge of an Asset Based Finance product offering including an adequate understanding of the portfolio management required across Lease Agreements, Rental Agreements and Instalment Sale Agreements.
- Understanding of risk management principles and practices at a level sufficient to enable knowledge sharing across the bank.
- Holistic understanding of the operations of the bank to enable effective risk management and participation in projects across the bank.
- Ad-hoc risk workshops are performed with business units to enhance effective risk management.
- Supporting regulatory reporting processes for credit risk models.
- Monitoring and validating credit risk models, ensuring compliance with Basel guidelines and regulatory standards.
- Working with stakeholders to improve model performance and compliance.
KEY PERFORMANCE INPUTS / ACTIVITIES
Risk Management - General
- Logging, investigating and monitoring of credit risk Incidents
- Incident reporting and analysis including the impact on risk profiles.
- Maintaining Risk dashboards for credit risk.
- Development, monitoring and reporting on key risk metrics and key statistics for credit risk.
- Maintaining, updating, and assessing divisional risk registers.
- Development of models and reports for the enhancement of credit risk management, monitoring and reporting.
- Policy update, maintenance and creation where required.
- Development of risk frameworks for credit risk specific to Asset Based Finance.
- Obtain an understanding of regulatory requirements and identify gaps in implementation.
- Assistance in completion of additional tasks that the Risk Management Division is or may become responsible for.
- Risk Appetite and Tolerance reporting and monitoring.
- Investigation of breaches in risk appetite and tolerance of risk metrics.
Stress Testing
- Perform monthly stress tests of the loan book.
- Incorporate available market and bank specific information into stress scenarios.
- Perform reverse stress tests on risk metrics.
- Perform a trend analysis on stress tests conducted and inform business of any significant impacts identified during stress tests.
RDARR
- Assisting with BAU RDARR management.
Reporting
- Prepare reports for Board and subcommittees. This includes risk reporting packs, returns, presentations, etc.
- Assist with preparation of SARB reporting requirements.
- Assist with the preparation of other reports where required.
- Assist in the creation and enhancement of risk reports.
- Perform assessments of system reports to identify gaps.
- Ensure new loan products are correctly included in system and manual reports.
- Assess supporting schedules received for packs for accuracy, completeness and compliance with regulations.
General
- Attendance at BASA, PASA and other industry meetings.
- Participate in PMO projects related to risk management.
New Product Approval Process
- Review of documents submitted by business to NPA.
- Reviewing and assessing risk assessments relating to the NPA.
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About the job
MAIN PURPOSE OF THE JOB
- Toptimally manage the information and reporting flow for Customer Engagement Channels
KEY PERFORMANCE INPUTS / ACTIVITIES:
- Production of standard daily, weekly and monthly MIS.
- Ensure that all relevant MIS is produced, including but not limited to:
- New business reporting,
- Product reporting
- Channel reporting,
- Customer reporting
- Performance Reporting
- Productivity Reporting,
- Bureau Reporting
- Relevant exception reports,
- Executive Pack reporting
MIS delivery platform and management
- Translate business requirements intadvanced MIS Reports
- Automation of Business users reporting needs, consulting with users, best practise solutions toptimize reporting, identify opportunities tutilise data and sdrive optimisation of analytics, and forecasts
- Utilize analytics tools (Power BI, Excel, and SQL) tprovide actionable insights
- Provision of data for ad hoc reporting and analysis projects.
- Manage the provision of data for analysis of ad hoc investigations and provide solutions and recommendations tthe business
- Manage the relationship with the AB business unit heads and other staff.
- Liaison with data teams in other areas of the business tensure that data provided is accurate, complete and consistent with data in other areas.
- Provide reporting intthe regular (monthly and quarterly) forums in accordance with timelines and quality standards.
Customer
- Create and maintain productive relationships with internal clients.
- Keep the client informed about progress through written communication, telephone communications and/or face tface meetings
- Build a positive image by exceeding client expectations at all times
- Treat internal and external customers fairly at all times
MINIMUM EDUCATION
- Matric + relevant data qualifications
MINIMUM EXPERIENCE
- 1-3 years’ experience in data management and reporting in a financial institution.
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About the job
MAIN PURPOSE OF THE JOB
- A multi-faceted role with a focus on sourcing new clients for the Bank and more specifically the Property Lending division. To liaise and negotiate with these new clients to secure transactions which must be accurately analyzed. To liaise with and manage the relevant staff and departments at the Bank for the coordination and finalization of all elements of property lending transactions.
- To structure financing solutions for various high value property transactions and provide clients with all the necessary information, support, and assistance throughout the life span of their facilities and business transactions with the Bank, to ensure effective and efficient business relationships.
- To network and entertain high net worth individuals at various functions in the interest of maintaining and furthering relationships as well as to create new relationships. To create awareness in the property market of the Bank’s property funding capabilities and to grow the Bank’s brand.
- To manage clients with advances in excess of R1.0 billion and contribute to the increase of the Property Lending loan advances by the budgeted amount on a gross basis year on year. To contribute towards the Property Lending fee income target in line with the budget, increasing each year.
- To critically assess all aspects of a property transaction, including costs, leases, physical condition, specialization, location, layout and market demand to ensure viability of transactions. To conduct detailed feasibility studies and amortization projections to establish the viability of property transactions and predict the timing of utilizations and repayments. To conduct a thorough financial and risk analysis to determine client’s ability to service and repay debt facilities. To present and discuss transactions to the Credit Risk Committee/Alco/Exco/Board.
- To critically assess all aspects of the Property Lending loan book and provide feedback thereon to various committees and divisional heads regarding various exposures and aspects of the book.
- To assist the Gauteng based staff within the Property Lending team to ensure effective conclusion of transactions and achievement of divisional and organizational goals, as well as ensure that adequate training and up-skilling is occurring with all staff.
MINIMUM EDUCATION
- BSC Property Studies with Honours; OR
- B Comm/Financial qualification with Honours
MINIMUM EXPERIENCE
- Minimum 5- 8 years’ experience in the property market; or financial services industry with relevant management experience.
KEY PERFORMANCE INPUTS / ACTIVITIES
MANAGING AND GROWING CLIENT RELATIONSHIPS
- Effectively manage, maintain and strengthen client relationships. Continuously provide clients with the necessary support and assistance, always ensuring the highest level of service and client satisfaction.
MANAGING STRATEGIC INTERNAL RELATIONSHIPS
- Effectively manage, maintain and strengthen internal relationships. Provide the relevant departments with the required information, assistance and support to ensure the prompt conclusion of new transactions and the smooth running of existing loans with the Bank.
MANAGING EXISTING LOAN BOOK
- Manage existing loan book and timeously attend to all renewals, extensions, restructures and re-pricing of existing loans. Ensure monthly loan instalments and when applicable settlements of loans are done on time.
NEW BUSINESS/DIVISION FEE TARGET AND STRETCH
- Source new clients for the Property Lending division and ensure growth of the existing loan book. Negotiate transaction terms with potential clients while analyzing transactions accurately. Communicate with these potential clients timeously while looking after the best interests of the Bank. Attend to all aspects of the deal making process and the maintenance of sound and effective business transactions until take on of client on the loan book.
- Achieve target in respect of fee income, advances growth and net interest income in line with budget.
MANAGEMENT AND MENTORSHIP OF STAFF
- Ensure that staff being managed or mentored are aware of what their roles and responsibilities are regarding the deal making process and the administration that comes along with it. Ensure the general wellbeing of staff under management. Provide the necessary training and guidance to enable staff to learn and grow within the organization, while adopting the culture of the Bank and looking after the best interest of the Bank.
BUSINESS MANAGEMENT
- Play an integral role in the management of the division and all staff members.
- Ensure that the strategy of the division fits into the organization as a whole with a focus on workflow and integration into the other divisions
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About the job
MAIN PURPOSE OF THE JOB:
- To assist in the management of direct and indirect tax governance, compliance, administration and reporting function for the African Bank Holdings Group of companies and entities as well as for Residual Debt Services (Limited) (In curatorship).
KEY PERFORMANCE AREAS:
Governance and control
- Assist in identifying, assessing and documenting the tax risks to which the group is exposed, separately addressing: Income tax; Value added tax; Dividend withholding tax; Interest withholding tax; Employees taxes; and Any other levy of tax to which the group may be exposed.
- Assist in monitoring and reporting on tax risks identified on an ongoing basis.
- Assist in maintaining up to date policy documents on deferred tax asset recovery and tax risk management.
Tax Legislation
- Keep abreast of all relevant Tax Legislation
- Assisting in providing tax training on a regular basis for employees.
- Advise relevant stakeholders of amendments to legislation before promulgation
- Review that relevant policies are in line with legislation
- Assist in providing and documenting advise as required on tax related issues
- Escalate contentious matters to functional and executive management for discussion and decisions
Income tax
- Assist in the calculation on a monthly basis of the direct income tax due.
- Assist in the maintenance of a record of the tax bases of all assets and liabilities, which reflects the permanent and temporary differences to the accounting base as reflected on the trial balance; reflects that basis of the differences; and reflects the controls applied and assurance obtained on the validation of the differences.
- Assist in the calculation on a monthly basis of the deferred income tax due.
- Ensure that the required entries are recorded and review the validation there off.
- Perform a reconciliation between the standard rate of income tax and the effective tax rate reflected in the books of account and financial statements.
- Maintain adequate records of the calculations to support management review thereof, as well as audit by internal audit, external audit and audit by SARS.
- Compile and maintain all the relevant tax schedules (e.g. minor assets, repairs and maintenance, consulting, travel, provisions and accruals, prepayments, secretarial services, legal fees, fines and penalties etc).
- Prepare reconciliations on a monthly basis of the tax accounts.
- Prepare reconciliations for IT14SD monthly
- Assist in the drafting of accounting policies for and disclosure of the direct tax charges and associated items in the financial reporting according to International Financial Reporting Standards (“IFRS”).
- Assist in completing and submitting all income tax returns and supporting information (learnerships, donations, financial statements etc) as required to SARS.
- Assist in reviewing the underlying bookkeeping processes, accounting policies and processing systems are aligned to support the tax calculations and tax reporting.
- Advise on changes required to bookkeeping processes, accounting policies and processing systems and assist in implementing changes as required.
Value added tax
- Assist in the maintenance of a master listing of all transaction codes as applied in the product and accounting systems specifying the VAT classification and treatment of each code: Ensure all anomalies identified have been investigated and resolved.
- Assist in the calculation of the VAT due on a monthly basis: Perform analysis of VAT output recorded in Exactus by transaction type and calculate an effective VAT rate, Perform analysis on the VAT numbers to determine reasonableness.
- Output reasonability
- Apportioned input reasonability
- Direct attribution input reasonability
- Capital input reasonability
- VAT on bad debt written off and recovered calculation
- Investigate and resolve variances
- Prepare reconciliations on a monthly basis of the VAT accounts
- Analysis of exceptions within VAT processing and ensure root cause resolved. Ensure that the required entries are recorded and review the validation there off
- Complete and submit the VAT return on a monthly basis and ensure payment is made or refund is received.
- Maintain adequate records of the calculations to support management review thereof, as well as audit by internal audit, external audit and audit by SARS.
- Assist with adhoc VAT projects and business support.
- Assist in the calculation of the VAT apportionment rate and monitor it on an on-going basis.
- Assist in drafting the accounting policies for and disclosure of the indirect tax charges and associated items in the financial reporting according to International Financial Reporting Standards (“IFRS”).
- Engage with financial control and the relevant functions originating and processing transactions and entries to review and ensure that the underlying bookkeeping processes, accounting policies and processing systems are aligned to support the VAT calculations and VAT reporting;
- Advise on changes required to bookkeeping processes, accounting policies and processing systems and assist in implementing changes as required.
Third Party Reporting
- Assist in ensuring third party returns are submitted timeously by liaising with all the relevant stakeholders:
- IT3S, IT3B ,FATCA ,CRS ,EMP201 , EMP501
Stakeholder management
- Advise on tax considerations and provide support internally on queries raised and initiatives launched by
- Executive management
- Financial Control
- Credit
- IT
- HR
- Any other internal function
- Maintain a healthy working relationship with the SARS representatives as assigned to respectively the African Bank group and Residual Debt Services Limited.
- Maintain a healthy working relationship with external auditor and any other external parties that may be engaged.
Minimum Education
Minimum Experience
- Extensive theoretical and practical knowledge of the Income Tax Act, Tax Administration Act and VAT Act
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About the job
MAIN PURPOSE OF THE JOB:
- To manage accounting support and insight to the Business. Including but not limited to providing accounting services for the various payment streams, Transactional Banking, 3rd party VAS General ledger accounts, all new business ventures or other payment streams as well as managing the relevant reconciliations, assisting in all finance related matters including the budgeting together with preparation of identified management reports. To manage receipting and reconciliation related activities on our back-office systems in line with the department deliverables.
KEY PERFORMANCE AREAS:
Treating Customers Fairly and Compliance
- Create and maintain productive relationships with internal and external clients by providing advice and assistance
- Create understanding of the ‘real’ versus ‘perceived’ need through experience and expertise while complying with company policies, legislation and regulations
- Keep the client informed about progress through written communication, telephone communications, and/or face-to-face meetings
- Build a positive image by exceeding client expectations at all times
- Treat internal and external customers fairly at all times
Business Unit Stakeholder Engagement and MANCO
- Key stakeholder for Personal Banking and Insurance Verticals
- Set regular meetings with Personal Banking and Insurance Verticals to:
- Discuss and resolve any operational issues.
- Discuss project blockers at a high level.
- Assist the BU in achieving improved services to the customer.
- Provide input into trends identified to improve BU service to customers that benefit the.
- Attend & provide insights in the Operations MANCO.
- Prepare input monthly into MANCO packs.
- Develop, manage and maintain relationships with Key Business Stakeholders.
- Ad-hoc be the back-up representative for Operations Finance in the various group MANCO’s.
Financial Management & Reconciliations inclusive of receipting/invoicing
- Review completion of reconciliations and Transactional reconciliations with various Third Parties including BankServ Africa, Visa, MasterCard, SAMOS and other Vendors.
- Validate data provided for accuracy and completeness.
- Review investigation and timeous correction of variances.
- Ensure that unallocated items are managed daily.
Follow up on all non-reconciled items according to KPI’s.
- Approve write-offs on unallocated receipts older than 18 months.
- Understand and reconcile international transactions according to VISA & MasterCard.
- Currency Conversion standards.
- Monitor timeous resolution of queries and that the team have liaised with the relevant stakeholders to result in an effective incident management process.
- Ensure that the team perform timeous distribution of reconciliations to relevant stakeholders.
Compliance, Audit & Risk
- Ensure legal and regulatory compliance is strictly adhered to including the following regulatory bodies:
- PASA, BASA, SARB, VISA, MasterCard, SWIFT, BankServ, TCF, etc.
- Assist with the auditing processes, both internal and external.
- Ensure that there are no significant audit findings for the financial components of the Payments department within this profile of responsibility.
- Address audit findings where such findings are related to the financial components of Payments within this profile of responsibility.
- Ensure Monthly Risk register updating, and review is submitted timeously to the Risk Champion
- Ensure Risk incident reporting is completed timeously and submitted to Resilience and the Risk Teams
Management of resources (people)
- Development of staff (e.g. training)
- Appraisal of staff performance as required by Human Capital.
- Management of staff (e.g. employee relations, conflict resolution, disciplinary actions).
- Allocation of work to resources in accordance with business requirements
- Managing timelines to meet business expectation.
- Cross skilling of key personnel to ensure continuity and sustainability.
- Training and development of talented high potential employees to create succession planning.
- Create an environment for work satisfaction and contended employees.
- Create career development plans for all employees.
- Ensure that all staff has a Job Description, KRA’s; Development Plan; Incentive plan in place.
Implementation of requirements and enhancements on Finance processes
- Identify opportunities to automate processes to enable volume growth and minimize the requirement for additional resources
- Drive delivery to meet all targets and timelines as per project plans
- Drive successful implementation of projects
- Drive compliance requirements is ensured and implemented within the projects
- Reviewing of drafted and updating of SOP’s and SLA’s
- Guide and provide input with Business Case, Cost Analysis, Business Requirements and Functional Specs.
- Propose technique, methodologies and system designs which appropriately address financial risks associated with new projects
- Reviewing of testing and implementing financial elements on the systems involved in new projects
- Signing off financial elements of the system changes required for the new projects
- Bank Projects - implementation of Operational Processes and System enhancements including recons impacting Operations Finance
- Ensure that projects are implemented taking into account:
- Industry Requirements and Relationships
- Ensuring processes are reviewed and operationalized.
- Provide input with automation process for new products introduced as well as automation of the existent processes.
Review system changes when such changes are related to financial components of the Operation Finance processes.
- Managing & Monitoring integrity of the data used for the accounting and financial reporting when such data is related to financial components of the Payments designated projects.
- Ensuring that system errors resulting financial impact are addressed timeously and effectively by the team.
- Continuously manage controls related to the financial components of the Payments department.
Monitoring, Reporting and Budget
- Monitoring, Reporting and Budget Ensuring full personal compliance, compliance of the direct reports as well as compliance of the business with Bank’s policies and procedures
- Development and maintenance of the appropriate policies procedures for Operation Finance.
- Management of the monitoring function within Operations Finance ensuring that business needs are met.
- Managing the daily balances confirmation processes
- Assess financial impact of the system changes and system errors and produce reporting statistics that highlight issues to be addresses.
- Valid, accurate, complete and timeous completion of management reports
- Input into the monthly Payments reporting packs.
- Assist with putting the budget together for Operations and monthly monitoring and feedback.
- Assistance in planning and managing the budgeting and forecasting processes on behalf of Payments.
- Assisting with budgets and cost savings initiatives
- Monitoring costs and ensuring all internal controls are adhered to.
- Monitoring performance against current budgets and forecasts and advising Payments through monthly performance packs and business review meetings.
- Review the translation and preparation of the consolidated Payments management pack.
- Analyse monthly variances against the budget for the Operations Department.
- Manage costs / third party fees and recommendations on reducing costs etc.
- Advise on improving the business with regards to Operations Finance strategies / financial plans and controls
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About the job
MAIN PURPOSE OF THE JOB
- To source potential new clients for the Business banking Division of the Bank. To liaise and negotiate with new and existing clients of the Bank and to accurately analyze potential transactions. To liaise and co-ordinate with relevant staff and departments at the Bank to facilitate and coordinate the initiating and finalizing of transactions.
- To structure financing solutions to various transactions on high value transactions. To provide these clients with the necessary information, support and assistance throughout the life span of their facilities/business transactions with the Bank so as to ensure effective and efficient business relationships.
- To network and entertain high net worth individuals at various functions in the interest of maintaining and furthering existing relationships as well as to create new relationships. To create awareness in the market of the Bank’s funding capabilities and to grow the Bank’s brand.
- To manage existing clients with advances up to R1 Billion, growing year on year.
- To contribute to achieving the Business banking NIR and NII income target in line with the budget, increasing each year.
- To contribute to increase the Business banking loan advances by the budgeted amount on a net basis year
- on year.
- To critically assess all aspects of a transaction.
- To conduct detailed feasibility studies and amortization projections iro each transaction and predict the timing of utilizations and repayments.
- To conduct a thorough financial and risk analysis to determine client’s ability to service and repay debt
- facilities. To present and discuss transactions to the Credit Risk Committee/Alco/Exco/Board.
MINIMUM EDUCATION
- B COMM/FINANCIAL QUALIFICATION
MINIMUM EXPERIENCE
- Between 5-10 years’ experience in the Financial
- Services Industry and preferable in a sales and client facing environment.
KEY PERFORMANCE INPUTS / ACTIVITIES
Managing And Growing Client Relationships
- Effectively manage, maintain and strengthen client relationships.
- Continuously provide clients with the necessary support and assistance,
- always ensuring the highest level of service and client satisfaction.
Managing Strategic Internal Relationships
- Effectively manage, maintain and strengthen internal relationships.
- Provide the relevant departments with the required information, assistance and support to ensure the prompt conclusion of new transactions and the smooth running of existing loans with the Bank
Managing Existing Book
- Source new clients for the Coverage division and ensure growth of the existing book.
- Negotiate transaction terms with potential clients while analyzing transactions accurately.
- Communicate with these potential clients timeously while looking after the best interests of the Bank.
- Attend to all aspects of the deal making process and the maintenance of sound and effective business transactions until take on of client on the loan book.
- Achieve target in respect of fee income, advances growth and net interest income in line with budget.
Management Of the Operational function within the Coverage Division
- Management of the operational team.
- Ensure that all internal (audit, compliance and credit) and external (all client related operational queries) requires are met.
Method of Application
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