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  • Posted: May 22, 2020
    Deadline: Not specified
  • Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services. “Africa is our home, we drive her growth” Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. This sets the prim...
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    Senior Manager Home Loans Foreclosure

    Job Purpose

    • To assume the oversight of all operational and compliance aspects of the Foreclosure area within the portfolio.
    • To ensure that staff are competent and adequately trained and mentored and that the correct culture and leadership qualities are maintained.
    • This includes the running of functional workshops internally.
    • To optimally, effectively and efficiently manage the Foreclosure portfolio, applying the processes whilst at the same time maintaining the integrity and reputation of the Bank.
    • To ensure that all risks in the process are properly considered and reported upon.
    • To ensure adherence to all policies and procedures relating to compliance, regulatory, operational, procedural, reputational and legal risks.
    • To review, investigate report and escalate high risk defences and allegations.
    • To take timeous action (within mandate) to protect the interests of the bank.
    • To contribute to and support the strategic goals and vision of Credit Rehabilitation and Recoveries.
    • To settle or restructure facilities (wherever possible) in consultation with operations, the debtor and the attorneys.
    • To consult with counsel/witnesses and attend court and to testify (where required) any other action in order to facilitate the proving of the banks case.
    • To consider, evaluate and approve/reject all settlement proposals (within mandate) and to refer to higher authority (where appropriate)

    Key Responsibilities/Accountabilities

    • Working in teams, sharing of skills and multi-skilling.
    • Control and maintain credit policies and procedures.
    • Provide “legal” guidance and assistance within CRR (where requested)
    • Implement “Lean” and other business process improvement initiatives.
    • Drive a culture of flawless execution in the workplace.
    • Oversee and review all legal action taken - ensuring there are no reasonable grounds for a future judgment to be rescinded.
    • Ensure all external vendors adhere to instructions as well as all the terms of the service level agreements, controls and policies.
    • Review and authorise payment of all billed professional fees.
    • Ensure compliance to proper housekeeping processes.
    • Contribute towards the effectiveness and cost efficiency of the department and ensure that strategic and departmental objectives are achieved.
    • Facilitate, compile and assist in the compilation of daily, weekly and monthly matrix reports for the portfolio.
    • Attend consultations, together with witnesses, attorneys and counsel in the preparation of matters for trial and other court applications.
    • Provide instructions to attorneys (within mandate) directly or indirectly.
    • Attend to a thorough risk analysis and review all documentation, pleadings and defences prior to trial and highlight any concerns with management.
    • Consult with relevant internal and external stakeholders.
    • Source outstanding source documentation relevant for the litigation process.
    • Attend court and testify for the bank (where required)
    • Signing and commissioning, of all affidavits (within mandate) required by external attorneys and council within defined timelines and court rules.
    • Collate and refer to product/credit any deficiencies in processes, documentation and systems which have led to unsatisfactory legal outcomes.
    • Compliance with statutory, regulatory and supervisory requirements and protect the reputation and integrity of the Bank and avoid legal action or sanction in respect to non-compliance to regulatory matters.
    • Taking timeous and appropriate action and decisions to promote a successful outcome to the litigation process.
    • Negotiate, consider, evaluate and approve settlements within mandate and refer others outside of mandate to management with written recommendations.
    • Escalate any “apparent” risks in the recovery process that may impact on the integrity and reputation of the Bank to Group Legal and or compliance areas.
    • Provide basic legal guidance and subject matter expertise, to all stakeholders on request.
    • Maintaining high ethical standards to prevent market abuse.
    • Reporting any breaches and exposures to the area’s Regulatory compliance officer.
    • Being aware of legislation, case law and policy changes applicable to the business and assuring awareness to all staff.
    • Ensure that staff, at all times, are skilled and that on the job legal training receives attention.
    • Maintain high levels of customer service.
    • Any delegated ad-hoc functions
    • Efficiency & Effectiveness
    • Optimise Economic Profit - management of all legal and other operational costs.
    • Excellent customer service – supporting of vendors and other internal and external customers.
    • Compliance and regulatory – management of risks.
    • Vendor management - Management of vendor performance and adherence.
    • Timeous and accurate reporting.

    Preferred Qualification and Experience

    • Legal degree i.e. BProc, LLB or equivalent
    • Admitted attorney with 5 years practise experience
    • 5 Years in a management role in a Foreclosure area

    Knowledge/Technical Skills/Expertise

    • Civil Litigation process including defended legal procedures.
    • Conveyancing
    • Consumer protection Act
    • National Credit Act and National Credit Amendment Act
    • POPI
    • Magistrates and High court rules
    • Prescription Act
    • CACS
    • CDDS

    Method of Application

    Interested and qualified? Go to Standard Bank Group on to apply
  • Send your application

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