Manager, Business Support And Recoveries-Durban, KwaZulu Nat

Job Description

Job Details Risk Management: understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bankJob PurposeTo assist Business and Credit with the end-to-end remedial management of enterprise wide distressed debt exposures in the Personal and Business Bank environment, both in house (referred by Account Executives and Credit Evaluation Managers) or under formal Business Rescue proceedings (as per Chapter 6 of the new Companies Act) within assigned Personal-to-Holder mandates;To pro-actively attend to the recoveries process and the protection of the bank’s asset base on non-performing loans with values across the entire product spectrum;To proactively represent Business Support and Recoveries at CRC committee level;To innovate and design alternative credit risk management / rehabilitation and recovery methods aimed at optimal efficiency and effectiveness;To reduce the cost of delivery and to conform to end-to-end value propositions;To effectively engage with internal and external stakeholders in order to optimize returns for the Bank;To uphold and maintain the Bank’s core values;To provide innovative solutions (involvement of outside consultants, restructuring, recommending sale of non-core assets etc) in an effort to minimise impairments and to retain business.

Responsibilities + Skills

Undertakes a meaningful assessment of the financial position of the business and/or individual by engaging with the Account Executive / Account Manager, Credit Evaluation Manager and the customer to obtain all the necessary documentation and information.Investigates a wide range of factors regarding the distressed customer including:-identifying enterprise wide exposures, including exposures to sureties;primary reasons for distress;strength of financial statements;


Companies in a holding subsidiary relationship or sister companies with inter-company loans (annual turnover ranges between R10 million to R500 million, orHigh net worth private individualsAnd all related SBSA exposure


cash flow generation;industry outlook;validation and valuation of existing collateral and the possibility of improving the position;evaluation of impairment requirements;Provides a full recommendation to business, credit and the customer regarding a restructure or if not possible, recommends legal action to protect the banks position.

Job Summary

  • Published on: Friday, 17th January 2020
  • Designation: Manager, Business Support and Recoveries-Durban, KwaZulu Natal
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: on a call
  • Gender:
  • Application Deadline: Friday, 17th January 2020

About the Company

  • Company Name: Standard Bank Group.
  • Address: 9th Floor 011 636 9111/2 SBZAZAJJ Standard Bank Centre 5 Simmonds Street Johannesburg 2001 P O Box 7725
  • Website:
  • Company Profile:
  • To provide design and build decision agents and Credit process requirements for all Personal and Business products across the risk lifecycle for a particular stream (i.e. origination, account management and collections - to be customised per jobholder). This includes the process design of the end-to-end solution and working closely with appropriate Architectures (e.g., IT, Credit, Business, Data, etc.) to formulate sustainable strategic solutions.

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