Senior Manager, Business Support & Recoveries

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 PurposeThe purpose of this job is to: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 (40%) bya) pro-actively attending to the rehabilitation and recoveries process and the protection of the bank’s asset base on performing and non-performing loans with values across the entire product spectrum;b) reducing the cost of delivery and conforming to end-to-end value propositions;c) effectively engaging with internal and external stakeholders in order to optimize returns for the Bank;d) upholding and maintaining the Bank’s core values;e) providing innovative solutions (involvement of outside consultants, restructuring, recommending sale of non-core assets etc) in an effort to minimise impairments and to retain business.manage a demarcated team of Business Support and Recoveries Managers who provide assistance in the remedial management of enterprise wide distressed debt exposures (60%),

Responsibilities + Skills

Engages with other major creditors, in need and attends to recommendations regarding impairments required.

Education

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.

Experience

Job Summary

  • Published on: Saturday, 5th September 2020
  • Designation: Senior Manager, Business Support & Recoveries
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: 0
  • Gender:
  • Application Deadline: Saturday, 5th September 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: https://www.standardbank.co.za
  • 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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