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Senior Manager, Specialised Recoveries
Standard Bank Group
Posted 4 months agoWindhoek, Namibia
Location
Windhoek, Namibia
Job Type
Full-time
Experience
Mid-Level
Category
Banking & Finance
Job Description
To continuously develop and sustain a comprehensive Specialised Recoveries operating model that defines best-practice, vendor management processes, structures, and process measures.
Understanding of credit risk assessment procedures to determine the best route of actions ' both as it relates to unsecured & secured lending products.
Legal & Collections experience with a sound understanding of how the Law relates to the principles of financial credit risk management procedures. Exposure to Banking/Financial institution related legal & collections matters is a valuable benefit.
Adhere to the Bank of Namibia Regulatory requirements i.e. BID 2 and BID 33 by understanding the scope and limitations thereof and by keeping abreast of potential amendments.
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Requirements
- Experience:
- 8 years' experience of which 3 should have been in a managerial capacity
- Key Impact Areas:
- Behavioural Competencies:
- Developing Strategies
- Directing People
- Examining Information
- Exploring Possibilities
- Interacting with People
- Technical Competencies:
- Court Processes and Procedures
- Financial Industr
Responsibilities
- A LLB or a Bachelor of Commerce Degree or related.
- A relevant Postgraduate Qualification will be advantageous.
- A Driver’s License is Non-negotiable
- Analyse credit data on a daily, weekly and monthly basis to highlight efficiency gains and identify adverse trends requiring management interventions that consequently assist in achieving set targets and credit process efficiencies; for both the Non-Performing Loans (NPL's) and Recoveries portfolios.
- Design the required strategies and formulate effective tactical plans to maximise collections on recalcitrant debtors through instituting legal and collections actions in the most efficient manner to reduce the monthly impairment charges.
- Drive flawless internal stakeholder management through regular reporting, feedback and improvement discussions on the performance of the Non-Performing Loans (NPL's) and Recoveries Portfolios insofar the net provisions raised and recoveries on account of bad debts.
- Manage and lead staff and serve as a subject matter expert in the capabilities of Specialised Recoveries to ensure the effective and efficient rehabilitation, collections, and recovery of outstanding amounts in the non-performing and written-off legal portfolios.
- Manage the Collections department: manage & lead staff effectively to achieve the required results.
- Act within the prescribed mandate insofar instituting legal action and supporting of Liquidators by means of having a clear understanding of the authority, risks, scope, and limitations of the mandate given.
