Graduate Trainee: Wealth Analyst

2 weeks ago


Pretoria, Gauteng, South Africa Nedbank Full time

Job Classification
-


REQ:

Refilwe Falatsi:

-
Location: Menlyn Maine Campus
Pretoria:-


Closing Date: 23 January 2023:

-
Division: Wealth Management SA (Distribution):

-


Employment Equity Statement:
Preference will be given to individuals from the underrepresented groups
:

-
NB: This is a GRADUATE position, applicants with 2 years plus work experience will NOT be considered.

  • Job Family
  • Investment Banking


Career Stream
  • Investments


Leadership Pipeline
  • Manage Self: Technical
  • FAIS Affected
    Job Purpose
  • To assist with the implementation of the business investment philosophy through data analysis, research and support functions, in line with Nedbank Group strategy

Responsibilities:

  • Assess needs and provide solutions Interacting with internal and external clients.
  • Support Structured Lending and Banker with the following:
  • Large Exposure reviews.
  • Preparing of credit papers.
  • Drafting facility letter.
  • Preparing pricing motivation and input into the pricing template.
  • Key liaison or conductor of client, client's offices, sales, cross sell, whereabouts of the transaction in the process and attorneys.
  • Receiving instructions from clients and sales and redirecting and following up on responses.
  • Reconciliations where required of payouts made in development or building plan.
  • Analysis of Balance Sheet and Income Statement and analysis thereof for credit.
  • Management of expiring facilities.
  • Management of arrears together with the Banker and Lender.
  • Management of impairments together with the Consultants and Credit Risk Officer.
  • Transactional and Overdraft reviews.
  • Releases and guarantees.
  • Attending to building draws and payouts for developments.
  • Acquisition preparation for new clients and additional accounts.
  • Following up with Credit, Legal, Drafting, Attorneys on progress of bonds.
  • Ensure that the transaction in pipeline move and follow up on this (manage the pipeline)
  • Manage the client reviews upfront preparation, scheduling appointments and post review capturing.
  • Manage nonactive and dormant accounts.
  • Prepping the EDD / FICA and High-Risk templates.
  • Coordinate sales teams and follow up on contact made and progress for cross sell.
  • Deeds Search and CIPC.
  • Check systems for completeness in terms of FICA and all other documentation requirements (e.g., ROA, Mandates etc.)
  • Drawing up closing letter per client for confirmation.
  • Change/Update of client info on all systems after necessary confirmation with client.
  • Identify opportunities for cross sell and upsell.
  • Manage workflow to CSC, i.e., follow up on completion resolution.
  • Card Matters: Card migrations, credit card limit increase/decrease/closure and loading of APO's (card)
  • Transactional Account Pricing (current account / cars etc.,)
  • Overdraft limit activations and cancellations.
  • Managing of security/collateral documentation / cession cancellations.
  • Home Loans queries: _Drafting of Home Loans Restructure agreements. Readvance disbursements. Building loans progress payments. Home loans cancellations requests.

Home Loans consolidation/subdivision requests:
- valuation requests for Building Home Loan externally and internally._

  • Power of Attorney's loading and updating.
  • Opening and closing treasury investment accounts.
  • Opening and closing of Notice Deposits/Fixed deposits/ Reinvestments.
  • Placing of notice withdrawals/Early release of investments.
  • Fraud prevention/reporting.
  • Providing Letters of good standing.
  • SARB registration for Foreign National through Non-Res/Embassy Banking.
  • Migrating of Foreign nationals account to Non-Res on repatriation.
  • Managing the onboarding/offboarding process (end to end client and product).

People Specification

  • Essential Qualification
    Matric / Grade 12 / National Senior Certificate:
-
Bachelor's degree (Investment Management / Financial Planning)

  • Minimum Experience Level
    Graduates with bachelor's degree in Investment Management or Financial Planning or similar NQF 7 commercial degree
:

-
0 -1 year experience from the financial or banking industry
:

-
65% plus marks will be considered (NB: academic transcripts will be requested)

Technical / Professional Knowledge

  • Banking procedures
  • Business principles
  • Business terms and definitions
  • Data analysis
  • Governance, Risk and Controls
  • Microsoft Office
  • Relevant regulatory knowledge
  • Business writing skills
  • Cluster Specific Operational Knowledge
  • Numeracy


Behavioural Competencies
  • Adaptability
  • Applied Learning
  • Communication
  • Customer Focus
  • Work Standards
  • Managing Work
  • Technical/Professional Knowledge and Skills
- **_Please contact the Nedbank Recruiting Team at _

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