Specialist - Business Support

5 months ago


Johannesburg, South Africa Absa Bank Limited Full time

Bring your possibility to life Define your career with us
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary

To carry out quality risk assessments, client strategy formulation, client interaction and delivery of turnaround and managed exit strategies to a portfolio of customers experiencing financial stress, which are defined as Watch(WL) List 2 or worse.

**Job Description**:
1) Credit Risk Management
- Manage and monitor a portfolio of clients within the Business Support environment

against the determined strategy of either “Turnaround” or “Managed Exit”.
- Lead negotiations with customers, other lenders, creditors and 3rd party.

o Facilitate the credit sanctioning process by responding to sanctioned enquiries i.e. non

been submitted under the mandate holder's signature.
- Manage exposures by taking daily credit decisions and reviewing information from

various systems e.g Credit Management System, and taking credit decisions accordingly.

submitted to Business Support in liaison with the Relationship Executives (RE).

3
- Request and drive valuations on properties from RE’s/business units, which serve as

security for facilities to be used to calculate impairments.
- Champion the Business Support team’s relationship with internal and external

customers, develop a strong network of internal contacts, external and panel

professionals to maximise financial benefit for the Bank.
- To drive the implementation of appropriate strategies and/or risk mitigation measures in the

client portfolio with a view to reducing the Capital at Risk.
- Inputs into the fortnightly/monthly impairment forecasting, as required from time to time.
- Proactively manage Business Rescue as governed by Chapter 6 of the Companies Act of

2008, and in alignment with the existing Business Support Procedures for time to time.
- Monitor the client’s business performance on a continuous basis, in addition to performing

formal reviews at specified time intervals, to ensure early identification of changes to the

client's risk profile.
- Analyse the clients' historical data i.e. financial statements to forecast the client’s

potential growth and sustainability and make recommendations or take decisions

within mandate.
- Ensure client meets financial covenants and the facility terms and conditions on a

monthly basis by reviewing in line with the agreed covenants/terms and

conditions/timelines.
- Structure a lending solution for the client based on the analysis conducted, that will account

for the potential threats to the client and, that is within set credit limits and the Bank's credit

lending policies and appetite.
- Review and recommend the impairment calculations (based on Capital at Risk), strategy to be

adopted and WL risk classification for each client, which forms part of the WL Watch List

summary for all clients under his/her control.
- Review the Impairment/Capital at Risk calculation, on a monthly basis and sign off in line

with the Bank’s policies.
- To manage the clients' value to Absa through optimising revenue opportunities i.e.

pricing for risk in terms of the Pricing policy.
- Mitigate and manage the credit exposure to the Bank by adhering to the Business

Support Policy and Procedures and the Bank's Credit policy.
- Interact with clients, where necessary, and resolve on a timely basis, all client credit related

problems/queries as and when required by interacting with the stakeholders and

formulating the appropriate solution/strategy to be adopted for a particular client.
- Maintain thorough, accurate and up to date case management recordal, which include

a set of financials, evaluations and credit decisions.
- Obtain input from Product Industry Specialist/s, where appropriate, for assistance in

analysing the risk for specific clients.

Ensure that the monthly Watch List is accurate and completed in line with the relevant

policies and procedures.

5

2) People Management
- Ensure adherence to Absa’ values.

3) Change Management
- Assist with the execution of strategic projects (as required) from time to time.

4) Stakeholder Management
- Raise local profile in the team as well as the broader Group Risk team and business

partners

5) Governance
- Ensure that only decisions within mandate are taken
- Ensure that standards in line with Absa/Absa policies are maintained
- Ensure that processes and procedures are followed and complied with
- Comply with the Bank’s credit policies and philosophy at all times, and check that any policy

breaches have been suitably addressed and mitigated against and reported to the appropriate

authority e.g. Forensics.
- Provide bank codes and reports on clients, to other financial institutions as and when

requeste



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