Job Description

FNB broader Africa is looking to fill an exciting but challenging role managing the post pay-out credit risk of the portfolio (early risk identification to workout and recoveries)
1. Lending asset portfolio covering SME, Commercial (FNB), Corporate (RMB), Asset Based Finance (Wesbank) and Financial Institutions (banks and non-bank)
2. Across various sub-Saharan jurisdictions.
3. The roles focusses on FirstRand’s broader Africa (i.e. excluding South Africa) portfolios, where the respective countries are the risk taker.
At the same time improving efficiencies and processes, while dealing with ad-hoc challenges that a wide-ranging portfolio across various jurisdictions present from time to time.
Strong influencing, collaboration and teamwork skills need to be applied to support the various in-country teams. A commercial or legal mind, with the ability to problem solve, think quickly and commercially on his / her feet.

Hello Future Credit Head

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.

As part of our Broader Africa talent team, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change. 

Identify potential financial risk that the annual business plan might bring about and ensure measures are taken to manage that risk against the financial expenditure budget.

Are you someone who can:

Take primary responsibility for debt restructuring (and chairing the debt restructuring credit committee) but also be required to manage the ongoing- or post payout risk management.SME portfolio risk and legal recoveries functions.Support the early risk manager in keeping a health-check on the performing portfolio from an expiring annual review, covenant monitoring, excess / arrears and imperfect collateral point of view.Support the SME portfolio risk manager and team from a best practice, cost efficiency and portfolio monitoring point of view.Support the head of legal recoveries from a strategic and complexity point of view in respect of both the NPLs and off-balance sheet / residual portfolios.Has an appetite for ongoing process improvement, dealing with the next new challenge. whether it be e.g. the integration of a new acquisition or the exit of a legacy challenge and constant 'thinking out the box'.

In addition to the above there will be the normal functions expected in a role of this nature. Including but not limited to:

Annual review and approval of distressed credit mandates, charters, related policy and procures.training and development of team in SA and wider team in the various countries.preparation for audit (internal and external) and resolution of findings.guidance and support in any system enhancements or conversions.preparation, attendance and input at portfolio committees, excos, provision committees, model technical committees.ad hoc attendance at credit origination meetings to ensure risk observations and learnings are shared and considered upstream.attending to direct reports’ performance and development reviews.

You will be an ideal candidate if you:

Have a LLB; and / or CA(SA); and / or MBA; and / orDiploma: Insolvency Law; and / or Diploma in Business Rescue or Advanced short course in Business Rescue Practice; and / or Similar legal, business, insolvency, business rescue qualifications.At least 15 years working experience; and / or / preferably.In a Banking, Financial Services or Legal environment; and / orRelated to Commercial, Corporate, Asset Based Finance, FI exposures (not Retail); and / or / preferably.Exposure to various jurisdictions in sub-Saharan Africa, or differing cross-border commercial and legal jurisdictions.

Important to note:

A fair degree of international travel will be required, reducing as relationships are built and trust earned. Ad hoc crises may require country visits as and when required.Shortlisted candidates will be required to attend a full day scoping workshop, where there will be an opportunity to demonstrate their skills and ability to add value. Also to understand the role, scope of work and portfolio coverage.Directly manage a local team of 3, and a further approximate compliment of 30 indirectly, across various countries / subsidiaries, by way of influence, collaboration, training and development.

Job Details

Application Closing Date

10/05/24

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.