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 bank
Job Purpose
Be a member of BSR Rest of Africa Team.
To identify, manage and provide advice in connection with distressed and defaulted exposures within the Corporate and Investment Banking clients and Business Banking Clients in line with the BS&R Mandate as revised from time to time.
To provide leadership on all matters pertaining to distressed and default exposure.
The role holder will primarily be responsible for maximizing recovery of bad debts including those previously written off in the bank’s books.
He/She will be responsible for maintenance of the accounts in the BS&R portfolio by ensuring compliance with both internal and regulatory and procedural controls and guidelines.
He/She will also take responsibility for ensuring timely and accurate completion and submission of management information on the portfolio to all stakeholders in accordance with laid down procedures and act as a point of contact with all relevant stakeholders on BSR matters.
Key Responsibilities/Accountabilities
Responsible for management of NPL names (primary responsibility) with decisions approved through Ad-hoc and monthly NPL committees.
Act as key account liaison to deal with queries and issues from Relationship Managers, Risk , Operations and Collateral Teams as well as with external professionals such as valuers, auctioneer’s, lawyers, receivers etc. on matters relating to Non-Performing Loans
Responsible for advising CIB/ BB on performing loans showing signs of distress (Close Monitoring, Watchlist names). This will be executed through but not limited to Portfolio Rapid Risk Reviews, Close Monitoring and Watchlist Committees.
Provide recommendations to improve business and banking risk and enhance customer relationships to Business and Credit Teams.
Brief Heads of Business to enable them to lead negotiations with watch listed names. .
Responsible for recommending impairment requirement (provisions) to the CIB/ BB Specific Debt Provisioning Forums (chaired by Chief Risk Officer, meeting held monthly.
Ensuring internal, IFRS, and regulatory provisioning requirements are met.
Responsible for collecting and maintaining loan loss database. Database updated as and when exposures change, or material recovery event occurs.
Assess counterparties, the current security position and where appropriate take additional security.
Participate and sometimes lead Rapid Risk Reviews for Kenya in order to identify potential watch list and non-performing loans early.
Be involved and influence client visits and negotiations to manage credit recovery processes including restructure and or renegotiation of facilities.
Provide advice to various stakeholders on credit recovery administration and liquidation / receivership processes.
Document and communicate relevant decisions to all relevant stakeholders.
Assist with relevant reporting returns and provide advice on these where required.
Participate in industry initiatives from time to time
Preferred Qualification and Experience
Relevant Business Degree.
Minimum 5 years banking experience covering Credit; Corporate and Investment Banking. Experience within a BS&R environment an added advantage
Knowledge/Technical Skills/Expertise
Specialist knowledge
Demonstrates a clear understanding of the role BS&R should perform within CIB/ BB and must be able to provide direction and strategic thinking where appropriate in relation to distressed and defaulted exposures.
Should have sound knowledge in
accounting and financial principles
credit risk management
Business Banking
investment banking
corporate banking
Legal principles related to lending; collateral rights; insolvency law and business rescue
And ability to translate and apply this knowledge to optimise positive outcomes.
Risk Management
Understands and manages strategic and operational risk including understanding and conforming to the relevant processes and procedures within BS&R, BB and CIB.
Competencies required in delivering accurate and relevant results and assessing risk including attention to detail, delivery of accurate and relevant research, proactive and timely delivery of requirements, ownership of problems, understanding of impact of non-delivery and sub-standard performance.
Must show decisiveness in recommending for problem accounts to be put on Watchlist when trends or available information show a deterioration in risk profile of clients.
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