Absa Africa Collateral controller Jobs in South Africa

Absa Africa Collateral controller Jobs in South Africa


  • 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

  • Come join our team as a Collateral Controller. In this role you will be responsible for the monitoring of STCF transaction conditions (“CP”) both standard and special CP’s documented in the Facility Agreement, Specialist Report and Credit Approval. As well as the inspection of pan Africa storage sites when required as per Facility Agreement, Specialist Report and Credit Approval. Doing visits to other Absa offices across pan Africa to build relationships, give training and assist clients and colleagues where required

    Your key accountabilities will include;

  • Interacting and working with front office, deal managers, product credit, product management, Risk Control Group (“RCU”), securities, legal and clients across pan Africa and give support and/or training when required.

  • Providing comfort to STCF in relation to the risk management of the portfolio’s collateral and conditions across pan Africa, ensuring it is managed in line with the documents mentioned

  • Conducting on-site inspections (e.g. of service providers, warehouses and other storage and logistic infrastructure, transportation and assaying equipment) in order to be correctly informed of the nature of the movement and control of the collateral under consideration.

  • Conducting or ensuring regular on-site inspections are conducted throughout the duration of a transaction, to confirm the continued suitability of the facilities, the service provider, as well
    as their infrastructure, control systems and resources, for the particular transaction.

  • Attending pre-implementation meetings prior to the on-boarding of new STCF clients and / or transactions with all relevant ARO stakeholders to provide advice on the management and flow of collateral being financed and proactively propose risk mitigants arising from such structures.

  • Understanding and adhering to the Absa policies and procedures governing credit-, product- and reputational risk as well as any policies in accordance with regulatory and/or compliance approvals. Collateral and CP monitoring and management

    Send in your CV if you have;

  • A B-degree

  • 5 years of more experience in a Structured Trade and Commodity Finance or similar Operation Business environment,

  • Knowledge and experience in the practicalities of collateral management, logistics and Insurance.

  • Knowledge of third party service providers suited to the STCF business

  • Knowledge of, and experience in the negotiation, implementation and management pertaining to all aspects of service provider agreements.

    Education

  • Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required).

    How to Apply

  • For more information and job application details, see; Absa Africa Collateral controller Jobs in South Africa


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