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About this job
Job Purpose
Manage and direct staff in the Rehabilitation and Recoveries function to ensure the effective and efficient recovery of the total arrears across all portfolios and achieve deliverables in terms of agreed strategy; develop and maintain relationships with other functions of the Standard Bank Group as well as other stakeholders
Key Responsibilities/Accountabilities
Credit Risk Management Establish a centralized, integrated and seamless rehabilitation and recoveries model that supports the business objectives of the Credit functionEnsure compliance with statutory, regulatory and supervisory requirements to protect the reputation of the Group and to avoid legal action/sanction in respect of regulatory compliance mattersReport any breaches and exposures to the business unit head and/or the Division's Regulatory Compliance OfficerStrategy ManagementTo design, implement, monitor and maintain a long-term strategic plan for Tanzania Rehabilitation and Recoveries together with a short, medium and long-term execution framework o support this visionCreate and sustain a core competency in strategic Rehabilitation and Recoveries methodologies that enables sound collections managementTo manage and control Rehabilitation and Recoveries strategies and campaigns within the Rehabilitation and Recoveries environment with the aim of maximising collection effectiveness and efficiencyOperational ManagementEnsure that the correct level of specific debt provision is raised in line with regulatory requirements and the Bank's internal procedures as well as ensuring that all set targets for the reduction/recovery of debt are metControl and maintain provision adequacy at the correct levelsReduce forward, roll rates and prevent accounts from moving into impairment bearing bracketsPeople ManagementEstablish an effective Rehabilitation and Recoveries team, ensuring that all the required functions are adequately and timely addressedEnsure capacity planning and succession planning is in placeTo assist Human Capital with the implementation of HC policies and people management practices such as resourcing, equity and performance managementPartnershipBuild a sound and effective partnership model with the Head of Credit and other executives in Standard Bank
Preferred Qualification and Experience
3-5 years experience in managing a Rehabilitation and Recoveries unit3-5 years experience in a Retail risk management environmentBusiness-oriented or Legal post-graduate qualification (e.g B.Comm, LLB)
Knowledge/Technical Skills/Expertise
Sound and thorough knowledge of Credit Risk management policies and proceduresAbility to identify adverse trends and implement corrective tactics timeouslySufficiently computer literate to understand how systems can be leveraged to optimize business returnsKnowledge and understanding of the regulatory environment governing financial services in the Personal and Business Banking markets
Manage and direct staff in the Rehabilitation and Recoveries function to ensure the effective and efficient recovery of the total arrears across all portfolios and achieve deliverables in terms of agreed strategy; develop and maintain relationships with other functions of the Standard Bank Group as well as other stakeholders
Key Responsibilities/Accountabilities
Credit Risk Management Establish a centralized, integrated and seamless rehabilitation and recoveries model that supports the business objectives of the Credit functionEnsure compliance with statutory, regulatory and supervisory requirements to protect the reputation of the Group and to avoid legal action/sanction in respect of regulatory compliance mattersReport any breaches and exposures to the business unit head and/or the Division's Regulatory Compliance OfficerStrategy ManagementTo design, implement, monitor and maintain a long-term strategic plan for Tanzania Rehabilitation and Recoveries together with a short, medium and long-term execution framework o support this visionCreate and sustain a core competency in strategic Rehabilitation and Recoveries methodologies that enables sound collections managementTo manage and control Rehabilitation and Recoveries strategies and campaigns within the Rehabilitation and Recoveries environment with the aim of maximising collection effectiveness and efficiencyOperational ManagementEnsure that the correct level of specific debt provision is raised in line with regulatory requirements and the Bank's internal procedures as well as ensuring that all set targets for the reduction/recovery of debt are metControl and maintain provision adequacy at the correct levelsReduce forward, roll rates and prevent accounts from moving into impairment bearing bracketsPeople ManagementEstablish an effective Rehabilitation and Recoveries team, ensuring that all the required functions are adequately and timely addressedEnsure capacity planning and succession planning is in placeTo assist Human Capital with the implementation of HC policies and people management practices such as resourcing, equity and performance managementPartnershipBuild a sound and effective partnership model with the Head of Credit and other executives in Standard Bank
Preferred Qualification and Experience
3-5 years experience in managing a Rehabilitation and Recoveries unit3-5 years experience in a Retail risk management environmentBusiness-oriented or Legal post-graduate qualification (e.g B.Comm, LLB)
Knowledge/Technical Skills/Expertise
Sound and thorough knowledge of Credit Risk management policies and proceduresAbility to identify adverse trends and implement corrective tactics timeouslySufficiently computer literate to understand how systems can be leveraged to optimize business returnsKnowledge and understanding of the regulatory environment governing financial services in the Personal and Business Banking markets