Trade Risk Manager

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

In this role you will be responsible for overseeing the compliance with collateral management, monitoring conditions and financial covenants in loan agreements, credit facilities, or other financial arrangements between a borrower and a lender in relation to Trade & Working Capital Products.

Job Description

In this role your key accountabilities will include the following:

1. Ensuring that the borrower adheres to the financial metrics and conditions set forth in the terms of the loan agreement.
2. Tracking the borrower’s performance against these covenants and conditions and helping mitigate the risk of non-compliance or potential defaults.
3. Managing the interface with front office, middle office and back office and all internal infrastructure (Credit, Agents) partners to ensure a smooth client experience during the lifecycle of the deal.
4. Providing training and support and managing the account onboarding service to new clients.
5. Ensuring that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Absa Policies and Policy Standards.
6. Understanding and managing risks and risk events (incidents) relevant to the role.

Send us your CV if you have the above required experience as well as:

1. A Bachelor’s degree in Finance, Economics, Commerce, Banking, Technology or a Post Graduate degree or MBA preferably.
2. 5 or more years of experience in security risk management (collateral management, financial covenants).
3. 5 or more years of Trade Operations and Banking experience.
4. 2-3 years of experience managing or leading a team with a collateral and/or risk management function.
5. Knowledge of regulatory and statutory requirements: Basel III/IV.

Education

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

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised.