Fresher Officer, Preparation Job Vacancies – Stanbic Bank
Job Title: Officer, Preparation (Fresher Jobs)
Organisation: Stanbic Bank
Duty Station: Kampala, Uganda
About US:
Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited which is in turn owned by Standard Bank Group Limited (“the Group”), Africa’s leading banking and financial services group. The Standard Bank Group is the leading banking group focused on emerging markets. It is the largest African banking group ranked by assets and earnings. Stanbic Bank Uganda Limited is the largest bank in Uganda by assets and market capitalization. It offers a full range of banking services through two business units; Personal and Business Banking (PBB), and Corporate and Investment Banking (CIB).
Job Summary: The Officer, Preparation will be in charge of;
- Attending to all aspects relating to collateral documentation and routine related aspects for the Branches.
- Prepare Collateral documents against the sanction document , supporting documents and articles held.
- Prepare all collateral documents as well as supporting documents, letters, etc. via CAMS templates through the specific use of the Sanction document issued by Credit Evaluation
Key Duties and Responsibilities:
Preparation
- Check details on sanction document
- Checks sanction/corresponding authority from Credit
- Preparation of collateral documents accurately within turnaround times, in terms of the Bank’s and other legal requirements, whilst maintaining excellent service to internal customers. These documents include:
- Collateral documents
- Facility Letters
- Loan Agreements
- Validation of Supporting Documents
Problem solving
- Evaluate current processes and controls in order to address any shortcomings in the credit monitoring, management and mitigation processes.
- Evaluate documentation in support of facilities for potential legal risks due to flaws, loopholes, omissions or ambiguities in document clauses. Draw on understanding of how the deals function, as well as on a deep knowledge of company law and financial practices, to articulate and construct detailed and where required, complex legal contracts to be used in credit deals.
- Effectively manages the priorities and activities of the Credit Collateral team by identifying key value leverage points and eliminating low value work.
- Negotiation of legal agreements is developed on the basis of working towards a business-orientated solution with acceptable risk, rather than merely taking a total risk minimisation approach.
- Legal consultation access to participants within the credit risk value chain providing expert legal and technical support in the credit risk evaluation process in order to facilitate the development of acceptable risk parameters
Planning
- Planning is typically short-term, with flexibility being a strong requirement as planning may need to be adjusted often to meet changing business needs
- Legal documentation: collateral documentation in legal order, with the bank’s rights thereto being unassailable, and housed as directed.
- Returns/reports: Preparation and submission of all relevant returns/reports.
- Training and development of all Collateral staff.
- Staffs leave programmes.
Decision Making
- Suitability of staff, collateral documentation, legal action, systems and controls, processes, procedure and external attorneys/council/liquidators/administrators.
Qualifications, Skills and Experience:
- The applicant for the Stanbic Bank Officer, Preparation job must hold a tertiary related qualification
- Understanding of the bank’s products and facilities. Understands the terms of the facilities, and the conditions that will need to be compiled with over the duration of the facility’s life to ensure that legal risk is effectively restricted.
- Knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, and the variety of lending mechanisms and types of collateral that may be used.
- Understanding of relevant registration processes.
- Understanding of the bank’s internal controls and processes, specifically relating to the drafting, execution, management and custody of all facility letters / loan agreements / collateral documentation.
- Computer literacy, legal drafting skills, risk management ability and problem solving
- Preferable to have banking experience, particularly pertaining to banking processes with regard to collateral documentation and the operation thereof.
How to Apply:
All interested and qualified candidates should apply online at the link below
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