Job Title:       

Organisation: Stanbic Bank

Job ID: 21142

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 Manager Rehabilitation & Recoveries will oversee 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. The incumbent will also manage staff in the Rehabilitations and Recoveries function.

Key Duties and Responsibilities:  

Credit Risk Management:

• Establish a centralised, integrated and seamless Rehabilitation and Recoveries model that supports the business objectives of the Credit function.
• Ensure 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 matters.
• Report any breaches and exposures to the business unit head and/or the division’s Regulatory Compliance Officer.
• Design, implement, monitor and maintain a long term strategic plan for (Country name) Rehabilitation and Recoveries, together with a short, medium and long term execution framework to support this vision.
• Create and sustain a core competency in strategic Rehabilitation and Recoveries methodologies that enables sound collections management.
• To manage and control Rehabilitation and Recoveries strategies and campaigns within the Rehabilitation and Recoveries environment with the aim of maximising collection effectiveness and efficiency.

 Strategy Management:

• Design, implement, monitor and maintain a long term strategic plan for (Country name) Rehabilitation and Recoveries, together with a short, medium and long term execution framework to support this vision.
• Create and sustain a core competency in strategic Rehabilitation and Recoveries methodologies that enables sound collections management.
• Manage and control Rehabilitation and Recoveries strategies and campaigns within the Rehabilitation and Recoveries environment with the aim of maximising collection effectiveness and efficiency.

Operational Management:

• Ensure 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 met.
• Control and maintain provision adequacy at the correct levels.
• Reduce forward, roll rates and prevent accounts from moving into impairment bearing brackets.
• Manage and give input to system developments, costs and Collection strategies through the introduction of best practice and maintaining appropriate and uniform Rehabilitation and Recoveries policies and practices across all portfolios.
• Regularly monitor adherence to internal controls and enhance procedures, in need.
• Accountable for collection rates to be maintained at an agreed percentage of gross monthly average assets under management.
• Accountable for the net Income Statement charge to be managed within agreed budget in relation to total performing assets.
• Undertake comprehensive business and financial assessments on identified businesses and/or accounts and make remedial proposals based on the available information.
• Operate within delegated authority levels, and ensure that incumbents within the department also have sufficient mandate levels to ensure efficient business operations.
• To utilise all rehabilitative strategies in addressing deteriorating risk accounts.
• Ensure repossession of any financed items where deemed necessary in protection of the bank’s interests and ensure that laid down repossession procedures are followed.
• Maintain a high level of customer service.
• Any ad-hoc function delegated by the Head of Credit.
• Ensure that all monthly, quarterly and annual credit risk, non-performing loan and other statutory returns/reports are properly prepared, signed off and submitted within set deadlines.
• Control and monitor the outsourced recovery process.
• Peruse Internal Audit reports and ensure that any shortcomings highlighted with regard to Rehabilitation and Recoveries have been sufficiently addressed.

People Management:

• Establish an effective Rehabilitation and Recoveries team, ensuring that all the required functions are adequately and timely addressed.
• Ensure capacity planning and succession planning is in place.
• To assist Human Resources with the implementation of HR policies and people management practices such as resourcing, equity, and performance management.
• Ensure that Rehabilitation and Recoveries team is competent, trained and that the correct, structure culture and leadership qualities are introduced and maintained.
• Increase awareness amongst staff of any statutory governance or legislation that is applicable to the Rehabilitation and Recoveries environment through appropriate training and accreditation interventions.
• Partnership
• Build a sound and effective partnership model with the Head of Credit and other executives in Standard Bank.

Qualifications, Skills and Experience:

• The applicant for the Stanbic Bank Manager Rehabilitation & Recoveries job placement should hold a Business-oriented / Legal degree e.g B.Comm, LLB or CA(SA)
• Possession of a post-graduate qualification would be an added advantage
• At least three to five years’ experience in managing a Rehabilitation and Recoveries unit.
• At least three to five years’ experience in a Retail risk management environment.
• Sound and thorough knowledge of SBSA Credit risk management policies and procedures.
• Ability to identify adverse trends and implement corrective tactics timeously.
• Sufficiently computer literate to understand how systems can be leveraged to optimize business returns.
• Working knowledge and understanding of the regulatory environment governing financial services in the Personal and Business Banking markets.
• Sound project management skills.
• Ability to exercise judgment in resolving problems appropriate to the position.
• Ability to work within a matrix structure whilst holding responsibility for the outcomes.
• Excellent knowledge of collection systems and strategies.
• Excellent presentation skills.
• Good knowledge of HR policies/procedures and labour relations.

How to Apply:

All candidates who wish to join the one of Africa’s biggest Banking Groups, Standard Bank in the aforementioned capacity are encouraged to Apply Onlineby visiting Link below.

Click Here

Deadline: 22^nd February, 2017

The post Manager Rehabilitation & Recoveries is needed at Stanbic Bank first appeared on Uganda Multimedia News & Information.

Job Title:     

Organization: East African Underwriters Limited (EAUL)

Duty Station: Kampala, Uganda

Reports to: Chief Executive Officer

About US:

East African Underwriters Limited (EAUL) is a member of the Liberty Group and a joint venture with the Madhvani Group. Liberty is a multinational group of companies operating in the financial services industry.

Job Summary: The Risk and Compliance Officer will act as the subject matter expert to maintain, support and monitor the implementation of the relevant components of Enterprise Risk Management and Compliance to ensure that they are fully complied to.

Key Duties and Responsibilities:  

• Support the CEO in driving and supporting the implementation of all risk and compliance frameworks and policies within the business and to provide oversight and monitoring of risk and compliance.
• Build and maintain networks and relationships with internal and external stakeholders in order to achieve and promote the development of Enterprise Risk Management and Compliance.
• Keenly analyse and manage data quality within the relevant risk and compliance systems including reports, and to drive actions to improve data quality.
• Offer support in the development of standards, procedures, guidelines, templates to support the implementation of Risk and Compliance policies and frameworks.
• Ensure that adherence to statutory, supervisory and regulatory requirements are monitored and reported on to the relevant stakeholders.
• Continuously and proactively liase, advise, communicate, and provide risk and compliance support to relevant internal and external stakeholders to assist and support the meeting of statutory, supervisory and regulatory requirements.
• Prepare and consolidate compliance and risk reports to inform management decision making.
• Offer support in the implementation of business continuity.
• Ensure that a compliance and risk culture is embedded within the organisation by means of appropriate training and development, and awareness initiatives.
• Assist with ensuring that all methodologies are in line with best practices, both nationally and internationally.
• Assist with insuring that required legislation is implemented in the business by means of relevant processes and controls.
• Provide support to the business in identifying, assessing, treating, monitoring and reporting of all risks in terms of controlled self-assessments.
• Support the business in identifying root causes of control breakdowns in terms of both risk and compliance.
• Convening board meetings as well as shareholder meetings and regular management Committee meetings
• Compiling and circulating agenda, board/committee packs, attending meetings, taking and preparing minutes and resolutions as well as maintaining statutory records for companies.
• Ensure that the Board is run in terms of King III principles.
• Prepare statutory returns to the regulators and resolutions for companies
• Ensure compliance with legislation and regulatory requirements as well as Best International Practices on Corporate Governance
• Ensure the lodging of correct information and forms with Regulators
• Attend to shareholder queries and act as liaison officer between the shareholders and Transfer Secretaries
• Assist with the preparation of the annual financial statements for the company.
• Establish & maintain healthy relationship with all Regulators.
• Get Board approval of all Policies required for the day to day running of the business.
• Provide support to the Board by arranging training for the Board Members
• Ensure implementation of board resolutions.
• Provide legal advice upon request and on a pro¬active basis in anticipation of changes in the business environment.

Qualifications, Skills and Experience: 

• The applicant must hold a BA (Law) or LLB
• Possession of a Post Graduate Diploma in Risk and/or Compliance Management would be an advantage.
• A minimum of five years of risk and compliance experience within the Financial Services Industry
• A minimum of two years of risk and compliance experience in general insurance industry.
• Financial services industry
• General Insurance knowledge
• Legislation and regulations pertaining to risk and compliance (Working knowledge of principles of project management
• Broad knowledge and understanding of processes and controls
• Governance practices and procedures – best practice
• Knowledge of Company structure, articles of association for respective entities, delegation of authority and meeting procedures in terms of the board charter and terms of reference for the various board sub-committees
• Shareholder administration and communicating with Transfer Secretaries
• Presenting and Communicating Information
• Analysing
• Learning and Researching
• Delivering Results and Meeting Customer Expectations
• Adhering to Principles and Values
• Persuading and Influencing
• Creating and Innovating
• Planning and Organising
• Following Instructions and Procedures
• Adapting and Responding to Change

How to Apply:

All suitably qualified and interested candidates should send their applicationsto:  ghrm@madhvani.org

Deadline: 15^th February, 2017

The post Risk and Compliance Officer needed at East African Underwriters Limited (EAUL) first appeared on Uganda Multimedia News & Information.