Empowering Africa's tomorrow, together…one story at a time.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
CIB IBD team is looking for a Debt Middle Office Analyst to represent the Bank as a Lender post-deal implementation and to be responsible for the cradle-to-grave management of a portfolio of structured & vanilla debt transactions. Empowering Africa's tomorrow, together…one story at a time. 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
CIB IBD team is looking for a Debt Middle Office Analyst to represent the Bank as a Lender post-deal implementation and to be responsible for the cradle-to-grave management of a portfolio of structured & vanilla debt transactions.Job Description Accountabilities, Competencies & Experience Responsibilities Responsibility for managing a discrete portfolio of clients in asset finance transactions. The key responsibilities are as follows:
Execute consents, amendment, and waiver requests
• Transaction Manager to ensure that a solid understanding of loan agreements and deal structure is adopted and maintained
• Ensure client requests are clearly understood and impact thereto as part of request assessment
• Provide thorough summaries and motivations to credit when seeking credit approvals
• Proactive engagement with credit, legal, product and coverage teams in resolving clients requests
• Ensure that the required internal credit, product, and legal approvals are received prior to communicating the bank approval to external clients and or Agent banks
• Effective communication with Agent banks and clients on requests
• Alert internal teams on a need-to-know basis where these approvals may impact them e.g. TCU & Trading team where the facility has been extended or re-priced. Critical to understand public vs private teams so that we know what information can be shared between teams.
A point of reference for Loan Ops, Credit, IBD, Portfolio, and Agent Banks and Borrower including the production of required management information
• Assist internal teams with adhoc requests pertaining to portfolio
• Assist in producing management reports for the Transaction Management portfolio
Attendance of client site visits and lender meetings for the respective portfolio
• Accompany coverage and product bankers on external and internal client meetings and site visits
• Produce summary notes of meetings for internal team purposes
• Be an active participant in these meetings and proactively contribute to resolutions of issues hereto
Ensuring clients adhere to their information and financial undertakings pursuant to the finance documents including a review of the information undertakings
• Ensure that the transaction mangers deal portfolio is reviewed for accuracy & completeness for all information and reporting obligations that should be captured on Mentis or a similar IT tool for the business.
• Timeous requesting of information undertakings from clients and or Agent banks on syndicated deals and keeping Credit and Export Credit Agency appraised of status.
• Baring financial undertakings, all other information undertakings e.g. Lenders technical advisor & operator reports must be thoroughly reviewed and issues escalated to product or credit teams accordingly.
Ongoing notifications to the trader pertaining to margin ratchets
• Utilise the relevant system to diarise margin ratchets.
• Diarising alerts to be created for deals where credit rating-related pricing ratchets apply.
• Upon review of the compliance certificate or rating alert, to advise Trader of margin increase to the extent applicable.
• Proactive engagement with Trader to ensure there is a clear communication and understanding so that client loan requests are executed effectively.
Risk Management • Ensure 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 Understand and manage risks and risk events (incidents) relevant to the role.
Communication
• Proactive engagement with internal stakeholders about client's requests or information received.
• Professional communication at all times with external clients.
Competencies
• Technical Knowledge
• Personal & Interpersonal skills
• Commercial Effectiveness
• Management & Leadership
• Business skills
• Control Environment
Knowledge and Skills Because the nature of the environment is structured, every transaction is unique and an understanding of every deal is required.
• Legal agreements of the transactions and related transaction documentation.
• Understanding of financial markets and general business acumen
• Is adaptable to different environments, people and personalities.
• Computer literacy
• Planning and organising
• A strong communicator that can influence stakeholders
• A good understanding of the current economic environment including topical financial or credit matters
• A team player that contributes to increased efficiency within the business
Education
Postgraduate degree in Finance
Experience
• A solid understanding of Investment Banking debt products.,particularly in the Power and Utilities , Oil and Gas sector, Structured Lending, Corporate Lending
• A solid understanding of credit and loan documents is preferred.
• Previous transaction management experience specifically pertaining to executing waivers & amendments to debt transactions.
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 About UsTruly AfricanWe are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Absa Group Limited is listed on the JSE and is one of Africa's largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
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