Senior Specialist: Credit Restructuring - Sandton, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

Bring your possibility to life Define your career with us

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

Leading and directing the strategic delivery of the Absa CIB Credit watch-list/distressed portfolio by maintaining and embedding a solutions-focused mindset; driving and informing the right level of debate; focusing on execution within agreed timeframes, whilst achieving the desired balance between risk and reward.

Job Description:

The role encompasses significant technical, tactical and strategic complexity, balancing the principles of risk mitigation and loss minimization whilst retaining clients where appropriate, thereby acting as a trusted risk approver/sanctioning/advisor to affected stakeholders.

This role also provides a single point of contact for the CIB Credit Distressed Debt and Watch-list Portfolio exposures that are managed by the CIB Special Asset Management (SAM) Team.

The incumbent will provide the necessary oversight of ARO in-country Business Support/Distressed Asset portfolios.

Purpose of the role

Distressed Asset Review and Sanctioning Officer

Internal and External Stakeholder management

Credit Risk and Business Management

CIB Watchlist and Impairments Committee coordination

Review of client strategies, strategy sheets and impairments

CIB Impairment forecasting

Policy and Guideline reviews

Education

Bachelor's Degrees and Advanced Diplomas:
Business, Commerce and Management Studies (required)