18 Jul 2022

Securities & Documentations Manager at Absa

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Job 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

To manage securities and documentation team within Credit Risk from people, process and control point of view.
Main accountabilities and approximate time split

Job Description

  • Critically review processes from efficiency point of view and make recommendation for process improvement.
  • Participate in process improvement and other change initiatives on behalf of the securities and legal function
  • Compile management information (MI) on personal productivity, outstanding security and facility documentation by Relationship Manager and for Retail and other related activities.
  • Checking that the facility and security documents correspond to the credit approval and that documents are complete, correctly stamped,  and that all legal and credit requirements have been mate and adhered to
  • Reviewing, quality controlling and auditing information containing in the Securities Documentation System
  • Making sure that securities/facilities checklists and instructions are adhered to by the business
  • Signing off securities confirmation certificates
  • Ensure annual security and facility documents review of Top 30 client’s is conducted by and in conjunction with legal
  • Advising the business and other functions on various securities and legal matters
  • Interfacing with external lawyers on all issues relating to the preparations and perfection of securities and facility documents
  • Administer payments for services extended by external lawyers to and/on behalf of the bank
  • Monitoring and examining the    quality of services rendered by the Bank’s External Lawyers  in according to the Service Level Agreement
  • Interfacing with valuers on all issues related to the valuation of the properties offered to the Bank as collaterals and payments for the services thereof and negotiate improved service level agreement on annual basis.
  • Interfacing with insurers on all issues related to the insuring of the properties offered to the Bank as collaterals and due renewal of the policies thereof and negotiate improved service level agreement on annual basis.
  • Identifying new and emerging risks associated with securitization processes
  • Reviewing, controlling and signing off all securities and facility documents and others prepared by the team members
  • Preparing complex and technical securities documents in conjunction with internal Legal
  • Following up on remediation actions agreed on Bank securities and Facility documents held
  • Controlling and following up on all transfer transactions for staff home loans
  • Ensuring that documents received by securities team from other functions are recorded in the logs, updated in the system and filed safely in the strong room.
  • Respond, attend and manage general correspondence relating  to facility and securities.
  • Attend Risk Meetings prepared and/or handled by RCU
  • Performing any other duties as assigned and directed by the Head of RCU


Higher Diplomas: Business, Commerce and Management Studies (Required)

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Method of Application

Submit your CV and Application on Company Website : Click Here

Closing Date : 31st July, 2022.

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