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 plan, manage and monitor the implementation of risk activities and processes in order to deliver on approved operational plans in an effective and efficient manner. This will be mainly around financial covenants and any other responsibilities/projects allocated over time.

Managing all financial covenants across the portfolio of all clients that have Trade and Working Capital products spanning the full range of Corporate and Investment Banking and Relationship Banking.

The key responsibilities are as follows:

• Executing calculations, monitoring and reporting on all financial covenants:
• Ensuring that solid understanding and management of all approved financial covenants is adopted and maintained
• Ensuring that the approved and agreed financial covenants are recorded in the covenants management system or process
• Ensuring that there is a complete repository of all financial covenants as approved by the various Credit forum or committees.
• Ensuring that these covenants are monitored and reported upon as they fall due or as prescribed or stipulated in the client signed commercial terms
• Where there are breaches, that such breaches are reported to all the relevant stakeholders
• Proactively gather information needed to monitor these financial covenants
• Being a point of reference for all financial covenants including the calculation thereof, the breaches thereof and any issues related to the monitoring function

Please send us your CV if you have the following;

• Post graduate degree in Finance, Economics or Law or related studies
• Understanding of Trade and Working Capital Banking products
• 5 years of experience in the Financial Statement preparation and/or analysis preferably within Working Capital debt products e.g. Overdrafts

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