Risk Management Unit Team Leader

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To ensure all specialist trade deals meet transactional requirements aligned to the product specific frameworks / standards, and monitor the trade life cycle to ensure contractual obligations are met and risk is managed.

Qualifications

Degree in Business, Finance or any related qualification

Additional Information

Experience:

• 3-4 years in Trade services experience and knowledge, including Back to Backs, Open Account Trade Finance, Risk Participation, Trade Loans, Exchange Control and Escrow accounts.
• Experience and knowledge of Trade loans and commodity finance
• Previous Corporate Banking experience within trade operations or relevant transaction management units.

Key Responsibilities:

• Execute payment due diligence processes and procedures within prescribed turnaround times, ensuring compliance with Exchange Control rulings, regulatory requirements, and internal policies, while engaging relevant stakeholders to facilitate accurate transaction processing, reduce rework, and maintain high service standards.
• Provide guidance and support to internal and external stakeholders in support of Payments strategic objectives, ensuring adherence to service level agreements (SLAs), delivering quality service, and fostering strong customer and business partner relationships.
• Promote a culture of accuracy and quality by minimizing processing errors, rework, human incidents, and associated financial impacts.
• Coordinate and support internal control reviews, internal and external audits, Financial Intelligence Centre (FIC) reviews, compliance reviews, and regulatory inspections by ensuring the timely provision of accurate information, documentation, and responses.
• Monitor and track audit, compliance, and regulatory findings, ensuring that agreed action plans are implemented within prescribed timelines and that identified risks are appropriately mitigated.
• Maintain audit readiness by ensuring payment validation processes and records comply with applicable Exchange Control rulings, regulatory requirements, internal policies, and control standards.
• Collaborate with relevant stakeholders to facilitate the effective management of audit, compliance, and regulatory engagements, supporting continuous improvement of controls and operational processes

Behavioural Competencies:

• Adopting Practical Approaches
• Checking Things
• Developing Expertise
• Interacting with People
• Providing Insights

Technical Competencies:

• Continuous Process Improvement
• Data Analysis & Administration
• International Market Knowledge
• Legal Compliance & Risk Reporting
• Local Market Knowledge