Job details

Collateral Manager

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Job Description

Oversee the Collateral Function and provide Collateral Management Oversight, direction, solutions & services to FNB Zambia. To ensure on-going robust security posture over the Bank’s Collateral at all times in compliance with Bank Policies, Statutory and Regulatory requirements. Assist the business in the implementation of policies to comply with Collateral Manual/framework, regulatory requirements and business processes

Enablement of shareholder value through integrated frameworks, guidelines, policies, standards and resource optimisation;
Development of strategies to protect the bank against potential financial losses arising from Collateral Management issues;
Establish, align and manage target and budget goals whilst ensuring effective control of costs for the function to increase cost efficiency;
Ensures professional excellence by establishing a high level of organisational co-operation and provides professional consultative support to the bank.
Cultivate and manage objective working relationships with a variety of stakeholders, including external lawyers, FirstRand Group, business and external stakeholders and industry bodies to ensure business is in the position to obtain expert opinion on specialist areas of law.
Maintenance of expert knowledge on relevant legislation, industry best practices and provision of proactive advice and solutions to relevant stakeholders. Research and provide solutions on a variety of issues and new business projects within the business to proactively identify, assess and manage Collateral risk.
Provision of strategic support and value to the Chief Transformation and Operations Officer, EXCO, senior management and the Board of Directors of the Bank as required.
Development and enablement of integrated Collateral strategies, tools, processes and systems to manage the Collateral of the Bank within the business and ensure the bank implements international best practice in Collateral Management, complies with all applicable codes, in addition to its legal and statutory requirements.
Development of frameworks which ensure legally compliant best business practices and policies in order to protect the
Benchmark current Collateral practices against necessary Collateral Management Manuals and Frameworks and adjust practices as and when necessary.
Monitor changes in the Industry and the Business and ensure the Bank is optimally secured at all times.
Facilitate Business Unit and Collateral Function relationships. Communication and allocation of responsibility to relevant stakeholders.
Oversee the obtaining, recordal, maintenance, monitoring and discharge of the Bank’s Collateral to adequately manage attendant risks;
Have overall oversight over the Collateral team;
Identify and Communicate current and anticipated risk issues as well as opportunities.
Deal with correspondence, collate information and write reports, ensuring decisions made are communicated to the relevant company stakeholders;

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

03/04/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

What You Should Know About Collateral Manager, FirstRand

Are you ready to take on an exciting role as a Collateral Manager at FNB Zambia in Lusaka? In this key position, you'll oversee the entire Collateral Function, ensuring that our robust security measures are always in compliance with Bank Policies and regulatory requirements. Your expertise will allow you to guide the business in implementing policies that align with our Collateral Manual, while you develop strategies to protect the bank from financial risks associated with collateral issues. You'll be managing budgets and targets, all while optimizing resources effectively. Collaboration is key in this role, as you'll cultivate productive relationships with various stakeholders, including external lawyers and industry bodies. Keeping up with the latest legislation and best practices will be essential, allowing you to offer proactive advice and innovative solutions to risks the bank may face. You will also play a pivotal role in providing strategic support to the Chief Transformation and Operations Officer, as well as senior management and the Board. With your oversight, the Collateral team will be set up for success as you monitor industry changes and adjust practices as necessary, all in pursuit of maintaining the highest level of organizational excellence. If you are passionate about compliance and risk management, and looking to make a significant impact in a dynamic banking environment, this opportunity at FNB Zambia could be perfect for you!

Frequently Asked Questions (FAQs) for Collateral Manager Role at FirstRand

What does a Collateral Manager at FNB Zambia do?

As a Collateral Manager at FNB Zambia, you'll oversee the Collateral Function, ensuring effective management of collateral in compliance with policies, statutory requirements, and best practices. Your role will involve strategic planning to safeguard the bank against financial losses and optimizing resources to achieve cost efficiency.