Banking, Lusaka, Zambia

The Manager of Collateral and Securities will be in charge of researching, drafting and vetting both standardised and non-standardised collateral documents within delegated authorities for all Business units, in such a way as to assure the bank of legal protection against credit risk. The successful candidate will also manage the operational aspects of collateral management as well as lead and manage the collateral team including recruitment, performance management and staff Development.

Position Published
12 Aug 2019
Position Updated
12 Aug 2019
Applications Received
90 Applications
Talent Search
In Progress
Shortlist In Progress
15 Shortlisted
Interviews In Progress
3 Interviewed
Job Offer Pending
60% Complete
12 Aug
Applications Received
Search In Progress
Shortlist In Progress
Interviews In Progress
Job Offer Pending
90 Applications
15 Candidates Shortlisted
3 Candidates Interviewed
60% Complete
Job Specification
Reporting Structure
Reporting To
Chief Credit Officer
Supervision Of
Collateral Team
Interacts With
Management, Key Stakeholders , Relevant regulatory Authorities
Job Description
Recommend drawdown of facilities once satisfied that all terms and conditions of sanction/covenants have been met and all required collateral have been obtained and are in legal order
Perfection of / follow up on security on advances per approvals
Ensure all security documentation and collateral are in place
Ensure accuracy of all prepared collateral documents inclusive of bank guarantees
Ensure adherence to SLA on preparation and vetting of legal documents
Manage the operational aspects of collateral management: including maintaining diary systems for monitoring and updating variable collateral and ensuring that commission for guarantees are recovered timeously.
Monitor and control risk triggers and identify irregular collateral for Watch List purposes. Take necessary action to ensure that the Bank is not faced with avoidable losses.
Maintain a high standard of interaction and correspondence with internal, external/ international legal entities for input regarding high level contracts, unprecedented risks, changes in law, and registering collateral.
Provide leadership to staff in terms of recruitment, performance management, development and discipline
Compliance with policies, procedures and regulations
Ensure closure of all audit and regulatory issues
Responsible for informative reporting and supporting administration on number of accounts with unenforceable security/collateral, etc
Perform any other duties assigned by the management.
Candidate Specification
5 years
Education Level
Legal /Commerce/Accountancy Degree
Microsoft Office
Job related
Knowledge Of
Adequate knowledge of the Banks products and services and a thorough understanding of those provided by competitors
Skills To
Excellent Budgeting and Planning skills
Ability To
Supervise and lead a team, Ability to work with diverse groups of people
Leader, Proactive attitude, Target Driven
Atleast 2 years experience in a collateral or Legal environment
Dynamic , Fast paced
Gender Profile
Age Profile
Between 30 and 45 years of age
Terms And Conditions
Lusaka, Zambia
- in USD
Not Calculated
Currency conversions are provided only for comparative purposes.
Remuneration will be paid in ZMK.
Apply for This Job
Like Us on Facebook
* * * IPMZ Annual Awards - For the 3rd Year in a Row - 2016, 2017 & 2018 - CV People Africa Awarded Best Overall Employment Agency * * *