Head: Legal Recoveries and Insolvency

SUMMARY:
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POSITION INFO:

Job Advert Summary

To design, implement and manage an end-to-end legal recoveries capability that is recognized as a valuable and strategic function of the organisation. The function should maximise cost effective recoveries thereby supporting retail and business and corporate banking strategy. Maintains acceptable Non-Performing Loans (NPLs) percentage in relation to the loan book. To manage legal risks of the Bank. To manage the legal recoveries process as well as external service providers’ performance. To draft and vet various types of agreements pertaining to the legal recovery process.

Preferred Minimum Education and Experience

1. LLB or equivalent qualification.
2. Admission as on attorneys is a requirement or admitted Advocate having served pupillage.
3. 8 years experience in legal recoveries / debt collection environment, preferably in a bank at the senior management level.
4. 8 years experience in restructuring of distressed accounts.

Critical Competencies

1. Legislation
2. Policies and Procedures
3. Business Environment
4. Recovery Process
5. Risk Management
6. Understanding of Insolvency and business rescue legislation and practices in South Africa
7. Systems (SAP, ICT)

Additional Requirements

1. Knowledge of PFMA