Securities Perfection Officer

Torres Ranimid

OtherOfficer

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Overview

Empowering Africa’s tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise,

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OtherOfficer

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.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job Summary

To support the bank by analyzing, validating, and maintaining accurate data relating to collateral held against lending facilities. The role focuses on producing meaningful collateral insights, ensuring legal compliance of loan documentation, and collaborating with IT to enhance systems for effective collateral data management.
Sustained good relationship with the Government Registrars to institute healthier working relations.
Provide continuous support in the process of maintenance, safe custody, and cancelation of securities.
Critical analysis of the Bank’s security documents within the set parameters to ensure proper and enforceable security documents whilst meeting customers’ expectations in line with the Bank’s strategy.
Pre-disbursement analysis and issue technical opinion to manager for review and sign off.
Analyze and ensure perfection of securities.
Analysis of any other securities documentation that the bank may enter with third parties.

- Collaborate with Key stakeholders to oversee system requirements.

- Support design, testing, and implementation of collateral systems.

- Develop interim manual or semi-automated solutions.

- Recommend improvements to data integrity and reporting efficiency.

- Review loan documentation for completeness and legal compliance.

- Ensure enforceability of securities such as mortgage bonds and guarantees.

- Identify documentation deficiencies and risks.

- Liaise with key stakeholders.

- Confirm collateral is properly recorded, valued, and documented.

- Ensure facilities are correctly linked to securities.

- Assess adequacy of secured vs unsecured facilities.

- Safeguard the bank’s interests through proper collateral structuring.

- Values of ownership and accountability of allocated tasks always bearing in mind a positive customer experience

- Make known to manager training needs to sharpen skills to achieve maximum potential.

- Follow through with Performance Development Plans and ratings as discussed with manager.

Be proactive and seek out individual ownership and initiative concerning all matters described.

- Control Environment – ensure all deals comply with regulatory and legal requirements. Take responsibility for deal during the analysis phase to ensure current controls and procedures are observed. Continuously consider risk mitigation and operational effectiveness, reporting and providing feedback to manager.

- Complete all relevant compliance training and be conversant with the relevant regulations that impact on day-to-day functions.

- Identify new and emerging risk associated with the Securities perfection process and maintenance of Bank’s Securities.

Education