Graduate Trainee: Wealth Analyst (Banking/Lending)

Details

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Location:  

Pretoria, ZA

Date:  09-Jan-2023

Reference:

Job Classification

• REQ: 123202 – Refilwe Falatsi
• Location: Menlyn Maine Campus – Pretoria
• Closing Date: 23 January 2023
• Division: Wealth Management SA (Distribution)
• Employment Equity Statement: Preference will be given to individuals from the underrepresented groups. 
• NB: This is a GRADUATE position, applicants with 2 years plus work experience will NOT be considered. 

Job Family

Investment Banking

Career Stream

Investments

Leadership Pipeline

Manage Self: Technical

FAIS Affected

Job Purpose

To assist with the implementation of the business investment philosophy through data analysis, research and support functions, in line with Nedbank Group strategy.

Job Responsibilities

• Assess needs and provide solutions Interacting with internal and external clients.
• Support Structured Lending and Banker with the following:
  • Large Exposure reviews. 
  • Preparing of credit papers. 
  • Drafting facility letter. 
  • Preparing pricing motivation and input into the pricing template. 
  • Key liaison or conductor of client, client’s offices, sales, cross sell, whereabouts of the transaction in the process and attorneys. 
  • Receiving instructions from clients and sales and redirecting and following up on responses. 
  • Reconciliations where required – of payouts made in development or building plan. 
  • Analysis of Balance Sheet and Income Statement and analysis thereof for credit. 
  • Management of expiring facilities. 
  • Management of arrears together with the Banker and Lender. 
  • Management of impairments together with the Consultants and Credit Risk Officer. 
  • Transactional and Overdraft reviews. 
  • Releases and guarantees. 
  • Attending to building draws and payouts for developments. 
  • Acquisition preparation for new clients and additional accounts. 
  • Following up with Credit, Legal, Drafting, Attorneys on progress of bonds. 
  • Ensure that the transaction in pipeline move and follow up on this (manage the pipeline)
  • Manage the client reviews – upfront preparation, scheduling appointments and post review capturing. 
  • Manage non-active and dormant accounts. 
  • Prepping the EDD / FICA and High-Risk templates. 
  • Co-ordinate sales teams and follow up on contact made and progress for cross sell.
  • Deeds Search and CIPC.
  • Check systems for completeness in terms of FICA and all other documentation requirements (e.g., ROA, Mandates etc.)
  • Drawing up closing letter per client for confirmation. 
  • Change/Update of client info on all systems – after necessary confirmation with client.
  • Identify opportunities for cross sell and upsell. 
  • Manage workflow to CSC, i.e., follow up on completion resolution. 
  • Card Matters: Card migrations, credit card limit increase/decrease/closure and loading of APO’s (card)
  • Transactional Account Pricing (current account / cars etc.,)
  • Overdraft limit activations and cancellations. 
  • Managing of security/collateral documentation / cession cancellations. 
  • Home Loans queries: Drafting of Home Loans Restructure agreements. Re-advance disbursements. Building loans progress payments. Home loans cancellations requests. Home Loans consolidation/subdivision requests: – valuation requests for Building Home Loan externally and internally. 
  • Power of Attorney’s loading and updating. 
  • Opening and closing treasury investment accounts. 
  • Opening and closing of Notice Deposits/Fixed deposits/ Reinvestments. 
  • Placing of notice withdrawals/Early release of investments. 
  • Fraud prevention/reporting. 
  • Providing Letters of good standing. 
  • SARB registration for Foreign National through Non-Res/Embassy Banking. 
  • Migrating of Foreign nationals account to Non-Res on repatriation.
  • Submitting and ensuring all supporting documents for credit application are uploaded on the system (EAS and linked to CAN application cases). 
  • Follow through on deals up to the point that the attorney is instructed (CAN applications). 
  • Managing the onboarding/offboarding process (end to end – client and product).

People Specification

Essential Qualification

• Matric / Grade 12 / National Senior Certificate
• Bachelor’s degree (Investment Management / Financial Planning)

Minimum Experience Level

• Graduates with bachelor’s degree in Investment Management or Financial Planning or similar NQF 7 commercial degree.
• 0 -1 year experience from the financial or banking industry.
• 65% plus marks will be considered (NB: academic transcripts will be requested)

Technical / Professional Knowledge

• Banking procedures
• Business principles
• Business terms and definitions
• Data analysis
• Governance, Risk and Controls
• Microsoft Office
• Relevant regulatory knowledge
• Business writing skills
• Cluster Specific Operational Knowledge
• Numeracy

Behavioural Competencies

• Adaptability
• Applied Learning
• Communication
• Customer Focus
• Work Standards
• Managing Work
• Technical/Professional Knowledge and Skills

Please contact the Nedbank Recruiting Team at +27 860 555 566

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