Graduate Trainee: Wealth Analyst (Banking/Lending)



Pretoria, ZA

Date:  09-Jan-2023


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


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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