Location: Cape Town 
Office: South Africa Representative Office (SAREPO)- AfrAsia Bank Ltd 
Position: Relationship Manager – Africa
Closing Date: 19 January 2025

Job Summary

The Relationship Manager – Africa is responsible for managing AfrAsia Bank’s African business portfolio, with a specific focus on the East African and SADC regions. This position is responsible for:
•    Business Development. 
•    Cross-selling all group products and services and for driving a strong culture of cross-sales throughout the sales team.
•    Overseeing the company’s operations, sales, and business development, while driving growth and profitability within these regions.

 

Job Description

•    Assist in identifying and developing relationships with clients operating their business activities in South Africa, Southern and Eastern Africa.
•    Work actively with various departments of AfrAsia Bank in order to close deals and structure solutions and products.
•    Maintain a strong relationship with existing global business clients.
•    Assist in the development of the AfrAsia Bank brand, profile and business activities in South Africa, Southern and Eastern Africa.
•    Maintain and continue to develop a meaningful portfolio of regional corporate, HNWI and financial institution clients so as to meet and exceed targeted interest and non-interest revenues. 
•    Maintain, develop and work in collaboration with a network of relevant introducers including Mauritius-based Global Business companies.
•    Understand and promote the relevance and advantages of the Mauritius IFC to targeted audiences and media.
•    Ensure the Bank increases its relevance in targeted markets through a client calling program and marketing plans.   
•    Work in a close collaboration with all other divisional leaders across the Bank to facilitate the development of new relationships as well as to provide sales strategies and financial solutions to high net worth clients.  This will be accomplished by serving as a portal across the group, bringing together the right resources, providing convenience to clients and providing group wide solutions.
•    Assist in cross selling AfrAsia bank’s financial services including Global Business, Consumer Banking, Wealth Management, Mortgage Lending and other business partners, as appropriate.  
•    Adhere to asset quality and risk management guidelines to ensure each client relationship is in compliance with bank’s policies and procedures.
•    Deliver financial advice to clients and prospective clients.
•    Network actively in community and business to build the brand of AfrAsia and develop business.

 

Candidate Profile

•    At least 5 years of relevant/similar working experience.
•    Degree or any other relevant professional qualification. 
•    FAIS qualification is an advantage.
•    Strong background in banking, investments and related advisory services.
•    Sound knowledge of Trusts, Wealth Management services.
•    Strong network in South Africa, Southern and Eastern Africa.
•    Good sales and negotiation skills, with a track record for closing deals and building long-term customer relationships.
•    A proactive and results-oriented mindset, with a focus on achieving and exceeding sales targets and business objectives.
•    This position requires frequent travelling to countries across African and others.
•    Eligibility to work and live in South Africa.

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.

Title: Reporting Specialist – Finance (Budget)
Reports to: Manager – Finance
Department: Finance
Closing Date: 12 January 2025

 

Job Summary:

The role holder will be primarily responsible for the preparation, analysis and timely delivery of the Bank’s budget and forecast.

 

Key Responsibilities:

•    Prepare the Bank’s budget and forecast as and when required in a timely manner.
•    Prepare the budget plan for further discussion with the Senior Manager – Finance or any other designated person.
•    Be responsible for the automation of processes of current reporting.
•    Work closely with the business representatives and enablers for finalisation of the budget and support the relevant departments.
•    Prepare and analyse presentation upon finalisation of budget or forecast for Board and Management.
•    Prepare and analyse Board presentation as and when required.
•    Prepare and analyse presentation for Annual General Meeting and any other meeting as and when required.
•    Prepare and analyse control related duties.
•    Assist in responding to queries raised both internally and outside the organisation.
•    Be open to innovative ideas and change so as to work towards best solutions and efficiency.
•    Prepare any other reporting as and when required.

Requirements:

•    Degree holder in finance, banking, accounting or equivalent.
•    At least 5 years of relevant experience in finance and reporting preferably in the Banking Sector.
•    Previous experience in preparation of budget and budgetary control will be an advantage.
•    Strong at using Microsoft office tools with advance knowledge in Excel and PowerPoint.
•    Ability to work under pressure.
•    Strong Analytical Thinking.
•    Good communication skills both written and spoken.
•    Interpersonal Skills.

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.

Title: Reporting Specialist – Finance (Business Finance)
Reports to: Senior Team Leader – Finance
Department: Finance
Closing Date: 12 January 2025

 

Job Summary:

The Reporting Specialist – Finance (Business Finance) will be primarily responsible for the preparation, review and submission of reporting by business houses.

 

Key Responsibilities:

•    Assist in the preparation of reports for the CEO and EXCO members. 
•    Prepare and validate financial and management data for key stakeholder reporting purposes.
•    Perform various analysis to track business performance and act as a business partner to assist in meeting strategic objectives.
•    Support key governance forums by providing relevant reports, analysis, and administrative documentation.
•    Support recommendations and requirements for improvements in management reporting.
•    Contribute to the design, development, delivery, maintenance, and communication of performance reporting.
•    Support key governance forums by providing relevant reporting, analysis, and administrative matters.
•    Actively participate in the budgetary process, control, and forecasting exercises.
•    Respond to regular and ad-hoc data and report requests from key finance and non-finance stakeholders.
•    Assist in ad-hoc assignments and projects.
•    Ensure control processes are in place to maintain data integrity.
•    Liaise with internal and external auditors as required.
•    Ensure internal policies are amended on a timely basis.
•    Ensure proper filing and archiving of documents in respect of responsibilities.
•    Perform any cognate duties as may be assigned to you from time to time by the Bank.

Requirements:

•    Degree holder in finance, banking, accounting or equivalent.
•    At least 5 years of relevant working experience, preferably in the financial services sector.
•    Reliable, accountable and work according to strategies.
•    Communication.
•    Interpersonal Skills.
•    Analytical and numerical skills.
•    Focus on Achievement.
•    Teamwork 
•    Good organizational, and problem-solving skills.

 

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.

Position: Senior Analyst Credit Documentation
Reports to: Manager Credit Documentation or any other senior officer
Department: Credit Documentation
Closing Date:  26 January 2025

Job Summary

The Senior Credit Legal Documentation Officer is responsible for managing and overseeing the legal documentation associated with credit facilities and financial transactions. This includes reviewing, drafting, and negotiating agreements while ensuring compliance with regulatory requirements and internal policies. The role involves close collaboration with internal teams such as credit risk, legal, and relationship managers to ensure documentation accuracy, enforceability, and alignment with the Bank’s risk management strategy.

Key Responsibilities

•    Draft, review, and negotiate credit-related agreements, including loan documents, collateral arrangements, facility letters, and security agreements.
•    Ensure all documentation complies with regulatory requirements, internal policies, and industry standards.
•    Collaborate with relationship managers, credit officers, and legal teams to provide legal support for credit transactions, ensuring terms and conditions are accurately reflected.
•    Coordinate due diligence processes for lending purposes, including reviewing financial and legal information.
•    Identify and mitigate legal risks in credit transactions.
•    Stay updated on applicable laws, regulations, guidelines, and proposed changes.
•    Provide guidance on contractual interpretation and resolve legal issues related to credit documentation.
•    Advise on credit legal matters and ensure alignment with the Bank’s risk management strategy.
•    Maintain and manage credit documentation in an organized manner, updating as necessary.
•    Contribute to improving documentation processes and systems to enhance efficiency and compliance.
•    Mentor junior legal documentation staff and promote adherence to best practices.
•    Participate in dispute resolution related to credit transactions in collaboration with internal and external stakeholders.

 

Requirements

•    A law degree (LLB, BA in Law and Finance, or equivalent).
•    Additional legal qualifications (e.g., Attorney, Bar-at-Law) are preferred.
•    Minimum 5 years of experience in credit legal documentation or financial services.
•    Proven expertise in drafting and negotiating loan and credit agreements.
•    Experience in large financial institutions or law firms specializing in finance.
•    Knowledge of international credit markets and cross-border transactions.
•    Deep understanding of credit products (e.g., corporate loans, trade finance, derivatives) and regulatory frameworks.
•    Accuracy in document preparation, review, and compliance.
•    Ability to explain legal terms and concepts to non-legal stakeholders effectively.
•    Experience dealing with clients, legal advisors, and counterparties.
•    Capability to identify issues and propose effective solutions under pressure.
•    Strong collaboration skills with cross-functional teams.
•    Familiarity with legal document management software, Microsoft Office Suite, and financial systems.
•    Highly organized and capable of managing multiple projects simultaneously.
•    Independent, proactive, and adaptable to a dynamic, fast-paced environment.
•    Strong analytical and decision-making abilities.

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.

Position: Senior Analyst Investment Solutions
Department: Investment Solutions
Reports to: Senior Manager Investment Solutions or senior officer
Closing date: 26 January 2025

Job Summary

The job holder will provide support to the Investment Solutions team. 

Key Responsibilities

•    Facilitate sales activities between the Custody Product House and other business lines, including Global Business and Personal & Private Banking.
•    Build a strong internal network with Relationship Managers and manage relationships with customers, providing reassurance and support when needed.
•    Assist with the custody account opening process.
•    Contribute to the implementation of the Securities Services Portal.
•    Monitor the performance of the Custody Unit against the established budget.
•    Assist in creating new users on InvestPro.
•    Onboard brokers and perform due diligence.
•    Work on the list of impaired accounts.
•    Assist with the onboarding of third parties related to investments and custody.
•    Support the retrieval and tracking of pledged portfolios.

 

Skills and Qualifications

•    A degree in Finance, Accounting, Banking, or a professional finance qualification.
•    Minimum 2 years of work experience, preferably in the financial services sector.
•    Strong time management, organizational, and problem-solving skills.
•    Self-motivated, able to work independently under pressure, and capable of effectively managing priorities within a team environment.
•    Excellent verbal and written communication skills, strong interpersonal abilities, and a proven ability to maintain good working relationships with a diverse range of stakeholders.
•    Adaptable to a dynamic environment and committed to delivering consistent performance.

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.

Department: Risk
Position: Senior Associate – Information Technology (IT) Security Risk
Reports to: Head of ICT Security or any other Senior Officer
Closing Date: 19 January 2025

 

Job Summary

The Senior Associate – IT Security Risk will be accountable for the identification, assessment, and mitigation of risks associated with ABL’s technology and security operations. This role is responsible for the protection of client data, regulatory compliance, and the operation of a secure IT infrastructure in accordance with the standards of the financial industry. The function necessitates close collaboration with external auditors, IT departments, and business entities in order to establish a robust risk management program and preserve the bank’s security posture.

 

Key Responsibilities:

•    Maintain the compliance oversight of ABL’s security and risk management framework, policies and standards for managing risks to its information assets and systems.
•    Work alongside IT governance teams to align with the bank objectives with risk management procedures.
•    Conduct thorough IT risk assessments across banking systems, applications, and networks to identify vulnerabilities and threats.
•    Analyze business and IT processes to identify risks and suggest mitigation solutions.
•    Evaluate the effectiveness of existing controls and make suggestions for improvements.
•    Monitor and assess cyber threats targeting the banking sector, including fraud, ransomware, and phishing attacks.
•    Assess risks associated with technology vendors, including fintech providers, cloud service providers, and managed services.
•    Ensure third-party compliance with banking security requirements and oversee contractual obligations.
•    Monitor vendor performance and conduct periodic security risk reassessments.
•    Document risk assessments results, mitigation measures, and compliance efforts.
•    Provide training and awareness programs for employees on IT security and risk management best practices.
•    Develop detailed risk assessments and dashboards for senior management and stakeholders.

 

Required Skills and Qualifications: 

•    A Bachelor’s degree in Computer Science, Information Technology, Cybersecurity, or a related field.
•    Minimum 4 years of experience in the banking or financial services sector in the areas of information security, audit, or IT risk management. 
•    Professional certifications, including CEH, CISM, and CISSP, are preferred.
•    Proficient in analytical abilities and meticulous in their attention to detail.
•    Proficiency in both written and spoken communication.
•    Ability to work collaboratively across teams and manage multiple priorities effectively.

 

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.

Position: Senior Manager
Department: Risk (Recovery cluster)
Reports to: Head of Risk or any Senior Officer
Closing date: 19 January 2025

Job Summary

A Senior Manager Risk in the Recovery Department plays a critical role in managing and mitigating risks associated with loan recovery and delinquent accounts. This position ensures that the bank effectively minimizes losses while maintaining regulatory compliance and customer relationships. 

 

Key Responsibilities

•    Develop and implement strategies to recover overdue loans, bad debts, and non-performing assets (NPAs).
•    Analyze delinquent accounts to identify trends, root causes, and potential risks.
•    Set recovery targets and KPIs for the team to minimize financial losses.
•    Assess the risk profile of delinquent accounts and recommend appropriate recovery actions.
•    Collaborate with the credit risk team to refine risk models and improve loan origination practices.
•    Ensure recovery strategies align with the bank’s risk appetite and regulatory requirements.
•    Monitor and manage the portfolio of distressed accounts, ensuring timely and effective recovery actions.
•    Oversee the classification of accounts based on risk levels and recommend restructuring or write-offs where necessary.
•    Ensure compliance with local laws, regulations, and internal policies related to debt recovery and risk management.
•    Prepare and present reports on recovery performance, risk exposure, and portfolio health to senior management and regulators.
•    Liaise with legal teams, collection agencies, and external stakeholders to ensure efficient recovery processes.
•    Work closely with internal departments, such as credit risk, legal, and operations, to enhance collaboration and effectiveness.
•    Lead and mentor the recovery team.
•    Foster a culture of accountability, innovation, and ethical recovery practices.
•    Provide training to ensure the team is equipped with the latest tools and techniques for recovery and risk management.
•    Balance the recovery process with maintaining good customer relationships.
•    Offer solutions such as loan restructuring, repayment plans, or settlements where appropriate to recover funds while preserving customer goodwill.

 

Skills and Qualifications

•    A university degree and at least 8 years of experience in risk management, particularly in retail banking or financial services.
•    A deep understanding of risk management frameworks and regulatory requirements.
•    Strong interpersonal and communication skills to influence diverse stakeholders.
•    Project management expertise, with the ability to manage multiple priorities effectively.
•    Strong analytical skills and the ability to interpret complex financial data.
•    Knowledge of local and international regulatory frameworks governing loan recovery and risk management.
•    Excellent negotiation and interpersonal skills for dealing with clients, legal teams, and other stakeholders.
•    Leadership and team management experience with a focus on driving results.

 

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.

Location: Johannesburg 
Office: South Africa Representative Office (SAREPO)- AfrAsia Bank Ltd 
Position: Senior Manager Business Development – Africa
Closing Date: 19 January 2025

Job Summary
The Senior Manager Business Development – Africa is responsible for AfrAsia Bank’s African business portfolio with a specific emphasis on the East African & SADC regions. The incumbent will play a crucial role in overseeing and managing the company’s operations, sales, and business development as well as be responsible for driving growth and profitability within this region.

 

Job Description
Business Development                                                                                                      
•    Maintain and continue to develop a meaningful portfolio of regional corporate, HNWI and financial institution clients so as to meet and exceed targeted interest and non-interest revenues. 
•    Maintain, develop and work in collaboration with a network of relevant introducers including Mauritius-based management companies
•    Understand and promote the relevance and advantages of the Mauritius IFC to targeted audiences and media.
•    Ensure AfrAsia Bank increases its relevance in targeted markets through a client calling program and marketing plans.   
•    Work in a close collaboration with all other divisional leaders across the Bank to facilitate the development of new relationships as well as to provide sales strategies and financial solutions to high net worth clients.  This will be accomplished by serving as a portal across the group, bringing together the right resources, providing convenience to clients and providing group wide solutions.
•    Referral of business to AfrAsia’s Global Business, Consumer Banking, Wealth Management, Mortgage Lending and other business partners, as appropriate.  This position is responsible for cross-selling all group products and services and for driving a strong culture of cross-sales throughout the sales team.
•    Adherence to asset quality and risk management guidelines to ensure each client relationship is in compliance with company’s policies and procedures.
•    Delivery of financial advice to clients and prospective clients.
•    Participate in community and business functions/groups to ensure a positive image for the Bank in the region and establish a referral network within the community.

Staff Matters
•    Direct the effectiveness of Global Business staff in Mauritius and South Africa by overseeing the performance management, recruitment, development and training of team members to ensure their individual and collective performance meets or exceeds the required standard set by the Bank.

 

Additional Requirements

•    In accordance with National Credit Act (NCA) candidates applying for this role will require a credit record check.
•    A good understanding of credit principles.
•    Candidates applying for this role will require a clear criminal record check and education qualification checks. 
•    As the candidate will be based in the South African office they must have the right to work in South Africa (i.e. a permanent resident, citizen or possess the relevant work visa)

Candidate Profile

•    At least 5 years of relevant/similar working experience.
•    Degree or any other relevant professional qualification. 
•    FAIS qualification is an advantage.
•    Strong background in banking, investments and related advisory services.
•    Sound knowledge of trusts, wealth management. 
•    Strong network in the East African region. 
•    Good sales and negotiation abilities, with a track record for closing deals and building long-term customer relationships.
•    A proactive and results-oriented mindset, with a focus on achieving and exceeding sales targets and business objectives.
•    Willingness to travel frequently.

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.

Position:             Senior Team Leader Finance             
Department:       Finance                                                        
Reports to:         Senior Finance Manager                                                    
Closing Date:    12 January 2025

 

Main Responsibilities:
•    Timely and accurate preparation of monthly management accounts of subsidiaries under IFRS;
•    Review of subsidiaries’ monthly management accounts and follow up to resolve issues;
•    Provide assistance in the preparation of consolidated group management accounts, Financial Statements and Interim reports under IFRS;
•    Involvement in budgeting and forecasting process of subsidiaries;
•    Overview of overseas representative office and ensure smooth running of the overseas operations through close liaison with representative officer;
•    Involvement in getting relevant approvals for payment of dividends to the respective shareholders of the Bank;
•    Preparation of presentation for Committees, Board, AGM and Trilateral relating to Group and subsidiaries;
•    Ensure robust controls in place through the Bank’s policies and frameworks at Group level (including accounts payables, accounts receivables and other areas);
•    Review of all submission to Regulatory bodies such as the MRA and Bank of Mauritius;
•    Oversee the good running of accounts payables and accounts receivables, with emphasis on controls in place at all levels;
•     Any other cognate duties.

Requirements:
•    ACCA fully qualified or equivalent;
•    At least 7 years’ experience in Accounting, and Finance with minimum 3 years in Banking sector including some experience in an environment where knowledge of procurement system and/or framework, along with knowledge of consolidation;
•    Past experience on Oracle Cloud ERP system will be a definite advantage;
•    Team player;
•    Strong interpersonal and analytical skills;
•    Ability to work in a fast-moving environment, within timeframes/deadlines;
•    Excellent communication skills (both oral & written);
•    Dynamic and attention to details;
•    Result focused with a ‘CAN DO’ attitude.

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.

Position: Senior Team Leader – Treasury Product Control
Department: Finance
Reports to: Manager Treasury Product Control – Finance or Senior Manager – Finance
Closing Date: 12 January 2025

 

Job Summary

The role holder will be primarily responsible to assist in providing complete, accurate and timely P&L, Balance Sheets and analysis for the treasury portfolio. 

Key Responsibilities

•    Assist in the setting up of the product control function.
•    Perform Treasury P&L analytics and provide P&L explanation and commentary to senior                 management.
•    Ensure that the relevant Treasury P&L and Balance sheet positions are correctly reported on a daily/weekly/monthly basis and that the applicable reconciliations are completed and all issues identified/resolved.
•    Perform month end close process.
•    Assist in monthly management account, Interim Financial statement and Annual Report preparation.
•    Provide commentary on financial statement variance on monthly, quarterly and yearly basis.
•    Assist in maintaining and managing key control processes to improve process efficiency and accuracy.
•    Participate in strategic systems design, testing and implementations.
•    Perform full analysis of the general ledger and ensure mapping tables on sub-systems are updated on a timely basis.
•    Ensure that applicable accounting standards are adhered to regarding Treasury Profit & Loss and Balance Sheet reporting.
•    Ensure that the Bank’s policies are adhered to at all times and are kept fully up to date with any changes in the business requirements.
•    Interact with internal and external auditors.
•    Coordinate the completion and delivery of tasks allocated to the team within set timeframe.
•    Assist in reviewing proposed contracts and other potential transactions and advice finance and management of the accounting implications.
•    Ensure proper filing and archiving of documents in respect of responsibilities allocated.
•    Perform any cognate duties as may be assigned to you from time to time by the Bank.

Requirements

•    ACCA fully qualified or equivalent.
•    At least 7 years’ experience in financial reporting and accounting, preferably in the banking sector.
•    Good knowledge of treasury products.
•    Strong proficiency in using Microsoft Office and Power BI tools.
•    Excellent communication and interpersonal skills (both oral and written).
•    Good analytical skills.
•    Time management and organizational skills.
•    Ability to work diligently to meet targets.
•    Able to work closely with other team members and senior employees.

Disclaimer: AfrAsia Bank Limited reserves the right to call only the short-listed candidates for an interview or not to make any appointment as a result of the advertisement or to recruit following this advertisement.