NEDBANK PRETORIA- Graduate Trainee: Wealth Analyst (Banking/Lending)

admin January 13, 2023

2 minutes read

DEADLINE: 23 January 2023

Graduate Trainee: Wealth Analyst (Banking/Lending)

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).

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)