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INDUSTRIAL DEVELOPMENT CORPORATION (IDC)
 
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CONTRACTED DEALMAKERS - ENERGY (6 MONTHS FTC)
Job number IDC00298
Job Grade M Band
Closing date +-23-Aug-2024
 
Job Description
To evaluate and present applications for funding and structure deals that contribute towards SBU objectives and industry development goals.
This would include performing the complex financial and/or technical and/or marketing due diligence functions, as well as leading a due diligence team and ensuring risk identification and mitigation.
 
Qualification and Experience
 
QUALIFICATION REQUIREMENTS:
• Minimum qualification: relevant commercial or technical Honours Degree or equivalent qualification.
 
KNOWLEDGE AND EXPERIENCE REQUIREMENTS:
• 8-10 years related experience of which 8 years should be in deal     assessment as well as closing of transactions (i.e. management of     approved deals up to first drawdown, including ensuring timely     conclusion of legal agreements).
• Declared competent in three due diligence disciplines (Marketing, ; Technical or Financial)
• Grounded in all three disciplines
• Transaction leadership (complex deals)
• Knowledge in assessing all associated issues in a transaction (Legal,  risks, etc.)
• Experience in peer review
• Experience in interpretation and analysis of financial statements
• Knowledge of the market environment and technology landscape
• Knowledge of financing instruments
• Understand and review models of proposed financial structures
• Competent in coaching and mentoring of team members.
 
Roles and Responsibilities
 
MAIN RESPONSIBILITIES:
Financial /Shareholder Returns
• Evaluate and effectively structure transactions with detailed application of IDC financing instruments.
• Ensure financial soundness of all credit submissions.
Internal /Operational Processes
• Evaluate applications for finance (financial, technical and marketing disciplines)
• Deal structuring - Designing and negotiating the financial and legal relationship between the client and IDC for the specific deal.
• Risk identification and mitigation
• Leading of due diligence teams on high value / complex transactions
• Deal optimization - ensuring that the deal is aligned with the strategic objectives of the unit and will contribute to meeting industry development goals
• Support the development and implementation of strategies or action plans to drive the SBU’s strategic objectives.
• Account management function up to first draw
• Prepare well written and motivated reports for presentation to the relevant Credit and other committees as required.
• Conduct peer reviews on all due diligence disciplines.
• Training, mentoring and coaching of Business Analysts and Dealmakers
• Provide advice to Business Analysts and Dealmakers in the handling of enquiries and applications
    
Customer Focus & Stakeholder Management
• To effectively interact with different SBUs and departments in order to fulfil the process requirements related to any specific deal /  transaction.
• Manage and enhance the levels of service and communication to ensure the provision of client service excellence.
Learning, Leadership & People Growth
• Provide team leadership in transactions during due diligence
• Manage own development to enhance own competencies
• Participate in knowledge sharing in the team and cross functional
• Coaching and mentoring of team members
 
Job Requirements
 
TECHNICAL/FUNCTIONAL COMPETENCIES:
• Financial acumen
• Risk identification and mitigation
• Investment/Portfolio Management 
• Stakeholder Management and customer focus
• Planning and organising
• Report writing skills 
 
BEHAVIOURAL COMPETENCIES:
• Presentation and communication skills
• Negotiation skills
• Relationship Building and Networking skills
• Persuading and Influencing skills 
• Coaching and Mentoring 
• Leading and Co-ordinating
 
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SENIOR DEALMAKER-WESTERN CAPE
Job number IDC00344
Job Grade M Band
Closing date 22-Aug-2024
 
Job Description
To evaluate and present applications for funding and structure deals that contribute towards the SBU objectives and industry development goals. This would include performing the complex financial and/or technical and/or marketing due diligence functions across the country, as well as leading a due diligence team and ensuring risk identification and mitigation. In addition, supporting the regional manager with driving new pipeline development as well as representing the IDC at various stakeholder platforms.
It is also required to assist the SBU Head with the implementation of corporate wide initiatives as and when required. 
 
Qualification and Experience
 
Qualifications:
  • Minimum qualification: relevant commercial or technical honours degree
 
Knowledge and Experience:
  • 8 - 10 years related experience of which 8 years should be in deal assessment as well as closing of transactions ( i.e. management of approved deals up to first drawdown, including ensuring timely conclusion of legal agreements).
  • Declared competent in a minimum of two due diligence disciplines (Marketing, Technical or Financial)
  • Grounded in at least two disciplines
  • Transaction leadership (complex deals)
  • Knowledge in assessing all associated issues in a transaction (Legal, risks, etc.)
  • Experience in peer review
  • Experience in interpretation and analysis of financial statements
  • Knowledge of the market environment and technology landscape
  • Knowledge of financing instruments
  • Understand and review models of proposed financial structure
  • Competent in coaching and mentoring of team members
 
Roles and Responsibilities
 
Financial / Shareholder Returns
  • Evaluate and effectively structure transactions with detailed application of IDC financing instruments.
  • Ensure financial soundness of all credit submissions.
 
Internal / Operational Processes
  • Evaluate applications for finance (financial, technical and marketing disciplines)
  • Deal structuring - Designing and negotiating the financial and legal relationship between the client and IDC for the specific deal.
  • Risk identification and mitigation
  • Leading of due diligence teams on SME transactions
  • Deal optimization - ensuring that the deal is aligned with the strategic objectives of the unit and will contribute to meeting the IDC’s industry development goals
  • Support the development and implementation of strategies or action plans to drive the SBU’s strategic objectives.
  • Account management function up to first draw
  • Prepare well written and motivated reports for presentation to the relevant Credit and other committees as required.
  • Conduct peer reviews on all due diligence disciplines.
  • Training, mentoring and coaching of Business Analysts and Dealmakers
  • Provide advice to Business Analysts and Dealmakers in the handling of enquiries and applications
Customer Focus & Stakeholder Management
  • To effectively interact with different SBUs and departments in order to fulfil the process requirements related to any specific deal / transaction.
  • Manage and enhance the levels of service and communication to ensure the provision of client service excellence.
  • At the delegation of the regional manager represent the IDC at various stakeholder platforms.
Supporting Regional Manager to build and maintain a strong deal pipeline
  • Support the regional manager to proactively drive new business growth in line with specific initiatives that are aligned to the SBU strategy including plan of action in respect of cold calling, presentations, travel plan, entertaining potential clients to extend the reach of the Regional Office resulting in new applications pitched and/or approved by the IDC.
Learning, Leadership & People Growth
  • Provide team leadership in transactions during due diligence
  • Manage own development to enhance own competencies
  • Participate in knowledge sharing in the team and cross functional
  • Coaching and mentoring of team members
 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
•    Financial acumen
•    Risk identification and mitigation
•    Investment/Portfolio Management 
•    Stakeholder Management and customer focus
•    Business Development
•    Planning and organising
•    Report writing skills 

BEHAVIOURAL COMPETENCIES
•    Presentation and communication skills
•    Negotiation skills
•    Relationship Building and Networking skills
•    Persuading and Influencing skills 
•    Coaching and Mentoring 
•    Leading and Co-ordinating 
•    Time Management Skills
•    Prioritisation and adhering to timelines
•    Team Management
•    Coordination of multiple transactions or activities
•    Solution focused
 
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ADMINISTRATOR (12 MONTHS FTC)
Job number IDC00338
Job Grade A Band
Closing date16-Aug-2024
 
Job Description
  • Responsible for providing administrative support to the team to ensure efficient running of the office.
  • To assist the team through planning and coordination of information to optimize workflow procedures in the team.
  • To be the point of reference for all queries, requests or issues and be an integral part of the unit.
 
Qualification and Experience
 
Qualifications:
•    Matric 
•    Relevant Diploma
Skills and Knowledge:
  • 2 to 5 years proven Secretarial and Administration experience.
  • The following computer skills and knowledge of office software packages are essential: MS Word; PowerPoint; Excel; Outlook
  • Knowledge of SAP will be an added advantage
 
Roles and Responsibilities
 
Internal / Operational Processes
  • Handle FICA allocations in respect transactions submitted to the Anti-Money Laundering Cluster
  • Ensuring efficient and effective administrative functioning of Compliance and Regulatory Affairs Department (CRAD) Effectively manage the administrative and coordination activities within the department.
  • Provide administrative support to the HoD and Department, including but not limited to:
    • Quality check all documents issued by the HoD
    • Act professionally as liaison between internal and external stakeholders
  • Provide assistance in reviewing EXCO/ Board Sub-Committees/ Board packs to ensure quality and timeous submissions.
  • Manage departmental actions to ensure they are implemented
  • Ensure that the departmental team members comply with all internal policies and training requirements of the IDC
  • Coordinate inputs for all planning and delivery processes relating to the department’s strategy execution
  • Type business letters, memoranda and general correspondence for both internal and external purposes
  • Ensure that administrative processes are in place in the Department
  • Assist the HoD to monitor delivery of key tasks, implementation of actions from Committees or in meetings
  • Consolidate departmental reports from team members
Customer Focus & Stakeholder Management
  • To attend to general correspondence and liaison with internal and external clients (as and when required);
  • Manage HoD activities with respect to engaging with stakeholders within IDC
Learning, Leadership & People Growth
  • Manage own development to enhance own competencies
  • Participate in knowledge sharing in the team
 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
Administration and telephone skills
Planning and organising skills
Attention to detail
Ability to liaise and engage with both internal and external clients
Customer service skills
Computer proficiency
Minutes taking skills
 
BEHAVIOURAL COMPETENCIES
Interpersonal skills
Good ethics, integrity and high level of professionalism
Confidentiality because of the nature of the work
Communication skills (both written and verbal)
Ability to multi task and thrive under work pressure
 
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ANTI-MONEY LAUNDERING COMPLIANCE MANAGER
Job number IDC00337
Job Grade M Band
Closing date 16-Aug-2024
 
Job Description
 
The Anti-Money Laundering Control Manager is responsible for:
  • Assisting and supporting the IDC, including relevant subsidiaries in complying with all local and international AML/CTF and Sanctions legislation (e.g. FATF recommendations 40+9, POCA, PRECCA, FICA, POCDATARA & Sanctions laws) applicable to the IDC.
  • Facilitating the implementation, creating the required AML/CTF and Sanctions awareness; and
  • Performing compliance reviews and assisting other assurance providers with their audits; remediating all issues of non-compliance and reporting to various Committees and statutory bodies
 
Qualification and Experience
Qualifications:
  • LLB, BCom, or equivalent qualification.
  • A certificate in Anti-Money Laundering Control.
  • Accredited or certified member of the Compliance Institute of South Africa (CISA).
  • CAMS Certification will be an added advantage.
  • A certificate in compliance management will be an added advantage
 
Knowledge and Skills:
  • At-least 8-10 years’ experience in the anti-money laundering control/ counter terror financing and sanctions environment.
  • At least 5 years in management and leadership role.
  • Sound experience in report writing and presentation.
  • Knowledge of Siron system will be an added advantage.
 
 
Roles and Responsibilities
COMPLIANCE RISK IDENTIFICATION AND ASSESSMENT
  • To assist the IDC identify and comply with all applicable AML/CTF and Sanctions legislative requirements (e.g. FATF recommendations 40+9, POCA, PRECCA, FICA, POCDATARA, Sanctions Laws).
  • To provide AML/CTF & Sanctions compliance advice to the SBUs/Dept.’s (including subsidiaries) on the requirements stipulated within the AML/CTF & Sanctions legislation.
  • To proactively identify potential breaches on AML/CTF & Sanctions, investigate compliance issues and/or irregularities and remediate.
  • To compile and continuously update, manage and execute an IDC AML/CTF and Sanctions Compliance Coverage Plan, detailing the compliance risk identification, assessment, management, monitoring and reporting activities to be undertaken for the financial year.
  • Prepare for presentation and approval by the Executive Management Committee (including the Board) of the AML annual compliance programme
COMPLIANCE RISK MANAGEMENT
To assist the IDC by performing
  • AMLC (KYC/VYC) background/Sanctions listing searches, media searches, google searches, identification of DPEPs and FPEPs on FICA files of potential/new and existing clients including all other ancillary AML/CTF on-boarding and on-going customer due diligence (Pre and post investment) including all other related activities.
  • Technical trend monitoring and investigating suspicious financial activity across the Corporation
  • Data profiling and quality assessment sorting
  • System fine-tuning and optimization and predictive ML/TF risk analytics
  • Advanced customer segmentation and logic performance testing
  • Drive the initiating and review of applicable systems and procedures to ensure that ML/TF data analytics and surveillance takes place at the correct points and in the right way in the value chain
COMPLIANCE RISK MONITORING
  • To compile and regularly review AML/CTF and Sanctions Compliance Risk Management Plans (CRMP) for the applicable AMLC regulatory requirements per SBU/Dept.
  • To plan, manage, conduct and/or facilitate AML/CTF and Sanctions compliance monitoring/audits (desktop/ on-site) (i.e. control adequacy reviews, control effectiveness reviews, control self-assessment questionnaires/sign-offs and/or control spot check/ inspections) on the applicable AML/CTF and Sanctions regulatory requirements.
COMPLIANCE RISK REPORTING
  • To compile and submit AML/CTF & Sanctions Compliance Risk Profile Reports to relevant SBUs/Depts.
  • To compile and submit quarterly, bi-annual and annual AML/CTF & Sanctions Compliance reports, detailing the status of the Management of the compliance risks within the IDC.
  • To report to management on the status of AML & Sanctions compliance within business, record non-compliance issues, generate business unit compliance reports, follow up on outstanding actions.
  • To log all AML/CTF & Sanctions compliance findings on the Compliance Issues Log, manage and track progress made by the SBUs/Depts. in closing the findings and ensure that the Compliance Issues Log accurately reflects all amendments, supporting the integrity of the data reported on to the relevant governance committees.
  • To ensure that all relevant reports in terms of FICA (or any other AML/CTF and Sanctions legislation) are submitted to the FIC and/or any other statutory body or law enforcement agencies.
COMPLIANCE AWARENESS AND TRAINING
  • To communicate effectively, provide support and create awareness on AML/CTF and Sanctions legislation with Management and recommend improvements to minimise risk and recommend best practices.
  • To train staff on AML/CTF and Sanctions legislation (e.g. FATF recommendations 40+9, POCA, PRECCA, FICA, POCDATARA & Sanctions laws) with the aim of establishing/ enhancing a culture of compliance within the IDC.
  • To conduct on-going practical AML/CTF and Sanctions and Online AML/CTF and Sanctions training on all impacted SBU/Dept., including AML/CTF and Sanctions Compliance Alerts to communicate new AML/CTF and Sanctions new regulatory requirements.
  • To stay abreast of amended and/or new AML/CTF and Sanctions regulatory requirements, and pro-actively identify and communicate the impact of the anticipated AMLC regulatory change on the IDC and its Business Units/Depts.
To attend industry forums, seminars and working groups.
 
Job Requirements
 
ESSENTIAL JOB COMPETENCIES
• Attention to detail.
• Analytical and interpretation.
• Planning and organizing.
• Presenting and communication.
• Influencing and stakeholder management.
• Ethical and integrity.
• Project management.
• Interpersonal skills
• Sound knowledge of MS Office i.e. Word, Excel and PowerPoint
 
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SECRETARY
Job number IDC00341
Job Grade A Band
Closing date 18-Aug-2024
 
Job Description
  • Responsible for providing Secretarial and Administrative support to the two Department Heads and the team to ensure an efficient running of the Department.
  • To assist the two Heads and teams with support through planning and coordination of information in order to optimize workflow procedures and activities in the unit.
  • To be the point of reference for all queries, requests or issues and be an integral part of the Department.
 
Qualification and Experience
 
Qualifications:
  • Matric
  • Relevant Diploma
Skills and Knowledge:
  • At least 2-5 years proven Secretarial and Administration experience.
  • Experience in travel management system and activities preferred
  • The following computer skills and knowledge of office software packages are essential: MS Word; PowerPoint; Excel and Outlook
  • Knowledge of SAP will be an added advantage
 
Roles and Responsibilities
Financial / Shareholder Returns
 Process the department’s expenditure and / or invoices
  • Assist with booking and registration of team members for training and networking events
 Internal / Operational Processes
  • Provide secretarial support and general administrative function to the Head and team members.
  • Receive, direct and relay telephone messages and follow up with team members to ensure that it has been actioned.
  • Provide general administration work including typing, generating reports, presentation slides, scheduling appointments and collating minutes.
  • Arrange and manage meetings or events and supporting logistics.
  • Minutes taking and delivery of finalised minute report.
  • Manage the Head’s diary.
  • Maintain the general filing system and file all correspondence, as well as maintaining electronic filing on Docupedia, the SharePoint, etc.
  • Making travel arrangements and processing claims for the Head and team members as required.
  • Facilitate maintenance of office equipment.
  • Requisition of stationery.
  • Facilitate the on boarding of new staff members joining the team.
  • Maintain an updated contact lists for the department.
  • Provide administrative support in order to optimize workflow procedures in the office.
  • Assist with scheduling and arranging team cohesion and strategy events.
Customer Focus & Stakeholder Management
  • Provide professional secretarial and administrative support.
  • Provide an efficient customer service to both internal and external customers.
  • Build and maintain relationships with stakeholders in the rest of the organisation.
Learning, Leadership & People Growth
  • Manage own development to enhance own competencies.
  • Participate in knowledge sharing in the team.
 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
  • Ability to use own initiative and function with minimal instruction
  • Planning and organisational skills
  • Attention to detail
  • Ability to liaise and engage with internal and external clients
  • Customer service skills
  • Computer proficiency
  • Minutes taking skills
  • Follow through skills
  • Administration and telephone skills
 
BEHAVIOURAL COMPETENCIES
  • Interpersonal skills
  • Communication skills (both written and verbal)
  • Self-motivated and self-driven
  • Strong ethics, integrity and high level of professionalism
  • Able to retain strict confidentiality
  • Ability to multi-task and thrive under work pressure
 
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SENIOR RISK MANAGER: FINANCIAL INSTITUTIONS (18 MONTHS FTC)
Job number IDC00343
Job Grade M Band
Closing date 16-Aug-2024
 
Job Description
  • Enable the organization to protect its funding and investments and balance the level of risk in a portfolio through pro-active management of risk limits while providing a complete overview of the portfolio risks that could impact on the accomplishment of the organizations’ strategic objectives.
  • To provide reporting for the Board, through Exco, in such a manner that enables analysis of risks at both product and overall portfolio level, identifying trends, running sensitivities for concentrations and deviations to expected performance.
  • Processing of credit proposals, compilation of autonomous Credit Submission Reports that form part of the funding applications disseminated to Credit Committees. 
  • Conduct evaluation of assessments that include thorough and rigorous testing of the base case assumptions provided by the client or client facing teams and provide the necessary independent attestation on the merits of the business case.
  • Being able to address issues within the disciplines of the credit management cycle, including ensuring that annual reviews are undertaken at least annually by CSG, and risk grades updated and pro-actively assisting clients ahead of distress, improving the portfolio credit quality and avoiding concentrations, thereby improving earnings and growth to ensure the integrity of the IDC portfolio and instil an effective and appropriate risk management culture. 
 
Qualification and Experience
Qualifications:
•    CA / B Com post graduate qualification (or equivalent degree).
•    MBA would be an added advantage
 
Skills and Knowledge:
  • 8 to 10 year’s relevant experience in a financial institution, of which a number of years must be in the risk management space.
  • Knowledge and understanding of credit and investment risk and any associated risks prevalent in the financing of transactions.
  • Extremely good writing and presentation skills, particularly to committees.
  • Knowledge and understanding of portfolio risk management life cycle and measurement of risk tolerance.
  • Experience working in a high-level collaborative environment.
  • Experienced and passionate about working with data to derive meaning and identify trends.
  • Extremely organized and persistent, with drive and determination to achieve goals.
  • Excellent computer skills and proficiency with Microsoft Office (Excel, Access, Word, PowerPoint).
  • Exceptional planning and organizational skills: the ability to handle several complex tasks simultaneously is essential.
  • Proven communication skills are essential - must possess good written and verbal skills to be able to work and communicate effectively with others.
  • Ability to present and communicate technical information in a clear and concise manner.
 
Roles and Responsibilities
• Provision of independent credit & investment assessments to approval committees; exercising credit judgment; and making sound credit recommendations working within stipulated Service Level Agreement Undertaking primary rating of counterparties (FIs) and propose overrides.
• To assist in enhancing Financial Institutions (FIs) policies, systems and procedures and management processes for the IDC.
• Prepare and position submissions at the relevant sanctioning committee (Credit Committees; Executive Policy Meetings etc) and respond to questions.
• Provide support, guidance and a consistent approach and interpretation of Financial Institutions (FIs) credit and investment principles across the full credit cycle (cradle to grave).
• Responsible for independent evaluation of annual credit reviews and provide oversight to ensure these are aligned with policy requirements (at least annually).
• Assist Origination Managers in ensuring, prior facility draw-down, that all key and specific credit conditions, such as default ratios, re-pricing terms, information provision conditions, etc, are correctly and clearly documented and properly defined in the relevant facility agreements;
• To support in submitting annual review reports and undertaking monthly / quarterly portfolio reporting to relevant committees.
• To assist in formulating, reviewing and managing FI limits and/or exposure in alignment with the IDC Africa and Channel Partner strategy, Risk Appetite and/or emerging risks.
• To assist in implementing processes that have been reviewed to attain best international practices.
• Implement approved methods and ways of mitigating capital allocated for FI exposure;
• Work collaboratively with relevant divisions (Partnership Programmes and Syndicated Financial Solutions) and assisting in the development of differentiated and superior solutIons that meet business and risk requirements.
• Produce trend analysis reports such as impairment and sector risk reviews and run sensitivities for concentrations and deviations to expected performance.
• Perform pro-active on-going credit monitoring and risk management at a portfolio level and recommend strategies to keep portfolio risks within stipulated acceptable levels.
• Understand how macro-economic factors impact on the portfolio and provide risk appetite recommendations.
 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
Solution minded
Business Acumen
Report writing & presentation skills
Strong attention to detail 
Project Management Skills
Problem Solving
Client Insights & Focus
Strong Analytical Skills
Planning and Organizing 
 
BEHAVIOURAL COMPETENCIES
Good Communication Skills
Self-motivated and self-driven skills
Coping with Pressures and Setbacks
Negotiating and influencing
Interpersonal Skills
 
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