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INDUSTRIAL DEVELOPMENT CORPORATION (IDC)
 
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SENIOR SPECIALIST (MANAGEMENT CONSULTING): EARLY STAGE ADVISORY SERVICES
JOB NUMBER IDC00245
JOB GRADE M Band
CLOSING DATE 05-Apr-2024
 
JOB DESCRIPTION
To provide advisory services, to clients depicting early warning signs of distress, that support limiting an increase in further distress; and where encountered, craft solutions and monitor implementation of interventions for these clients thereby restricting the number of clients that progress into turnaround and business rescue.
To support IDC clients through providing management consulting services, specialist knowledge and expertise to help them grow, operate better and become high-performance businesses.
 
QUALIFICATION AND EXPERIENCE
Qualification
  • Minimum qualification:  BCom with post-graduate degree MBA / MBL / CA(SA) would be an added advantage
Knowledge & Skills
  • At least 8-10 years’ experience in a management consulting environment, consulting to small, medium and large (blue chip) businesses experiencing growth prospects and/or early on-set stress.
  • A seasoned well-rounded management consultant with deep diagnostic, solutions-design and implementing skills, preferably from 1st or 2nd tier consulting firms.
  • Knowledge of business and the diversity of risks that may affect businesses
  • Good understanding of different types of security
  • Good working knowledge of Company, Contract, Taxation, IFRS and Insolvency legislation
  • Resourcing and implementing outcomes-based interventions
  • Good knowledge of industry standards, technology trends and best practices
 
ROLES AND RESPONSIBILITIES
  • Provide advice and support to sector SBUs and Post Investment Segments in respect of their clients who are showing early signs of operational and/or financial stress
  • Conduct detailed business diagnosis focusing on business dimensions (Leadership, Strategy, Operations, Finance, Human Capital, Sales & Marketing) and document terms of reference that will inform the Value Creation Plan (VCP) for clients who would require management consulting services, training, support, mentorship and development
  • Provide advisory support to IDC clients through knowledge provision, training, mentorship and coaching
  • Provide post-investment early-stage support to small, medium and large enterprises to collaboratively growth IDC clients through assisting Segments in developing and implementing the VCP and its identified interventions
  • Provide management consulting services in the areas of leadership, governance, corporate and business unit strategy, functional management strategies, sales and marketing, human capital, finance and operations (optimization, process re-engineering, operational efficiencies, productivity improvement, etc)
  • Implement business enabling systems and tools such as Enterprise Resource Planning (ERP), financial and human capital systems, policies and processes to help formalize and professionalize clients’ businesses
  • Provide domain knowledge and expertise to support clients to realise profit and growth such as: Markets, Value chain insights, Manufacturing 4.0 and technologies
  • Stakeholder management and engagement to ensure alignment of roles and responsibilities and building up a repository of core knowledge and insights within the IDC in supporting the delivery of the value creation plan for clients. This is to ensure that a knowledge bank can be utilised by the IDC for future interventions
  • Safeguard IDC’s Security position through maintaining and/or improving the recoverability of IDC’s exposure
  • Provide domain knowledge, advice and expertise to support clients to realise profit and growth: Markets and Value Chain insights; Manufactuirng 4.0 and technologies and business formalisation and stabilisation
  • Coach and mentor clients to build organisation capabilities such as: functional management skills; financial know-how; agile ways of working; strategic planning; marketing, corporate governance, etc
  • Conduct business diagnosis and deep-dive to identify areas of distress and improvement in the client’s business
  • Draft and present submission reports to various decision-making committees responsible for portfolio monitoring and credit approval
  • Review drafted legal agreements to ensure they capture the IDC credit committee approval;
  • Closely monitor the implementation of the strategy and plans through attending Steerco/ Manco; interaction with key stakeholders; regular client visits etc
  • Regularly update the pipeline and status report, and SAP to indicate and track progress in respect of transactions under your portfolio of clients
  • Attend and contribute to the weekly Capability Advisory Services and periodic Business Advisory and Turnaround Services meetings
  • Provide efficient service to both internal and external stakeholders/clients
 
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SENIOR MANAGER: ENTERPRISE RISK MANAGEMENT
JOB NUMBER IDC00226
JOB GRADE M Band
CLOSING DATE 28-Mar-2024
 
JOB DESCRIPTION
To enable effective implementation Enterprise Risk Management activities and provide 2LOD independent oversight within the organisations, whilst ensuring policies and framework reflects best practices.
 
QUALIFICATION AND EXPERIENCE
Qualification
  • BCom (Accounting/Information Technology/Business/Risk Management)
  • Professional Certification (e.g., CISSP, CISM, CISA, CRISC)
  • A post graduate qualification will be an added advantage.
Knowledge & Skills
  • 8 - 10 years’ experience in Operational Risk environment in a financial institution
  • Demonstrated experience in managing operational and IT risk programs.
  • Knowledge of with Risk and IT risk industry best practices and standards such as Basel, COSO and ISO27001/31000
 
ROLES AND RESPONSIBILITIES
  • Ensuring that Operational and Strategic Risk tools are embedded in the organisation.
  • Planning, development and implementation of IDC’s enterprise risk activities.
  • Initiate and recommend adoption of new operational risk management tools and procedures.
  • Developing, reviewing and updating Enterprise/Operational Risk Policies/frameworks to reflect best practice.
  • Facilitate the identification, assessment of key risks inherent in the operation of business units, as well as assist with the formulation of action plans to address any gaps in the mitigating measures identified.
  • Monitoring Risk levels and providing timely reports to Management and Stakeholders on the status of risks and mitigation efforts.
  • Identifying, analysing, and evaluating potential risks related to Information and Technology.
  • Participating in Governance Forums to ensure alignment of Operational and IT risk to Business Objectives
  • Promote and support timely and complete reporting of operational risk incidents/events by Business Stakeholders
  • Assisting with the co-ordination of the annual EWRM programme throughout the IDC.
  • Assisting in the development and review of the appetite risk framework.
  • Reporting to EXCO and Board Risk and Sustainability Committee on Operational and strategic Risk activities.
  • Assist with the coordination of Business Continuity Management activity.
  • Preparation of the packs for the Enterprise Risk Management Forum.
  • Provide training to Staff on Risk Management tools, policies, frameworks, and practices.
  • Coordinating assurance activities in collaboration with Internal Audit, Compliance, and other Assurance functions to ensure a comprehensive coverage and alignment.
  • Provide guidance and advisory to Business Stakeholders on risk related matters.
  • Staying informed about the evolving threats, trends, and technologies to proactively address emerging risks and enhance operational and IT risk management practices.
 
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SENIOR LEGAL ADVISOR
JOB NUMBER IDC00244
JOB GRADE P-Band
CLOSING DATE 28-Mar-2024
 
JOB DESCRIPTION
To provide sound, clear and accurate legal advice to mitigate the legal risks that the IDC is exposed to in its daily activities.
 
QUALIFICATION AND EXPERIENCE
Qualification
  • Law degree and Admission as an Attorney essential
  • Master’s degree such as LLM desirable
Knowledge & Skills 
  • A minimum of five years’ post-article experience in the financial services industry
  • 2-3 years working experience in the banking and finance/SoE/DFI (restructuring, turnaround & business rescue) space is essential
  • Experience in the drafting, review, negotiation and re-negotiation of cross-border, project finance, corporate, commercial, structured and re-structured finance transactions
  • Understanding of the PFMA in particular its application to Schedule 2 SOEs, PFMA Treasury acquisition notifications, competition commission  acquisitions notifications, fund management/investment
 
ROLES AND RESPONSIBILITIES
  • Provide general legal advice, including legal research
  • Structure, restructure, negotiate and re-negotiate corporate and commercial transactions including project finance and cross-border financing transactions
  • Identify, evaluate and structure import and export finance transactions
  • Ensure compliance with internal legal and other IDC procedures and policies
  • Identify and minimize potential legal risks
  • Draft, review, negotiate and re-negotiate financing agreements and other legal documentation
  • Make presentations and opine on legal and regulatory developments
  • Conducting legal due diligence investigations
  • Ensure efficiencies aimed at improving client satisfaction by providing efficient legal services 
  • Developing and maintaining relationships with providers of legal services (including, external legal counsels, business rescue practitioners and other key stakeholders)
  • Develop and maintain client and institutional relationships, internally, locally and internationally
 
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PARALEGAL OFFICER
JOB NUMBER IDC00243
JOB GRADE P-Band
CLOSING DATE 28-Mar-2024
 
JOB DESCRIPTION
Provide support to Legal Advisors and external lawyers on all commercial activities. 
 
QUALIFICATION AND EXPERIENCE
Qualification
  • Minimum: Paralegal Diploma  
Knowledge & Skills 
  • 5-8 years relevant working experience in a legal firm or financial institution.
  • Experience in issuing of instructions to external lawyers and conveyancers.
  • Proficiency on Microsoft Packages.
  • SAP, SharePoint & Docupedia (Advantageous).
 
ROLES AND RESPONSIBILITIES
  • Providing support to legal advisors in respect of all commercial
  • Populating agreements.
  • Attend to administrative tasks.
  • Timeous generation of standard agreements and documents (i.e. loan agreements, security documents (including guarantees, deeds of cession and subordination agreements), addenda, Letters of Amendments (LoAs) and Non-Disclosure Agreements (NDAs).
  • Taking of minutes of meetings.
  • Maintaining the general filing system and file all correspondence, as well as maintain electronic filing on Docupedia.
 
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