Industrial Development Corporation [Ltd] (IDC) Vacancies

To apply, click on the link at the end of the posts and all the best with your applications.

Anti-Money Laundering Control Officer (AMLCO)

Synopsis

The Anti-Money Laundering Control Officer is responsible for assisting and supporting STRATEGIC BUSINESS UNITS/Departments in complying with all the anti-money laundering control legislation, applicable to the IDC by developing the AMLC/PIP-PEP/Sanctions framework and procedures, facilitating the implementation, creating the required awareness, performing compliance reviews and reporting on level of compliance.

The incumbent will be responsible for designing, evaluating, supporting, and influencing a culture of compliance throughout the organization, as well as assisting in the management and execution of an efficient compliance monitoring program.

Qualification and Experience

• LLB/ B. Com or equivalent qualification

• Accredited or certified member of the Compliance Institute of South Africa (CISA) (Advantageous)

• A Certificate in Anti-Money Laundering Control (Advantageous)

• CAMS Certification or a Certificate in Compliance Management will be an added advantage (Advantageous)

• At-least 5-8 years’ experience in anti-money laundering compliance management environment

• Sound experience in report writing and presentation skills

• Knowledge of the Siron System will be an added advantage

• Experience developing and implementing compliance programs

• Team player with the ability to work unsupervised

• Willingness to work on various compliance issues

• Must be able to adapt to working in a fast-paced environment

Roles and Responsibilities

• Assist in the development of compliance initiatives and programs to comply with the respective money laundering legal, licensing, and regulatory obligations

• Improve and maintain AML/CTF policies and procedures

• Aid in the improvement of tools to monitor, analyse, and report suspicious activity

• Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place

• Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF

• Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions

• Ensure consistent and timely feedback on cases that have been escalated

• Liaise with management to develop investigative strategies

• Develop and participate in compliance programs and initiatives

• Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted

• Ensure detailed and prompt investigation of all AML/CTF incidents and cases

• Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps

• Develop and execute face-to-face / virtual training for staff in various business units as required

• Aid in general compliance awareness and refresher training

Click here to apply

Administrator

Synopsis

• 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

• Matric

• Relevant Diploma

• 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 to transactions submitted to the Anti-Money Laundering Cluster.

• Handle PFMA allocations in respect to request submitted to the Compliance Management 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:

   o Quality check all documents issued by the HoD

   o 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

Roles and Responsibilities (cont.)

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

Click here to apply

Sector Lead: Manufacturing, Agro-Industries & Services

Synopsis

• To lead the identification and development of projects through the Project Development Life
• Cycle to achieve IDC’s strategic objectives and contribute to industry development goals.
• To provide industry knowledge and sector-specific insights with the objective to position IDC as a “thought-leader” within industry development and to identify areas of opportunities within the value chain.
• To drive collaborative, proactive planning with other business units/divisions to build industry road maps and identify development and execution priorities.
• To develop high impact projects that support industry strategies including project identification, scoping, and development to bankable feasibility.
• To co-ordinate and oversee all project activities within the relevant sectors.
• To closely collaborate with the Industry Planning and Strategic Business Units to ensure identification of adjacent opportunities and guide policy on sectoral development.
• In collaboration with Head and other Sector Leads, to build proper project governance and oversight.
• In collaboration with Head and other Sector Leads, to build deep project development skills and capabilities across the Unit.
• Provide strategic leadership and management to a team to ensure high performance.
• Provide leadership and drive culture transformation in a manner that fosters a culture
• consistent with the Corporation’s values (passion, professionalism and partnership).

Job Description

Main Responsibilities

• Financial / Shareholder Returns
• Ensure that all projects are developed and structured in a way that facilitates inclusive development and maximizes developmental impact.
• Deliver on initiatives that enhance the competitiveness of priority sectors.
• Achieve high success rate on project development.
• Crowd-in risk capital to projects.

 Internal / Operational Processes

• Lead the IDC’s participation in specific projects during the various phases of project development
• (idea generation, project scoping, pre-feasibility study, bankable feasibility study.
• Lead the evaluation of projects at every decision gate of the project development life cycle up to bankability.
• Formulation of industry development strategies and associated action plans aligned to industry development and strategic development goals.
• Identify opportunities and constraints for industry development.
• Participate in effective long-term industry planning, alignment and co-ordination with Heads of Strategic Business Units.
• Build proper project governance and oversight.
• Proactive identification of project opportunities to build the pipeline.
• Scoping/assessment of externally generated project opportunities.
• Ensure alignment of projects to strategic objectives.
• Lead effective project-specific risk management through all the phases of project development up to bankability. Development and implementation of strategies or action plans to drive the Unit’s strategic objectives.
• Quality control of projects during development phases.
• Contribute to strategy development for the Unit to maximize development impact.
• Lead the preparation and presentation of reports to relevant internal committees for decision making during the project development phases.
• Contribute to the improvement of competence and knowledge of project ideation / origination
• / Initiation and development.
• Lead and develop the definition and measurement of success metrics
• to objectively quantify project success. Report on progress against agreed plans.
• Lead and guide project steering committees.
• Assist with internal budget preparation and other administrative tasks from time to time.

 Customer Focus & Stakeholder Management

• Build influential and sustainable relationships with strategic partners to assist IDC in achieving its strategic objectives.
• Establish and maintain effective networks and build IDC brand awareness.
• IDC representation on boards / steering committees.
• Effectively interact with Strategic Business Units and Departments to fulfil the process requirement related to any specific project.

 Learning, Leadership & People Growth

• Remain abreast of best practice project planning and development and implementation principles.
• Provide strategic leadership and management to maximize effectiveness and drive high performance and delivery.
• Ensure the effective management of the team, including employee motivation and development.

Qualification and Experience

Formal qualifications

• Minimum qualification: relevant commercial or technical Honours’ Degree or equivalent qualification.
• MBA or a master’s degree would be an advantage.

Knowledge & Experience

• 10-12 years related experience, of which 8 years should be in project development.
• At least 5 years of experience at a leadership level and management of teams.
• Active experience in early-stage project development and understanding of project life cycle.
• Sound knowledge of key project development risk drivers.
• Previous project planning and development experience dealing with multiple partners/funders.
• Deep mining, metals, infrastructure and energy knowledge or related sectors.
• Extensive knowledge of environmental and government regulatory requirements in projects
• g. EIA, water license applications.
• Detailed understanding and application of corporate management and structuring processes.
• Knowledge of legislation issues surrounding project joint development agreements (contract management and dispute resolution).
• Project leadership (complex projects)
• Experience in peer review
• Experience in interpretation of financial statements
• Experience in financial modelling
• Knowledge of the market environment and technology landscape
• Knowledge of financing instruments
• Understand models of proposed financial structures
• Competence in coaching and mentoring of team members
• Experience in engaging, managing and negotiating with relevant specialist bodies, government institutions, industry associations etc.
• Experience working in a high-level collaborative environment
• Ability to manage multiple competing priorities while building effective relationships
• Extremely organized and persistent, with drive and determination to achieve goals.
• Experienced in attracting project development partners and negotiating term sheets / joint development agreements.

Roles and Responsibilities

Technical/Functional Competencies

• Project planning and development skills
• Financial acumen
• Risk management skills
• Consultant management skills
• Report writing skills
• Sector-specific technical knowledge
• Ability to analyse and process complex sets of information

Behavioural Competencies

• Team player
• Presentation and communication skills
• Proactive mindset
• Negotiation skills
• Relationship building and networking skills
• Persuading and influencing skills
• Good emotional control
• Empathy
• Ability to operate within a stressful environment, often characterised by multiple competing priorities
• Sense of urgency and output driven
• Leadership by example

IDC is committed to equality, employment equity and diversity. In accordance with the employment equity plan of the JDC and its employment equity goals and targets, preference may be given, but not limited to candidates from underrepresented designated groups.

Click here to apply

Senior Legal Advisor

Synopsis

To provide sound, clear and accurate legal advice to mitigate the legal risks that the IDC is exposed to in its daily activities.

To conduct legal due diligence investigations, prepare legal due diligence investigation reports, present the reports to the deal approving committees, draft debt and equity agreements and related security agreements, manage the clearance of conditions precedent.

Qualification and Experience

• Law degree and Admission as an Attorney essential

• Master’s degree such as LLM desirable

• A Minimum of five years’ post-article experience in the financial services industry

• 2-3 years working experience in the banking and finance teams of a law firm/bank/SoE/DFI 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

• Experience in drafting agreements relating to debt and equity funding, acquisition notifications, competition commission merger notifications, fund management/investment etc

• Understanding of various legislative including the Companies Act, the Insolvency Act, the PFMA & Competition Act is essential

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

• 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

Click here to apply

Portfolio Administrator

Job Description

To promptly and efficiently assist the department by providing an efficient and effective administrative role to achieve business objectives and to provide support to the various stakeholders

Qualification and Experience

Qualifications:

• National Diploma in Commerce or equivalent.

Knowledge and Experience:

• Minimum of 2-5 years’ experience in a Financial Services administrative environment
• Understanding and knowledge of the investment process 
• Experience in Customer Service and Care
• Experience in collection of data is essential
• Experience and knowledge of the SAP system will be advantageous
• Basic Excel Skills is essential
• The ability to operate in a multi-tasking and demanding environment

Roles and Responsibilities

• Monitoring terminal draw dates to ensure they don’t expire and extend before expiry.
• Tracking of undrawn commitments and updating SAP with forecasted draws by consulting with clients and validating the draws with relevant stakeholders (e.g. Segments and Strategic Business Units)
• Initiate and support disbursements processes and engage with relevant stakeholders to confirm conditions are met and gaps are communicated accordingly.
• Tracking and forecasting collections (such as Capital, Interest, Dividends, Sweeteners, Cash Sweeps, Settlements, Guarantees Fees etc.) by using SAP and send statements to clients to confirm payment. Ensure that memos are done to remove clients from debit order, when they are unable to pay.
• Investigate non-payment by IDC clients via emails and/or telephone calls. Follow-up on arrears/ outstanding payments & capturing status on the collections made & allocations of payments on SAP. Issue LODs for overdue payments & place clients on alternate rate where applicable.
• Generate and complete settlement documentation, including release of securities
• Ensure that all IDC securities are registered, registration documents are loaded on Docupedia and update SAP to reflect correct security (e.g. SNBs, Mortgage Bonds and GNBs).
• Ensure updated valuations reports on IDC security are done by the relevant IDC Dept, once expired & timeous request of new valuations to be done by providing the relevant information (e.g. assets register lists with serial numbers).
• Timeous collection of Financial Statements (ensure that the AFS & Management Accounts are accurate & complete with at least an Income Statement, Balance Sheet & Cashflow Statement). Timeous & accurate monthly updating on SAP. Issue LODs for overdue data & place clients on alternate rate where applicable.
• Capture AFS on the risk grading tool and notify relevant parties to finalise the risk grade.
• Accurate & timeous collection and monitoring of client compliance with undertakings and capturing received undertakings into SAP (e.g. client budgets & FICA/corporate governance information). Issue LODs for overdue data & place clients on alternate rate where applicable.
• Collecting jobs information from clients timeously. Check that the documents received are correct & comply with audit requirements. Issue LODs to clients for overdue jobs data & place clients on alternate rate where applicable.
• Timeously attend to client requests such as audit confirmations, statements, reconciliations, cancellations, undrawn amounts etc.
• Follow up on Letters of Amendment (LOAs) from & ensure implementation on SAP.
• Prepare memos for non-material approvals.
• Ensure that both manual and electronic filing system is up to date including saving on Docupedia or any applicable filing system.
• Ensure that an accurate database of all business partners is maintained and is up to date including, contact numbers, contact persons, physical and postal addresses, e-mail addresses etc.
• Carry out any other ad-hoc activities including capturing requirements and any other administrative duties effectively and efficiently.
• Efficient and Service Excellency to be provided to both internal and external stakeholders

Job Requirements

TECHNICAL COMPETENCIES

• Stakeholder Management
• Customer Insight and Focus
• Analytical Thinking
• Information Searching 
• Process Orientation
• Attention to Detail
• Report Writing 

BEHAVIOURAL COMPETENCIES

• Planning Organising
• Relationship Building
• Self starter / Pro-active
• Willing to Learn

Click here to apply

We wish you all the best with your applications