Redeem Ngadze
Dublin
Summary
I hold a Stamp 1G permit by which I am eligible to work in the Republic of Ireland.
I am a rapport-building banking professional with expertise in Corporate Investment Banking, Finance and Administration, Audit, Management Consulting and General Management, inter alia, with skill sets garnered from over 26 years' experience to date in the employ of two reputable Commercial Banks and 3 of the big 4 Audit and Accounting Firms, amongst others.
My most immediate experience is in Corporate Investment Banking and includes roles in Credit Risk Management, Operational Risk Management, Workouts, Strategy and Client Relationship Management over the last 11 years.
My leadership, business acumen and seasoned stakeholder-management abilities help me foster robust business relationships with both internal and external stakeholders to optimize wholesome, sustainable performance.
Overview
27
27
years of professional experience
Work History
Senior Client Coverage Banker, Infrastructure, CIB
Nedbank Limited
Johannesburg
06.2018 - 11.2022
- Championed the bank's strategy to drive an agenda nationally for the reformation of the water sector by improving its bankability. Some of my initiatives included giving regional TV interviews and being invited to publish written contributions on this subject on behalf of Nedbank Limited - youtube/watch?v=mM4qblYlbkM&list=PL5SgYUH3ZX3ohi-hHNjaoWTR6XJ3xzj1T&index=4.
- I was tasked with originating infrastructure projects nationally and within the region with both existing and new relationships.
- A project finance portfolio of important infrastructure consortia was also assigned to me to manage their relationships with the bank to and ensure revenues and opportunities were optimized. The portfolio consisted of airports, rail, road and water concessions inter alia.
Senior Credit Manager
Nedbank Limited, CIB Division
Johannesburg
02.2016 - 05.2018
- In this work-outs/restructuring role my responsibilities covered exposures and relationships in and outside South Africa over a diverse portfolio of material high-risk exposures.
- Within the region I managed relationships with the leadership of the bank’s Subsidiaries as well as with the leadership of their clients.
- In South Africa my responsibilities covered exposures of large listed and unlisted entities with highly sensitive relationship aspects, divergent stakeholder interests and potentially material impairment implications for the bank’s balance sheet. I was entrusted with material non-public information which I used in the formulation of risk and client relationship strategy for consideration by the Credit Committee.
- I was a permanent member of CIB’s sub Credit Committee. I also was an invitee of the Rest of Africa’s Credit Committee for matters I have responsibility for in the region.
Chief Risk Officer
Nedbank Limited, The Kingdom of ESwatini
Mbabane
11.2014 - 01.2016
- Operating as the bank’s risk visionary and bearing the responsibility for managing all risks the bank is exposed to by effectively implementing all aspects of the Group’s Enterprise-wide Risk Management Framework (“ERMF”)
- Responsibility for all risk reporting to the Nedbank Group and for the annual review of the Subsidiary’s policies.
- Oversight of functions of Risk and Compliance Officers, Money Laundering control Officers, Legal Officer and the Head of Credit.
- Double-hatting as a stand-in Head of Credit while procuring a suitable candidate for that role.
- Structuring new deals where the bank was without capacity.
- Sponsoring Risk related projects such as FICA Remediation
- Critiquing new transactions brought to the bank, pre-credit as Chair of the Pre-Credit Deal Forum.
- Membership of the following committees:-
- Credit committee: chair
- Enterprise Risk Committee: chair
- Pricing committee: member
- Sales committee: member
- Assets and Liabilities Committee: member
- Risk, Compliance and Loan Review Committee: member
- Various project steering committees: Member
- Joint Operations Forum: member
- Technological Committee: member
Credit Manager, Structured Trade Commodity Finance
Standard Bank Limited
Johannesburg
02.2014 - 11.2014
- My role was to prepare credit papers for presentation to the relevant credit committee for both annual reviews and new transactions.
- For new deals my role particularly involved the critique of transaction structures proffered by the deal team and suggesting structural or risk mitigation options for improvement.
- As a member of the bank's centre of excellence in the product I would also take on continental matters that required remedy after breaching contracted covenants.
Credit Manager, Corporate Investment Banking
Standard Bank Limites
Johannesburg
01.2013 - 01.2014
- Prepared credit papers for annual reviews as well as new transactions for a cross-sectoral portfolio of top-tier, high-revenue clients and presented these to the relevant credit committees
- Worked cross-functionally with front office, legal and compliance to conclude and manage all contractual documentation
- Attended client meetings as ongoing credit evaluation and regularly assessed financial and other information to determine if the bank's exposures remained within acceptable risk territory.
- Handed over distressed exposures timeously to the Business Support and Recovery (BS&R) team to minimize possible losses.
- Played an advisory role to the front office sales team to ensure they engaged the client for deals of palatable risk.
- Managed and trained junior team members on various technical aspects of the credit function.
Regional Manager, Business Support & Recovery, CIB
Standard Bank Limited
Johannesburg
09.2011 - 12.2012
- Advising the regional and global directors on strategy over sectors or individual exposures which are or may be disposed to increased credit risk
- Guiding in-country teams, various in-country governance committees and in-country executive on strategy to minimise loss on identified exposures at risk
- Scenario planning of the possible impairment impact to the bank of the probable behaviour of various identifiable risk variables in the future (economic/political etc.)
- Regular reporting on the Africa portfolios to the Group Governance Committee
- Presentations of ‘lessons learnt’ to credit personnel executives and committees on risk mitigations to avoid losses
- Participation at regional Pre-Credit Committee meetings for the sanction of new deals
- Advising on the restructure of facilities at risk of losEngagement with Country Risk, Group in-country Legal as necessary in discharging risk mandate
- Advise Group Finance on general and specific provision for the African portfolios for reported group financial results
- Attend to internal and external audit queries related risk governance processes and procedures and justify levels of provision held
- Chair regional risk committees (Watchlist and Non-performing Loan [NPL]) which formulate and govern the loss-minimisation strategy for Watchlisted and NPL exposures.
- Attendance of Global Watchlist and NPL Watchlist committees to report the progress on material African exposures.
- Meeting and corresponding with the executive and management of major obligors on issues related to loss mitigation as well as with material stakeholders (reserve bank authorities, government authorities, shareholders, lender syndicate members and agents, project finance technical staff, external counsel etc.)
- Participation in special projects such as the improvement of the default data reporting processes for regulatory (reserve bank) reporting and the implementation of early warning risk management procedure for the performing portfolio.
Manager
KPMG Advisory Services
Johannesburg
09.2007 - 09.2011
- I ran the Africa Desk strategizing on and marketing Restructuring products for rollout into the continent.
- I was an accredited trainer of KPMG’s Restructuring Advisory products. I have trained KPMG personnel locally and on the continent on KPMG Global diagnostic methodology and other Restructuring Advisory products
- I was a member of the Turnaround Managers Association (SA Chapter) as well as the Institute of Directors as a representative of KPMG’s Restructuring Advisory Practice
- Marketing KPMG’s Restructuring Advisory product to potential clients at executive level. This includes the preparation of proposals and presentations thereof to adjudicating committees of the potential client.
- Planning, executing and running Restructuring Advisory projects which consist of multi-disciplinary team members. Projects are performed for clients across a wide range of business sectors. Most have been performed to advise major banks’ Work Out Teams Restructuring Advisory engagements include the following:-
- The performance of Independent business reviews to diagnose areas of underperformance from which recommendations and roadmaps for improvement are generated. This review covers strategic considerations as well as company operations, financial health and often a determination of the sponsoring bank’s security adequacy. The companies’ strategy is also considered for relevance given business issues arising as a result of economic trends and other externalities
- review of client prepared proposals for restructuring lender’s loans
- review or preparation of cash flow forecasting models to give visibility to short term cash requirements
- advising executives or lenders on strategic, financial restructuring and operational business issues
- Performing high level reviews to determine the robustness of a business operation against which determination a business undertaking is dependent. These invariably have been performed for funders considering to increase their exposure with a client
- project managing functions for complex client projects such as operational restructures for groups
Senior Consultant
Turnaround Partners
Johannesburg
07.2005 - 09.2007
- Performed business diagnostics, giving recommendations for improvement
- Trained private sector and government executives on strategy, accounting and business systems. Performed locally and regionally
- Assisted the IFC (SME division) with the modification of the business diagnostic tool for South African businesses
- Performed management consultancy assignments for clients in various sectors
- Performed financial modelling, business valuations and due diligences
Acting Finance Director
Rubber Products Manufacturing
Bulawayo
08.2003 - 12.2004
- My immediate port of call was to turn around the affairs of this leading regional rubber products manufacturer.
- Full responsibility for formulation and implementation of all organisational financial strategy.
- Responsibility over financial reporting as well as ensuring the integrity of the integrated financial package, ensuring the persistence of an effective internal control environment and robust policy and procedures.
- Responsibility over the company’s tax affairs as well as the administration of employee pensions.
- Presentation of financial performance and tabling of strategic initiatives at board meetings.
Senior Audit Manager
Ernst & Young
Bulawayo
10.2001 - 07.2003
- Senior External Auditor (For clients in various sectors, public and private)
- Also lead forensic investigations for the Reserve Bank of Zimbabwe (on local banking franchises) and various institutions in the manufacturing sector.
- I was responsible for on-the-job-training of all my team members.
Financial Accountant (Temporary Role)
Dunlop Zimbabwe
Bulawayo
07.2001 - 09.2001
- Coordinated and consolidated monthly management reporting
- Checked monthly supporting reconciliations.
- Cleared long outstanding reconciling issues (debtors, creditors, stock ledger, payroll, fixed assets register, various control and suspense accounts etc.).
- Gave recommendations for improvement of month-end close-out procedures.
Systems Accountant
ZUPCO
Bulawayo
03.2001 - 06.2001
- I had the responsibility for the improvement of all internal control systems, processes and procedures of the Southern Region for this state-owned omnibus company.
- I had a direct reporting line to the general manager to whom I reported all my findings.
- My relationship with the general manager became inclement when in the performance of my duties I unearthed improper business activities linked to him which I reported accordingly.
Accountant
Safari Par Excellence
Bulawayo, Zimbabwe And Livingston, Zambia
09.2000 - 02.2001
- I was in charge of the financial operations and reporting of three well-established resorts on the Zambian side of the Zambezi from the Victoria Falls and several within Zimbabwe.
- I had oversight of a team of book keepers and looked into improving business processes, procedures and controls for all the resorts. My reporting line was into the finance director in Zimbabwe.
- The business soon considered restructuring to run its affairs out of Zambia which caused us to part ways.
Senior Accountant
Gwanzura Chartered Accountants
Bulawayo
05.2000 - 08.2000
- I oversaw my team’s preparation, from source documentation, of various statutory reporting (financial statements, tax returns, statutory returns) for a varied client portfolio.
- I would also review prepared financial statements for valuable insights from which the client could benefit.
- I would provide the necessary training to junior staff.
Articled Clerk
Deloitte & Touche
Bulawayo
03.1996 - 04.2000
- Conducted various external audits of a varied client base in the service, hospitality, manufacturing, retail, agriculture and mining sectors.
- Rose to supervisory level and managed some large audit engagements.
- This experience gave me an invaluable opportunity to learn the fundamentals of business in general.
Education
Bachelor of Science - Accounting
University of South Africa
South Africa05.2001
(Considering) Advanced Banking Credit Management Diploma -
University College Dublin
Dublin, IrelandSkills
- Corporate and investment banking
- Credit Risk Management
- Operational Risk Management
- Compliance Risk Management
- Organizational and team leadership
- Management consulting
- Finance and administration
- Executive Report preparation and presentation
- Mentoring and training
- Strategy ideation and implementation
- Client Relationship Management
- Project implementation
- Audit
- Accounting
Timeline
Senior Client Coverage Banker, Infrastructure, CIB
Nedbank Limited
06.2018 - 11.2022
Senior Credit Manager
Nedbank Limited, CIB Division
02.2016 - 05.2018
Chief Risk Officer
Nedbank Limited, The Kingdom of ESwatini
11.2014 - 01.2016
Credit Manager, Structured Trade Commodity Finance
Standard Bank Limited
02.2014 - 11.2014
Credit Manager, Corporate Investment Banking
Standard Bank Limites
01.2013 - 01.2014
Regional Manager, Business Support & Recovery, CIB
Standard Bank Limited
09.2011 - 12.2012
Manager
KPMG Advisory Services
09.2007 - 09.2011
Senior Consultant
Turnaround Partners
07.2005 - 09.2007
Acting Finance Director
Rubber Products Manufacturing
08.2003 - 12.2004
Senior Audit Manager
Ernst & Young
10.2001 - 07.2003
Financial Accountant (Temporary Role)
Dunlop Zimbabwe
07.2001 - 09.2001
Systems Accountant
ZUPCO
03.2001 - 06.2001
Accountant
Safari Par Excellence
09.2000 - 02.2001
Senior Accountant
Gwanzura Chartered Accountants
05.2000 - 08.2000
Articled Clerk
Deloitte & Touche
03.1996 - 04.2000
Bachelor of Science - Accounting
University of South Africa
(Considering) Advanced Banking Credit Management Diploma -
University College Dublin
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