Stanbic IBTC Holdings PLC is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.
Stanbic IBTC Bank legally became part of Standard Bank Group 24th August 2007. The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. Stanbic IBTC Bank is a major financial service provider engaged in personal banking, business banking, credit cards, corporate banking, non-interest banking and wealth and investment banking in Nigeria.
Credit Risk Management Officer
Job ID: 12866
Division: Group Risk Management
Position Category: Risk Management Operations
Division Proposition
Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
Position Description
To carry out credit procedures, maintain a tight control over all aspects of advance administration, with the primary objective to contain credit risk within acceptable parameters.
Key Responsibilities
Ensure that accounts identified as problematic are placed on the watch list and re-risk graded to reflect their current irregular status.
Ensure that covenants and approval conditions for facilities are recorded, diarised and followed up effectively.
Ensure call-over of loading tickets used in booking previous day transactions is done and ready before 2.00 pm the following day.
Liaise with approved Estate Surveyors and ensure that turnaround time on Property Valuation does not exceed three days.
Ensure reconciliation of the Valuation SRA account is ready by the third working day of a new month
Manage and ensure the proper monitoring and reconciliation of the following GLs:
o VAF receivables account 990908NGN3002000 /839705921 reconciliation
o Initial deposit account, PB, BB & CIB fee accounts, Early Rebate Penalty and Late Charges account reconciliation
o Insurance Suspense Account reconciliation
o Documents Awaiting Suspense reconciliation
o Extensions Suspense reconciliation
o Debit Order Suspense reconciliation
o Maturity Deals Report auctioning
o Unearned Income account reconciliation
o Earned Income account reconciliation
o VAF Book Balance (Segmented & Consolidated) reconciliation
o VAF Income Account (Segmented & Consolidated) reconciliation
Ensure reconciliation of the LC Commitment GL is ready by the 3rd working day of a new month
Identify irregular accounts and liaise with respective branches to ensure that remedial action is taken to regularize the exposures or escalate them to respective evaluation Manager or Manager, Credit Risk Management who will escalate them further to higher authority
Maintain a diary system to ensure timely follow up and ensure that corrective action is taken and the account rectified as indicated.
Ensure that irregular accounts are downgraded as per policy and facilitate hand over to R & R post 30 days in arrears.
Communicate with branches to ensure regularization of accounts.
Ensure that accounts identified as problematic are placed on the watch list.
Monthly reporting of accounts to be placed on Watch-list to Team Leader, Credit Risk Management.
Updating Covenant tracker – Monthly for all accounts.
Any other responsibility assigned by the Team Leader.
Key performance measures
Risk Management
Maintain a high quality-lending book, through the judicious and effective management thereof.
Customer service / performance measurement
Add value to PBB Banking by delivering a prompt, efficient and professional risk management service.
Key performance measures
Risk Management
Maintain a high quality-lending book, through the judicious and effective management thereof.
Customer service / performance measurement
Add value to PBB Banking by delivering a prompt, efficient and professional risk management service.
Key Dimensions of the job
Daily
Daily capturing and monitoring of covenants
Ensuring proper actioning of credit reports.
Ensuring the proper monitoring of excesses
Updating the diary system to which facilitates appropriate follow-ups.
Weekly
Ensuring weekly reports are actioned accordingly.
Monthly
Timely submission of reports/returns to Finance and SAC
Timely submission of Damage control report.
Follow up on outstanding audit issues
Job Requirements
Required Experience: 3-5 year(s)
Desired Courses: Not Specified
Required Skills and Qualifications
Experience
Minimum of 4 years Banking experience, particularly credit risk management.
Analytical with a tolerance for high volumes and problem absorption whilst detailed oriented.
Required Competencies
Competencies
Excellent oral & written communication skills. Correspondence to be articulated in a logical and well-structured manner. Must be able to convey facts, ideas and opinions clearly.
Proficiency in the use of MS Office Suite especially MS Excel.
Analytical skills with ability to analyze large data.
Attention to detail. Thorough, particular and accurate in nature.
Initiative. Identification of possible outcomes and taking preventative measures.
Resilience. Ability to stand ground when being challenged.
Integrity. Maintaining a high level of trust.
Good organizational skills to achieve required work flow.
People management skills and great team player.
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.
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