Stanbic IBTC Graduates Job Recruitment

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.

Job Title: Credit Risk Management Officer

Location 
Lagos

Job Field
Banking

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:
VAF receivables account 990908NGN3002000 /839705921 reconciliation
Initial deposit account, PB, BB & CIB fee accounts, Early Rebate Penalty and Late Charges account reconciliation
Insurance Suspense Account reconciliation
Documents Awaiting Suspense reconciliation
Extensions Suspense reconciliation
Debit Order Suspense reconciliation
Maturity Deals Report auctioning
Unearned Income account reconciliation
Earned Income account reconciliation
VAF Book Balance Segmented & Consolidated reconciliation
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 
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.

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 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

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