Officer - Business Banking Evaluation at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

We are recruiting to fill the below position:

Job Title: Officer Business Banking Evaluation

Job Code: 12780
Location: Nigeria

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 assist Retail Bank in achieving their asset growth targets by providing effective value adding risk management, whilst maintaining a quality-lending book, through judicious and effective management thereof.
• The delivery of a professional service to the business units, by assessing and evaluating credit facilities (new and/or existing) based on sound credit & financial principles which supports the minimizing of risk to the bank.
• Ensure the effective assessment of risk with respect to lending and related activities across all branches and suites.

Key Responsibilities

• Evaluates whether Business Banking proposals meet sound business criteria and credit risk falls within acceptable parameters, approve and recommends appropriate credit facilities including terms or conditions of facilities.
• Ensure accuracy and reliability of approvals within advised DA, or referrals to higher authority, on business credit applications reviewed
• Identify, quantify and evaluate credit risks in relation to profitability of business proposals and financial viability of Business banking credits.
• Manage adherence to the service level agreement that have been concluded.
• Build relationship with Business Bankers and Branch managers to improve quality of business proposals and turnaround time on credit evaluations
• Detects and evaluate shifts or changes in key risk parameters and evaluate the implications of such changes on continued banking relationship.
• Actioning of the daily referral report and make decisions to pay or not based on the reason for excess and source of adjustment, the terms of sanction in existence and the risk to which the Bank is exposed.
• Issuing of sanction letters, clearly stating the conditions and requirements of the lending.
• Review of relevant internal & external communications, such as circulars, economic reviews on industries, & financial or industry publications to ensure that any development, new requirements or external risks are properly taken cognizance of in lending decisions or conditions of lending.
• Carry out other functions that could be assigned on daily basis in addition to present roles.
• Liaising with Legal department on credit related issues.

Key Dimensions of the job (to be completed in-country):

• Daily
• Weekly
• Monthly

Problem solving, Planning and Decision Making

Problem Solving:

• Must be able to integrate specific deal analysis, counter-party analysis, and contextual risk analysis to identify and evaluate sources of risk and recommend risk mitigation actions / options.
• Solving job related problems within a broadly defined framework and policy. Required to be pro-active in forward thinking and sensitive to the impact the decision will have on the book. Should be able to generate solutions to job related problems.
• Evaluating the risks and benefits of each credit facility application and supporting information, taking into account broad industry risks, total bank exposure to specific industries, and the risk profile of the counter-party applying for credit.

Planning:

• Effectively monitor performance of all facilities processed especially the personal HL portfolio through maintaining accurate records and hence meeting reporting requirements.
• Monitor developments in the industry and economy that would have an impact on the personal lending space and escalate observations as appropriate.
• Integrate learning’s from monitoring developments in the industry and economy generally into credit decisions and approval conditions.
• Plan daily routine such that TAT on credit reviews are consistently met, while not neglecting prompt responses to calls and inquiries via mails from branches.

Decision Making:

• Approve/Recommend for approval, decline and rework decisions on all credit applications submitted
• Making judgment calls regarding the effectiveness of security/collateral offered, and setting appropriate risk parameters in respect of specific facility structures within which clients will need to operate to contain risk at acceptable levels.
• Taking decisions regarding appropriate corrective action in the management of increasing risk profiles, and counter-party failure to comply with credit agreements.
• Identifying industry trends and conditions that may threaten the value of security/collateral held, and managing appropriate corrective action in a way that is sensitive to the bank's relationship with its clients, without unnecessarily compromising the bank's security position.

Required Skills and Qualifications
Knowledge:

• B.Sc. in any course with a Master's degree or professional qualification
• Detailed understanding of accounting, including both management and financial accounting, in order to analyze the financial strength and weaknesses of clients, and identify potential risk to credit proposals.
• Sound knowledge and understanding of credit criteria, credit policies, risk and financial analysis, credit control and the application thereof
• Thorough working knowledge of the operating system and its related procedures, for analyzing the account behavior of clients, identifying trends or shift in credit risk profiles and the management of excesses.
• Thorough understanding of all the bank's product and facilities that give rise to counter-party credit risk, including their mechanisms and source of profitability for the client and the bank, and what constitutes credit risk in these facilities. Understanding terms of facilities and any conditions and covenants that will need to be complied with over the duration of the facility's life, in order to manage risk within set parameters.
• Sound knowledge of available products, including Group Company and related products, competitor products and industry trends. Must know product constraints and how to adapt to customer needs and profitability.

Experience:

• Minimum of 2 years banking experience, particularly pertaining to credit risk management, banking processes with regard to banking products and the operation thereof.

Personal Competencies

• Methodical; must be able to prioritize
• Attention to detail; thorough, particular and accurate
• Analytical; good numerical ability
• Initiative; ability to act with no supervision
• Resilience; ability to stand ground when being challenged.
• Integrity; maintaining a high level of trust.
• Written communication; correspondence to be articulated in a logical, well structured and user-friendly manner.
• People management skills and great team player
• Energetic and with sound decision skills
• Must be able to work under pressure, handle pressure/conflict and remain focused.
• Verbal communication. Convey facts, ideas and opinions clearly to others.
• Socially sensitive; understand internal and external customers and adapt social behavior accordingly.

Application Closing Date
9th February, 2015.

Method of Application
Qualified and Interested candidate should:
Click here to apply online