Head, Personal Banking Credit 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.

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.

We are recruiting to fill the position below:

Job Title: Head, Personal Banking Credit Evaluation

Job ID: 12818
Location: Nigeria
Division Group: Risk Management
Position Category: Credit
Employment Type: Full Time - Permanent

Job Description

• To assist Personal 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.

Key Responsibilities

• Evaluates whether Personal 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 personal credit applications reviewed.
• Identifies, quantifies and evaluates sources of risk in relation to profitability of business proposals and financial viability of Retail clients as a whole, interrogates/probes.
• Utilizes Industry risk analysis available to identify and understand contextual threats to existing and potential clients.
• Ensure timely and quality credit assessment and decision are made.
• Manage adherence to the service level agreement that have been concluded.
• Builds relationship with Branch Managers and Account Analysts 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.
• Actively hindsighting lending decisions to ensure that correct procedure are being followed in the approval of facilities, which will prevent new NPL’s.
• Regular perusal of relevant internal & external communication, such as circulars, economic reviews on industries, & financial or industry publications to ensure that any development, new requirements or external risks are properly taken cognisance off in lending decisions or conditions of lending.
• Staff training internally (credit staff) and externally by supporting POR staff with the emphasis on the requirements to make a meaningful assessment of the credit risks involved.
• Manage the implementation of personal credit processing systems and software and monitor performance of same.
• Participate in PBB EXCO, CRMC and other relevant committees as required.

Key Performance Measures

• To achieve 100% compliance to agreed governance and control within PB Credit Evaluation.
• Effective management of credit loss within budget.
• Partner & Support Business for growth of quality risk assets
• People succession for all Key Roles within the Unit
• Timely and accurate submission of all required returns / reports.
• Control Costs within budget.
• To provided Customer Service to internal to ensure that their requests are dealt effectively and timeously(i.e within agreed TAT)

Required Skills and Qualifications
Qualifications:

• University degree in any numerate course with background in credit risk management.
• Consumer/Personal Banking experience with proven credit skills.
• Good understanding of local market and consumer/Personal banking credit in general
• Possess an eye for detail.
• Good analytical skills.
• Good interpersonal skills.
• Good communication skills.
• Good financial and MIS skills.

Experience:

• Minimum of 10 years banking experience, with at least 5 years in credit risk management, preferably in consumer/personal credits and a large volume underwriting environment.
• Experience of managing a large team.
• Marketing/relationship management experience.

Required Competencies
Technical competencies:

• Knowledge of credit evaluation/underwrinting in business and personal banking ( Consumer, retail, personal SME etc)
• Knowledge of regulatory requirements in granting consumer credit facilities.

Personal competencies:

• Adaptability - capable of adapting to and accepting change, opposing views, new ideas, as well as being imaginative and creative.
• Numeracy & Analytical Skills - have the capacity to work with numbers and figures, as well as to collect, process, analyse and integrate data into relevant, factual outcomes or conclusions. Have the ability to undertake and/or analyse underwriting metrics such as through-the-door analysis.
• Excellence Orientation - disposed to setting and achieving high standards of excellence.
• Organizational Alertness - capacity to appreciate and understand how job fits in with other jobs and overall job structure of the organization; and the importance of company policies & procedures.
• Communication - ability to convey information (both verbally and in writing) by articulating messages clearly, concisely, accurately and understandably.
• Customer Orientation - able to focus on and achieve high standards of service that meet the expectations of clients.
• Judgement - capable of evaluating and judging situations or alternative actions and outcomes against rational, logical assumptions.
• Leadership - ability to lead and manage a large team of people engaged in fairly routine processing functions. Ability to develop subordinates by providing them with simple, clear instructions; demonstrations; systematic exposure to increasingly challenging tasks; continuous feedback, appraisal, counselling and rewards.
• Organizing - ability to source and allocate required resources; design and utilize control systems; delegate and co-ordinate the tasks and duties of individuals and groups.
• Decisiveness - show the readiness and ability to make decisions/render judgement and take full responsibility for same; take action and apply corrective measures when and where necessary.
• Computer Literacy - ability to use the various software e.g. Microsoft Word, Excel, etc.
• Attention to details - meticulous approach to issues.

Application Closing Date
21st April, 2015.

Method of Application
Interested and qualified candidates should:
Click here to apply online