Credit Evaluation Manager (Personal Lending) 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.

Stanbic IBTC Bank is recruiting to fill the position of:

Job Title: Credit Evaluation Manager (Personal Lending)

Job ID: 12721
Location: Lagos, Nigeria

Position Description
To grow the Bank's personal risk assets portfolio responsibly by approving within assigned DA or referring as appropriate, within agreed TAT as specified in SLA, only credits for which inherent risks have been properly and accurately identified, assessed and mitigated, thus ensuring maintenance of a high quality risk asset portfolio.

Key Responsibilities

• Ensure quality and timely (within TAT specified in SLA) evaluation of credit risks are made on personal credit applications reviewed.
• Ensure accuracy and reliability of approvals within advised DA, or referrals to higher authority, on personal credit applications reviewed.
• Add value to the credit approval process by guiding originators as appropriate to reduce reworks on applications to < 15%.
• Consistently approve and recommend appropriate terms and conditions for all personal credit applications treated and monitor compliance on all conditions/covenants recommended.
• Ensure completeness of documentation, reconfirming that appropriate verification of information and documentation has been carried out by the Verification Team, credit bureau & CBN CRMS status searches, full compliance with product parameters/lending policy guidelines/other governance requirements on all personal credits processed, and accuracy of application data captured on Finacle/PAS Standalone.
• Build excellent relationships with business colleagues to enhance quality of personal credit proposals and reduce incidences of return of applications.
• Champion first class service delivery to the branches and sales outlets by providing effective support, being easily accessible, being decisive, providing prompt courteous and adequate feedback on applications handled and other inquiries received.
• Monitor developments in the industry and economy to ensure that such new developments are taken into consideration in lending decisions or prescribing lending terms & conditions.
• Conduct 1-in-20 check review, Staff loans, Home Loans, OD, Term loans, Credit cards, UPL,VAF applications, SALAD, On-lending Group Schemes and CAMS applications while also working on all other types of personal credits as assigned.
• Carry out other functions that may be assigned from time to time by the Head, Personal Lending or Head, PBB Credit.

Key Performance Measures

• Adherence to agreed TAT on all personal credits processed.
• Quality of credit risk evaluation as reflected in zero overrides of recommendations, performance of personal risk asset portfolio (as measured by credit loss ratio, default rate, et al), etc.
• Quality of services rendered and effectiveness of support provided to business units as measured by portfolio growth, rework rate of < 10%, 90% TAT within SLA, low volume/infrequent service delivery complaints.
• Adherence to product parameters, credit policies and governance standards as reflected in satisfactory audit ratings, zero CBN & NDIC regulatory exception reports, etc.
• Portfolio growth as measured by meeting of business risk asset budget.

Key Dimensions of the Job

• Achievement of risk asset budget for the personal credit portfolio.
• Growth and maintenance of high quality risk asset portfolio for the Bank.
• Minimization of credit losses.
• Delegated Authority holder.

Required Skills and Qualifications
Knowledge

• Minimum of a good university first degree in any of the Social Science fields.
• Sound knowledge and understanding of the local and international personal lending industry, retail lending analysis techniques, advances, credit criteria, credit policies, risk and financial analysis, credit control and application thereof.
• Sound understanding of business practices and the Bank’s personal credit products suite, credit policies and processes.
• Exposure to rudimentary credit scoring and automated decision making.

Experience
Minimum of 2 years banking experience, with at least 1 year in credit risk management, preferably in the retail/consumer credit space.

Required Competencies
Problem Solving

• Manage the cross-functional conflicts that may arise in the course of carrying out daily responsibilities.
• Manage the volume driven nature of personal credits while meeting agreed TAT on all applications.
• Utilize experience and knowledge in providing guidance to business units in packaging personal applications that are not routine.
• Effectively managing the pressure of providing necessary support to business units to facilitate meeting of risk asset budget without compromising necessary controls.
• Utilize experience and knowledge in providing solutions to ambiguous situations where intuitive calls are required.

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 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

• Effectively evaluate credit risks on all personal credits towards making sound decisions for approval or otherwise.
• Show decisiveness in applying product parameters, credit policies and governance standards.

Application Closing Date
29th October, 2014

How to Apply
Interested and qualified candidates should:
Click here to apply online