Credit Risk Management Officer 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: Credit Risk Management Officer

Job ID: 12866
Location: Nigeria
Division Group: Risk Management
Position Category: Risk Management Operations
Employment Type: Full Time - Permanent

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
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

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.

Application Closing Date
9th July, 2015.

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