Loan Review Officer at Wema Bank Plc

Wema Bank Plc - Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.

We are recruiting to fill the position below:

Job Title: Loan Review Officer

Location: Lagos
Job Type: Full Time

Job Purpose

• To objectively appraise loans and to ensure compliance with established Credit Policies and Procedures as well as extant Government laws and regulations. 
• To also proactively identify early warning signals that would lead to delinquent credits for quick remediation.

Job Responsibilities
Key Expectations:

• Performs regular loan portfolio reviews based on risk and/or size of all credit types.
• Ensures acceptable credit standards are maintained (verifies lien perfection, repayment capacity and collateral adequacy etc.)
• Ensures Risk Asset creation conforms to the bank’s lending policies and procedures. Also, ensure compliance with relevant State and Federal laws and regulations
• Ensures the creditworthiness of the loan portfolio, identify and report anomalies/ emerging risks that merit the review of the lending practices and/or adverse asset classification.
• Identify problem loans and work to ensure quick remediation
• Reviews bank’s processes (loan approvals, policy exception reporting, supervisory loan to value limits, underwriting, covenants, reporting, etc.)
• Determines if proper approval procedures and loan authorities were adhered to before disbursement.
• Aid Relationship Management and other SBU (Credit administration, FINCON, Account officers) on loan related accounts.

Professional Competencies

• Education: Bachelor’s Degree in Business related field with emphasis in quantitative background e.g. Finance, Accounting, Business Administration or Statistics
• Professional qualifications such as ACA, ACCA, ACIB, CFA etc. will be added advantage
• A minimum of two-year experience in Loan Review or Credit and marketing functions.

Application Closing Date.
12th April, 2025.