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: Loan Booking Officer
Job ID: 12725
Location: Lagos
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 by ensuring accurate and timely booking of all Business Banking deals while ensuring compliance with all conditions as stipulated in the sanction.
- Ensure consistent service delivery, meeting the needs of both existing and new business clients
Key Responsibilities
- Review conditions precedent checklist to approve for draw down of all Personal Banking facilities once satisfied that all terms and conditions of sanction/covenants have been met and all required collateral have been obtained and are in legal order
- Ensuring the Covenant tracker is updated with all covenants as stated on the sanction document by the CEM before signing off for disbursement.
- Ensure proper follow-up on deferrals items to ensure same are regularized within the stipulated time frame and escalate deviations to Team Lead BB CRM for inclusion in the watch-list report.
- Authorize disbursement of all Personal Banking deals on the Core Banking software.
- Ensure CBN CRMS reporting on all customers with a cumulative exposure of N1 million
- Ensure PAS take-up of all UPLs, VAF and Home loans deal
- Ensuring the Credit files are kept in perfect order in line with the CBN’s basic Credit Files requirement.
- Take up and actioning of issues raised on Remedy with respect to personal loans.
- Ensure unverified record exception report is spooled on Cognos daily and loan repayment exception report spooled weekly.
- Responding to queries and resolving issues pertaining to limits loaded on both the Core Banking software and HP&L
- 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.
Required Skills and Qualifications
Knowledge
- Thorough working knowledge of the operating system and its related procedures, for analysing the account behaviour of clients, identifying trends or shift in credit risk profiles and the management of excesses.
- Credit management experience.
- Good understanding of credit policies & processes.
Experience
- Minimum Banking experience of two years, 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
12th November, 2014
How to Apply
Interested and qualified candidates should:
Click here to apply online