Job Title: Credit Risk Officer, SME / VAF Business Support
Job ID: 12190
Location: Lagos, Nigeria
Employer: Stanbic IBTC Bank Plc (part of Standard Bank Group)
Division Group: Risk Management
Position Category: Credit Risk
Employment Type: Full Time – Permanent
Shift: No
Regulatory Approval: Yes
Main Purpose of the Job: 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 SME accounts identified as problematic are placed on the watch list and re-risk graded to reflect their current irregular status.
• Manage and monitor Referral Report – Daily.
• Generate and follow up on Irregular accounts/excesses – Daily & Weekly.
• Oversee that SME accounts identified as problematic are taken up with the Business Unit to ensure that remedial action is taken to regularise the exposure and /or escalate them to the Rehabilitation and Recoveries team
• Ensure that covenants and approval conditions for SME facilities are recorded, diarised and followed up effectively
• Manage and ensure the proper monitoring of the following reports: – Referral report – Dormant accounts – Accounts with debit balances without approved limits
• 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
• Identify irregular SME 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 SME 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 SME accounts.
• Ensure that SME accounts identified as problematic are placed on the watch list.
• Monthly reporting of SME accounts to be placed on Watchlist to Team Leader, Credit Risk Management.
• Updating Covenant tracker – Monthly for all SME accounts.
• Prepare conditions precedent checklist to facilitate approval for draw down of SME facilities once satisfied that all terms and conditions of sanction/covenants for SME activities have been met and all required collateral have been obtained and are in legal order.
• Any other responsibility assigned by the Team Leader.
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: Graduate with a minimum of 4 years experience preferably in banking.
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.
• Socially sensitive; Understand internal / external customers and adapt social behaviour accordingly.
• 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.
• Methodical; Must be able to prioritize and organize.
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