Job Title: Senior Credit Manager
Location: Lagos, Nigeria
Employer: Stanbic IBTC Bank Plc (part of Standard Bank Group)
Job ID: 12521
Division: Global Markets
Position Category: Credit
Employment Type: Full Time – Permanent
Shift: No
Regulatory Approval: Yes
Division Proposition: – Standard Bank values original thinkers with genuine insight and the team commitment that will help our clients outperform the market. As Africa's largest and most respected bank, our Global Markets division offers you an outstanding opportunity to rapidly develop your banking talents. You will work across a range of financial instruments, operating within very different markets and countries. – Our ambitious plans now mean we are looking for a highly experienced credit manager
Position Description: A senior management position that carries full responsibility for the credit approval and management process in respect of a portfolio. Develop and maintain co-operative relationships between all stakeholders in the credit value chain. This position will likely include leadership responsibility for a team of Credit Managers.
KEY RESPONSIBILITIES / ACCOUNTABILITIES:
Evaluation and Approval of Credit Applications:
• Strong analytical skills, with the ability to review and understand complex transactions
• Analysis of credit applications to assess whether the credit risk is in line with the Bank's Credit Appetite and relative to the profitability of the deal
• A good understanding of the Risk Reward for each deal reviewed
• Well thought out decisions showing sound judgement where applications are within Delegated Authority
• Effective provision of analyses and recommendations where applications require referral
• Present applications to Credit Committee, consisting of Exco members.
• Specialist knowledge of Project Finance, Structured Transactions or other Product knowledge a requirement
On-going Credit Management:
• Proactively communicate key risks as they arise
• Overall management of the portfolio of accounts with appropriate escalation
• Monitoring, questioning and understanding changes in credit quality in any counterparty/industry
• Making recommendations to the Director Credit regarding portfolio strategies (Country and Industry trends and the strategic implications for managing the credit facilities of clients in those geographies and industries)
Leadership:
• Proven ability to lead teams and develop Credit Managers
• Demonstrate and/or develop a proactive, "Change The Bank" mindset
• Ability to influence all key stakeholders through knowledge and experience
• Identify and drive change within Credit and the Business by initiating and owning change projects
SUCCESS INDICATORS:
• High level of credibility in respect of recommendations and decisions made.
• The ability to deal with new business requests and understand complex transactions and products.
• The ability to coordinate and manage the credit origination and approval process across various jurisdictions.
• The ability to find alternatives in order to make deals work (if possible) and in so doing, add value to the deal making process.
• The ability to provide constructive workable guidance to in deal origination teams.
• The ability and confidence to operate independently whilst still operating as an effective team player
• Taking the lead as a change agent in teams and build a profile across various Risk types and the Bank.
Required Skills and Qualifications:
QUALIFICATIONS:
• Tertiary qualifications preferable.
• Prior banking or financial institutions experience advantageous.
EXPERIENCE:
• 5 years experience in credit
• Strong decision making experience with regards to credit issues
• Understand the Credit recovery process and actively participate on Watchlist
• Proven track record of leading teams essential
Required Competencies:
KNOWLEDGE:
• A solid background in credit, 5+ years at decision making level, preferably a track record of operating with a personal delegated authority.
• Thorough working knowledge of the Risk systems monitoring, and its related procedures, for analysing the account behaviour of clients, identifying trends and shifts in credit risk profiles.
• Thorough understanding of bank's products and facilities that give rise to counter party credit risk.
• Strong technical understanding of non-credit risks encountered within transactions.
• Knowledge of financial markets (Global and especially African economies).
• Thorough conceptual and practical knowledge of credit procedures, policies, standards.
• Knowledge of risk systems and derivative instruments.
• Assuming the lead on projects and bringing to conclusion.
CORE PERSONAL COMPETENCIES:
• Ability to adapt style in different situations
• Must pay attention to detail
• Good problem solving ability
• Must be comfortable making decisions
• Customer-centric orientation
• Self-starter with a sound work ethic and follow through
• Strong organisational skills
• Strong consulting and portfolio development skills
• Confident and effective communicator (both verbal and written)
• Proactive approach to relationship building with the ability to manage difficult relationships
• A strong team player
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