Job Title: Credit Manager
Location: Lagos, Nigeria
Employer: Stanbic IBTC Bank Plc (part of Standard Bank Group)
Job ID: 12523
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: Manage a portfolio of counterparty credit risks associated with lending, trading, and investing activities, with the primary objective of assessing and managing risk within acceptable parameters. This position might include leadership of other Credit Managers.
KEY RESPONSIBILITIES / ACCOUNTABILITIES:
• Ownership and understanding of the risk profile of the credit portfolio allocated.
• Formulation and recommendation and/or evaluation of credit proposals, with a comprehensive risk assessment for new or increased facilities, as well as annual risk reviews on the existing portfolio base. This will usually entail visiting the customer and engaging at MD, FD or FM level, and where necessary. Present applications to Credit committees consisting of Exco members.
• Coordinate and ensure that the post-approval implementation of facilities and legal documentation is in accordance with the conditions of sanction.
• Follow up and address non-adherence to terms and conditions of sanction by counterparties; to consider the inherent risk therein and to make recommendations as to action to be taken to regularise or mitigate such increased risk.
• Coordinate research in respect of industry and market risk in relation to counterparty exposures on the underlying portfolio.
• Articulate credit appetite and give guidance structure of deals and documents required.
• Undertake quantitative and qualitative financial analysis to develop a comprehensive understanding of counter party risks for new or increased facilities. Conduct annual risk reviews on the existing portfolio base.
• Make timeous, sound and pragmatic recommendations and decisions in managing accounts within portfolio.
• Daily management, escalation and control of portfolio irregularities.
• Participate in projects as delegated from time to time.
SUCCESS INDICATORS:
• Proactive engagement in managing key stakeholders, resulting in positive feedback from stakeholders and client satisfaction.
• Ability to act autonomously and manage the portfolio effectively by supporting Business with an understanding basic products.
• Escalate more complex products to Senior Management.
• High reliability of decisions and recommendations made.
• Finding alternatives in order to make deals work (if possible) and in so doing, add value to the deal making process.
• Ability to network across the Business and create a positive profile for the Credit Risk team.
• Share knowledge and develop junior members of the team.
Required Skills and Qualifications:
QUALIFICATIONS
• Tertiary qualifications preferable.
• Prior banking or financial institutions experience advantageous.
EXPERIENCE:
• Minimum of 2 – 3 years experience in credit applications and transactions.
• Strong decision making experience with regards to credit issues.
Required Competencies:
KNOWLEDGE:
• Good understanding of accounting (both management and financial accounting) to analyse financial strengths and weaknesses of clients and identify potential risks to credit proposals.
• Thorough working knowledge of the risk systems for monitoring and related procedures for analysing the account behaviour of clients and identifying trends and shifts in credit risk profiles.
• Thorough understanding of products and facilities that give rise to counterparty credit risk.
• Good understanding of vanilla lending and derivative products and facilities that give rise to counterparty credit risks, including the documentation required/presented to manage that risk.
• Understanding of Basel and broader regulatory and compliance requirements.
• Well-developed knowledge of financial markets.
• Thorough conceptual and practical knowledge of credit procedures, policies and standards.
CORE PERSONAL COMPENTENCIES:
• Attention to detail
• Problem solving and ability to make decisions
• Customer-centric orientation
• Energy and drive
• Self-starter with a sound work ethic with follow through
• Strong organisational skills
• Strong consulting and portfolio development skills
• Confident and effective communicator (both verbal and written)
• Proactive approach to relationship building and a strong team player
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