Stanbic IBTC Bank Nigeria, a member of Standard Bank Group, is currently recruiting for the following position(s):
Job Title: Collateral Manager
Job ID: 7087
Location: Nigeria
Division: Business Support
Position Category: Credit
Employment Type: Full Time - Permanent
Main Purpose of the Job:
Ensure that the Bank's needs to provide adequate controls over the risks encountered in the post-credit granting stage of the credit process are satisfied by ensuring the appropriateness, consistency, validity and enforceability of all collateral confirming that all collateral and legal documentation in respect of banking facilities and advances granted have been obtained are in legal order and properly housed.
Brief Job Description:
• Preparation and Validation
• Scrutiny and Management
• Custody of collateral documentation
• Co-ordination of Registration of collateral documents/agreements
• Management of Staff
• Problem solving, Planning and Decision Making
• Planning
• Decision Making
Knowledge:
•Minimum of a 2.2 class of degree from an accredited/reputable university
• Minimum of Diploma in Collateral related field
• Understanding of the bank's products and facilities.
• Understands the terms of the facilities, and the conditions that will need to be compiled with over the duration of the facility's life to ensure that legal risk is effectively restricted. www.theinfostride.com
• Knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, and the variety of lending mechanisms and types of collateral that may be used.
• Understanding of relevant registration processes.
•Understanding of the bank's internal controls and processes, specifically relating to the drafting, execution, management and custody of all facility letters / loan agreements / collateral documentation.
• Computer literacy, legal drafting skills, risk management ability, problem solving skills and credit evaluation skills.
For more information and application: Stanbic IBTC Bank Nigeria Jobs – July 2011 Banking Job Vacancies (https://careers.peopleclick.com/careerscp/client_standardbank/external/jobDetails.do?functionName=getJobDetail&jobPostId=12500&localeCode=en-us).
It is advisable to submit your application before the deadline. If you need further information, please post below. Good luck!