The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. Work with Standard Bank and join a dynamic team of professionals proud to be voted the Best Bank in Africa for three years running. The following vacancy currently exists at Stanbic IBTC Bank Nigeria.
Job Title: Transaction Management Unit
Job ID: 6102
Location: Nigeria – Lagos
Division: Credit
Position Category: Credit
Employment Type: Full Time - Permanent
Job Purpose
Transaction Management Unit ("TMU") is responsible for providing market risk, operational risk and credit monitoring support to business units within Corporate & Investment Banking Group ("CIB") with regards to the management of the Group's Risk Asset Portfolio.
The job holder will assist in providing support for the (a) execution and closing of transactions undertaken within CIB, (b) Portfolio Management of all Assigned transactions, (c) work in co-ordination with other relevant departments to minimize risk associated with the Bank's risk assets, and (e) maintain good relationship with internal and external clients as well as service providers (Marketers, Legal, Risk and Finance).
KRAs
• Pre-handover / Transaction Closure
• Assisting in the review of loan documentation to evaluate transaction controls;
• Assisting in developing scopes of work / terms of reference for relevant consultants required for monitoring transactions post financial close;
• Assisting with the due diligence process in terms of Conditions Precedent to drawdowns and subsequent drawdowns;
• Attendance during negotiations with banks and other project parties;
• Initiating a monitoring and control process on new products/structures and obtaining approval of such process from Head of Credit.
Handover / Post Execution
• Ensuring that all relevant deals are being monitored.
• Obtaining relevant information on, and understanding of credit conditions to be monitored (conditions precedent, waived conditions and ongoing conditions)
• Meeting with the Origination and Execution team to ensure clear understanding of deal (structures, models, security, etc) at handover stage
• Ensuring that a full set of documents is received
• Capturing the relevant information into the TMU database including tracking of important dates and events relating to each deal under management.
Monitoring and Reporting
• Maintaining contact with client representative to ensure that the required risk information is received in a timely manner
• Monitoring and reporting on credit risk on a transaction, client and portfolio level by ensuring:
In addition to the above, the job holder will also assist in day-to-day tasks as delegated by the Head of TMU.
For more information and application: Stanbic IBTC Bank Jobs in Nigeria: Transaction Management Unit (https://careers.peopleclick.com/careerscp/client_standardbank/external/jobDetails.do?functionName=getJobDetail&jobPostId=10442&localeCode=en-us).
You can still check out this career opportunity. The deadline for application was not stated. Therefore, it is advisable to apply in time because it can close anytime from now.