Credit Analyst - Nigeria Job at Stanbic IBTC Bank Plc

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Job Title: Credit Analyst

Location: Lagos, Nigeria

Employer: Stanbic IBTC Bank Plc (part of Standard Bank Group)

Job ID: 12522

Division: Global Markets

Position Category: 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 analyst

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.

KEY RESPONSIBILITIES / ACCOUNTABILITIES:

•   Undertake quantitative and qualitative financial analysis to develop a comprehensive understanding of counter party risks for new or increased facilities.  Conduct annual risk reviews and monitor covenants and conditions on the existing portfolio base.

•   Understand the Banks internal rating models and their risk drivers, and translate this information into a rating using the correct rating model.

•   Develop a basic understanding of lending and derivative products.

•   Make recommendations and exercise judgement, sanctioning excesses within Delegated Authority limits.

•   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.  Consider the inherent risk therein and make recommendations to regularise or mitigate such increased risk.

•   Participate in and remain abreast of market developments.  Stay attuned to industry and market risk developments and trends in relation to counterparty exposures and their impact on the underlying portfolios.

•   Daily management, escalation and control of portfolio irregularities.

•   Maintain data accuracy in Credit and Bank systems.

•   Participate in projects as delegated from time to time.

SUCCESS INDICATORS:

•   Take responsibility for the portfolio, effectively prioritising and delivering within agreed turnaround times.

•   Proactive engagement in managing key stakeholders, resulting in positive feedback from stakeholders and client satisfaction.

•   Gain an understanding of the decisions and recommendations made by Credit Managers.

•   Meet targets to conduct annual reviews, thereby limiting the number of overdue reviews within portfolio.

Required Skills and Qualifications:

QUALIFICATIONS: Tertiary qualifications preferable        

EXPERIENCE: Prior banking or financial institutions experience advantageous.

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.

•   Gain 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.

•   Ability to understand products and facilities that give rise to counterparty credit risk and appropriately documenting these risks.

•   Basic 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.

•   Gain awareness of other Risk types, ie. Operational, Market and Country Risk.

•   Knowledge of financial markets, global economy and appropriate regional geographies in which portfolio operates.

•   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

•   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); and

•   Proactive approach to relationship building and a strong team player

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