Collateral Manager Job in Nigeria at Stanbic IBTC Bank Plc

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Job Title: Collateral Manager

Job ID: 7087

Location: Nigeria

Company: Stanbic IBTC Bank Plc (a subsidiary of Standard Bank Group)

Sector: Banking and Finance

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.

Preparation and Validation:

•   Ensure the Accurate and Timely drafting of legally enforceable facility letters / loan agreements, incorporating all the terms and conditions of sanction / covenants and required collateral.

•   Ensure the Drafting of collateral documentation in such a way as to assure the bank of legal protection against credit risk within set credit risk parameters.

•   Ensure that all alterations to standard collateral documents / agreements (such as facilities letters, cessions, pledges, suretyships/guarantees have been authorised in line with GRG procedures

•   Ensure compliance with all relevant laws, regulations and bank policies and procedures.

•   Ensure that all assets being secured in favour of the bank and in support of facilities are acceptable for collateral purposes, are current, have been verified, valued and where applicable, sufficiently insured.

•   Ensure receipt of all required collateral documents, legal in order, before recommendation of funds drawdown to Manager Credit Risk Management.

•   Adherence to Credit sanction in respect of regularisation of security.

•   Ensure that all standard Credit documentation including Guarantees by Bank issued on behalf of the bank conform to the bank's guidelines.

•   Ensure that only external attorneys as approved by the bank is used when preparing and registering collateral.

Knowledge

•Minimum of a 2.2 class of degree from an accredited/reputable university

• Minimum of Diploma in a 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.

• 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.

How to Apply:

• Visit Standard Bank Nigeria Jobs Portal.

• Scroll down and enter the "Job ID" in the field provided named "Search by Job ID"

• Click on "Search".

Collateral Manager Job in Nigeria