Credit Risk Management Officer, Commercial at Stanbic Ibtc Bank Nigeria

Division Proposition
Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are  mindful of achieving this objective in line with the interests of all stakeholders.


Job Title: Credit Risk Management Officer, Commercial

Job ID:9566
Location: Nigeria
Division: Group Risk Management
Position Category: Credit Risk
Employment Type: Full Time - Permanent

Position Description

Main Purpose of the Job

•To carry out credit procedures, maintain a tight control over all aspects of advance administration, with the primary objective to contain credit risk within acceptable parameters.

Key Responsibilities

• •Ensure that commercial accounts identified as problematic are placed on the watch list and re-risk graded to reflect their current irregular status. 
• •Oversee that commercial accounts identified as problematic are taken up with the Business Unit to ensure that remedial action is taken to regularise the exposure and /or escalate them to the Rehabilitation and Recoveries team
• •Ensure that covenants and approval conditions for commercial facilities are recorded, diarised and followed up effectively.
• •Identify irregular commercial accounts and liaise with respective branches to ensure that remedial action is taken to regularize the exposures or escalate them to respective evaluation Manager or Manager, Credit Risk Management who will escalate them further to higher authority.
• •Maintain a diary system to ensure timely follow up and ensure that corrective action is taken and the account rectified as indicated.
• •Ensure that irregular commercial accounts are down graded as per policy and facilitate hand over to R & R post 30 days in arrears.
• •Communicate with branches to ensure regularization of commercial accounts.
• •Ensure that commercial accounts identified as problematic are placed on the watch list. 
• •Monthly reporting of commercial accounts to be placed on Watchlist to Team Leader, Credit Risk Management.
• •Updating Covenant tracker – Monthly for all commercial accounts.
• •Prepare conditions precedent checklist  to facilitate approval for  draw down of commercial facilities once satisfied that all terms and conditions of sanction/covenants for commercial activities have been met and all required collateral have been obtained and are in legal order.
• •Any other responsibility assigned by the Team Leader.

Required Skills and Qualifications

Knowledge

• Thorough working knowledge of the operating system and its related procedures, for analysing the account behaviour of clients, identifying trends or shift in credit risk profiles and the management of excesses.
• Credit management experience.
• Good understanding of credit policies & processes.

Experience
 Graduate with a minimum of one year experience preferably in banking.

Required Competencies

Competencies

• Excellent oral & written communication skills.  Correspondence to be articulated in a logical and well-structured manner.  Must be able to convey facts, ideas and opinions clearly.
• Socially sensitive; Understand internal / external customers and adapt social behaviour accordingly.
• Proficiency in the use of MS Office Suite especially MS Excel.
• Analytical skills with ability to analyze large data.
• Attention to detail. Thorough, particular and accurate in nature.
• Initiative. Identification of possible outcomes and taking preventative measures.
• Resilience. Ability to stand ground when being challenged.
• Integrity. Maintaining a high level of trust.
• Good organizational skills to achieve required work flow.
• People management skills and great team player.
• Methodical; Must be able to prioritize and organize.

Method of Application
Interested candidates should click here to apply online