Job Title: Credit
Risk Management Officer
Job ID: 12866
Location: Nigeria
Division Group: Risk
Management
Position Category: Risk Management Operations
Employment Type: Full Time - Permanent
Shift: No
Regulatory Approval: Yes
Post Closing Date: Jul 9, 2015
Position Description
• 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
accounts identified as problematic are placed on the watch list and re-risk
graded to reflect their current irregular status.
• Ensure that
covenants and approval conditions for facilities are recorded, diarised and
followed up effectively.
• Ensure call-over of
loading tickets used in booking previous day transactions is done and ready
before 2.00 pm the following day.
• Liaise with
approved Estate Surveyors and ensure that turnaround time on Property Valuation
does not exceed three days.
• Ensure
reconciliation of the Valuation SRA account is ready by the third working day
of a new month
• Manage and ensure
the proper monitoring and reconciliation of the following GLs:
o VAF receivables
account 990908NGN3002000 /839705921 reconciliation
o Initial deposit
account, PB, BB & CIB fee accounts, Early Rebate Penalty and Late Charges
account reconciliation
o Insurance Suspense
Account reconciliation
o Documents Awaiting
Suspense reconciliation
o Extensions Suspense
reconciliation
o Debit Order
Suspense reconciliation
o Maturity Deals
Report auctioning
o Unearned Income
account reconciliation
o Earned Income
account reconciliation
o VAF Book Balance
(Segmented & Consolidated) reconciliation
o VAF Income Account
(Segmented & Consolidated) reconciliation
• Ensure
reconciliation of the LC Commitment GL
is ready by the 3rd working day of a new month
• Identify irregular
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 accounts are downgraded as per policy and facilitate hand over to R
& R post 30 days in arrears.
• Communicate with
branches to ensure regularization of accounts.
• Ensure that
accounts identified as problematic are placed on the watch list.
• Monthly reporting of accounts to be placed on Watch-list
to Team Leader, Credit Risk Management.
• Updating Covenant
tracker – Monthly for all accounts.
• Any other
responsibility assigned by the Team Leader.
Key performance
measures
Risk Management
• Maintain a high
quality-lending book, through the judicious and effective management thereof.
Customer service / performance measurement
Add value to PBB Banking by delivering a prompt, efficient
and professional risk management service.
Key performance
measures
Risk Management
• Maintain a high quality-lending book, through the
judicious and effective management thereof.
Customer service / performance measurement
Add value to PBB Banking by delivering a prompt, efficient
and professional risk management service.
Full job details
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.
Position Description
• 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
accounts identified as problematic are placed on the watch list and re-risk
graded to reflect their current irregular status.
• Ensure that covenants
and approval conditions for facilities are recorded, diarised and followed up
effectively.
• Ensure call-over of
loading tickets used in booking previous day transactions is done and ready
before 2.00 pm the following day.
• Liaise with
approved Estate Surveyors and ensure that turnaround time on Property Valuation
does not exceed three days.
• Ensure
reconciliation of the Valuation SRA account is ready by the third working day
of a new month
• Manage and ensure
the proper monitoring and reconciliation of the following GLs:
o VAF receivables
account 990908NGN3002000 /839705921 reconciliation
o Initial deposit
account, PB, BB & CIB fee accounts, Early Rebate Penalty and Late Charges
account reconciliation
o Insurance Suspense
Account reconciliation
o Documents Awaiting
Suspense reconciliation
o Extensions Suspense
reconciliation
o Debit Order
Suspense reconciliation
o Maturity Deals
Report auctioning
o Unearned Income
account reconciliation
o Earned Income
account reconciliation
o VAF Book Balance
(Segmented & Consolidated) reconciliation
o VAF Income Account
(Segmented & Consolidated) reconciliation
• Ensure
reconciliation of the LC Commitment GL
is ready by the 3rd working day of a new month
• Identify irregular
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 accounts are downgraded as per policy and facilitate hand over to R
& R post 30 days in arrears.
• Communicate with
branches to ensure regularization of accounts.
• Ensure that
accounts identified as problematic are placed on the watch list.
• Monthly reporting of accounts to be placed on Watch-list
to Team Leader, Credit Risk Management.
• Updating Covenant
tracker – Monthly for all accounts.
• Any other
responsibility assigned by the Team Leader.
Key performance
measures
Risk Management
• Maintain a high
quality-lending book, through the judicious and effective management thereof.
Customer service / performance measurement
Add value to PBB Banking by delivering a prompt, efficient
and professional risk management service.
Key Dimensions of the job
Daily
• Daily capturing and
monitoring of covenants
• Ensuring proper
actioning of credit reports.
• Ensuring the proper
monitoring of excesses
• Updating the diary
system to which facilitates appropriate follow-ups.
Weekly
• Ensuring weekly
reports are actioned accordingly.
Monthly
• Timely submission
of reports/returns to Finance and SAC
• Timely submission
of Damage control report.
• Follow up on
outstanding audit issues
Required Skills and Qualifications
Experience
• Minimum of 4 years Banking experience, particularly credit
risk management.
• Analytical with a
tolerance for high volumes and problem absorption whilst detailed oriented.
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.
• 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.
We are an equal opportunities employer and are totally
opposed to discrimination in any form. It is our policy to provide equal
employment opportunities for all employees regardless of race, sex, colour,
nationality, national or ethnic origin, sexual orientation, marital /
partnership status, religion, age or disability.
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