New Jobs at Stanbic IBTC Bank Nigeria

Job purpose

• 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 by ensuring accurate and timely booking of all Business Banking deals while ensuring compliance with all conditions as stipulated in the sanction.  
• Ensure consistent service delivery, meeting the needs of both existing and new business clients

Key responsibilities

• Review conditions precedent checklist  to approve for  draw down of all Personal Banking facilities once satisfied that all terms and conditions of sanction/covenants have been met and all required collateral have been obtained and are in legal order
• Ensure the Covenant tracker is updated with all covenants as stated on the sanction document by the CEM before signing off for disbursement.
• Ensure proper follow-up on deferrals items to ensure same are regularized within the stipulated time frame and escalate deviations to Team Lead BB CRM for inclusion in the watch-list report.
• Authorize disbursement of all Personal Banking deals on the Core Banking software.
• Ensure CBN CRMS reporting on all customers with a cumulative exposure of N1 million
• Ensure PAS take-up of all UPLs, VAF and Home loans deal
• Ensure that Credit files are kept in perfect order in line with the CBN’s basic Credit Files requirement.
• Ensure take up and actioning of issues raised on Remedy with respect to personal loans.
• Ensure unverified record exception report is spooled on Cognos daily and loan repayment exception report spooled weekly.
• Responding to queries and resolving issues pertaining to limits loaded on both the Core Banking software and HP&L
• Ensure proper coordination of the team to achieve its objectives
• Any other responsibility assigned by the Unit Head.

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.

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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.

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