Business Support & Recovery Manager at Stanbic IBTC

Position Description 
To identify, manage and provide advice in connection with CIB distressed and defaulted exposures in terms of the BS&R Mandate. To provide leadership to the BS&R team in the absence of the BS&R Head for the Nigeria portfolio.

Main Responsibilities
• Along with the relevant Relationship and Credit Managers / Executives, assess clients/accounts in order to optimise the bank’s profitability and limit exposure over the short, medium and long-term.
• Assess counterparties, the current security position and where appropriate take additional security. Participate and lead rapid risk reviews for Nigeria in order to identify watch list and non-performing loans early
• Oversee the drafting of sound legal documentations and scrutinise agreements including but not limited to facility agreements, consortium agreements, security sharing agreements and mortgage charges, in accordance with set risk parameters.
• Be involved and influence client visits and negotiations to manage credit recovery processes including restructure and or renegotiation of facilities.
• Understand the requirements of the various Companies Acts and Central Bank regulations regarding Watchlist and Non Performing Loans
• Business oriented solutions driven approach with acceptable risk as opposed to total risk minimisation approach.
• Develop and implement solutions for credit recovery on accounts in order to secure debt, stabilise accounts or turnaround where possible.
• Manage, influence and negotiate with relevant stakeholders to limit the Bank’s exposure on accounts.
• Attend and influence consortium meetings from a business risk perspective.
• Conduct in-depth research on relevant accounts, applying banking, legal and credit knowledge where applicable.
• Provide advice to various stakeholders on credit recovery and liquidation / receivership processes.
• Prepare and submit liquidation claims / appoint Receivers.
• Attend and prepare for meetings with creditors.
• Brief attorneys and counsel and oversee conduct of litigation on behalf of the Bank.
• Report to the Watch list and NPL Committee and implement decisions there from, as well as update the relevant schedule/s on a monthly basis.
• Maintain the default data base in terms of the Service Level Agreement with Credit Analytics for Non Performing Loans on individual portfolio
• Document and communicate relevant decisions to all relevant stakeholders.
• Assist with relevant reporting returns and provide advice on these where required.
• Participate in industry initiatives from time to time
• Awareness of the Group Reference Guide (GRG); CIB Credit Policy and BS&R Mandate.
• Build and maintain network of influence and assistance across Business and Credit