Collateral Confirmation & Market Intelligence Specialist at First Bank

Duties & Responsibilities

• Responsible for the physical confirmation of all contracts and collateral for LPO, IDF, CFF, APG, PFI, BG etc with Principals to validate credit documents
• Responsible for physical confirmation of domiciliation arrangement from principals
• Follow up with DMO and CBN on SDN to ensure that the bank’s position is secured
• Physical visitation of schools to validate RAC for FirstEdu. product
• Physical visitation of third-party vendors to verify suppliers under Stock replacement facility product
• Validation of agreements /signatories under ESCROW account  
• Collect/validate all documents from RM required for processing of credit requests in CAP/SLD
• Ensure appropriate loan documentation and timely follow- ups with head office departments for loan approvals
• Follow up with CRM for conveyance of F3800Bto to the Relationship team upon approval
• Responsible for the follow up with relevant departments to ensure perfection of security documents
• Responsible for bank-wide circularization for the release of security documents
• Liaise with CRM in processing the release of security documents
• Liaise with Risk Departments and Legal for processing and collection of bonds
• Ensure timely processing of security documents & certifications
• Liaise with Legal Services for review of documents (bonds, APG & collateral perfection)
• Monitoring and tracking of short term loan repayments across all SBUs and prompt escaltion of account showing early signs of deliquency
• Carry out pre-approval physical visitation to markets bank-wide for market intelligence and risk assurance check across the SBUs
• Assist to engage the BUs on a regular basis to deliver training and enlightenment of FTS and all its variants to facility better understand of the product to avoid pitfall and process delays
• Carry out engagement and visitation of customers for assessment and profiling as part of risk assurance function to aid Management decision
• Carry out pre assignment review all FTS and variants applications across all SBUs on Fintrak
• Prepare and initiate the pre-approval recommendation for all FTS and variants transactions across the Bus before Management approval
• Carry out the periodic post approval visitation of FTS Management & Collection officers to customers shop for stock assessment as part of the monitoring strategies
• Make daily review of all active FTS and variants accounts to identify loan covenant default on accretion timelines   FTS Management & Collection officers
• Carry out the tracking, preparation, and rendition of daily monitoring reports of all active FTS and variants across all the SBUs
• Render daily monitoring reports to all the SBUs bank-wide where all red flags are duly noted and escalated
• Initiate escalation of all loan repayment defaults and early distress account to the management of relevant SBUs for prompt action
• Provide weekly FTS and variants position report to the Team Lead
• Drive collection on FTS and variants loans in branches and ensure performance trigger monitoring
• Provide report on all collection and early delinquency signs /challenges on FTS/variants and short-term loans
• Arrange regular visits/meetings with customers and follow-up on repayment arrangements
• As part of Bank’s Information Security requirements, maintain the security of all information entrusted to the staff and comply with the principles in the Information Security handbooK

Job Requirements
Education:

• Minimum Education: First Degree in any discipline

Experience:

• Minimum experience: 6 yeas relevant banking experience