Credit Monitoring Officer at First Bank

DUTIES & RESPONSIBILITIES

• Ensure effective performance of credit monitoring functions on Small - medium size loan portfolio with low - mid complexity.
• Conduct and document a quarterly performance review on accounts in assigned portfolio and to highlight management action including classification that may be required on the accounts.
• Review and supervise the activities of the small-medium size loan portfolio.
• Post disbursement review to confirm compliance with approved conditions subsequent to drawdown on facilities and follow up on exceptions on an on-going basis.
• Escalation of observed exceptions on post disbursement review to Business Unit.

Execute credit monitoring functions and reporting on the following portfolio categories and make recommendations to Team Lead to correct exceptions

• Expired & expiring facilities;   
• Accounts in excess of approved limits;   
• Accounts with unauthorized balances and 
• Finnone accounts with overdue loan repayment and interest charges 
• Non-performing Overdrafts 
• Watchlist facilities

Impaired Facilities

• Identify other exceptions and ensure that RMs/GHs regularize these exceptions identified within stipulated timelines
• Generate data and present accounts for classification/declassification to Team Lead for further review and analysis.
• Support in first level remedial activity on Small to Medium accounts designated by management and not yet transferred to RBU
• Review reports for Criticized Assets Committee meetings for the following category to address portfolio exceptions, follow up on CAC resolutions and make appropriate recommendations for management’s informed decisions;
• Group Head Level Criticized Assets Committee Meeting
• Line Executive Criticized Assets Committee Meeting
• CRO/MD Level Criticized Assets Committee Meeting
• Work with Information Technology on continuous process improvement.
• Liaise with relevant stakeholders and other departments (BPM, Legal Services, Internal Audit/Operations/Control etc.) for effective credit monitoring as required by job function
• Assist to provide update on request from regulators and examiners during periodic review and ongoing basis.
• Monthly review and follow up on Bonds & Guarantee issued on behalf of customers and Inward BG securing the banks facilities.
• Review of Warehousing Stock report vis a vis customers exposure to the bank.
• Resolution of issues on black book managed by Credit Risk Management 
• Preparation of Credit Print out (LADRAM) in format required by CBN/NDIC Auditors incorporating IFRS 9 requirements in terms DPD, LGD, etc.
• Work at resolving exceptions on account management issues emanating from audit and examinations with relevant stakeholders 
• Implement the Bank’s Account Management Responsibility Policy
• Comply with the principles and policies in the Information Security Handbook
• Any other assigned duties

JOB REQUIREMENTS

Education

Minimum Education: Very good First degree in any discipline and any additional qualification.

Experience

Minimum experience: 2 years of relevant banking experience with at least 2years in Risk Management, Credit Analysis or Relationship Management function.

KEY COMPETENCY REQUIREMENTS

Knowledge 

• Knowledge of banking practices and policies, products and processes statistics. 
• Banking structure and procedures.
• Core Banking Processes and applications such as Finacle Industry knowledge.
• An in-depth knowledge of Credit Management processes.
• Familiarity with Microsoft Office, especially Excel.

Skill/Competencies

• Interpersonal skills 
• IT and Computer application
• Communications skills (written and oral)     Attention to details
• Analytical and conceptual skills
• Integrity
• Ability to communicate technical information to a non-technical audience
• Reporting skills
• Must be solution driven, proactive and have acceptable knowledge of the business environment
• Performance Measurement & Assessment skills
• Supervisory skills