Credit Risk Administration Officer at Optimus Bank

Responsibilities

• Ensure compliance with the credit risk policy guide of the Bank for all credit facilities.
• Ensure the Minutes of Management Credit Committee (MCC) meetings are properly documented and must capture the conditions of all approved credit facilities (on & off-balance sheets). 
• Ensure regular credit review, documentation of security and non-security documents.
• Ensure the generation of CBN CRMS prior to disbursement of all credit facilities (Automate the process for all Straight Through Process loans).
• Disbursement and management of non-straight through process approved credit facilities while ensuring compliance to the approval terms.
• Ensure the successful management of regulators and external auditors.
• Daily review of all newly disbursed facilities to ensure compliance with terms of approval (security & non-security documentation).
• Ensure all fees are automated and taken as at when due.
• Oversee and monitor all credit facilities bank-wide, with the aim to identify all non-performing facilities for recovery.
• Determine causes of delinquency in non-performing facilities.
• Identify contraventions of the Bank’s credit processes and escalate where necessary for immediate correction.
• Engaging customers with delinquent accounts to arrive at workout plans for the loans.
• Recovery of non-performing loans with the use of law enforcement agencies.
• Liaising with solicitors and property development consultants to bring about the sale of properties securing non-performing loans.
• Assessing and appointing qualified agents to carry out recovery and property realization in collaboration with stakeholders.
• Review risk assets (Direct & Indirect Exposures) covering documentation, security/collateral, performance, fees, and exposure.

Requirements

Education/Qualification

• A Bachelor of either Finance, Business Administration, Economics, or any related field.

Experience

• A minimum of 4 years of experience in Credit Risk Administration.

Skills/Competencies

• Knowledge and understanding of security documentation.
• Good understanding and knowledge of prudential guidelines and other banking regulations.
• Good knowledge of MS Office and Finacle Banking Software.
• Ability to motivate colleagues to meet set targets and goals.