Loan Monitoring & Early Warning Lead at Kuda Bank

Job Overview

• To drive the Bank’s Early Warning, Loan Monitoring and Collateral Management strategies, implement portfolio monitoring policies and procedures, ensure effective credit controls, and promptly identify and escalate warning signals in credits to secure long-term asset quality.

Responsibilities

• Support the Head, ERM by ensuring that early warning indicators are effective, and loans are repaid or recovered promptly in line with contractual terms and established guidelines.
• Implement the Early Warning, Loan Monitoring and Resolution Department’s standardized processes and automation of critical processes and reports.
• Review and enforce Service Level Agreements (SLAs) with Business units and other Risk Management functions for all Early Warning, Loan Monitoring and Collateral Management processes.
• Review and approve the teams Operational Risk tool kits (RCSA) and ensure quality assurance of reports submitted by risk champions.
• Coordinate and act as the Secretariat for the Bank-wide Criticized Assets Committee meetings.
• Engage the Business units and other key stakeholders to track and ensure all action items during the CAC meeting are duly implemented as directed by the committee.
• Supervise and ensure the Preparation a daily exception report on all facilities booked and monitor regularization.
• Coordinate and conduct customer visits to provide leadership and guidance on sensitive remedial actions and deliver commitment from the Bank on resolution.
• Engage the Strategic Business Units to agree and drive Recovery, Collection & Remedial strategies.
• Supervise and ensure prompt confirmation of all submitted invoices by the customers before loans are booked on the Nerve core banking application
• Collaborate in the execution of collection strategies to maximize collections on defaulted accounts, including early problem recognition, management and restructuring.
• Supervise and ensure prompt call-over of activities of the disbursement officers to track compliance with terms and conditions of facilities.
• Prepare a dashboard to notify the Head, ERM of the Bank’s portfolio performance metrics, reflecting re-default ratio and other performance indices.
• Review the Bank’s monthly Criticized Assets Report and ensure the portfolio performance ratios along the relationship managers and the sectors are well captured.
• Ensure the preparation and review of reports as required by internal and external stakeholders
• Review the Loan Loss journal and ensure monthly provisioning is charged to the P and L
• Conduct a high-level review of selected products, highlighting the performance status and useful recommendation to improving the portfolio health.
• Develop a report on Loan loss accounts that will effectively impact the Bank’s bottom line and work with the business team to ensure resolution.
• Ensure the Overdraft efficiencies are effectively monitored in compliance with the agreed turnover covenant.
• Supervise and monitors the appointment of the Bank’s Estate valuers and Collateral managers.
• Review the activities of the Bank’s appointed Estate valuers and Collateral managers.
• Ensure the Bank’s contingent exposures are promptly reviewed and duly updated on core banking application to reflect the Bank’s current liability.

Requirements

• B.Sc in Economics or related field, MBA (Executive) is an added advantage
• Minimum of 5 years of Credit Monitoring, credit administration, Credit Risk Analysis, Collateral Management and Remedial Management experience with added experience in distressed or workout loans
• Excellent Credit Risk Management and Credit Administration
• Proficient knowledge of loan structuring/restructuring
• Perfect understanding of CBN guidelines
• Proficient knowledge of banking operations and product
• Good knowledge of other extant regulations & provision.

Benefits
At Kuda, our people are the heart of our business, so we prioritize your welfare. We offer a wide range of competitive benefits in areas including but not limited to:

• A great and upbeat work environment populated by a multinational team
• Pension
• Career development & growth
• Competitive annual leave plus bank holidays
• Competitive paid time off (Parental, Moving day, Birthday, Study leave etc)
• Group life insurance
• Medical insurance
• Well-fare package (Wedding, Compassionate and etc)
• Perkbox
• Goalr - employee wellness app
• Award winning L&D training
• We are advocates of work-life balance, working in a hybrid in office schedule.