Team Lead, Corporate Credit Appraisal February 13, 2024 Risk Management at Fidelity Bank

Qualification:

• Bachelor’s degree minimum of 2:2, master’s degree, certification in Institute of Chartered Accountants of Nigeria, Chartered Risk Managers Institute and other professional bodies will be added advantage.

Experience:

• Minimum of 5 years on similar role

Reporting Relationships

• Functionally & administratively reports to the Head, Corporate Credit Appraisal.

Certifications

• Any of the following: ACCA, CRMI, CIBN, PMP, ICAN

Job Objective(s)

• Underwriting of corporate credit applications in a timely manner and generate quality report to aid decision making by approval authorities.

Duties & Responsibilities

• Introduce the Bank to the marketplace, meet Assignment of credits to Credit Analysts in the Corporate Appraisal Group.
• Ensure credit requests have complete documents [i.e. financial spreads, evidence of proposed security, contracts – if applicable, etc. – current target of 80% of credits appraised.
• Ensure credit requests are processed in a timely manner-currently within 48-96 hours from submission of complete credit packages.
• Initial response to Relationship Managers on submitted credits – currently within 24 hours of receipt of credit package.
• Ensure credits processed are in line with the Bank’s laid down guidelines on credit as follows:
  • Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
  • Evaluate customer records and compare achieved profitability against initial projections.
  • Confer with credit administration Group to get credit reports where not provided by Relationship Managers.
  • Liaise with Legal Services Division on contracts, collateral documentation, etc.
  • Undertake joint calls with Relationship Managers when required.
  • Analyze financial data such as income growth, quality of management, and market share to determine expected performance on loans.
  • Evaluate Information on credit requests to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
  • Prepare quality reports [Credit Comments Memorandum] that includes the degree of risk involved in extending credit or lending money.
• Periodic Review of Product Papers.
• Build knowledge of Account Officers and Relationship Managers on the Bank’s Credit Culture, Policies and Procedure.
• Annual Rating of Corporate Bank Relationship Managers.
• Any other duties as assigned by the Head, Corporate Credit Appraisal.

Experience / Skills

• High risk consciousness.
• Good knowledge of Microsoft Excel.
• Ability to pay attention to detail.
• Ability to work under pressure.
• Good knowledge of the Bank’s Banking Software.
• Good understanding of various economic sectors/market dynamics.
• Strong ability to interpret and reconcile accounts.
• High level of independence and assertiveness
• Strong analytical skills.
• Excellent organizational skills.
• Good record keeping / file keeping and documentation skills.
• Excellent interpersonal skills.
• Good written and oral communication skills.
• Leadership and Managerial skills