Fresh Jobs 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.

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Responsibilities

• Daily review and recommendation of all credit facilities and credit product products.
• Ensure compliance with the Bank Credit Risk Policy Guide and documentation facility approval memorandum in the analysis of credit requests.
• Carry out the spreading, analysis and interpretation of financial statements.
• Quantitative and qualitative assessment to identify and quantify the financial and business risks of customers.
• Assign credit ratings to all customers by using internally developed and approved rating methodologies and models.
• Monitoring and management of credit portfolio to ensure the achievement of high-quality loan book with NPL less than 1%.
• Assessment or understanding of the operating environment (i.e. country, industry, regulatory and legal risk) and how it impacts the risk profile of the Bank credit portfolio.
• Evaluate customers' loan applications in line with the bank's credit risk policy guide.
• Independent review and assessment of the credit and financial profiles of the bank's target market across industry segments, including financial institutions.
• Understand applicable credit policies, industry regulations and the requisite impact of those governance items on prospective new partners or product initiatives.
• Prepare risk management presentations for senior management that include analytics on expected portfolio performance and areas of potential risk and/or opportunity
• Continuously ensure alignment/compliance to the credit risk management framework.
• Continuously analyze and recommend improvement on credit risk management framework, processes and systems.
• Regular stress testing of the Bank’s balance sheet and preparation of Internal Capital Adequacy Assessment Process (ICAAP).
• Preparation of regulatory reports.

Requirements

Education/Qualification

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

Experience

• A minimum of 6 years of experience in Credit Risk Control and Analysis.
• General Knowledge and Skills
• Knowledge and understanding of legal issues relating to security, relevant legislation or regulatory requirements, including IFRS 9, Basle II and III.
• Knowledge and understanding of financial statements.
• A good understanding of credit ratings, portfolio management and credit pricing.
• Good understanding and knowledge of the Prudential Guidelines.
• Good understanding and knowledge of the different industries 
• Credit risk and loan assessment
• Good knowledge of MS Office and Finacle Banking Software.
• Good knowledge, analysis and interpretation of financial Statement.
• Ability to motivate colleagues to meet set targets and goals.