Job Vacancies at Wema Bank

Job Summary

• To effectively support the coordination of operational risk identification and assessment across the Bank.

Job Description

• Identification, assessments, and collation of operational risks across the bank
• Review new processes and products to identify and assess associated risks
• Coordinate Risk and Control Self-Assessments (RCSA) exercises
• Conduct Risk and Control Self-Assessments (RCSA) workshops
• Correlate identified risk scenarios to relevant business process to assist in identifying risk ownership
• Create and maintain a risk register to ensure all identified risk factors are accounted for
• Collation of corrective actions and maintenance of the actions log
• Analyze risk scenarios to determine their impact on business objectives
• Monitoring of execution and closure of corrective actions
• Review Service Level Agreements, Product Initiation, Documents, and Change Request Forms
• Conduct operational risk management training to ensure that all stakeholders understand Operational Risk

Job Experience

• Minimum 3 years of relevant experience in the Financial Services industry. 
• Knowledge of standards, frameworks, and leading practices related to risk identification and assessment
• Knowledge of use of Risk Identification tools
• Knowledge of risk assessment methodologies
• Knowledge of process review tools and techniques
• Knowledge of qualitative and quantitative risk evaluation methods
• Knowledge of business goals and objectives
• Knowledge of risk scenarios related to business processes and initiatives
• Knowledge of the elements of a risk register
• Knowledge of risk awareness training tools and techniques

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Job Summary

• To contribute to business development and execution of branch sales plans to achieve desirable profitability, foster a productive, value- producing relationship between the bank and customers and support the Business Development Managers to grow a portfolio of profitable customers in pursuit of specific sales, service, growth, and opportunity targets.

Job Description

• To contribute to retail business development and execution of branch retail sales plans, in order to achieve desirable profitability.
• To book quality retail loans and monitor for effective and efficient performance of such loans – This was not included before.
• To foster a productive, value-adding relationship between the bank and customers.
• To support the Retail Cluster Head to grow a portfolio of profitable customers in pursuit of specific sales, service, growth and opportunity targets
• To contribute to a strong customer-focused service culture in the Branch.
• Coordinating sales efforts with marketing program.

Sales Management:

• Execute branch retail sales strategy reflective of the local market conditions to ensure that sales targets are met. This includes having product knowledge, cross selling and keeping up to date with changes and developments in the local market/area to drive optimal achievement sales opportunities.
• Strong communication and interpersonal skills and the ability to build and maintain relationships
• To focus on driving customer acquisition and growing volumes, especially in the area of Retail business in the Bank through opening of different types of accounts.
• To give feedback to the sales team and product management in market situations on new product/existing product development/upgrade for growing small and medium scale businesses and individuals in our marketing environment.
• Conduct daily meetings with other retail sales team (Marketing Associates), carrying out reviews on the previous day activities and jointly plan for the week ahead.
• Manages and maintains current retail business relationships and seek new accounts through sales
• Engage in retail business development activities and solicitation of new retail business; be actively involved in instilling and maintaining a positive sales environment through education of the Bank’s products and services.
• Effectively convert service recovery to sales opportunities and sustain client loyalty.
• The collective targets for the MAs are sole responsibilities of the Retail, RMO who supervises all the activities of MAs under his/her purview.
• Giving sales presentations to a range of prospective customers
• Creatively engage customers as contactless as possible
• Visiting clients and potential customers to evaluate needs or promote products and services
• Coordinating sales efforts with marketing programs.

Risk Management:

• Ability to identify an acceptable level of lending risk, in line with the bank’s risk appetite statement and to maximize profit from that transaction.
• Comply with the Bank’s complaint resolution process to resolve the matter, maintain our high service standards and mitigate further risks / losses.
• Minimize risks through adherence to KYC compliance as per the bank policies and procedures in all your operations to minimize losses due to frauds.
• Discuss loan terms and conditions, and conduct collateral risk analysis to ensure compliance with the banks policies and procedures
• Ensure all documentation is valid and complete in assigned portfolio.
• Adhering to the Bank’s policies and procedures.

Financial Management:

• Extract and analyse financial statements, cash flow forecasts and other complex financial reports, providing accurate assessment
• Perform prequalification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
• Analyze financial statements of new customer and evaluate all loan documents.
• Contributes to the growth of deposits, loans and overdrafts to increase profitability of the branch.
• Draft and assist the Retail Cluster Head to complete deposit funding and credit proposal papers.
• Negotiating all contracts with prospective customers
• Answering customer questions about credit terms, products, prices and availability

Customer Service:

• Deliver and always maintain customer service standards, for improved service delivery.
• Log customers’ complaints through the customer query register identifying the root causes and addressing them at source to prevent recurrence.
• Provide appropriate products and services via the most suitable channel to ensure that customers’ needs are met.
• Offer a consistent yet differentiated customer experience by offering holistic needs analysis and consultation to key clients in portfolio management taking ownership of all categories of customer service matters.
• Consistent and frequent communication with client providing complete, concise portfolio valuations and guidance.
• Serves as a problem-solver for the client, helping them identify investment criteria, recognize and handle concerns that arise as consultation moves closer to decision.
• Complies with the use of appropriate processes and procedures expected of all members of staff who are constantly in contact with the customers.
• Advice customers on financial services
• Handles customer complaints and solve problems
• Engaging customers on banking products and services
• Approach and sign on new customers

People Management:

• Collaborate with peers in the branch to ensure effective support and service delivery.
• Contribute to developing a positive and proactive Safety and Wellbeing culture including meeting all safety and wellbeing compliance requirements.
• Role model and live the Bank’s Values while adhering to all corporate HR policies
• Exhibit Good leadership skill
• Has a direct responsibility and accountability for the performance of all MA in the branch

Information Security:

• As part of the Bank’s Information Security requirements, maintain the security of all Information entrusted to the staff and comply with the principles and policies in the Information Security Handbook.

Job Requirements

• 2-10 years of work experience in Commercial Business at any reputable Bank or financial institution.
• Education: Minimum of First Degree in any discipline. Additional Qualification will be an Added Advantage
• Professional Certification: CIBN
• Experience: Sales and Marketing
• Digitally Savvy
• Superb interpersonal skills.
• Good communication skills
• A commitment to excellent customer service
• Strategic thinking and ability to analyze and solve problems quickly
• Ability to work well with others and lead a team.