Jobs at First Bank of Nigeria

DUTIES & RESPONSIBILITIES

• Carry out periodic review on methodologies (Impairment, ICAAP, and CAR) as required. 
• Preparation of monthly Capital Adequacy Requirement report (CAR) 
• Preparation of monthly impairment calculation
• Preparation of monthly IFRS credit journals
• Preparation of quarterly ICAAP report to CBN (Internal Capital Adequacy Assessment Process)
• Preparation of credit disclosures for Year End and Periodic Audit
• Conduct Stress testing and scenario analysis for stakeholder unit/department/regulator as required
• Provide support for portfolio projects (IFRS, Basel)
• Conduct macroeconomic review, industry studies and industry ratings for the development of portfolio plan and credit strategy
• Analyse portfolio trends to determine root causes of negative trends in the Bank’s portfolio and recommend corrective measures.
• Conduct analysis of ratings in the Bank’s portfolio (Weighted Average Risk Rating)
• Implement the Enterprise Risk Management (ERM) framework to ensure compliance with Basle and IFRS requirements and co-ordinates the process for the review of the document
• Any other portfolio management tasks
• Comply with the principles and policies in the Information Security Handbook

JOB REQUIREMENTS

Education

Minimum Education: First degree in Business related and Science/Engineering courses.

Experience

Minimum experience: 2 years of relevant experience in banking or risk management.

KEY COMPETENCY REQUIREMENTS

Knowledge

• Data Gathering and Analysis.
• Industry knowledge
• Familiarity with Microsoft Office, especially Excel
• Familiarity with the bank’s software e.g. Finacle
• Research orientation

Skill/Competencies

• Interpersonal skills
• IT and Computer appreciation
• Communications skills (written and oral)
• Attention to details
• Analytical and conceptual skills
• Integrity
• Data gathering skills
• Ability to communicate technical information to a non-technical audience
• Reporting skills

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DUTIES & RESPONSIBILITIES

• Ensure effective performance of credit monitoring functions on Small - medium size loan portfolio with low - mid complexity.
• Conduct and document a quarterly performance review on accounts in assigned portfolio and to highlight management action including classification that may be required on the accounts.
• Review and supervise the activities of the small-medium size loan portfolio.
• Post disbursement review to confirm compliance with approved conditions subsequent to drawdown on facilities and follow up on exceptions on an on-going basis.
• Escalation of observed exceptions on post disbursement review to Business Unit.

Execute credit monitoring functions and reporting on the following portfolio categories and make recommendations to Team Lead to correct exceptions

• Expired & expiring facilities;   
• Accounts in excess of approved limits;   
• Accounts with unauthorized balances and 
• Finnone accounts with overdue loan repayment and interest charges 
• Non-performing Overdrafts 
• Watchlist facilities

Impaired Facilities

• Identify other exceptions and ensure that RMs/GHs regularize these exceptions identified within stipulated timelines
• Generate data and present accounts for classification/declassification to Team Lead for further review and analysis.
• Support in first level remedial activity on Small to Medium accounts designated by management and not yet transferred to RBU
• Review reports for Criticized Assets Committee meetings for the following category to address portfolio exceptions, follow up on CAC resolutions and make appropriate recommendations for management’s informed decisions;
• Group Head Level Criticized Assets Committee Meeting
• Line Executive Criticized Assets Committee Meeting
• CRO/MD Level Criticized Assets Committee Meeting
• Work with Information Technology on continuous process improvement.
• Liaise with relevant stakeholders and other departments (BPM, Legal Services, Internal Audit/Operations/Control etc.) for effective credit monitoring as required by job function
• Assist to provide update on request from regulators and examiners during periodic review and ongoing basis.
• Monthly review and follow up on Bonds & Guarantee issued on behalf of customers and Inward BG securing the banks facilities.
• Review of Warehousing Stock report vis a vis customers exposure to the bank.
• Resolution of issues on black book managed by Credit Risk Management 
• Preparation of Credit Print out (LADRAM) in format required by CBN/NDIC Auditors incorporating IFRS 9 requirements in terms DPD, LGD, etc.
• Work at resolving exceptions on account management issues emanating from audit and examinations with relevant stakeholders 
• Implement the Bank’s Account Management Responsibility Policy
• Comply with the principles and policies in the Information Security Handbook
• Any other assigned duties

JOB REQUIREMENTS

Education

Minimum Education: Very good First degree in any discipline and any additional qualification.

Experience

Minimum experience: 2 years of relevant banking experience with at least 2years in Risk Management, Credit Analysis or Relationship Management function.

KEY COMPETENCY REQUIREMENTS

Knowledge 

• Knowledge of banking practices and policies, products and processes statistics. 
• Banking structure and procedures.
• Core Banking Processes and applications such as Finacle Industry knowledge.
• An in-depth knowledge of Credit Management processes.
• Familiarity with Microsoft Office, especially Excel.

Skill/Competencies

• Interpersonal skills 
• IT and Computer application
• Communications skills (written and oral)     Attention to details
• Analytical and conceptual skills
• Integrity
• Ability to communicate technical information to a non-technical audience
• Reporting skills
• Must be solution driven, proactive and have acceptable knowledge of the business environment
• Performance Measurement & Assessment skills
• Supervisory skills

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DUTIES & RESPONSIBILITIES

• RCOs shall work independently of clusters in the planning and execution of control review activities and maintenance of assurance oversight of branches under their purview.
• They are required to move around their assigned branches for periodic in-depth reviews. RCOs report functionally to Cluster Control Managers (CCM) to streamline reporting structure; but remain responsible for the following functions:
• Maintain control oversight over assigned high risk branches 
• Utilise existing branch control review template (as minimum control tests) for in-depth review of branch processes and procedures
• Review various transactions of high risk branches under their purview using daily IT Control reports provided and carry out periodic control reviews of loan performance and collaterals
• Follow-up and track identified exceptions and ensure prompt resolution 
• Increase the control consciousness of First Bank staff by close monitoring and training
• Educate processors on key changes in the bank’s policies, processes, products and controls and improve processors’ understanding of processes and control by facilitating training sessions 
• Encourage self-reporting of errors, control breaches and fraud incidents in branches
• Carry out timely investigation and resolution of customers’ control related complaints 
• Ensure strict compliance with Internal Control and Enhancement plans and programs.
• Conduct investigations into fraudulent activities, unusual incident and other activities as may be required by the bank and report on findings to the Cluster Control Manager Conduct enhanced periodic on-the-spot-review of branch activities and report findings to the Cluster Control Manager
• Carry out daily IT Control Report, credit and other reviews that may be required by Internal Control & Enhancement review program as directed by Head, Control Techniques & Standards 
• Ensure prompt rendition of month end and other reports of work done
• Ensure complete documentation of all observed policy/procedural breaches observed during control review activities in the assigned high-risk locations
• Ensure prompt closure of internal control, regulatory, and Internal Audit exceptions observed and raised during the conduct of control /audit activities and subsequently tracking of unclosed exceptions. 
• Escalate unclosed exceptions through the business operational risk structure, line reporting channels or Business Executive for further engagement.
• Ensure implementation of process enhancement and improved control strategy in the assigned high risk branches.
• Conduct daily review of IT Control Reports and ensure the closure/escalation (to Cluster Control Managers, UORM/BORM/Line Executive) on noted exceptions.
• Escalation of process gaps to Head, Control Techniques & Standards for stakeholder engagement and enhancement as may be required
• Provide on the job training to Branch Operators in assigned high-risk branches and provide control advisory and decision support service to Branch Managers and Branch Team
• 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
• As part of the Bank’s Operational Risk Management Framework, identify, assess and report new risks, issues and incidents in identified high-risk branches and escalate to UORM/BORM/Process Owner/Line Executive for resolution and tracking.

JOB REQUIREMENTS
Education:
Minimum Education: First Degree preferably in a numerate discipline; higher degrees /MBA/ Possession of professional certification in accounting, Banking or related discipline.

Experience
Minimum experience – 5 years in Internal Control /Audit Function