Latest Job Opportunity at Stanbic IBTC Bank

Job ID: 20013
Job Sector: Banking

Job Details

• Group Risk Management: understanding all risks - from the economic to the political - that could affect our global business, and offering guidance to all parts of the bank

Job Purpose

• To assume full responsibility and accountability of the portfolio (as per attached) of potential and existing non-performing loans under the control of PBB Credit of Stanbic IBTC Bank Plc.
• Manage and lead staff to ensure the minimisation of loss to the Stanbic IBTC Bank (Nigeria) by constantly improving the collections on NPLs, written off accounts as well as managing the rehabilitation and retention policy, so as to have the accounts redefined as performing.
• Ensure that appropriate collection tactics are implemented and security items are timeously and efficiently repossessed and realised;

Key Responsibilities/Accountabilities
Risk Management:

• Compliance with statutory, regulatory and supervisory requirements, to protect the reputation of the Group and to avoid legal action/sanction in respect of regulatory compliance matters.
• Utilizing effective recovery strategies to recover money on assigned NPLs and Written off accounts either in-house or by out-sourcing.
• Ensure compliance to credit policies and procedures.
• Comply with all the necessary systems and controls put in place to properly manage the NPL book, and maximise the rehabilitation of watchlist accounts in arrears.

Relationships:

• Liaise with relevant business units on developments within PBB Credit and their needs.
• Co-operative relationships between the various participants in the credit recovery processes.

Regulatory:

• Comply with statutory, regulatory and supervisory requirements, to protect the reputation of the Group and to avoid legal action / sanction in respect of regulatory compliance matters.
• Adherence to internal controls and regulatory requirements and enhance procedures, in need.

Operational Management:

• Implement collection strategies and campaigns.
• Maintain a high level of customer service.
• Control and monitor assigned NPL and Written off accounts outsourced e.g Court Orders for Repossession.

Key Performance Measures

• NPL not to exceed agreed target as per KPI.
• Manage the impairment charges.
• Timely and accurate submission of all required returns / reports.
• To provided Customer Service to internal and external customers to ensure that queries/issues are resolved expeditiously.
• Co-operative relationships between the various participants in the credit recovery processes, inclusive of attorneys, liquidators, auctioneers, trustees and debt collections agencies.

Preferred Qualification and Experience

• Bachelor’s degree in Social Sciences / Economics/Accounting/Law or any other degree considered relevant to this job description and as may be determined from time to time.

Knowledge/Technical Skills/Expertise

• A good knowledge of the collection process and related admin functions and laid down criteria relating to routine matters.
• Knowledge of procedural and legal issues involved in the resolution of bad debts evolving from a clear understanding of the provisions of all relevant legislative requirements.
• Knowledge of various legislative requirements, particularly as it pertains to the recovery of debt liquidation/insolvency/administration/receivership processes