Stanbic IBTC Bank Vacancy for a Credit Evaluation Manager

Stanbic IBTC Bank is a leading African banking group focused on
emerging markets globally. It has been a mainstay of South Africa’s
financial system for 150 years, and now spans 16 countries across the
African continent.

Standard Bank is a firm believer in technical innovation, to help us
guarantee exceptional client service and leading edge financial
solutions. Our growing global success reflects our commitment to the
latest solutions, the best people, and a uniquely flexible and vibrant
working culture. To help us drive our success into the future, we
are looking for resourceful individuals to join our dedicated team
at our offices.

Stanbic IBTC Bank is recruiting to fill the job position below:

Job Title: Credit Evaluation Manager (Commercial)
Job ID: 19614
Location: Lagos
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 provide effective value adding risk management to assist
    Business Banking in achieving their asset growth targets, whilst
    maintaining a quality-lending book, through effective underwriting,
    evaluation and approval of credit applications.
  • Providing effective value adding risk management to assist
    Business Banking in achieving their asset growth targets and ensure the
    effective assessment of risk with respect to lending and related
    activities across all branches, expert and private banking.
  • The delivery of a professional service to all business units, by
    assessing and evaluating credit facilities (new and/or existing) based
    on sound credit & financial principles, whilst adhering to the
    Bank’s group credit risk standards, maintaining credit independence and
    managing risk reward balance.

Key Responsibilities/Accountabilities

  • Evaluate accurately credit proposals to ensure they meet sound
    business criteria and credit risk fall within acceptable parameters
    within approved turnaround times. 
  • Identify, quantify and evaluate credit risks in relation to
    profitability of business proposals and financial viability of Business
    banking credits.
  • Monitor watch lists process to ensure that irregular accounts
    are identified early and accounts identified as high risk are being
    managed effectively in terms of agreed action plans.
  • Review of relevant internal & external communications, such
    as circulars, economic reviews on industries, & financial or
    industry publications to ensure that any development, new requirements
    or external risks are properly taken cognizance of in lending decisions
    or conditions of lending.
  • Monitor the risk grading of all Business Banking customers using BBRS
  • Overseeing the spreading of financial statements for Business Banking customers using Spread Pac.
  • Ensure proper documentation and monitoring of all processed credit files
  • Process credit applications and ensure timely and quality credit assessments and decisions are made.
  • Build relationship with Regional, branch managers and Business
    Banking managers to improve quality of business proposals and turnaround
    time on credit evaluations.
  • Detect and evaluate shifts or changes in key risk parameters and
    evaluate the implications of such changes on continued banking
    relationship.
  • Carry out other functions that could be assigned on daily basis in addition to present roles.
  • Liaising with Legal department on credit related issues.
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Key Performance Measures

  • Good quality asset book in the Commercial space.
  • Reduction in credit losses in the Commercial space.
  • Contribute to Pre-Impaired and Impaired portfolio within agreed budget in the Commercial space.
  • Asset growth in the Commercial space.
  • Improvement in rework, decline and approval rate in the Commercial space

Internal and External Relationships
Internal relationships:

  • Commercial Relationship Managers
  • Legal Officers.

External relationships:

  • Bank’s client in the Commercial Banking Space

Preferred Qualification and Experience

  • B.Sc in any Social Science course with a Master’s degree or professional qualification
  • Minimum of 7 years banking experience, particularly pertaining
    to credit risk management, banking processes with regard to banking
    products and the operation thereof.

Knowledge/Technical Skills/Expertise:

  • Detailed understanding of accounting, including both management
    and financial accounting, in order to analyze the financial strength and
    weaknesses of clients, and identify potential risk to credit proposals.
  • Thorough understanding of all the bank’s product and facilities
    that give rise to counterparty credit risk, including their mechanisms
    and source of profitability for the client and the bank, and what
    constitutes credit risk in these facilities.
  • Understanding terms of the facilities, and any conditions and
    covenants that will need to be complied with over the duration of the
    facility’s life, in order to manage risk within set parameters.
  • Sound knowledge of available products, including Group Company
    and related products, competitor products and industry trends. Must know
    product constraints and how to adapt to customer needs and
    profitability.
  • Sound knowledge and understanding of credit criteria, credit
    policies, risk and financial analysis, credit control and the
    application thereof
  • Thorough working knowledge of the operating system and its
    related procedures, for analyzing the account behavior of clients,
    identifying trends or shift in credit risk profiles and the management
    of excesses.
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How to Apply

Interested and qualified candidates should:
Click here to apply 

Application Deadline  9th November, 2016.

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