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Jobs > Business and Finance > Sterling Bank Plc Vacancy for a Team Lead, Loan Monitoring & Collateral Management

Sterling Bank Plc Vacancy for a Team Lead, Loan Monitoring & Collateral Management

Sep 21, 2020, 5:53 PM

Sterling Bank Plc "Your one-customer bank" is a full service national commercial bank in Nigeria. In over 50 years of operations, Sterling Bank (formerly NAL Bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank; and completed a merger with 4 other banks - Indo-Nigeria Merchant Bank, Magnum Trust Bank, NBM Bank and Trust Bank of Africa - as part of the 2006 consolidation of the Nigerian banking industry.

We are recruiting to fill the position below:



Job Title: Team Lead, Loan Monitoring & Collateral Management

Location: Lagos
Job Type: Full-time
Specialization(s): Banking/Finance/Insurance

Job Summary

  • To proactively monitor the performance of the Bank's Risk Assets with a view to achieving a healthy loan portfolio, minimise loan loss impairment and ensure all regulatory returns and reports are processed and submitted with zero-tolerance for sanctions/penalties. Ideal candidate will report to the Head, Credit Administration

Job Description

  • Carry out daily review of overdrawn account balances
  • Ensure Internal and External reporting of credit status
  • Effectively monitor credit facilities to ensure compliance with the Bank’s CPG and maintaining of a healthy risk asset portfolio
  • Render timely and accurate reports/returns submission to management and various regulatory Bodies
  • Render CRMS to CBN and upload to other private Credit Bureau
  • Advise management on the Bank’s loan portfolio and daily bookings (facility disbursement)
  • Ensure timely renewal of approved credit facilities and restricting utilization of expired credit lines
  • Manage Risk Assets Portfolio
  • Generate CRMS, CRC and CR report for every credit customer
  • Ensure training of staff on credit checks like CRMS, CR, CRC, et cetera
  • Ensure periodic review of watch-listed accounts to determine classification level and recommendation of same for appropriate provisioning
  • Carry out periodic review of borrowers’ credit files

Job Experience

  • Minimum of 7 years working experienced with, at least, 4 years in the banking industry relating to credit risk management.



How to Apply
Interested and qualified candidates should:
Click here to apply


Application Deadline  21st September, 2020.

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Business and Finance 
Sterling Bank Plc Lagos State