Jobs

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

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