Team Lead Collateral Monitoring Unit at Stanbic IBTC Bank

Standard 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.

Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.

Job Title: Team Lead Collateral Monitoring Unit

Job ID: 12646
Location: Lagos Nigeria

Position Description
Ensure that the Bank’s need to provide adequate controls over the risk encountered in the pre and post credit process are satisfied by verifying key documents and maintaining a tight control over physical stock counts warehousing inspection and monitoring key distributors in line with approved parameters.

• This includes responsibility for enhancing the quality of the bank’s loan portfolio in conjunction with the other stake holders.

Key responsibilities

• Undertake a comprehensive and robust monitoring, stock count and other activities of customers related to CMU in line with approved sanction and various distributorship schemes.
• Undertake periodic and ad hoc visits/spot checks to review clients operations and provide a comprehensive status report as stated in approved sanctions, which must include identification of potential structural weakness in clients operations.
• Liaise with external agents’ e.g. warehousing/collateral agents’ e.t.c on behalf of the Bank and act as a checker on their activities in line with executed service agreements.
• Track daily/monthly collections from key distributors under the various approved schemes to forestall any possible diversion of sales proceeds.
• Daily/monthly review of account performance viz-a-viz terms and conditions of approval and ensure strict adherence
• Verification of documents and information in day to day work as delegated by Account Management or Credit Evaluation in line with approved TAT.
• Dairise and follow up on conditions of sanction/covenants as it relates to the CMU function.
• Refer/escalate/flag up problematic or irregular accounts (inappropriate payment patterns, failure to meet turnover covenants e.t.c) to Account Management for inclusion in the monthly watch-list.
• Maintain a proper monitoring system and ensure that the data set is complete and accurate.
• Design reports that addresses the tracking and measurement of agreed account performance criteria
• Coordinate monthly transaction status report to Management
• Ensure daily monitoring of assigned key distributors’ accounts for transactions flows and activities.
• Undertake a comprehensive stock count and other activities of customers, related to CMU in line with approved sanction and various distributorship schemes
• Track collection from the key distributors under the scheme to avoid any possible diversion of sales proceeds.
• Undertake accounts performance review in relation to the credit turnover, stock coverage etc. covenants of the facility and ensure strict adherence.
• Escalate potential defaults (i.e. inappropriate payment, failure to meet turnover covenants etc).
• Confirmation of LPOs, Invoices, Payment domiciliation letters and other documents prior to disbursement on facilities within the acceptable time
• Prepare monthly transaction status report to Management
• Ensure the funding limit availed to key distributors are not exceeded
• Preparation of relevant reports as required

Key performance measures

• Delivering a prompt, efficient and quality service to Credit and other stake holders for effective decision making and adherence to agreed TAT.
• Timely confirmation of LPOs, Invoices and other documents within the agreed TAT.
• Provide effective support to stake holders in the scheme.
• Daily review of assigned customers’ account and report as appropriate.
• Monitoring the fleet utilization ratio of the bank’s financed trucks.
• Ensuring compliance with approved sanctions, product papers, credit standards and policies.

Required Skills and Qualifications
Qualifications

• A good university degree.
• A master degree or additional qualifications would be an added advantage

Experience

• Minimum of 5 years banking experience preferably with a risk management background.
• 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 analysing the account behaviour of clients.
• Thorough understanding of all the bank’s produt and facilities that gives rise to third party counter risk.
• Analytical with a tolerance for high volumes and problem absorption whilst detailed oriented.
• Ability to multi-task without allowing/compromising on the quality of the output.
• Understanding terms of the facilities and any conditions and covenants that will need to be complied with over the credit life cycle

Technical competencies

• Excellent oral & written communication skills. Correspondence to be articulated in a logical and well-structured manner. Must be able to convey facts, ideas and opinions clearly.
• Proficiency in the use of MS Office Suite especially MS Excel, Power point.

Required Competencies
Personal competencies

• Analytical skills with ability to analyse large data.
• Analyse problems thoroughly, be pro-active and apply sound judgement
• Be able to collate and critically evaluate information from multiple sources
• Ability to weigh things up quickly and take the initiative within limits of authority.
• Attention to detail. Thorough, particular and accurate in nature.
• Initiative. Identification of possible outcomes and taking preventative measures.
• Resilience. Ability to stand ground when being challenged.
• Integrity. Maintaining a high level of trust.
• Good organizational skills to achieve required work flow.
• People management skills and great team player.
• Must be able to motivate team and enhance delivering of set objectives without compromising standards.

Application Closing Date
5th July, 2014

Method of Application
Interested and qualified candidates should
Click here to apply online