Group Head - Early Warning, Loan Monitoring and Resolution at Job Village Nigeria

Job Village Nigeria, an online talent-sourcing firm, is recruiting to fill the position below:

Job Title: Group Head - Early Warning, Loan Monitoring and Resolution

Location: Marina, Lagos
Employment Type: Full-time

Responsibilities

• Support the Chief Risk Officer on management deliverables by ensuring that early warnings are effective, and loans are recovered promptly in line with established guidelines.
• Guide and motivate the Early Warning and Resolution group by developing and monitoring KPIs of its personnel in order to achieve laid-down initiatives and projects.
• Provide strategic direction on the transformation of the Early Warning and Resolution group by providing strategic guidance in developing standardized processes and automation of critical processes and reports.
• Coordinate the development of a list of Standard Early Warning and Resolution Reports to aid reporting to Management and Board.
• Review and enforce Service Level Agreements (SLAs) with Business units and other Risk Management functions for all Early Warning and Resolution processes.
• Review and ensure that regulatory reports are accurately prepared and submitted promptly.
• Review and approve the group’s Operational Risk tool kits (RCSA) and ensure quality assurance of reports submitted by risk champions.
• Approve and ensure prompt implementation of regulatory or business changes on processes and policies.
• Coordinate the activities of the Secretariat for the Criticized Assets Committee.
• Conduct customer visits to provide leadership and guidance on sensitive remedial actions and deliver commitment from the Bank on resolution.
• Drive and oversee the execution of recovery and collection strategies to maximize revenue and collections on defaulted accounts, including early problem recognition, management and restructuring.
• Work with the Strategic Business Units to agree and drive recovery, collection & remedial strategies.
• Develop a dashboard to notify the Executive Committee of maturing obligations and past due obligations on large exposures, and follow-up to ensuring these are promptly regularized to improve the quality of loan book.
• Work with EXCO and Senior Management to develop insights into the delinquent portfolio to drive improvements to operational performance to meet and exceed acceptable targets.
• Coordinate all external engagements with 3rd party agents, including law firms and debt recovery agents.

Experience

• Minimum of 10 years of either Credit Monitoring and Recovery experience; especially experienced in distressed or workout loans and the management external entities such as law firms to ensure credit agreement compliance
• Recovery experience from Asset Management Firms/Commercial Banks

Required Competencies:
Functional / Technical Competencies:

• Credit Administration
• Credit Analysis
• Loan Structuring/Restructuring
• Knowledge of CBN Guidelines
• Knowledge of Extant Laws and policies
• Regulatory Compliance
• Portfolio Management
• Stakeholder Management
• Knowledge of Banking Operations
• Product Knowledge
• Analytical Skills
• Litigation Management
• Negotiation
• Business Acumen
• Service Level Management

General Competencies:

• Reporting
• Communication

Organizational Compentencies:

• Attention to Detail (Excellence)
• Continuous Learning
• Drive for Results (Efficiency)
• Customer focus

Behaviourial Compentencies:

• Interpersonal relations
• Initiative
• Decision quality & Problem solving
• Time & Self-Management
• Digitization

Application Closing Date
6th June, 2024.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the job title as the subject of the mail.