Stanbic IBTC Bank Recruiting [April 2014] - Jobcenternigeria.com

Posted: Apr 22, 2015

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Stanbic IBTC Holdings PLC is a full service financial services

group with a clear focus on three main business pillars –

Corporate and Investment Banking, Personal and Business Banking

and Wealth Management.

Stanbic IBTC Bank legally became part of Standard Bank Group

24th August 2007. The Standard Bank Group merged its Nigerian

operations, Stanbic Bank Nigeria with that of IBTC Chartered

Bank PLC. Stanbic IBTC Bank is a major financial service

provider engaged in personal banking, business banking,
credit cards, corporate

banking, non-interest banking and wealth and investment banking

in Nigeria.

ACCOUNT MANAGEMENT
"IL_AD">OFFICER

POSITION

DESCRIPTION

•  To carry out credit procedures, maintain a tight

control over all aspects of advance
"IL_AD">administration, with the primary
"IL_AD1" class="IL_AD">objective to contain credit risk

within acceptable parameters.

KEY RESPONSIBILITIES

•  Ensure that accounts identified as problematic are

placed on the watch list and re-risk graded to reflect their

current irregular status.

•  Ensure that covenants and approval conditions for

facilities are recorded, diarised and followed up
"IL_AD4" class="IL_AD">effectively.

•  Ensure call-over of loading tickets used in
"IL_AD1" class="IL_AD">booking previous day transactions

is done and ready before 2.00 pm the following day.

•  Liaise with approved Estate Surveyors and ensure that

turnaround time on Property Valuation does not exceed three

days.

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•  Ensure reconciliation of the Valuation SRA account is

ready by the third working day of a new month

•  Manage and ensure the proper monitoring and

reconciliation of the following GLs:

o  VAF receivables account 990908NGN3002000 /839705921

reconciliation

o  Initial deposit

account, PB, BB & CIB fee accounts, Early Rebate Penalty and

Late Charges account reconciliation

o  Insurance Suspense Account reconciliation

o  Documents Awaiting

Suspense reconciliation

o  Extensions Suspense reconciliation

o  Debit Order Suspense reconciliation

o  Maturity Deals Report auctioning

o  Unearned Income account reconciliation

o  Earned Income account reconciliation

o  VAF Book Balance (Segmented & Consolidated)

reconciliation

o  VAF Income Account (Segmented & Consolidated)

reconciliation

•  Ensure reconciliation of the LC Commitment GL  is

ready by the 3rd working day of a new month

•  Identify irregular accounts and liaise with respective

branches to ensure that remedial action is taken to regularize

theexposures or escalate

them to respective evaluation
"IL_AD">Manager or Manager, Credit Risk Management who

will escalate them further to higher authority

•  Maintain a diary system to ensure timely follow up and

ensure that corrective action is taken and the account rectified

as indicated.

•  Ensure that irregular accounts are downgraded as per

policy and facilitate hand over to R & R post 30 days in

arrears.

•  Communicate with branches to ensure regularisation of

accounts.

•  Ensure that accounts identified as problematic are placed

on the watch list.

• Monthly reporting of accounts to be placed on Watch-list to

Team Leader, Credit Risk Management.

•  Updating Covenant tracker – Monthly for all accounts.

•  Any other responsibility assigned by the Team Leader.

Key performance measures

Risk Management

•  Maintain a high quality-lending book, through the

judicious and effective management thereof.
Customer service /

performance measurement

Add value to PBB Banking by delivering a prompt, efficient and

professional risk management service.

Key performance measures

Risk Management

• Maintain a high quality-lending book, through the judicious

and effective management thereof.
Customer service /

performance measurement

Add value to PBB Banking by delivering a prompt, efficient and

professional risk management service.

Key Dimensions of the job

Daily

•  Daily capturing and monitoring of covenants

•  Ensuring proper actioning of credit reports.

•  Ensuring the proper monitoring of excesses

•  Updating the diary system to which facilitates

appropriate follow-ups.

Weekly

•  Ensuring weekly reports are actioned accordingly.

Monthly

•  Timely submission of reports/returns to
"IL_AD5" class="IL_AD">Finance and SAC

•  Timely submission of Damage control report.

•  Follow up on outstanding audit issues

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Stanbic IBTC Bank Recruiting [April 2014] -
Jobcenternigeria.com