Effective risk management is fundamental to the business activities of the Standard Bank Group (group) which Stanbic IBTC Bank Nigeria is a member of. 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 Preparations
Job Title: Team Lead, Collateral Preparations
- Job ID: 9029
- : Nigeria
- : Group Risk Management
- : Credit
- : Full Time - Permanent
| • Attending to all aspects relating to collateral documentation and routine related aspects for the Branches. Keep diary system to follow up on conditions of sanction and outstanding collateral items. • Assist in preparing Collateral documents against the supporting documents and articles held. Key Responsibilities: Preparation • Checks sanction/corresponding authority from Credit • Validation of Preparation of collateral documents within turnaround times, in terms of the Bank’s and other legal requirements, whilst maintaining excellent service to internal customers. These documents include: • Collateral documents • Facility Letters • Loan Agreements • Supporting Documents • Checks Collateral system for Supporting Collateral • Follow up on all outstanding collateral, facility letters, loan agreements. • Follow up on queries pending. • Attend to all telephone/e-mail/fax queries relating to collateral. • Any other duty that may be assigned from time to time Guarantees • Verify information from faxes/email • Check for corresponding authority from Credit • Record all guarantee documents in guarantee by bank register • Diarise to follow up the outstanding guarantees by bank • File all guarantees by bank Key Performance Meassures • Validation of prepared documents are to be 100% accurate. Dimension to the Job Daily • Check and verifies details on collateral and checks sanction/corresponding authority from Credit • Validate documents accurately within turnaround times. • Follow up on queries pending and Facility letters/loan agreements that have been issued and not returned with acceptance timeframe. • Submit key measures to Johannesburg on a daily basis Weekly • Provides report on facility letters/loan agreements issued and returned Monthly • Collates the report and submits it to the supervisor. |
Problem solving• Evaluate current processes and controls in order to address any shortcomings in the credit monitoring, management and mitigation processes. • Evaluate documentation in support of facilities for potential legal risks due to flaws, loopholes, omissions or ambiguities in document clauses. Draw on understanding of how the deals function, as well as on a deep knowledge of company law and financial practices, to articulate and construct detailed and where required, complex legal contracts to be used in credit deals. • Effectively manages the priorities and activities of the Credit Collateral team by identifying key value leverage points and eliminating low value work. • Legal consultation access to participants within the credit risk value chain providing expert legal and technical support in the credit risk evaluation process in order to facilitate the development of acceptable risk parameters Planning • Planning is typically short-term, with flexibility being a strong requirement as planning may need to be adjusted often to meet changing business needs • Legal documentation: collateral documentation in legal order, with the bank’s rights thereto being unassailable, and housed as directed. • Returns/reports: Preparation and submission of all relevant returns/reports. • Training and development of all Collateral staff. • Staffs leave programmes. Decision Making • Suitability of staff, collateral documentation, legal action, systems and controls, processes, procedure and external attorneys/council/liquidators/administrators. Knowledge • Tertiary related qualification • Understanding of the bank’s products and facilities. Understands the terms of the facilities, and the conditions that will need to be compiled with over the duration of the facility’s life to ensure that legal risk is effectively restricted. • Knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, and the variety of lending mechanisms and types of collateral that may be used. • Understanding of relevant registration processes. • Understanding of the bank’s internal controls and processes, specifically relating to the drafting, execution, management and custody of all facility letters / loan agreements / collateral documentation. • Computer literacy, legal drafting skills, risk management ability and problem solving Experience • Preferable to have banking experience, particularly pertaining to banking processes with regard to collateral documentation and the operation thereof. |
Competencies• Leadership abilities, providing encouragement and direction to the Credit Collateral team, and leading by example. • Articulate and perceptive. Listens to other people, and clarifies their understanding of the issues. Defines requirements concisely and unambiguously, while pitching the conversation at the right level for the hearer. • Works well with other contributors to the business process by sharing information and involving their input. • Handles potential conflict situations tactfully, with respect for other parties involved, and fosters a climate of co-operation and trust. • Work Pressure/Stress Remains organised and apply sound judgement, and keeps developing relationships whilst under pressure. • Attention to Detail Maintains attention to detail across the whole scope of work, and selectively focuses energy on most relevant and impactful issues. Strives for high degree of accuracy. • Problem Solving Analysis and identification of technical and legal issues, and identification of most appropriate solutions. Organises and controls work efficiently. • Follow Through Ensures that appropriate quality is delivered on time, and later evaluates the effectiveness of the initiative. • Technical Competence Demonstrates the willingness and capacity to acquire the necessary level of technical competence/knowledge for the job. • Customer Orientation Identifies and responds to customer needs, (e.g. Wholesale Banking, Credit Evaluation, etc) delivering high service relevant to the business’ strategy and operating conditions. • Positiveness and Energy Achieves results through enthusiasm, energy and personal commitment. Always matches self against required standards of performance. Maintains effectiveness over extended periods of time. • Future Orientation Forward thinking and constantly strives to find better ways of doing things. |
Interested and qualified applicants should Click Here To Apply
Application Closing Date:
Jun 14, 2012.
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