Manager, CIB Credit @ Stanbic IBTC Bank
Job Description
Jobs in Lagos, Nigeria.
Job Summary
The role involves supporting the sales team in the preparation of credit proposals, ensuring they are completed within acceptable turnaround times. The main goal is to help expand the bank’s lending portfolio while maintaining high-quality lending assets through the timely creation of strong credit applications (Application for Facilities – AFFs).
Key Responsibilities
- Actively participate in New Business Application Committee (NBAC) and Distribution Committee meetings.
- Collaborate with the business team to discuss key covenants, cover ratios, conditions precedent (CPs), and undertakings to be included in the term sheet.
- Assess the bank’s credit appetite by evaluating the proposed loan structure, considering factors such as loan term, commodity price volatility, concentration risk, and single obligor exposure.
- Identify and assess all relevant risks and propose mitigation strategies.
- Prepare formal credit applications, documenting all risk areas and their mitigation where possible.
- Ensure fast turnaround times while managing the pipeline effectively, allowing sufficient time to assess the risks thoroughly.
- Provide a comprehensive evaluation of the client’s past and projected performance.
- Conduct appropriate stress tests to evaluate key issues and risks.
Deal Implementation
- Ensure accurate reconciliation between the Credit Paper and any subsequent legal document changes.
- Obtain all necessary approvals for modifications, waivers, or changes to the terms, conditions, or covenants outlined in the credit paper.
Qualifications
- A degree in Finance or a related field is required.
- A Master’s in Business or a related discipline is advantageous.
- Professional qualifications in Credit/Risk such as CA, CPA, ACCA, CIMA, ACA are preferred.
Experience
- Minimum of 5 years’ experience in risk management, with a focus on handling and organizing large credit portfolios.
Behavioral Competencies
- Idea generation
- Clear communication
- Insightful thinking
- Practical problem-solving
- Expertise development
- Task completion
- Collaborative teamwork
- Proactive action
Technical Competencies
- Credit granting
- Leadership courage
- Knowledge of products and services
Source: From Company Career Portal/Other Job Boards.
