The Unit is responsible for the management of syndicated and bilateral loans originated by Corporate and Investment Banking. The Unit is thereby responsible for ensuring the proper implementation and execution of those transactions in order to mitigate transaction risk post disbursement to reduce operational risks and losses. The Unit also provides deal structuring support to business. In addition, the Unit is also responsible for managing the operational aspects of on-lending funds (liabilities) obtained by the Bank to fund or refinance facilities in both Personal and Business Banking and Corporate and Investment Banking.
• Support Business in structuring transactions and ensuring those transactions can be executed and properly managed from disbursement to final maturity and provision of periodic reports on status of loans and advances.
• Actively monitor the progress of the fulfilment of the Conditions Precedents to a drawdown and coordinate the sign off of the drawdown instruction from Business, Credit and Legal.
• Manage loans and advances to minimise losses, ensure that obligations are met and integrity of data on such loans and liabilities.
• Ensuring that the Bank’s obligations to Development Finance Institutions (FMO, IFC, DEG, EIB, AfdB, BOI, DBN) etc are met in terms of compliance with ratios/financial covenants and payment of debt obligations.
• Ensuring proper administration of special funding schemes of the Federal Government of Nigeria such as CBN Agriculture Credit Scheme (CACS), Nigeria Incentive-based Risk Sharing System for Agriculture Lending (NIRSAL) and Bank of Industry (BOI), Micro, Small and Medium Enterprises Development Fund (MSMEDF), and Real Sector Support Facility (RSSF), MOFI Real Estate Investment Fund (MREIF), Family Homes Fund Limited (FHFL) etc.
• Timely rendition of returns/information to fund providers in line with executed agreements.
• Proper monitoring and reporting of covenant breaches to ALCO/Management by preparing and sending a monthly Financial Ratio report.
• BSc Finance, Accounting or related field.
• Relevant professional certification such as CFA / CIMA / ICAN ACA can be an added advantage.
Experience:
• 3 - 4 years post qualification experience within Financial Services/ banking, preferably with loans administration/middle office experience.
• Exposure to Credit analysis/credit risk management and good knowledge of investment banking as well as international trade and related products and services
Behavioural Competencies:
• Articulating Information
• Checking Things
• Establishing Rapport
• Examining Information
• Following Procedures
• Interacting with People
• Interpreting Data
Technical Competencies:
• Financial Accounting
• Financial Statement Analysis
• Legal Administration
• Risk Awareness
• Risk Identification