[Job Vacancy] Credit Monitoring Officer at First Bank of Nigeria Limited

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First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: Credit Monitoring Officer

Job Identification: 544Location: LagosJob Type: Full-time

Job Description

Ensure effective performance of credit monitoring functions on Small – medium size loan portfolio with low – mid complexity
Conduct and document a quarterly performance review on accounts in assigned portfolio and to highlight management action including classification that may be required on the accounts
Review and supervise the activities of the small-medium size loan portfolio
Post disbursement review to confirm compliance with approved conditions subsequent to drawdown on facilities and follow up on exceptions on an on-going basis
Escalation of observed exceptions on post disbursement review to Business Unit.
Execute credit monitoring functions and reporting on the following portfolio categories and make recommendations to Team Lead to correct exceptions

Expired & expiring facilities;
Accounts in excess of approved limits;
Accounts with unauthorized balances and
Finnone accounts with overdue loan repayment and interest charges
Non-performing Overdrafts
Watchlist facilities
Impaired Facilities

Identify other exceptions and ensure that RMs/GHs regularize these exceptions identified within stipulated timelines.
Generate data and present accounts for classification/declassification to Team Lead for further review and analysis.
Support in first level remedial activity on Small to Medium accounts designated by management and not yet transferred to RBU
Review reports for Criticized Assets Committee meetings for the following category to address portfolio exceptions, follow up on CAC resolutions and make appropriate recommendations for management’s informed decisions.

Group Head Level Criticized Assets Committee Meeting
Line Executive Criticized Assets Committee Meeting
CRO/MD Level Criticized Assets Committee Meeting

Work with Information Technology on continuous process improvement.
Liaise with relevant stakeholders and other departments (BPM, Legal Services, Internal
Audit/Operations/Control etc.) for effective credit monitoring as required by job function
Assist to provide update on request from regulators and examiners during periodic review and ongoing basis.
Resolution of issues on black book managed by Credit Risk Management
Preparation of Credit Print out (LADRAM) in format required by CBN/NDIC Auditors incorporating IFRS 9 requirements in terms DPD, LGD, etc.
Work at resolving exceptions on account management issues emanating from audit and examinations with relevant stakeholders
Implement the Bank’s Account Management Responsibility Policy.
Monthly review and follow up on Bonds & Guarantee issued on behalf of customers and Inward BG securing the banks facilities.
Review of Warehousing Stock report vis a vis customers exposure to the bank.

Job RequirementsMinimum Education:   

Very good First Degree in any discipline and any additional qualification.

Experience:

Minimum experience: 2 years of relevant banking experience with at least 2years in Risk Management, Credit Analysis or Relationship Management function.

Key Competency Requirement:Knowledge:

Knowledge of banking practices and policies, products and processes Statistics
Banking structure and procedures.
An in-depth knowledge of Credit Management processes
Familiarity with Microsoft Office, especially Excel.
Core Banking Processes and applications such as Finacle
Industry knowledge

Skill/Competencies:

Interpersonal skills
IT and Computer appreciation
Communications skills (written and oral)
Reporting skills
Must be solution driven, proactive and have acceptable knowledge of the business environment
Performance Measurement & Assessment skills
Supervisory skills.
 Attention to details
Analytical and conceptual skills
Integrity
Ability to communicate technical information to a non-technical audience

How to ApplyInterested and qualified candidates should:Click here to apply

Application Deadline  6th February, 2023.