STANBIC IBTC BANK HOT NAIJA JOB, THURSDAY

STANBIC IBTC BANK HOT NAIJA JOB, THURSDAY
Written by furtune Thursday Jobs Jul 8, 2010 SENIOR BUSINESS SUPPORT & RECOVERIES MANAGER

JOB ID
5480

LOCATION
NIGERIA – LAGOS

DIVISION
CIB OPERATIONS

POSITION CATEGORY
CORPORATE BANKING

EMPLOYMENT TYPE
FULL TIME – PERMANENT

SHIFT
NO

REGULATORY APPROVAL
YES

POSITION DESCRIPTION

PURPOSE OF JOB:
To identify, manage and provide advice for Corporate and Investment Banking distressed exposures. Furthermore to identify the risk associated with these and where relevant, manage the possible increased exposure to enable project completion and or collateral realization for recovery processes.

KEY RESULT AREAS:
Along with relevant Account Manager and Credit Managers, assess clients/accounts in order to optimise the bank’s profitability and limit exposure over the short, medium and long-term.
Assess counterparties, the current security position and where appropriate take additional security.
Oversee the drafting of sound legal documentations and scrutinise agreements including but not limited to facility agreements, consortium agreements, security sharing agreements and mortgage charges, in accordance with set risk parameters.
Be involved and influence client visits and negotiations to manage credit recovery processes including restructure and or renegotiation of facilities.
Business oriented solution with acceptable risk as opposed to total risk minimisation approach.
Develop and implement solutions for credit recovery on accounts in order to secure debt, stabilise accounts or turnaround where possible.
Manage, influence and negotiate with relevant stakeholders to limit the Bank’s exposure on accounts.
Attend and influence consortium meetings from a business risk perspective.
Conduct in-depth research on relevant accounts, applying banking, legal and credit knowledge where applicable.
Provide advice to various stakeholders on credit recovery and liquidation / receivership processes.
Prepare and submit liquidation claims / appoint Receivers.
Attend and prepare for meetings with creditors.
Brief attorneys and counsel and oversee conduct of litigation on behalf of the Bank.
Report to the Watch list and NPL Committee and implement decisions there from, as well as update the relevant schedule/s on a monthly basis.
Document and communicate relevant decision to all relevant stakeholders.
Assist with relevant regulatory returns and provide advice on these where required.
Participate in industry initiatives from time to time
Attend and participate in Credit Risk Reviews.
Awareness of the Group Reference Guide (GRG); CIB Credit Policy and BS&R Mandate.