Duties and Responsibilities:
Carry out periodic reviews of the company’s risk assets and provide data, analytics and insights on macro and micro economic variables and the implications on the risk assets creation and management for the company.
Analysis and appraisal of customers’ credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines (fulfilling conditions for disbursement)
Responsible for providing support, direction, credit Information and loan policies and procedures to ensure the overall quality of the company’s lending portfolio.
Monitor the strict adherence to credit related regulations (Single obligor limits, aggregate exposures etc.)
Ensure timely review and approval/disapproval of credit requests.
Perform reviews for renewals/assessment of existing facilities performance and other credit related requests.
Assist in identifying risks that the company is exposed to and proffer mitigants to same.
Monitor the attainment of approved standards on credit portfolio management
Provision of information requested by regulatory/rating agencies.
Preparation and rendition of all credit risk reports (weekly and monthly reports, credit exposures, performing and default loans etc.) especially for CBN returns.
Ensure proper documentation of individual exposure by adhering to set documentation standards and procedures.
Effective training of subordinates to achieve business continuity.
Calculating the Allowance for Loan and Lease Loss Reserve (AILL) and making recommendations to management and the Board of Directors for monthly allocations to the Loan Loss Reserve.
Ensure adequate loan provisioning is done on the company's loan portfolio in line with prudential guidelines.
Perform direct supervisory duties of department and coordinates staff for coverage in all related areas of the unit.
Coordinate all credit committee sessions.
Review all loans prior to submission to management credit committee for approval.
Provide necessary reports to financiers and regulatory bodies as regards the credit portfolio.
Oversee all loan verification exercises.