Team Lead, Collateral Management

Responsibilities:

• Establish collateral management and review the plan and generate a periodic report on the variation/movement of collateral value in respect of outstanding credit exposure.
• Coordinate update of collateral register with details of pledged collaterals for monitoring purposes
• Coordinate update of tracker for Insurance policies on Pledged Assets 
• Appointment of warehousing Agents/Collateral Managers to manage the stock securing the facilities granted under warehousing arrangement.
• Review weekly report on stock managed under warehousing arrangement to ensure compliance with the dynamics and escalate where there are deviations from the approved conditions/dynamics or diminution coverage or the LTV ratio
• Approve the release of warehoused stock based on the lodgement made into the account in line with the transaction dynamics
• Co-ordinating reporting on collateral value coverage and the loan-to-value ratio 
• Reporting and ensuring compliance with the valuation frequencies on pledged assets
• Coordinate and ensure renewal of expired insurance policies on pledged assets through the company's Insurance Brokers on expiration
• Appointment of valuers to carry out valuation/revaluation of assets securing the facilities granted to bank customers.

Requirements:

• Good first degree in any discipline
• A Master’s degree / Professional certification will be an added advantage.
• 5 years of working experience in Banking and 5 years in Credit Risk Management
  
• Mandatory knowledge of Basic CBN policies and prudential guidelines
• Operational Framework for Enterprise Risk Management (ERM)
• Good Knowledge of the Bank’s Credit policies and procedures
• Collateral Operations and Management skill
• Good knowledge of documentation procedure and Credit Administration Business Environment / Industry 
• Credit Risk skills
• Computer appreciation/data entry (word processing/spreadsheet/presentation
• Analytical skills
• A personable and adaptable individual with excellent communication, interpersonal, and organizational skills
• An analytical thinker, with the capacity to interpret and assimilate large volumes of complex information 
• Can work well under extreme pressure and remain calm with the ability to prioritize.
• An efficient and reliable person can work alone or as part of a team. 
• Customer service / Relationship management
• Business Environment / Industry Analysis
• Customer service / Relationship management
• Emotional/Business Intelligence