Job Summary

To manage and provide regular updates on the details of collaterals securing the risk assets of the bank as well as ensuring that the pledged assets are protected from any form of loss while it is still securing the assets of the bank.

  • Minimum Qualification: Degree
  • Experience Level: Senior level
  • Experience Length: 5 years

Job Description/Requirements

Duties & Responsibilities:

  • Supervise and oversee valuation/revaluation of assets pledged to the bank as security for loans granted. It involves identifying stale valuation, assignment to the valuer, review of the report submitted and payment of valuer. To be revalued at a frequency of 3 years.
  • Supervise and oversee emplacement/Renewal of Insurance Policy on assets pledged or financed by the bank. It involves identifying imminent expiration and notification of the RM.
  • LTV (Loan To Value) Monitoring, to ensure loan values are within approved coverage ratio and escalate any breach for regularization.
  • Monitoring of stock financed by the Bank.
  • Release of stock to the customer on receipt of funds covering the amount to be released.
  • Oversee collateral Upload on FCUBS.
  • Release of collateral pledged to the customer through documentation registry unit and lien instruction to CSCS.

Job Requirements:

  • Good first degree in any discipline.
  • Master’s the degree / Professional certification will be an added advantage.
  • 5 – 6 years working experience in Credit Risk Management.

Key Competency Requirements:

Job Knowledge:

  • Good knowledge of Credit documentation and procedure.
  • Data Management & Computer appreciation.
  • Ability to manage people.
  • Good knowledge of collateral operation & management processes.
  • Mandatory Knowledge of CBN guidelines and Credit Policy of the Bank.

Skills & Competencies:

  • Good communication skills.
  • Interpersonal skill.
  • Leadership skill/emotional intelligence.
  • Analytical skills.
  • Business Skills.

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