Credit Monitoring Officer

DUTIES & RESPONSIBILITIES

• 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

  i. Expired & expiring facilities;   

  ii. Accounts in excess of approved limits;   

  iii. Accounts with unauthorized balances and 

  iv. Finnone accounts with overdue loan repayment and interest charges 

  v. Non-performing Overdrafts 

  vi. Watchlist facilities

  vii. 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;

  i. Group Head Level Criticized Assets Committee Meeting

  ii. Line Executive Criticized Assets Committee Meeting

  iii. 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.
• 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.
• 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
• Comply with the principles and policies in the Information Security Handbook
• Any other assigned duties

JOB REQUIREMENTS

Education

Minimum 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 REQUIREMENTS

Knowledge 

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

Skill/Competencies

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