Collateral Preparation Officer at Stanbic IBTC
Stanbic IBTC Holdings PLC is a full service financial services group with a clear focus on three main business pillars - Corporate and Investment Banking, Personal and Business Banking and Wealth Management.
Stanbic IBTC Bank legally became part of Standard Bank Group 24th August 2007. The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. Stanbic IBTC Bank is a major financial service provider engaged in personal banking, business banking, credit cards, corporate banking, non-interest banking and wealth and investment banking in Nigeria.
We are recruiting to fill the position of:
Job Title: Collateral Preparation Officer
Location: Nigeria
Position Description
Job Purpose
• Attending to all aspects relating to collateral documentation and routine related aspects for the Branches.
• Assist in ensuring compliance of security documents are in line with the provisions of the respective facility letter.
Key Responsibilities
Preparation
• Checks security documents in terms of the facility letter.
• Preparation of Form 23184 accurately within turnaround times, in terms of the facility letter and other legal requirements, whilst maintaining excellent service to internal customers.
• Validation of Supporting Documents
• Any other duty that may be assigned from time to time.
Performance Measure
• Validation of security documents are to be 100% accurate
Daily
• Check and verifies details on collateral preparation form and checks sanction/corresponding authority from Credit
• Prepare credit forms accurately within turnaround times.
• Follow up on queries pending with respect to issues raised on facility letter and supporting security documents within an acceptable timeframe.
• Fill out drawdown tracker
• Enter security documents provided in the vault in register for vaulting in
Weekly
• Provides report on facility letters and security documents that have been pending and unsettled.
Required Skills and Qualifications
Problem solving
• Evaluate current processes and controls in order to address any shortcomings in the credit monitoring, management and mitigation processes.
• Effectively manages the priorities and activities of the Credit Collateral team by identifying key value leverage points and eliminating low value work.
• Legal consultation access to participants within the credit risk value chain providing expert legal and technical support in the credit risk evaluation process in order to facilitate the development of acceptable risk parameters
Planning
• Planning is typically short-term, with flexibility being a strong requirement as planning may need to be adjusted often to meet changing business needs
• Legal documentation: collateral documentation in legal order, with the bank’s rights thereto being unassailable, and housed as directed.
• Returns/reports: Preparation and submission of all relevant returns/reports.
Decision Making
• Suitability of staff, collateral documentation, legal action, systems and controls, processes, procedure and external attorneys/council/liquidators/administrators.
Required Competencies
Knowledge
• Tertiary related qualification
• Understanding of the bank’s products and facilities. Understands the terms of the facilities, and the conditions that will need to be compiled with over the duration of the facility’s life to ensure that legal risk is effectively restricted.
• Knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, and the variety of lending mechanisms and types of collateral that may be used.
• Understanding of relevant registration processes.
• Understanding of the bank’s internal controls and processes, specifically relating to the drafting, execution, management and custody of all facility letters / loan agreements / collateral documentation.
• Computer literacy, legal drafting skills, risk management ability and problem solving
Experience
• Preferable to have banking experience, particularly pertaining to banking processes with regard to collateral documentation and the operation thereof.
Competencies
• Articulate and perceptive. Listens to other people, and clarifies their understanding of the issues. Defines requirements concisely and unambiguously, while pitching the conversation at the right level for the hearer.
• Works well with other contributors to the business process by sharing information and involving their input.
• Handles potential conflict situations tactfully, with respect for other parties involved, and fosters a climate of co-operation and trust.
• Work Pressure/Stress
Remains organised and apply sound judgement, and keeps developing relationships whilst under pressure.
• Attention to Detail
Maintains attention to detail across the whole scope of work, and selectively focuses energy on most relevant and impactful issues. Strives for high degree of accuracy.
• Problem Solving
Analysis and identification of technical and legal issues, and identification of most appropriate solutions. Organises and controls work efficiently.
• Follow Through
Ensures that appropriate quality is delivered on time, and later evaluates the effectiveness of the initiative.
• Technical Competence
Demonstrates the willingness and capacity to acquire the necessary level of technical competence/knowledge for the job.
• Customer Orientation
Identifies and responds to customer needs, (e.g. Wholesale Banking, Credit Evaluation, etc) delivering high service relevant to the business’ strategy and operating conditions.
• Positiveness and Energy
Achieves results through enthusiasm, energy and personal commitment. Always matches self against required standards of performance. Maintains effectiveness over extended periods of time.
• Future Orientation
Forward thinking and constantly strives to find better ways of doing things
Application deadline
May 30, 2015
How to apply
Interested and qualified candidates should
Click here to apply
Stanbic IBTC Bank legally became part of Standard Bank Group 24th August 2007. The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. Stanbic IBTC Bank is a major financial service provider engaged in personal banking, business banking, credit cards, corporate banking, non-interest banking and wealth and investment banking in Nigeria.
We are recruiting to fill the position of:
Job Title: Collateral Preparation Officer
Location: Nigeria
Position Description
Job Purpose
• Attending to all aspects relating to collateral documentation and routine related aspects for the Branches.
• Assist in ensuring compliance of security documents are in line with the provisions of the respective facility letter.
Key Responsibilities
Preparation
• Checks security documents in terms of the facility letter.
• Preparation of Form 23184 accurately within turnaround times, in terms of the facility letter and other legal requirements, whilst maintaining excellent service to internal customers.
• Validation of Supporting Documents
• Any other duty that may be assigned from time to time.
Performance Measure
• Validation of security documents are to be 100% accurate
Daily
• Check and verifies details on collateral preparation form and checks sanction/corresponding authority from Credit
• Prepare credit forms accurately within turnaround times.
• Follow up on queries pending with respect to issues raised on facility letter and supporting security documents within an acceptable timeframe.
• Fill out drawdown tracker
• Enter security documents provided in the vault in register for vaulting in
Weekly
• Provides report on facility letters and security documents that have been pending and unsettled.
Required Skills and Qualifications
Problem solving
• Evaluate current processes and controls in order to address any shortcomings in the credit monitoring, management and mitigation processes.
• Effectively manages the priorities and activities of the Credit Collateral team by identifying key value leverage points and eliminating low value work.
• Legal consultation access to participants within the credit risk value chain providing expert legal and technical support in the credit risk evaluation process in order to facilitate the development of acceptable risk parameters
Planning
• Planning is typically short-term, with flexibility being a strong requirement as planning may need to be adjusted often to meet changing business needs
• Legal documentation: collateral documentation in legal order, with the bank’s rights thereto being unassailable, and housed as directed.
• Returns/reports: Preparation and submission of all relevant returns/reports.
Decision Making
• Suitability of staff, collateral documentation, legal action, systems and controls, processes, procedure and external attorneys/council/liquidators/administrators.
Required Competencies
Knowledge
• Tertiary related qualification
• Understanding of the bank’s products and facilities. Understands the terms of the facilities, and the conditions that will need to be compiled with over the duration of the facility’s life to ensure that legal risk is effectively restricted.
• Knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, and the variety of lending mechanisms and types of collateral that may be used.
• Understanding of relevant registration processes.
• Understanding of the bank’s internal controls and processes, specifically relating to the drafting, execution, management and custody of all facility letters / loan agreements / collateral documentation.
• Computer literacy, legal drafting skills, risk management ability and problem solving
Experience
• Preferable to have banking experience, particularly pertaining to banking processes with regard to collateral documentation and the operation thereof.
Competencies
• Articulate and perceptive. Listens to other people, and clarifies their understanding of the issues. Defines requirements concisely and unambiguously, while pitching the conversation at the right level for the hearer.
• Works well with other contributors to the business process by sharing information and involving their input.
• Handles potential conflict situations tactfully, with respect for other parties involved, and fosters a climate of co-operation and trust.
• Work Pressure/Stress
Remains organised and apply sound judgement, and keeps developing relationships whilst under pressure.
• Attention to Detail
Maintains attention to detail across the whole scope of work, and selectively focuses energy on most relevant and impactful issues. Strives for high degree of accuracy.
• Problem Solving
Analysis and identification of technical and legal issues, and identification of most appropriate solutions. Organises and controls work efficiently.
• Follow Through
Ensures that appropriate quality is delivered on time, and later evaluates the effectiveness of the initiative.
• Technical Competence
Demonstrates the willingness and capacity to acquire the necessary level of technical competence/knowledge for the job.
• Customer Orientation
Identifies and responds to customer needs, (e.g. Wholesale Banking, Credit Evaluation, etc) delivering high service relevant to the business’ strategy and operating conditions.
• Positiveness and Energy
Achieves results through enthusiasm, energy and personal commitment. Always matches self against required standards of performance. Maintains effectiveness over extended periods of time.
• Future Orientation
Forward thinking and constantly strives to find better ways of doing things
Application deadline
May 30, 2015
How to apply
Interested and qualified candidates should
Click here to apply
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