Recoveries Officer at Stanbic IBTC Holdings PLC
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.
Job Title: Recoveries Officer
Job ID: 12854
Division: Group Risk Management
Position Category: Credit
Division Proposition
Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
Position Description
Main purpose of the job
Control and manage the administration of all recoveries (in-house and outsourced matters)
Key responsibilities
• Effective management of recoveries on 180dpd & written off accounts in line with specialised recoveries strategies and after write-off strategies.
• Manage external agencies in line with approved SLAs.
• Action incoming correspondence within agreed timelines.
• Issue repossession orders as advised by relevant stakeholders.
• Maintain an accurate register of all repossessed items.
• Keep accurate records and control movement of files between the Bank and external agencies.
• Ensure written off accounts are blacklisted on all credit bureaux.
• Coordinate the asset disposal process end to end.
• Ensure file closure of irrecoverable accounts in line with approved processes.
• Ensure compliance with statutory, regulatory and SBG requirements, to protect the reputation of the Group and to avoid legal action/sanction in respect of regulatory compliance matters.
Key performance measures
• Recoveries metrics as agreed in KRAs.
• Collections rate on NPL book as agreed in KRAs.
• NPL not to exceed 10% of total book.
• Accurate capture and follow up of payment plans.
• Monthly stock checks.
• Monthly reporting on all recovery activities (in-house & outsourced).
• Incoming correspondence actioned within 48 hours.
• Annual review of closed files.
Important relationships
Internal:
Develop and maintain working relationships with all internal stakeholders.
External:
• Excellent customer service.
• Manage and maintain relationships with external agencies to achieve desired results.
Job Requirements
Required Skills and Qualifications
Knowledge, experience and personal competencies
Knowledge
• Sound knowledge of relevant statutory legislation and all legal procedures
• Sound knowledge of Bank’s products.
• Branch network knowledge.
• Minimum of a first degree in social sciences.
Required Competencies
Experience
• 6 years experience in debt collections.
Personal competencies
• Communications skills
• Conflict management skills
• Negotiation skills
• Team work and cooperation
• Good reporting skills
• Sound judgement abilities
Application deadline
5th June 2015
How to Apply
Interested and qualified candidates should:
Click here to apply
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.
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.
Job Title: Recoveries Officer
Job ID: 12854
Division: Group Risk Management
Position Category: Credit
Division Proposition
Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
Position Description
Main purpose of the job
Control and manage the administration of all recoveries (in-house and outsourced matters)
Key responsibilities
• Effective management of recoveries on 180dpd & written off accounts in line with specialised recoveries strategies and after write-off strategies.
• Manage external agencies in line with approved SLAs.
• Action incoming correspondence within agreed timelines.
• Issue repossession orders as advised by relevant stakeholders.
• Maintain an accurate register of all repossessed items.
• Keep accurate records and control movement of files between the Bank and external agencies.
• Ensure written off accounts are blacklisted on all credit bureaux.
• Coordinate the asset disposal process end to end.
• Ensure file closure of irrecoverable accounts in line with approved processes.
• Ensure compliance with statutory, regulatory and SBG requirements, to protect the reputation of the Group and to avoid legal action/sanction in respect of regulatory compliance matters.
Key performance measures
• Recoveries metrics as agreed in KRAs.
• Collections rate on NPL book as agreed in KRAs.
• NPL not to exceed 10% of total book.
• Accurate capture and follow up of payment plans.
• Monthly stock checks.
• Monthly reporting on all recovery activities (in-house & outsourced).
• Incoming correspondence actioned within 48 hours.
• Annual review of closed files.
Important relationships
Internal:
Develop and maintain working relationships with all internal stakeholders.
External:
• Excellent customer service.
• Manage and maintain relationships with external agencies to achieve desired results.
Job Requirements
Required Skills and Qualifications
Knowledge, experience and personal competencies
Knowledge
• Sound knowledge of relevant statutory legislation and all legal procedures
• Sound knowledge of Bank’s products.
• Branch network knowledge.
• Minimum of a first degree in social sciences.
Required Competencies
Experience
• 6 years experience in debt collections.
Personal competencies
• Communications skills
• Conflict management skills
• Negotiation skills
• Team work and cooperation
• Good reporting skills
• Sound judgement abilities
Application deadline
5th June 2015
How to Apply
Interested and qualified candidates should:
Click here to apply
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.
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