Employment Nigeria 01-Jan-1970 NIGERIA , NIGERIA ,
Standard Chartered Bank Nigeria Job Vacancy for Credit Analyst 4 April 2011
Job Title: Credit Analyst
Job ID: 276939
Job Function: Wholesale Banking
Location: Nigeria – SCB
Full/Part Time: Full-Time
Regular/Temporary: Permanent
Job Description
To support the establishment, development, and maintenance of the team ’ s portfolio of corporate clients who require routine, as well as complex finance and other Corporate Banking services. To generate revenue for the Bank through professional management of corporate relationships under the broad direction of SCB policies, but with the prescribed credit responsibility and accountability.
Two broad purposes:
- Risk Management: preparation of Business Credit Applications (BCAs) and Credit Monitoring and Housekeeping.
-RM / SRM Support: maintain and exercise control over respective RM / SRM’s portfolios Key Roles & Responsibilities
-Prepare Business Credit Applications, which includes the Part I & II, financial analysis, risk analysis, industry analysis, odyssey & RoRWA assessments, financial spreads (MFA), projections and credit risk grade assessments (ESC). BCAs to be prepared for the renewal of facilities extended to current relationships (& interim reviews where mandated), and to initiate new relationships with prospective clients.
-Monitor and manage risk on an ongoing and proactive basis. This is through the monitoring of risk triggers, covenants / approvals conditions and report any breaches. In certain cases business adopts quarterly performance reviews (QPR ’ s) to monitor these aspects.
-To assist in preparing management reports relating to credit approvals, excesses (including monitoring and regularizing daily excess reports), extensions, earmarking, early alert reports, risk trigger monitoring, covenant breach monitoring, approval conditions, etc. to ensure all controls are complied with at all times.
-Identify, report and act upon materiel risks proactively and raise Early Alert Reports (EAR) in time to take corrective actions.
-Maintain and exercise control over allotted portfolio to ensure that services to our customers are of highest standard, while constantly monitoring customer quality in order to minimise the risk of loss to the bank.
-Also follow up with client for submission of audited financial statements, management accounts, ageing debtors and all other information/documents required or approved as a condition.
-Ensure that all administration associated with the team portfolio is done accurately in accordance with laid down procedures and on a timely basis in addition to undertaking regular inspection of assets and documents which represent security for the Bank.
-Ensure that portfolio review/audit results in good ratings and nothing negative is highlighted in the accounts allocated
-To assist in preparing annual industry studies, if required, in order to improve knowledge within OCC of specific markets and industries and to ensure we bank the top 50% in the industry.
-Complete awareness of Group Operational / Credit Risk policies, as well as local regulatory requirements.
Qualifications & Skills
-Business or accounting related degree.
-Minimum 3 years experience in a corporate banking environment.
-Sound understanding of commercial banking, trade finance and financial markets products. Added knowledge of consumer banking products and wealth management products would advantageous.
-Strong credit appraisal, analytical and marketing skills, with the ability to interpret complex financial information.
-A good understanding of the general, economic, political and business environment of the region.
-Excellent communication (written and verbal) and negotiation skills.
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