Credit Risk Administration Officer at Optimus Bank

JOB TITLE: Credit Risk Administration Officer

JOB LOCATION: Lagos

JOB DETAILS:

• Ensure compliance with the credit risk policy guide of the Bank for all credit facilities.
• Ensure the Minutes of Management Credit Committee (MCC) meetings are properly documented and must capture the conditions of all approved credit facilities (on & off-balance sheets). 
• Ensure regular credit review, documentation of security and non-security documents.
• Ensure the generation of CBN CRMS prior to disbursement of all credit facilities (Automate the process for all Straight Through Process loans).
• Disbursement and management of non-straight through process approved credit facilities while ensuring compliance to the approval terms.
• Ensure the successful management of regulators and external auditors.
• Daily review of all newly disbursed facilities to ensure compliance with terms of approval (security & non-security documentation).
• Ensure all fees are automated and taken as at when due.
• Oversee and monitor all credit facilities bank-wide, with the aim to identify all non-performing facilities for recovery.
• Determine causes of delinquency in non-performing facilities.
• Identify contraventions of the Bank’s credit processes and escalate where necessary for immediate correction.
• Engaging customers with delinquent accounts to arrive at workout plans for the loans.
• Recovery of non-performing loans with the use of law enforcement agencies.
• Liaising with solicitors and property development consultants to bring about the sale of properties securing non-performing loans.
• Assessing and appointing qualified agents to carry out recovery and property realization in collaboration with stakeholders.
• Review risk assets (Direct & Indirect Exposures) covering documentation, security/collateral, performance, fees, and exposure.

Requirements
Education Qualification:

• A Bachelor of either Finance, Business Administration, Economics, or any related field.

Experience:

• A minimum of 4 years of experience in Credit Risk Administration.

General Knowledge and Skills:

• Knowledge and understanding of security documentation.
• Good understanding and knowledge of prudential guidelines and other banking regulations.
• Good knowledge of MS Office and Finacle Banking Software.
• Ability to motivate colleagues to meet set targets and goals.

HOW TO APPLY
To apply for the ongoing Optimus Bank job opening, visit the job APPLICATION PORTAL to submit your application!