Posted on :
26 Feb, 2010
26 Feb, 2010
Stanbic IBTC Bank PLC continues to play a significant role in some of the largest capital markets deals not only in Nigeria but in the continent as well. Stanbic IBTC Bank PLC was involved with Standard Bank London and Afrinvest as lead arrangers of the historic $350 million Eurobond issue for GT Bank. Stanbic IBTC recruits a Business Support and Recovery Manager
Job Position Description
MAIN PURPOSE OF THE JOB:
To assume full responsibility and accountability of the total portfolio of potential and existing non-performing loans under the control of CIB Credit of Stanbic IBTC Bank Plc to ensure deployment of effective recovery strategies through the introduction of best practice and maintaining appropriate and uniform recovery policies and practices across all portfolios. To work with the appropriate Business Units and Credit team to establish and implement strategies to minimize NPLs. This is achieved through the establishment of the Country Watchlist Committee and thereafter through the Watchlist Process where BS&R actively assists and oversee the Watchlist strategy with the Business Unit.
Compliance with statutory, regulatory and supervisory requirements, to protect the reputation of the Group and to avoid legal action/sanction in respect of regulatory compliance matters.
Utilising effective recovery strategies to recover money on all written off accounts either in-house or by out-sourcing.
Control and maintain credit policies and procedures.
Report to Head of CIB Credit on changes and results on NPL accounts.
Liaise with business partners on monitoring of accounts in early stages of delinquencies.
Increasing awareness amongst staff of legislation and developments applicable to the business.
To monitor, manage and control within budget or alternatively within agreed guidelines: provision adequacies, recoveries on bad debt, out-sourcing and operational expenditures.
Keep records of agreed terms with external recovery agents.
Rendition of periodic reports on NPLs.
To liaise with relevant units in ensuring adequacy of loan loss provisions in line with CBN regulations and Group standard.