Job Vacancies at Stanbic IBTC Bank - 4 Positions (Nigeria)

Lagos, Nigeria Posted 3 years ago Posted on Accounting / Audit / Finance, Banking / Finance / Insurance, Legal / Law

Stanbic IBTC Bank is recruiting to fill the following positions:

1.) Financial Reporting Officer
2.) Credit Evaluation Manager
3.) Legal Advisor, Business and Commercial Clients (BCC)
4.) Officer, Nostro & CBN Reconciliation

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

See job details and how to apply below.

1.) Financial Reporting Officer

ob ID: 61794
Location: Lagos Island, Lagos
Work Arrangement: Fully Office Based
Job Sector: Banking

Job Purpose

To ensure the overall integrity and accuracy of General Ledger as a basis for the preparation of financial and management reports.
Custodian of General Ledger and Chart of Accounts.
Recording entries in the general ledger
Preparation of financial reports
Provide management and other stakeholders with timely and accurate financial

Key Responsibilities
Being the custodian of General Ledger, Chart of Accounts, and the repository for all Financial and Management information for the Bank.:

Effective ownership and management of balance sheet substantiation across the Group
Implement processes and procedures to safeguard the bank’s resources and financial integrity.
Maintain an overview of subsidiary entities
Monitoring all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions are taken timeously
Reviewing of monthly general ledger reconciliations to ensure that outstanding items are timeously cleared, resultant entries processed and the amounts reflected in the general ledger appropriately supported

BSS substantiation/AssureNet (BDC & SINL), Preparation of group daily dashboard (income statement and balance sheet), Proactive in resolving issues identified on review of account proofs:

Group daily dashboard to be ready by 10 am daily.
Monthly proof of GLs must be ready BD 10
No aging items in intercompany GLs-(reimbursable items)

Preparation of financial reports, coordination of external and regulatory audits:

Preparation of requisite schedules for the annual audit
Coordination of financial statements audits – IFC audits, regulatory, and statutory audits.
Perform detailed review and analysis of the country numbers to confirm the integrity and resilience of reported results.
Ensuring that all internal and external reporting requirements are timeously met, including preparation of monthly and quarterly accounts, Group Accounts, result publication and Statutory Annual Financial Statements.

Provide technical accounting support to businesses:

Provision of Technical Advice and Accounting support to other Functional Units
Ensure maintenance of and adherence to Group accounting policies and procedures.

Qualifications and Experience

First Degree in Finance, Accounting or Mathematical Science
ACCA, ACA, CIMA, or relevant accounting/ finance qualification
Minimum of three years experience in finance (financial/statutory accounting)
In-depth understanding of International Financial Reporting.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

2.) Credit Evaluation Manager

Job ID: 61795
Location: Lagos Island, Lagos
Work Arrangement: Fully Office Based
Job Sector: Banking

Job Purpose

To provide effective value-adding risk management to assist Business Banking Teams in the Business Banking space in achieving their asset growth targets, whilst maintaining a quality-lending book, through effective underwriting, evaluation and approval of credit applications.
The delivery of a professional service to all business units, by assessing and evaluating credit facilities (new and/or existing) based on sound credit & financial principles, whilst adhering to the Bank’s group credit risk standards, maintaining credit independence and managing risk-reward balance.

Key Responsibilities / Accountabilities
Evaluation and approval of applications:

Evaluate accurately credit proposals to ensure they meet sound business criteria and credit risk fall within acceptable parameters within approved turnaround times.
Identify, quantify and evaluate credit risks in relation to the profitability of business proposals and financial viability of Business banking credits.
Process credit applications and ensure timely and quality credit assessments and decisions are made.
Build relationships with Relationship Managers/Business Bankers and collaborate to improve the quality of business proposals and turnaround time on credit evaluations.
Active participation at the Business Assessment Committee meetings

Risk Management:

Monitor the risk grading of all Business Banking customers using BBRS
Ensures that the Bank’s need to provide adequate controls over the risks encountered in the post-credit granting stage of the credit process is satisfied by ensuring the appropriateness, consistency, validity and enforceability of all collateral confirming that all collateral and legal documentation in respect of banking facilities and advances granted have been obtained’ are in legal order and properly housed.
Ensures all identified credit control events and payment defaults are managed, in order to reduce the roll rate of non-performing loans into the lock-up portfolio by providing a prompt and orderly turnaround environment in which controls can be exercised to ensure that the Bank is not faced with avoidable losses.
Ensures that timely and quality credit delivery and decisions are made within agreed Service Level Agreements (SLAs) within the in the Business Banking space.
Review of relevant internal & external communications, such as circulars, economic reviews on industries, & financial or industry publications to ensure that any development, new requirements or external risks are properly taken cognizance of in lending decisions or conditions of lending.

Governance, Risk and Compliance:

Ensures compliance with country adopted standards, policies, mandates and procedures governing activities within the credit space
Actively participates in Credit Risk Management Committee meetings and watch list committee meetings and provides meaningful input into risk appetite discussions, portfolio management and collections strategies as well as detecting and evaluating shifts or changes in key risk parameters and the effects of such changes on portfolios and relationships.

Problem Solving:

Identifies business needs and existing credit strategies and interprets these into operational reality.
Constantly challenge established thinking and to facilitate constructive discussions that lead to continuous improvement in operating processes.
The ability to balance competing business needs with risk mitigation requirements.
The ability to apply appropriate risk mitigation techniques to improve the bankability of marginal proposals.
Ability to evaluate the risks/rewards of each credit facility application and supporting information, taking into account broad industry risks, total bank exposure to specific industries, and the risk and profile of the counterparty applying for credit.
Manage the cross-functional conflicts that may arise in the course of working with the business teams.
Builds relationship with Relationship Managers to improve and maintain business/credit relationship

Portfolio Management:

Effective management of the zonal portfolio to deliver the desired result along with asset growth, risk, delinquency and cost containment.
Ensures that all internal and external reporting is completed accurately, on time and that appropriate value-adding insight into the portfolio are provided so that both internal and external users of information have a deep and appropriate insight into the quality of the portfolio and the appropriateness of the processes
Ensure there are effective controls in place to rectify any identified gaps/risks in the portfolio

Credit Committee Secretariat Management:

Prepare minutes of Credit Committee meetings within 48hours of every meeting
Ensure all approved facilities are sanctioned in line with the terms of approval of the committee
Effective monitoring of all credit committee action plans; timely reporting and escalation of all breaches

Qualifications and Experience

First Degree in Finance, Accounting or General Social Science
Professional Qualifications such as ICAN, ACCA, CIBN, FRM etc would be an added advantage
Minimum of 7 years experience in Risk Management, out of which five years must be in a credit-related role.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

3.) Legal Advisor, Business and Commercial Clients (BCC)

Job ID: 61581
Location: Lagos Island, Lagos
Work Arrangement: Fully Office Based
Job Sector: Banking

Job Purpose

To effectively manage and mitigate the legal risks faced by the BCC business by providing value-added legal advisory services to the business and implementing adequate controls cascading down from the Head BCC & CS.
To support the BCC business in operationalizing and aligning its strategy and contracting process.

Key Responsibilities / Accountabilities
Provide Legal Advice:

Provide accurate, appropriate and case-specific, expert and specialist legal advice to business units (including but not limited to research, vetting and/or drafting) in accordance with the business unit’s mandate as well as the requirements of line management within Group Legal.
Liaise as an intermediary between business units and external parties including external legal counsel.
Action of court orders (within a reasonable period), subpoenas (within 24 hours or within the time period stipulated in the subpoena, whichever is the earlier), investigation reports (within 48 hours) and other legal process or ad hoc queries (within a reasonable period or within the timelines stipulated in the legal process) despite capacity constraints and bearing in mind that certain tasks are often urgent and require quick turnaround.

Mitigate Legal, Financial and Reputational Risks:

Partner with the business to proactively address legal, financial and reputational risk at an early stage.
Advise and obtain the relevant authority from stakeholders should the bank require legal representation/ intervention by external attorneys.
Escalate matters that require legal representation/ intervention by external attorneys to Litigation for their assistance in appointing an external attorney.
To support Litigation in the appointment of external attorneys.
Report operational risk issues which affect bank internal stakeholders and trends in the legal industry that may negatively impact on the bank.
Integrate legal risk capabilities to enable the Universal Bank.
Timeous and effective actioning of court orders, subpoenas and reviewing of Group Investigation and Fraud Risk investigation reports.
Ensure that internal stakeholders treat customers fairly.

Use and develop Standardized Frameworks and leverage Technology:

Leverage technology (Office 365) to enable effective knowledge sharing and access to legal documentation.
Assess, interrogate and review all sources of information to impart .consistent communications to stakeholders which will streamline the information sharing process and add credibility.
Develop a streamlined framework and process in order to provide a seamless, consistent and standardized deliverable aligned to needs.

Ensure excellent stakeholder and customer service:

Keep internal stakeholders up to date on the progress of matters, be accountable and keep to deadlines.
Provide excellent and consistent stakeholder and customer experience.
Add value to both internal and external stakeholders by maintaining good relations.
Provide a seamless stakeholder and customer experience.
Connect the internal bank legal community to ensure consistency and standards-aligned to stakeholder and customer needs.
Assess, interrogate and review all sources of information to impart consistent communications to stakeholders which will streamline the information sharing process and add credibility.

Minimum Qualifications and Experience

First Degree
Relevant certifications and memberships in the Legal field would be an added advantage
Minimum of four years working experience in a related role
Comprehensive understanding of the legal environment and the application thereof in the business processes of the banking industry.
An understanding of the regulatory environment within the Banking industry.
Comprehensive knowledge of legislation and SBSA’s risk and compliance universe.
Knowledge of the full spectrum of bank products and services.
Good understanding and application of Operational Risk, Credit Risk and Legal risk and /or Risk Management and Basel 2.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

4.) Officer, Nostro & CBN Reconciliation

Job ID: 61065
Location: Lagos Mainland, Lagos
Job Sector: Banking
Work Arrangement: Fully Office Based

Job Purpose

To support the Team Leader, Prompt reconciliation of Nostro, CBN & Blotter to Nostro accounts and other aligned functions to ensure that there are no long outstanding items and to meet regulatory demand.

Key Responsibilities/Accountabilities
General:

Daily reconciliation of Nostro, CBN and Blotter to Nostro accounts (Net Open Position-NOP)
Daily monitoring and follow-up on the Aligned Units: SISL, IS and GMO accounts for resolution of non-conforming items
Accurate matching of entries using Clirec Web Based Application.
Initiates process of investigation into unusual occurrence in Nostros accounts.
Ensure cleanliness and Integrity of all CBN/Nostro/ NOP accounts through the regular review of these accounts
Maintain a culture within the Bank that emphasizes and demonstrates to all the importance of reconciliation and its corresponding effect on service excellence
Follow up on all unmatched and outstanding items in the CBN / Nostro/ NOP accounts by generating written queries to the applicable unit / branch
Prompt rendition of monthly / Quarterly EFASS reports on Nostro accounts
Ensure proper filing, storage and retrieval for Nostro account statements

Outputs and Measures:

Achievement of strategic goals (Unit / individual goals)
Compliance and improvement on turn- around times (TAT) on delivery of reconciliation reports
Number of ageing items on Nostro / CBN/ NOP accounts.
Number of complaints / mismatched items
Improved customer service and satisfaction levels as per customer survey results
Reduction of costs and increased throughput
Quality of risks mitigation interventions

Cost Management:

Develops and implements initiatives to reduce cost and ensures that budgets for the Recons Unit are met.
Develop initiatives to improve operational efficiency and achieve reduction in operational costs.

Performance:

Identifies and defines operational performance metrics geared towards meeting country objectives by analysing the existing gaps.
Work closely with Team members to ensure that best practices and a standard approach is followed.
Provides accurate and timeous MIS

Control:

Identifies and assesses the risks facing both systems and business processes thereby providing effective loss and risk management and so minimising the operational risks.
Liaises with POR management in ensuring that regulatory, group policy standards and minimumn operating procedures are observed to minimise the Bank’s exposure to risk.

Self-Development:

Identifies appropriate formal and occupational (informal) training needs and courses (internal/external) to develop oneself.
Up-Skills self-regarding new processes and procedures through attendance of workshops/presentations and reading of internal and external communications.

Minimum Qualification and Experience

First Degree (B.Sc) Accounting related field.
Professional Certificate (ACA /ACCA, MBA) Accounting, Finance, Banking & Management.

Experience:

General audit and banking experience
Years: 1 - 2 years
Experience Description: At least two years general audit and banking experience

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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