Optimus Bank is a digital-driven financial service platform built with a bold ambition of offering optimum banking experiences to millions of customers globally.
We are recruiting to fill the position below:
Job Title: Credit Risk Administration Officer
Location: Lagos
Job type: Full-time
Responsibilities
- 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).
- 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.
- 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.
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.
