Stanbic IBTC jobs in Nigeria(Transaction Management Unit)

Job ID: 6102
LOCATION: Nigeria – Lagos
Division: credit
Position Category: credit
Employment Type: Full Time - Permanent
Shift: No
Regulatory Approval: Yes

Position Description

Job Purpose
Transaction Management Unit (“TMU”) is responsible for providing market risk, operational risk and credit monitoring support to business units within Corporate & Investment Banking Group (“CIB”) with regards to the management of the Group’s Risk Asset Portfolio.

The job holder will assist in providing support for the (a) execution and closing of transactions undertaken within CIB, (b) Portfolio Management of all Assigned transactions, (c) work in co-ordination with other relevant departments to minimize risk associated with the Bank’s risk assets, and (e) maintain good relationship with internal and external clients as well as service providers (Marketers, Legal, Risk and Finance).


KRAs
Pre-handover / Transaction Closure
Assisting in the review of loan documentation to evaluate transaction controls;
Assisting in developing scopes of work / terms of reference for relevant consultants required for monitoring transactions post financial close;
Assisting with the due diligence process in terms of Conditions Precedent to drawdowns and subsequent drawdowns;
Attendance during negotiations with banks and other project parties;
Initiating a monitoring and control process on new products/structures and obtaining approval of such process from Head of Credit.

Handover / Post Execution
Ensuring that all relevant deals are being monitored.
Obtaining relevant information on, and understanding of credit conditions to be monitored (conditions precedent, waived conditions and ongoing conditions)
Meeting with the Origination and Execution team to ensure clear understanding of deal (structures, models, security, etc) at handover stage
Ensuring that a full set of documents is received
Capturing the relevant information into the TMU database including tracking of important dates and events relating to each deal under management.

Monitoring and Reporting
Maintaining contact with client representative to ensure that the required risk information is received in a timely manner
Monitoring and reporting on credit risk on a transaction, client and portfolio level by ensuring:
client / transaction information is obtained and used to determine compliance to credit conditions / covenants and non-compliance is reported in a timely manner
Periodic and ad-hoc visit are carried out to review, where relevant, clients’ operations and/or the bank’s security and providing a comprehensive status report, which must include identification of potential structural weakness in the bank’s security.
external information that may impact borrower facilities (e.g. country, segment, industry and market information) is highlighted in the various risk reports
transaction level information is carried forward into client level reporting to ensure that a complete risk view is maintained and where there is a transaction covenant breach, all facilities for that client are noted (cross-triggers)
Keeping track of all breaches noted on transactions. Escalating breaches to the appropriate sanctioning authority and placing on record with the Business Support and Recoveries and Execution teams
Preparing and presenting reports in a timely manner at:
Transaction level
Client level
Portfolio level
Liaising with the Execution and Business Support and Recoveries teams where transactions are to be re-structured either for distress or commercial reasons and ensuring that TMU database is kept current

In addition to the above, the job holder will also assist in day-to-day tasks as delegated by the Head of TMU.

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