Stanbic Bank is looking for a detail-oriented, self-motivated, and dynamic team player to occupy the vacant position below;
Job Position: Officer, Collateral
To contribute to the implementation of adequate credit risk controls, specifically focusing on the risks encountered in the post-credit granting stage of the lending process, by maintaining the appropriateness, applicability, consistency, validity, & enforceability of collateral and ensuring that all collateral & legal documentation obtained in respect of banking facilities & advances granted are in legal order & properly housed to secure assets & mitigate risks, thereby minimizing financial losses.
• Land Economy
• Real Estate
• Experience Required 1-2 years
Exposure to various legislative requirements, particularly as it pertains to credit agreements, loan documentation, & the variety of lending mechanisms & types of collateral that may be used.
Understanding of relevant registration processes & the bank’s internal controls & processes, specifically relating to the drafting, execution, management, & custody of all facility letters/loan agreements/collateral documentation.
Understanding of the bank’s products and facilities. Understand the terms of the facilities, and the conditions that will need to be compiled with over the duration of the facility’s life to ensure that legal risk is effectively restricted.
HOW TO APPLY FOR THIS POSITION
Qualified candidates should submit their CVs and application letters on the company’s website: Click Here To Begin Application Online
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Deadline for Application is 17th Feb, 2023