Purpose of the Job
Ensure that the Bank’s need to provide adequate controls over the risks encountered in the pre- and post-credit granting stage of the credit process are satisfied by verifying key documents and maintaining tight control over physical stock counts, warehousing inspection, and monitoring key distributors in line with approved parameters.
Key Responsibilities
Undertake a comprehensive and robust monitoring, stock count and other activities of customers related to CMU in line with approved sanction and various distributorship schemes.
Undertake periodic and ad-hoc visits / spot checks to review clients’ operations and provide a comprehensive status report as stated in approved sanctions, which must include identification of potential structural weakness in clients’ operations.
Liaise with external agents, e.g., warehousing/collateral agents etc. on behalf of the Bank and act as a checker on their activities in line with executed service agreements. Reports will be duly provided for such activities.
Provide guidance and input in applications requiring monitoring from CMU prior to submission to Credit while simultaneously proceeding with validation of information and documentation provided by the customer.
Ensure CMU SharePoint is updated with relevant reports and documentation as required by centre.
Track collections from key distributors under the various approved schemes to forestall any possible diversion of sales proceeds.
Authorisation of funds transfer from collection accounts to client’s current accounts.
Review account performance vis-a-vis terms and conditions of approval and ensure strict adherence.
Verify documents and information in day-to-day work as delegated by Account Management or Credit Evaluation in line with approved turnaround time.
Diarize and follow up on conditions of sanction/covenants as relates to the CMU function.
Refer/escalate / flag up problematic or irregular accounts (inappropriate payment patterns, failure to meet specific covenants etc.) to Credit Evaluation and Account Management for inclusion in monthly watch list.
Maintain a proper monitoring system and ensure that the data set is complete and accurate.
Design reports that address the tracking and measurement of agreed account performance criteria.
Co-ordinate monthly transaction status report to Management.
Confirmation of invoices and contracts being financed under Invoice Discounting and Contract Financing.
Review and approve Trade Loan Facilities submitted for drawdown.
Manage debtors and creditors in need where the bank has carried out Contract Financing.
Establish and maintain close working relationships with internal and external service providers.
Ensure adherence and compliance to all policies, processes, and procedures.
Any other roles or tasks to be assigned by Head, Account Management & Collateral.
Knowledge
B.Com or Business-related degree. Additional qualifications will be an added advantage.
Sound knowledge and understanding of credit criteria, credit policies, risk and financial analysis, credit control and the application thereof
Thorough working knowledge of the operating system and its related procedures, for analyzing the account behavior of clients.
Thorough understanding of all the bank’s product and facilities that give rise to counterparty credit risk.
Understanding terms of the facilities and any conditions and covenants that will need to be complied with over the duration of the facility’s life.
Understanding of the bank’s systems, policies, and procedures to optimally draw on the available information to manage and control the post-credit granting processes.
Experience
Minimum of 5 years’ experience in a banking environment preferably with a risk management background.
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