Collateral Confirmation & Market Intelligence Specialist at First Bank of Nigeria Limited

First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: Collateral Confirmation & Market Intelligence Specialist

Job Identification: 605
Location: Lagos

Duties & Responsibilities

• Responsible for the physical confirmation of all contracts and collateral for LPO, IDF, CFF, APG, PFI, BG etc with Principals to validate credit documents
• Responsible for physical confirmation of domiciliation arrangement from principals
• Follow up with DMO and CBN on SDN to ensure that the bank’s position is secured
• Physical visitation of schools to validate RAC for FirstEdu. product
• Physical visitation of third-party vendors to verify suppliers under Stock replacement facility product
• Validation of agreements /signatories under ESCROW account  
• Collect/validate all documents from RM required for processing of credit requests in CAP/SLD
• Ensure appropriate loan documentation and timely follow- ups with head office departments for loan approvals
• Follow up with CRM for conveyance of F3800Bto to the Relationship team upon approval
• Responsible for the follow up with relevant departments to ensure perfection of security documents
• Responsible for bank-wide circularization for the release of security documents
• Liaise with CRM in processing the release of security documents
• Liaise with Risk Departments and Legal for processing and collection of bonds
• Ensure timely processing of security documents & certifications
• Liaise with Legal Services for review of documents (bonds, APG & collateral perfection)
• Monitoring and tracking of short term loan repayments across all SBUs and prompt escaltion of account showing early signs of deliquency
• Carry out pre-approval physical visitation to markets bank-wide for market intelligence and risk assurance check across the SBUs
• Assist to engage the BUs on a regular basis to deliver training and enlightenment of FTS and all its variants to facility better understand of the product to avoid pitfall and process delays
• Carry out engagement and visitation of customers for assessment and profiling as part of risk assurance function to aid Management decision
• Carry out pre assignment review all FTS and variants applications across all SBUs on Fintrak
• Prepare and initiate the pre-approval recommendation for all FTS and variants transactions across the Bus before Management approval
• Carry out the periodic post approval visitation of FTS Management & Collection officers to customers shop for stock assessment as part of the monitoring strategies
• Make daily review of all active FTS and variants accounts to identify loan covenant default on accretion timelines   FTS Management & Collection officers
• Carry out the tracking, preparation, and rendition of daily monitoring reports of all active FTS and variants across all the SBUs
• Render daily monitoring reports to all the SBUs bank-wide where all red flags are duly noted and escalated
• Initiate escalation of all loan repayment defaults and early distress account to the management of relevant SBUs for prompt action
• Provide weekly FTS and variants position report to the Team Lead
• Drive collection on FTS and variants loans in branches and ensure performance trigger monitoring
• Provide report on all collection and early delinquency signs /challenges on FTS/variants and short-term loans
• Arrange regular visits/meetings with customers and follow-up on repayment arrangements
• As part of Bank’s Information Security requirements, maintain the security of all information entrusted to the staff and comply with the principles in the Information Security handbooK

Job Requirements
Education:

• Minimum Education: First Degree in any discipline

Experience:

• Minimum experience: 6 yeas relevant banking experience

Application Closing Date
22nd July, 2022.

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