Wema Bank offers a range of retail and SME banking, corporate banking, treasury, trade services and financial advisory to its ever-expanding clients. In 2009, the Bank underwent a strategic repositioning exercise which culminated in a decision to operate as a commercial Bank with regional authorisation in South-South Nigeria, South-West Nigeria, Lagos and Abuja in 2011.
Operating a network of over 125 branches and service stations backed by a robust ICT platform across Nigeria, we are committed to long-term sustainability in our business whilst maintaining the highest standards of social responsibility, corporate governance and diversity in our operations.Job Purpose
To objectively appraise loans and to ensure compliance with established Credit Policies and Procedures as well as extant Government laws and regulations.
To also proactively identify early warning signals that would lead to delinquent credits for quick remediation.
Job Responsibilities:
Key Expectations
Performs regular loan portfolio reviews based on risk and/or size of all credit types.
Ensures acceptable credit standards are maintained (verifies lien perfection, repayment capacity and collateral adequacy etc.)
Ensures Risk Asset creation conforms to the bank’s lending policies and procedures. Also, ensure compliance with relevant State and Federal laws and regulations
Ensures the creditworthiness of the loan portfolio, identify and report anomalies/ emerging risks that merit the review of the lending practices and/or adverse asset classification.
Identify problem loans and work to ensure quick remediation
Reviews bank’s processes (loan approvals, policy exception reporting, supervisory loan to value limits, underwriting, covenants, reporting, etc.)
Determines if proper approval procedures and loan authorities were adhered to before disbursement.
Aid Relationship Management and other SBU (Credit administration, FINCON, Account officers) on loan related accounts.
Professional Competencies
Education: Bachelor’s degree in business related field with emphasis in quantitative background e.g. finance, accounting, Business Administration or Statistics
Professional qualifications such as ACA, ACCA, ACIB, CFA etc. will be added advantage
A minimum of two-year experience in Loan Review or Credit and marketing functions.
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