Employer: Stanbic IBTC Bank
The Company
Stanbic IBTC Bank Careers for Manager, Specialized Recoveries.Stanbic work team is very innovative and goal-getting.Stanbic IBTC Job assures employees of an attractive remuneration package.
Stanbic IBTC Bank is a top notch Bank group in African, focusing on global emerging markets worldwide. The bank has been South African major financial institution for more than 150 years. Stanbic IBTC bank originated in South Africa and presently, it spans across 16 countries across in Africa.
Stanbic Bank is a strong believer of technical and innovative approach to problem solving. This has helped the bank to guarantee their customers exceptional client services and leading edge financial solutions. The bank outstanding global successes reflects in their commitment to the latest solutions, recruiting the best people, and a uniquely flexible and vibrant working culture for their employees.
The details of the latest Stanbic IBTC Bank Careers are as follows:
Position: Manager, Specialised Recoveries
Job ID: 12819
Location: Nigeria
Post Closing Date: Apr 21, 2015
Purpose of Stanbic IBTC Bank Careers
Manage a team of staff to minimize credit losses by constantly improving the collections on NPLs and, recoveries on the write-off portfolio.
Responsibilities for Stanbic IBTC Bank Careers
Risk Management
Ensure that all the necessary systems and controls are in place to properly manage the NPL book, and maximise rehabilitation of accounts in arrears.
To manage and control collection strategies and campaigns within the NPL environment with the aim of maximizing collection effectiveness and efficiency.
Ensure effective and efficient repossession and disposal processes, secured storage facilities to be in place, as well as realising any attributable security.
Operate within delegated authority levels, and ensure that have sufficient levels of mandate to perform day to day operations.
Manage recoveries on the write-off portfolio.
Ensure resolution of customer queries.
Relationships
Liaise with business partners on developments within Specialised Recoveries, and their needs.
Co-operative relationships between the various participants in the credit recovery processes.
People Management
Establish an effective Specialised Recoveries structure and team, ensuring that all the required functions are adequately and timeously addressed.
Ensure that people management and development frameworks and processes, including:
– recruitment and selection
– performance management
– talent management
– capacity building
– equity and diversity
Develop team in the context of future capacity requirements
Increase awareness amongst staff of statutory governance and legislation applicable to the Credit Control environment through appropriate training and accreditation interventions.
Ongoing communication with staff regarding the need to ensure continual compliance.
Regulatory
Ensure compliance with statutory, regulatory and supervisory requirements, to protect the reputation of the Group and to avoid legal action / sanction in respect of regulatory compliance matters.
Monitor adherence to internal controls and regulatory requirements and enhance procedures, in need.
Report any breaches and exposures to the Head of Rehabilitations and Recoveries.
Provide relevant MI information as required.
Operational Management
Implement and manage collection strategies and campaigns.
Maintain a high level of customer service.
Manage and maintain workflow.
Any delegated ad-hoc function from Head of Rehabilitations and Recoveries.
Key performance measures
NPL not to exceed agreed percentage of total loan book.
Manage impairment charge within agreed budget.
Recovery rate on NPL and write-off portfolio.
Timely and accurate submission of all required returns / reports.
Control Costs within budget.
To provided Customer Service to internal and external customers to ensure that queries/issues are resolved expeditiously.
Required Skills and Qualifications for Stanbic IBTC Bank Careers
Qualifications
Bachelor’s degree in Law, Economics, Finance, Accounting or Social Sciences.
Knowledge of performance management.
Required Competencies
Technical competencies
Knowledge of collections processes.
Knowledge of procedural and legal issues involved in the resolution of bad debts.
Knowledge of various legislative requirements relevant to debt liquidation/insolvency/administration/receivership processes
Personal competencies
Problem solving
Interpret, analyse and evaluate data received from multiple sources.
Conflict management.
Ability to manage and control multiple projects.
Planning
Drive to simplify and improve processes.
Ability to plan and prioritise activities within allocated time frames.
Plan for staff training needs.
Decision making
Analyse problems thoroughly
Think pro-actively
Apply sound judgement
Collate and critically evaluate information from multiple sources.
Method of Application
Interested applicants for Manager, Specialized Recoveries should apply online by following the instructions on the website below:
Click Here to Apply Online
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