The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history, gave birth to a new entity now known as Stanbic IBTC Bank PLC which became part of the Standard Bank Group. The merger was officiated in August of this year and legalised on the 24th of September 2007.
Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary, IBTC Asset Management Limited has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria’s largest mutual fund with a net asset value in excess of N25 billion (as at December 2007). It is the only bank that has a direct subsidiary that is a pension fund administrator; through the market leading IBTC Pension Managers Limited (IPML).
Stanbic IBTC is seeking the services of an experienced FRAUD ANALYST - Card Fraud
Location: Nigeria
Division: Group Risk Management
Position Category: Credit Risk
Closing Date: Jul 22, 2013
Main Purpose of the Job
•Attending to all aspects relating to collateral documentation and routine related aspects for the Branches.
•Accurate Filing and Maintaining of Collateral Documentation in Safe Custody
Division Proposition
Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
Position Description
Main Purpose of the Job
•Attending to all aspects relating to collateral documentation and routine related aspects for the Branches.
•Accurate Filing and Maintaining of Collateral Documentation in Safe Custody
Required Skills and Qualifications
Problem solving, Planning and Decision Making
Problem solving
•Evaluate current processes and controls in order to address any shortcomings in the credit monitoring, management and mitigation processes.
•Effectively manages the priorities and activities of the Credit Collateral team by identifying key value leverage points and eliminating low value work.
Planning
•Planning is typically short-term, with flexibility being a strong requirement as planning may need to be adjusted often to meet changing business needs
Decision Making
•Apply banking acumen and sound common sense to the overall management of own duties
•Monitor changes in the operating environment, quick to act upon potential opportunities
Required Competencies
Knowledge, experience and personal competencies
Knowledge
•Minimum of Diploma in a Collateral related field
•Understanding of the bank’s products and facilities. Understands 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.
•Computer literacy, risk management ability and problem solving
Experience
•Preferable to have banking experience, particularly pertaining to banking processes with regard to collateral documentation and the operation thereof.
Competencies
•Leadership abilities, providing encouragement and direction to the Credit Collateral team, and leading by example.
•Articulate and perceptive. Listens to other people, and clarifies their understanding of the issues. Defines requirements concisely and unambiguously, while pitching the conversation at the right level for the hearer.
•Works well with other contributors to the business process by sharing information and involving their input.
•Handles potential conflict situations tactfully, with respect for other parties involved, and fosters a climate of co-operation and trust.
•Work Pressure/Stress
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.
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