VAF Sales and Credit Support Recruitment at Stanbic IBTC Bank Lagos, Nigeria

VAF Sales and Credit Support Recruitment at Stanbic IBTC Bank Lagos, Nigeria

Stanbic IBTC Bank is looking for qualified, committed and responsible candidates to make our vision and mission come true. Standard Bank is a leading global emerging market bank. invited to apply VAF Sales and Credit Support in Stanbic IBTC Bank.

Vacancy Title: VAF Sales and Credit Support
Vacancy ID: 6772
Location: Lagos, Nigeria
Division: Personal and Business Banking
Vacancy Category: Client & Business Solutions
Employment Type: Full Time - Permanent
Regulatory Approval: Yes
Closing Date: Feb 29, 2012

VAF Sales and Credit Support Description
  • Liaising with credit unit of the bank on behalf of VAF RMs and Branch RMs to facilitate quick approval of facilities. Representing and presenting facility paper in Business Assessment Committee (BAC) and Credit Committee on transaction relating to VAF on behalf of VAF unit and branches.
  • Preparation of departmental reports and updates to Head, Business Banking VAF., and regular recommendation on the review of Business Banking VAF product parameters, changes necessary in the unit’s marketing strategies in line with changes in Bank’s credit unit appetite.
  • The job run through the front, middle and back office which requires sound understanding of Leasing vis a vis lease law in country of operation, credit risk, risk management and good knowledge of other bank’s products parameters.
Performance Measures of VAF Sales and Credit Support
  • Adequate support of the VAF RM’s will increase the portfolio size of the Bank.
  • Knowing exactly what document to collect and collecting of adequate and necessary document from client right at the point of interview reduce going back and fort and improve turn around time which will boost the client’s rating on the bank’s professionalism.
  • Specialist input ensures good asset quality in the banks books.
  • Specialist input ensures the bank does not act ultra-vires to the rule and laws governing lease in the country.
  • Keeping of adequate and faultless documentation assist the Bank with a sound fall back position in litigation.
Dimensions of the VAF Sales and Credit Support Job
  • Educating Business Banking RM on VAF products and ensuring the bank’s interest is adequately protected in all VAF transaction.

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