Wema Bank Plc is seeking a Graduate Trainee to join this vibrant, happy, and successful bank in Lagos as a Loan Review Officer. We would love to hear from you if you are talented and looking to join a dynamic team.
Hiring Organization Name: Wema Bank Plc
Job Position: Loan Review Officer
Employment Type: Internship, Full Time
Base Salary: ₦100,000
Job Location Address: Lagos State
Applicant Location Requirements: Lagos
Job Description:
- To objectively appraise loans and to ensure compliance with established Credit Policies and Procedures as well as extant Government laws and regulations.
- Proactively identify early warning signals that would lead to delinquent credits for quick remediation.
Responsibilities:
- Eerforms 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
- Review bank 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.
Qualifications and Requirements:
- 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
Method of Application:
Interested and qualified candidates should forward their CVs to the email below and use the position as the subject of the email. (Tip: Learn how to write a Professional CV)