Fresh Job at Ecobank Nigeria

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Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS).

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The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and promotional activities leading to the creation of ETI.

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Applications are invited from interested and qualified candidates to apply for the fresh job at Ecobank Nigeria.

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Credit Portfolio Mgt & Reporting Officer

Job Specifications:

  • Full Time
  • Required Qualifications: BA/BSC/HND
  • Location: Lagos | Nigeria.
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Job Description:

The ideal candidate must be able to perform the underlisted functions.

  • Daily spooling of the credit portfolio and reconciliation/proofing of the list with the risk asset GLs.
  • Periodic appraisal of the Bank’s credit portfolio to ascertain the quality of the portfolio using both NGAAP and IFRS approaches.
  • Periodic appraisal of the adequacy of the Bank’s loan loss provision (IFRS)
  • Periodic computation of Impairment using the Bank’s IFRS 9 models
  • Preparation of periodic and adhoc impairment and performance reports to relevant stake holders
  • Weekly preparation of the portfolio concentration reports
  • Preparation and analyses of the Monthly Credit Report (Power Point)
  • Preparation and analyses of the Monthly Business segment Credit reports (Power Point)
  • Preparation of weekly, monthly, quarterly, bi-annual, annual, and ad-hoc Group reports within stipulated deadlines in line prescribed formats and stipulated deadlines
  • Preparation and analyses of periodic Board reports
  • Active involvement in the periodic stress testing process
  • Active involvement in periodic ICAAP and RRP process
  • Active involvement in the preparation of the Credit Portfolio plan and Target Market documentation.
  • Actively involved in the End to End IFRS Impairment process and maintenance of the IFRS 9 models
  • Periodic review of the portfolio with the view to identifying accounts eligible from write-offs/transfer to memorandum.
  • Other portfolio monitoring and review related duties and as assigned by the Supervisor.
  • Management of the Intervention funds process and reporting (i.e. CBN, BOI, etc.)
  • Preparation and submission of the Monthly Regulatory CAR reports.
  • Active collaboration with Finance to resolve all unreconciled issues concerning the reports sent.
  • Collation of documents and information required by regulators and auditors during examinations and audits.
  • CRMS reference number generation for new credits, monthly submission, and update
  • Monthly Credit bureau data extraction and submission.
  • Preparation and triggering accounts for Global Standing Instruction (GSI) quarterly.
  • Private Credit Bureau checks for new credits.
SEE ALSO: Job Recruitment at Greenwich Merchant Bank (GMB)

Qualifications and Requirements:

  • Good knowledge of credit risk management and loan administration.
  • Has good understanding of the Bank’s credit culture.
  • Excel spreadsheet, SQL
  • Applications & other support applications
  • Good knowledge of Core banking application
  • Good Knowledge of Banking and Financial environment
  • Knowledge of CBN Regulations, BASEL and IFRS 9 requirements
  • Minimum of 2 – 5 years banking experience


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DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.

Deadline: October 25, 2023

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Othuke Veno

About the Author: Othuke Veno

Metallurgical & Material Engineer, Content Creator, Federal University of Technology Akure. Join me on Twitter.

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