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Stanbic IBTC Bank Now Recruits | Apply Here For Full Time Jobs

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Stanbic IBTC Bank Now Recruits | Apply Here For Full Time Jobs. The following positions are available at Stanbic IBTC Bank:Relationship Manager, Manager, Financial Reporting, IT Control Officer – SIPML.

Stanbic IBTC Bank Now Recruits | Apply Here For Full Time Jobs

Relationship Manager, Commercial Banking needed at Stanbic IBTC Bank. The position role includes, but is not limited to, ensuring that all customers in the portfolio meet the segmentation criteria to be in Commercial Banking. The ideal candidate should possess a good first Degree from a reputable university (minimum of second class lower).

1. Job Title: Relationship Manager, Commercial Banking.

Job Location: Rivers.

Job Purpose

  • To ensure an in-depth understanding of all customers in his/her portfolio, using the Customer Value Chain Analysis (CVCA) tool, in order to effectively meet the needs of the customers.
  • To execute the Commercial Banking Customer Value Proposition (CVP) and Industry Value Propositions (IVPs) initiatives and activities aimed at optimising both customer experience and profitability for the Bank.
  • To execute an effective relationship management strategy in line with overall Commercial Banking strategy of leading with Transactional Banking.
  • To ensure that close personal attention is given to providing a full array of customised financial solutions and services tailored to meet the growth needs and potential of the portfolio.
  • To grow and retain a portfolio of high value Commercial Banking relationships by performing proactive and value adding portfolio management.
  • To achieve financial and non-financial targets for the portfolio.

Key Responsibilities/Accountabilities
In-Depth Understanding Of All Clients In The Portfolio:

  • Ensure that all customers in the portfolio meet the segmentation criteria to be in Commercial Banking.
  • Perform customer value chain analysis (CVCA) for each name in the portfolio to gain an in-depth understanding of the customer’s business and identify opportunities linked to the customer’s business strategies.
  • Use the outcome of the CVCA exercise as a basis for proactively managing the customer relationship going forward.
  • Ensure that the annual customer review and every other engagement with the customer are used as an opportunity to deepen the understanding of the customer’s business.

Execution Of The Commercial Banking Customer Value Proposition (CVP), Industry Value Propositions (IVPs), And Other Agreed Initiatives:

  • Ensure effective implementation of the Commercial Banking Customer Value Proposition (CVP) to the customers in the portfolio.
  • Ensure effective implementation of all the Industry Value Propositions (IVP) for the country’s Commercial Banking business.
  • Ensure effective implementation of all other initiatives aimed at achieving the strategic objectives of Commercial Banking in Nigeria.

Relationship And Portfolio Management:

  • Ensure a deep understanding of the Commercial Banking customer’s business through regular value-adding interaction with the customer at their place of business.
  • Complete a customer value chain analysis to further understand the customer’s needs and identify sales opportunities, and deploy banking solutions to meet those needs.
  • Ensure accurate and updated customer information.
  • Implement a Customer Relationship Management (CRM) as well as Customer Engagement Management (CEM) strategy to ensure regular contact of all Commercial Banking customers in the portfolio as per the customer value proposition (CVP).

Grow And Retain A Portfolio Of High Value Commercial Banking Relationships:

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  • Formulate, drive, measure and manage the implementation of agreed initiatives and a retention strategy for the portfolio to grow profitability per client and share of wallet across the Commercial Banking segment.
  • Achieve the DTF ratio budget for the portfolio, and optimal DTF ratio for each customer in the portfolio based on their industry of operation.
  • Optimally utilize Salesforce as CRM tool to manage pipeline and action plans resulting from CVCA exercise.

Deliver The Financial And Non-Financial Targets For The Portfolio:

  • Achieve the financial budgets for the portfolio through optimal growth of balances, margin management and revenue streams.
  • Implement and control the pricing tactics and parameters for the portfolio in line with pricing policy and financial targets.
  • Measure, track and manage profitability (total revenue, ARPC, CoF, average assets yields, LTD ratio) targets/budgets for the portfolio.
  • Ensure recovery of all revenue generating fees from customers in the portfolio.
  • Drive and monitor the financial performance of the portfolio by proactively implementing measures that promote full banking relationship with customers.

Preferred Qualification and Experience

  • A good first Degree from a reputable university (minimum of second class lower).
  • A professional qualification or 2nd degree will be an added advantage.
  • 3 – 5 years cognate experience in relationship management, in a Business Banking or CIB environment.
  • Practical direct exposure to lending principles/previous working experience in Credit Risk Management is an added advantage.

Knowledge/Technical Skills/Expertise
Financial targets :

  • Portfolio profitability as measured by income after impairments, total revenue, ARPC, CoF, average assets yield, LTD ratio.
  • Net balance sheet growth (liabilities as measured by CASA and performing risk assets).
  • Quality of risk assets as measured by level of impairments.

Non-financial Targets:

  • DTF ratio.
  • Quality of relationship management as measured by clients’ positive experiences/level of clients’ satisfaction/client retention.
  • TAT on client’s transactions.
  • Effective utilization of Salesforce.
  • Quality of CVCAs.
  • Quality of Credit structuring and documentation.
  • Quality of call reports, promptness of annual reviews, etc.
  • Accurate segmentation, mapping and tiering of clients in the portfolio.
  • Acquisition of profitable NTB clients.Job Purpose
    • To ensure an in-depth understanding of all customers in his/her portfolio, using the Customer Value Chain Analysis (CVCA) tool, in order to effectively meet the needs of the customers.
    • To execute the Commercial Banking Customer Value Proposition (CVP) and Industry Value Propositions (IVPs) initiatives and activities aimed at optimising both customer experience and profitability for the Bank.
    • To execute an effective relationship management strategy in line with overall Commercial Banking strategy of leading with Transactional Banking.
    • To ensure that close personal attention is given to providing a full array of customised financial solutions and services tailored to meet the growth needs and potential of the portfolio.
    • To grow and retain a portfolio of high value Commercial Banking relationships by performing proactive and value adding portfolio management.
    • To achieve financial and non-financial targets for the portfolio.

    Key Responsibilities/Accountabilities
    In-Depth Understanding Of All Clients In The Portfolio:

    • Ensure that all customers in the portfolio meet the segmentation criteria to be in Commercial Banking.
    • Perform customer value chain analysis (CVCA) for each name in the portfolio to gain an in-depth understanding of the customer’s business and identify opportunities linked to the customer’s business strategies.
    • Use the outcome of the CVCA exercise as a basis for proactively managing the customer relationship going forward.
    • Ensure that the annual customer review and every other engagement with the customer are used as an opportunity to deepen the understanding of the customer’s business.

    Execution Of The Commercial Banking Customer Value Proposition (CVP), Industry Value Propositions (IVPs), And Other Agreed Initiatives:

    • Ensure effective implementation of the Commercial Banking Customer Value Proposition (CVP) to the customers in the portfolio.
    • Ensure effective implementation of all the Industry Value Propositions (IVP) for the country’s Commercial Banking business.
    • Ensure effective implementation of all other initiatives aimed at achieving the strategic objectives of Commercial Banking in Nigeria.

    Relationship And Portfolio Management:

    • Ensure a deep understanding of the Commercial Banking customer’s business through regular value-adding interaction with the customer at their place of business.
    • Complete a customer value chain analysis to further understand the customer’s needs and identify sales opportunities, and deploy banking solutions to meet those needs.
    • Ensure accurate and updated customer information.
    • Implement a Customer Relationship Management (CRM) as well as Customer Engagement Management (CEM) strategy to ensure regular contact of all Commercial Banking customers in the portfolio as per the customer value proposition (CVP).

    Grow And Retain A Portfolio Of High Value Commercial Banking Relationships:

    • Formulate, drive, measure and manage the implementation of agreed initiatives and a retention strategy for the portfolio to grow profitability per client and share of wallet across the Commercial Banking segment.
    • Achieve the DTF ratio budget for the portfolio, and optimal DTF ratio for each customer in the portfolio based on their industry of operation.
    • Optimally utilize Salesforce as CRM tool to manage pipeline and action plans resulting from CVCA exercise.

    Deliver The Financial And Non-Financial Targets For The Portfolio:

    • Achieve the financial budgets for the portfolio through optimal growth of balances, margin management and revenue streams.
    • Implement and control the pricing tactics and parameters for the portfolio in line with pricing policy and financial targets.
    • Measure, track and manage profitability (total revenue, ARPC, CoF, average assets yields, LTD ratio) targets/budgets for the portfolio.
    • Ensure recovery of all revenue generating fees from customers in the portfolio.
    • Drive and monitor the financial performance of the portfolio by proactively implementing measures that promote full banking relationship with customers.

    Preferred Qualification and Experience

    • A good first Degree from a reputable university (minimum of second class lower).
    • A professional qualification or 2nd degree will be an added advantage.
    • 3 – 5 years cognate experience in relationship management, in a Business Banking or CIB environment.
    • Practical direct exposure to lending principles/previous working experience in Credit Risk Management is an added advantage.

    Knowledge/Technical Skills/Expertise
    Financial targets :

    • Portfolio profitability as measured by income after impairments, total revenue, ARPC, CoF, average assets yield, LTD ratio.
    • Net balance sheet growth (liabilities as measured by CASA and performing risk assets).
    • Quality of risk assets as measured by level of impairments.

    Non-financial Targets:

    • DTF ratio.
    • Quality of relationship management as measured by clients’ positive experiences/level of clients’ satisfaction/client retention.
    • TAT on client’s transactions.
    • Effective utilization of Salesforce.
    • Quality of CVCAs.
    • Quality of Credit structuring and documentation.
    • Quality of call reports, promptness of annual reviews, etc.
    • Accurate segmentation, mapping and tiering of clients in the portfolio.
    • Acquisition of profitable NTB clients.

Application Deadline: Not Specified.

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How to Apply: Interested candidates who meet the criteria listed above should apply by clicking on the “Apply” button below:

Click Here To Apply

 

2. Job Title: Manager, Financial Reporting

Manager, Financial Reporting needed at Stanbic IBTC Bank. The position role includes, but is not limited to, budgeting and forecasting, creating interim and annual financial statements. The ideal candidate should possess First Degree: Finance and Accounting, Mathematical Sciences.

Job Location: Lagos.

Job Details

  • Finance: budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.

Job Purpose

  • To ensure the overall integrity and accuracy of the General Ledger as a basis for the preparation of financial and management reports.
  • Custodian of the General Ledger and Chart of Accounts.
  • Preparation of financial reports

Key Responsibilities/Accountabilities
Being the custodian of the General Ledger, Chart of Accounts, and the repository for all Financial and Management information for the Bank:

  • Effective ownership and management of balance sheet substantiation across the Group
  • Implement process and procedures to safeguard bank’s resources and financial integrity.
  • Maintain overview of subsidiary entities
  • Act as secretariat for the IFC forum
  • Monitoring all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously
  • Reviewing of monthly general ledger reconciliations to ensure that outstanding items are timeously cleared, resultant entries processed
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Cost reporting, budgeting and analysis:

  • Co-ordinate and ensure that timely Corporate function operating expenses reports are provided and Corporate functions Heads receive good service
  • Drive the required business analysis for making recommendations for cost management improvement.
  • Oversee SIBTC group Opex, investigate variances and provide explanations

Preparation of financial reports, coordination of external and regulatory audits:

  • Preparation of requisite schedules for the annual audit
  • Coordination of financial statements audits – IFC audits, regulatory, and statutory audits.
  • Perform detailed review and analysis of the country numbers to confirm the integrity and resilience of reported results.
  • Ensuring that all internal and external reporting requirements are timeously met, including preparation of monthly and quarterly accounts, Group Accounts, result publication and Statutory Annual Financial Statements.
  • Provide technical accounting support to business

Provision of Technical Advice and Accounting support to other Functional Units:

  • Ensure maintenance of and adherence to Group accounting policies and procedures.

Being the custodian of the General Ledger, Chart of Accounts, and the repository for all Financial and Management information for the Bank:

  • Effective ownership and management of balance sheet substantiation across the Group
  • Implement process and procedures to safeguard bank’s resources and financial integrity.
  • Maintain overview of subsidiary entities
  • Act as secretariat for the IFC forum
  • Monitoring all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously
  • Reviewing of monthly general ledger reconciliations to ensure that outstanding items are timeously cleared, resultant entries processed

Cost reporting, budgeting and analysis:

  • Co-ordinate and ensure that timely Corporate function operating expenses reports are provided and Corporate functions Heads receive good service
  • Drive the required business analysis for making recommendations for cost management improvement.
  • Oversee SIBTC group Opex, investigate variances and provide explanations

Preparation of financial reports, coordination of external and regulatory audits:

  • Preparation of requisite schedules for the annual audit
  • Coordination of financial statements audits – IFC audits, regulatory, and statutory audits.
  • Perform detailed review and analysis of the country numbers to confirm the integrity and resilience of reported results.
  • Ensuring that all internal and external reporting requirements are timeously met, including preparation of monthly and quarterly accounts, Group Accounts, result publication and Statutory Annual Financial Statements.

Provide technical accounting support to business:

  • Provision of Technical Advice and Accounting support to other Functional Units
  • Ensure maintenance of and adherence to Group accounting policies and procedures.
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Preferred Qualification and Experience
Qualifications:

  • First Degree: Finance and Accounting, Mathematical Sciences
  • ACCA, ACA, CIMA, Dip IFRS or relevant accounting/ finance qualification

Experience:

  • Financial/Statutory Accounting
  • 5-7 Years
  • In depth understanding of International Financial Reporting Standards.
  • Computer literacy and knowledge of personal computers and software packages such as MS Word, MS Excel, MS PowerPoint, MS Access.
  • Working knowledge of SAP, Finacle, and GBM will be an added advantage.
  • Good communication and presentation skills at a senior level

Knowledge/Technical Skills/Expertise
Technical Competencies:

  • Financial and Accounting Control – able to design control measures and checks in accounting and financial processing activities to mitigate risks of errors, omissions and fraud.
  • Interpreting Financial Statements – ability to interpret financial reports, measure performance and execute key ratio analyses.
  • Preparing Financial Statements – ability to prepare statutory or official financial statements in line with internationally accepted accounting practices and local regulatory requirements.
  • Understanding GAAP – generally accepted practice guidelines for financial accounting.
  • Financial Consolidation – ability to consolidate financial statements between multiple legal entities across multiple geographies.
  • Reconciling Financial Records – ability to check financial entries in multiple systems to ensure that transactions and records are kept in sync and that they have been recorded appropriately.

Application Deadline: Not Specified.

How to Apply: Interested candidates who meet the criteria listed above should apply by clicking on the “Apply” button below:

Click Here To Apply

 

IT Control Officer – SIPML needed at Stanbic IBTC Bank. The position role includes, but is not limited to, mitigating operational risk through a number of controls and monitoring processes. The ideal candidate should possess First Degree – Field of Study: Computer Science/Engineering.

Job Title: IT Control Officer – SIPML.

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Job Location: Lagos.

Job Purpose

  • This is an internal function which will drive the framework, oversight and monitoring of the controls environment in SIPML.
  • Work as an internal consultant to IT Department, to manage the Company’s assets through effective IT risk management and control systems with an ultimate aim to mitigate risk in transactions and the IT underlying processes
  • Mitigate operational risk through a number of controls and monitoring processes.
  • Manage relationship with stakeholders such as Internal Audit, Compliance, Operational Risk, IT, Business Management, amongst other Business Units within the Company.
  • Develop relationships in order to maintain / establish efficient and robust operating models across all IT Department.
  • Expected to build a strong IT control environment to ensure zero level of policy, procedures and regulatory infractions and zero tolerance for control gaps,  reviewed / unauthorized transactions and income leakages

Key Responsibilities/Accountabilities
Manage Risk and Control Management over IT operations’ effectiveness:

  • To support the Business and strengthen the IT control environment by introducing new initiatives toward achieving an effective IT control system within the Company.
  • Perform analysis on IT procedures/processes by reviewing the departmental working manual to identify process gaps and provide value adding recommendations.
  • Carry out periodic reviews of users & super user/administrator activity logs on the core applications and Active Directory (AD)
  • Perform review of the change management logs, test reports and attending change management meetings
  • Manage Logical Access on the company’s applications. This includes creation of users’ account, role modification, disabling of users’ account and password reset.
  • Perform servers, database and operating system reviews.
  • Perform periodic restoration and verification of application backup tapes to ascertain the authenticity & integrity of the selected tape and data.
  • Perform periodic review and monitoring of endpoint security (antivirus, data leakage prevention, etc.)
  • Conduct periodic review of the Data Centre biometrics access logs to ascertain that only authorized users gained access to the Data Centre and periodic inspection of the Data Centre to ensure that the facility and equipment are properly used and maintained in line

Monitor continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards:

  • Process documentation , review & alignment
  • Continuous review and improvement of work processes within the unit.
  • Resolution of IT audit issues
  • Prompt rendition of weekly reports with minimal error
  • Improved IT control environment through continuous and high level engagement
  • Satisfactory rating in the Audit reviews and Internal Service Survey (ISS).
  • Ensure quality and improvement in Business Unit audit and risk assurance reports.

Report to Executive Management & Board Audit Committee:

  • Conduct follow up audits to monitor management’s interventions
  • Maintain open communication with management and audit committee
  • Obtain, analyze and evaluate IT documentations, previous reports, data, flowcharts etc

Manage all Investigations as directed by Senior Management:

  • Ensure that the company’s core values are adhered.
  • Provide guidance on acceptable business culture and reputation

Delivers on all business strategies:

  • Carries out proper engagements for fact finding
  • Creates awareness on risks and conducts
  • Recommends appropriate consequence management actions

Relationships
Process Owners – Heads of Departments and BUs:

  • Description or examples:Maintain close contact with all internal stakeholders within the Wealth sectors and GIC

Group – BU heads in Stanbic IBTC Pensions and GIA:

  • Influence their service delivery
  • Description or examples:Approval and contribution to Policies

Regulator:

  • Influence their decision making
  • Description or examples: Contributes to industry initiatives like training

Customers:

  • Manage the relationship
  • Description or examples: Gets customers for the business and assists in managing some and difficult situations

Preferred Qualification and Experience

  • First Degree Field of Study – Computer Science/Engineering
  • Other qualifications -Certifications or professional memberships CISA/CRISC/CISM
  • Advanced /Professional Degree or Professional Qualification in IT Audit/Control is required.

Experience

  • Independent Assurance – Internal Audit and Controls
  • Minimum of 2 years IT Governance experience
  • Information Technology – Internal Audit and Controls
  • Minimum of 2 years experience
  • Risk Management,Business Support
  • Understand IT operations and improve overall experience

Knowledge/Technical Skills/Expertise
Audit Process:

  • The ability to develop control improvements required to mitigate the risks or control failures identified during internal audit reviews.

Control Evaluation:

  • Knowledge of standards required in managerial and financial auditing, to identify exceptions to control procedures and standards, and develop specific solutions or recommendations.

Investigative Auditing:

  • The ability to conduct investigations and gather evidence where cases of fraud (internal or external) are reported or suspected.

Risk Management:

  • The ability to interpret regulations and laws that apply to the business and to provide information to business on how to comply

Application Deadline: Not Specified.

How to Apply: Interested candidates who meet the criteria listed above should apply by clicking on the “Apply” button below:

Click Here To Apply

 

About Stanbic IBTC Bank.

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa’s financial system for 150 years, and now spans 16 countries across the African continent.

Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

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