Job Title: Loan Review Officer
Location: Lagos
Job Type: Full Time
About Wema Bank Plc:
Wema Bank Plc – Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.
Job Purpose:
- To objectively appraise loans and to ensure compliance with established Credit Policies and Procedures as well as extant Government laws and regulations.
- To also proactively identify early warning signals that would lead to delinquent credits for quick remediation.
Job Responsibilities:
Key Expectations:
- Performs regular loan portfolio reviews based on the 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
- Reviews bank’s 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.
Professional Competencies:
- 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.
Application Closing Date.
12th April, 2025.
How to Apply:
Interested and qualified candidates should Click on ‘Apply now’ below.
