Job Vacancy!!! Team Lead, Collateral Confirmation & Market Intelligence at First Bank of Nigeria Limited

First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: Team Lead, Collateral Confirmation & Market Intelligence

Job Identification: 607
Job Location: Lagos

Job Closing Date
22nd July, 2022.

Duties & Responsibilities

  • Supervise the confirmation of contracts and collaterals across all BUs for LPO, IDF, CFF, APG, PFI, BG etc
  • Supervise the process of confirmation of domiciliation arrangement from approved Principals
  • Supervise the physical collection, monitoring/tracking of Sovereign Debt note (SDN) from Debt Management Office (DMO) and CBN  
  • Supervise the verification and confirmation bank domiciliation for quality asset creation
  • Supervise physical visitation of schools to validate RAC under FirstEdu. Product within region of coverage
  • Supervise physical visitation of third-party vendors to verify suppliers under Stock replacement facility product
  • Supervise validation of agreements /signatories under ESCROW account  
  • Monitoring and tracking of all short term loan repayments across all SBUs to prevent diversion and NPL
  • Supervise the visitation and assessment of markets for enlistment on FTS and variants
  • Supervise the process of onsite customers’ profiling and stock hypothecation to ascertain and recommend maximum obligor limit accessible to customers
  • Supervise the implementation of collection strategies for FTS and variants to ensure timely regularization of facilities
  • Co-ordinate the process of administration of market intelligence in the process of customers onboarding on FTS and its variants
  • Ensure the provision of periodic report on collection position on all active accounts bank wide for FTS and variants
  • Coordinate the tracking of inflow for all Short-term Loans across SBUs to avoid diversion
  • Drive collection on FTS and variants in branches and ensure performance trigger monitoring
  • Ensure the arrangement of regular visits/meetings with customers and follow-up on repayment arrangements
  • Supervise the follow up with CRM for conveyance of F3800Bto to the Relationship team
  • Liaise with Legal Services for review of documents for perfection and follow through
  • Ensure timely processing of security documents & certifications
  • Supervise the circularisation for the release of security documents
  • As part of Bank’s Information Security requirements, maintain the security of all information entrusted to the staff and comply with the principles in the Information Security handbook

Job Requirements
Minimum Education:   

  • First Degree in any discipline. MBA will be an added advantage


  • 8 years banking experience (including credit analysis, banking operations & relationship management).

Job Application
Interested and qualified candidates should:
Click here to apply online

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