Credit Analyst at Standard Chartered Bank Nigeria

Standard Chartered Bank Nigeria – We attract talented individuals. Not only can they give you the benefit of their experience, but they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group’s people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviors that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviors we have a remuneration program in place, carefully designed to incentivize our employees to live our values every day.

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Job Position: Credit Analyst

Job Location: Lagos

Job Responsibilities 
Strategy:

1. Credit Analyst: To provide insightful, relevant, succinct, and timely (see below) credit analysis of a portfolio of SCB’s clients (current or prospective). This includes responsibility for proposing counterparty credit grades via the relevant scorecard and ongoing monitoring for credit-material events. While the portfolio will be industry/geography specific in focus, the role extends to analyzing other clients as may from time to time be required.
2. Insightful: Attend to the needs of two audiences – Client Coverage and Risk – the analysis should provide a forward-looking, focused opinion on the likely development of both business and financial risk elements in their industry / geographic context together with a calibrated articulation of key risks and potential mitigants thereto.
3. Relevant:  As well as a holistic counterparty assessment, the analysis should comment on structural elements relevant to SCB’s existing or proposed exposure such as guarantee and security arrangements
4. Succinct: While always providing sufficient granularity to substantiate its conclusions and observations, the analysis should present opinion in as structured and succinct a manner as is practical
5. Timely: While focused on the prescribed annual review cycle, the analysis will also be required where material new exposure is being considered by Client Coverage. In addition, more summary analysis should be produced and disseminated quickly, where relevant
6. Additionally, for any BCA submission it will involve the following:
   • A critical review of Environment and Social Risk Assessments, Appropriateness and Suitability Assessments (FM Products);
   • Consistency and coherence review of the Approved Account Plan, Raptor (or equivalent), Client & Group Facility Summary & Structure (including Terms and Conditions)
   • Active partnership with Client Coverage in completion of Risk Profile, Compliance Details, as well as proposed Covenants and Risk Triggers
7. Overall accountability for consistency and coherence of the complete BCA package submitted to Risk will rest with Credit Analysis and is a key element of the strategy.

Processes:

Timely drafting of credit analysis as directed by the relevant Team Leader.  Such analysis should be Insightful, Relevant and Succinct (see Strategy) and include the following, inter alia:

1. Discussion of the dynamics and nature of the Client’s industry, including key risk aspects
2. Assessment of the Client’s competitive positioning within its industry
3. Discussion of management strength, experience, and track record and corporate governance more broadly
4. Articulation of the Client’s strategy and an assessment of its clarity and associated execution risks
5. Assessment of funding strategy, financial policy, treasury activity (hedging, cash management), and liquidity
6. Development of a current/forward year base forecast performance expectation
7. Assessment of balance sheet strength, alongside cashflow and profitability vulnerability, via ratio analysis and/or stress testing
8. Discussion of other pertinent risk aspects, including country risk, parental and/or governmental linkage/support, the relative ranking of indebtedness, Fraud risk
9. Evaluation of risks associated with particular proposed transactions, where required
10. Completion of Group Mandate/BCA Part 1, Part 2, financial analysis/spreads, scorecards
11. Ensure use of appropriate calculator in alignment with Credit Policy for relevant approvals (e.g. Raptor, Group Aggregation Calculator)
12. Complete ESRA (Environment and Social Risk Assessment) Checklist;
13. For Cat 2 lines, complete Financial Markets Appropriateness and GWWR Attribute checklist;
14. For Cat 2 lines, Credit Term Sheet updates based on RM/Risk feedback
15. Supporting business on structuring deals
16. Documentation support on credit aspects and working with IMO on BCA reworks
17. Testing and Monitoring Covenants & Risk Triggers
18. EAR & ASTAR reporting/updates to credit
19. Seek pre-approval endorsements (where applicable)
20. Preparing country-specific regulatory check-lists (where applicable)
21. Credit stress testing
22. CCC Certification
23. Preparation of other analysis as directed by the relevant Team Leader, such as Industry specific reviews, portfolio reviews, assessments of new prospects etc.

People and Talent:

1. Support CA Head and others in the team on ad hoc projects, strategic initiatives and exercises aimed at improving or enhancing the team’s activities
2. Continually strive to share key relevant knowledge and learnings with others across the team
3. Provide credit-specific coaching to newer or less experienced members of the team
4. Provide credit-specific coaching to newer or less experienced members of the team
5. Provide strong leadership to CA team ensuring independent, quality and timely credit analysis
6. Manage team capacity catering to cyclical workloads – ensure timeliness by proactively planning capacity catering to cyclical demands and peak periods
7. Develop training plans for team including induction pack for new joiners
8. Support Business in the on ad hoc projects and strategic initiatives
9. Monitor metrics and demonstrate quality and timeliness on credit work

Job Requirements
Educational Qualifications:

1. Post-Graduates / or professional (e.g. CFA) qualification preferred, but not mandatory
2. Sound knowledge of accounting and financial principles gained by experience or qualification
3. Pass CCC / FICC credit certification (or approved equivalent) within 6 months of start date or upon availability (if not available in this timeframe)

Experience & Skills:

1. Minimum of 10 years’ relevant experience gained either in banking, treasury or accounting environment
2. Knowledge of emerging markets capital products and service as well as experience in assessment of credit risk in large segments.
3. Strong analytical ability, focused on the assessment and calibration of credit risk
4. Strong verbal and written communication skills (in English), with proven ability to work across cultures and within a dynamic environment
5. Able to hold credible dialogue at all levels of the organisation, as well as with clients
6. Well organized, able to multi-task and balance competing demands

Our Ideal Candidate:

1. Management and Leadership – Ability to prioritise, delegate, develop and motivate people.
2. Analytical strength – to spot emerging risks, in particular forward looking industry trends.
3. Gravitas – to engage with Relationship Managers and Clients alike, have the ability to challenge in a constructive manner.
4. Collaborative – to work in partnership with stakeholders to ‘get things done’, fulfilling the Job Purpose

Application Deadline
19th August 2022.

How to Apply
Interested and qualified candidates should:
Click here to apply online