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To ensure that Credit requests are analyzed against the canons of lending (Character, Capacity, Conditions, Capital, and Collateral) as a basis for making approval / decline recommendations.
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Countercheck and approve all applications analyzed by analysts and ensure they are processed within the acceptable timelines.
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Review of treasury dealer limits
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To ensure that Sanction sheets and offer letters are prepared based on 1 above and ensure accuracy, completeness and neatness of the same for further approval by relevant Head Office Credit Committees
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Prepare draft board papers for facilities requiring approval by the Risk Management Committee of the board for further review by management at Credit Administration departments.
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Follow up with the branches to ensure fulfillment of ALL sanction conditions and other covenants prior disbursement of the facilities.
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Submission of securities to security perfection officer within 12 hours of receipt from branches for further advise to legal department.
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Verify Compliance to canons of consumer lending through inspection of ability to pay, fulfillment of consumer MOU requirements and proper documentation to ensure credit risk is adequately mitigated. Review loan security margins as per the existing market trends and advice the management on any necessary reviews.
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Ensure there is a clear credit risk policy in place outlining the key mitigation processes.
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Recommend policy reviews for customer service and risk management improvement based on experiences and industry trends.
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Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
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Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within credit risk analysis.
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Do any other duties that may be assigned by the Management.