About Company
Stanbic IBTC Bank Plc is a leading African banking and financial services organization, a member of the Standard Bank Group, which operates in 20 countries across Africa and other key markets globally. In Nigeria, Stanbic IBTC provides a full spectrum of financial services including personal and business banking, corporate and investment banking, wealth management, and pension solutions. We are committed to driving growth, fostering innovation, and delivering exceptional value to our clients, employees, and shareholders. Our culture is built on integrity, teamwork, and a relentless pursuit of excellence, empowering our people to achieve their full potential and contribute to the economic development of the communities we serve.
Job Description
Are you a highly analytical and detail-oriented financial professional with a keen eye for risk and a passion for driving sound financial decisions? Stanbic IBTC Bank Plc, a proud member of the Standard Bank Group, is seeking a dynamic and skilled Credit Analyst to join our esteemed team in Abijo, Lagos. This is an exceptional opportunity to contribute significantly to our mission of fostering economic growth by enabling responsible lending practices and prudent financial management across various sectors. At Stanbic IBTC, we are committed to building a diverse and inclusive workforce, and we believe that your unique perspective will be invaluable to our success.
As a Credit Analyst, you will play a pivotal role in evaluating the creditworthiness of potential and existing clients, assessing financial risks, and providing informed, data-backed recommendations that directly impact our lending portfolio’s health, profitability, and compliance. Your expertise will be crucial in ensuring that our credit facilities are extended judiciously, aligning with both the bank’s strategic objectives and stringent regulatory guidelines. You will delve deep into financial statements, market trends, industry-specific data, and macroeconomic factors to construct comprehensive credit proposals and risk assessments. This role demands a proactive individual who can not only meticulously analyze complex data but also interpret its implications, communicate findings clearly and concisely, and actively contribute to strategic discussions within the credit committee.
You will be responsible for preparing detailed, well-structured credit reports, conducting thorough financial modeling, and engaging collaboratively with relationship managers and clients to gather necessary information, clarify financial positions, and understand business operations. Monitoring loan portfolios for compliance with established terms and conditions, identifying early warning signs of potential default, and recommending appropriate mitigating actions will also be core aspects of your daily activities. Furthermore, you will be instrumental in ensuring strict adherence to the bank’s robust credit policies, internal procedures, and all relevant regulatory frameworks, including those stipulated by the Central Bank of Nigeria (CBN). This position offers a stimulating and intellectually challenging environment where continuous learning, professional development, and career advancement are actively encouraged. You will have the opportunity to deepen your expertise in credit risk management, engage with a diverse client base, and contribute to a legacy of financial excellence within one of Africa’s leading financial institutions. If you are ready to apply your analytical prowess in a fast-paced, impact-driven setting and contribute to a team dedicated to responsible banking, we invite you to explore this exciting opportunity.
Key Responsibilities
- Conduct comprehensive financial analysis of client applications, including financial statements, cash flow projections, and collateral assessments.
- Prepare detailed credit reports and proposals with clear recommendations on lending decisions.
- Assess and mitigate credit risk for various lending products and client segments.
- Monitor existing loan portfolios, identify early warning signals of potential default, and recommend appropriate remedial actions.
- Ensure strict adherence to the bank’s credit policies, procedures, and relevant regulatory requirements (e.g., CBN guidelines).
- Collaborate effectively with relationship managers, clients, and other internal stakeholders to gather necessary information and facilitate credit processes.
- Participate in credit committee meetings, presenting and defending credit proposals.
- Stay abreast of industry trends, market conditions, and regulatory changes impacting credit risk.
- Contribute to the continuous improvement of credit risk management frameworks and processes.
Required Skills
- Strong analytical and quantitative skills with proficiency in financial modeling and analysis.
- Excellent understanding of credit risk principles, financial products, and banking operations.
- Proven ability to interpret financial statements and economic data.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
- Exceptional written and verbal communication skills, with the ability to present complex information clearly.
- High attention to detail and accuracy.
- Ability to work effectively both independently and as part of a team.
- Strong problem-solving and decision-making capabilities.
Preferred Qualifications
- Relevant professional certifications (e.g., CFA, ACCA, FRM).
- Experience with credit analysis software or risk management systems.
- Knowledge of local and international financial regulations and compliance.
- Experience in a similar role within a commercial bank or financial institution.
- Postgraduate degree in Finance, Economics, or a related field.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health insurance for employees and their families.
- Pension scheme and other retirement benefits.
- Opportunities for continuous professional development and training.
- Generous paid time off and leave policies.
- Employee wellness programs.
- A vibrant and inclusive work environment.
How to Apply
Interested and qualified candidates are encouraged to apply directly through our official career portal by clicking the application link below. Please ensure your resume and cover letter highlight your relevant experience and align with the job requirements. Only shortlisted candidates will be contacted for an interview.
