Stanbic IBTC Bank: Suite Manager
The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history, gave birth to a new entity now known as Stanbic IBTC Bank PLC which became part of the Standard Bank Group. The merger was officiated in August of this year and legalised on the 24th of September 2007.Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary, IBTC Asset Management Limited has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria’s largest mutual fund with a net asset value in excess of N25 billion (as at December 2007). It is the only bank that has a direct subsidiary that is a pension fund administrator; through the market leading IBTC Pension Managers Limited (IPML).
The Corporate and Investment banking offering includes global markets, project and structured finance, equities trading, corporate finance, global custody and a myriad of transactional and electronic banking solutions. As part of Africa’s largest bank, it is able to give its clients access to expertise and on the ground presence across the globe, a vital service in the ever increasing global requirements of business.
Stanbic IBTC Bank PLC continues to play a significant role in some of the largest capital markets deals not only in Nigeria but in the continent as well. Stanbic IBTC Bank PLC was involved with Standard Bank London and Afrinvest as lead arrangers of the historic $350 million Eurobond issue for GT Bank. More recently, together with its parent company, Standard Bank, it put together the largest telecommunications deal ever in Africa – a $ 2 billion syndicated loan for MTN Nigeria.
Traditionally strong as a corporate and investment bank, Stanbic IBTC Bank PLC looks set to strengthen its position in this sector and will increasingly play a significant role in the personal and business banking retail environment.
Stanbic IBTC Bank PLC offers its clients a wide range of corporate, investment, business and personal banking products and solutions. With over 60 branches across the country and over 1500 dedicated staff, the bank is positioned to take care of your banking requirements. With our great achievements, we are are presently recruiting. Position Description
Job Purpose
Please note that this role is based Abuja. Only candidates who understand Abuja’s business climate will be considered
The Suite Manager must ensure that the department successfully provides an exclusive service to wealthy individuals, their families and mid-sized businesses utilising the extensive range of banking, wealth and fiduciary products within the group.
Responsible for the effective day-to-day running of the Suite through team of Relationship Managers and Transactional Bankers.
KRAs
Sales Management
Identify and develop significant new relationships through correspondence, personal contacts and networking with a view to identify and address their financial goals and concerns.
Introduce clients to the various banking and investment products and services available within the Group and recommend the appropriate mix that matches the clients’ expectation and risk profile.
Ensure that suite targets are met and exceeded.
Prepare weekly suite sales report and annual suite budget.
Credit and risk management
• Ensure that all clients’ Account Opening Documentation conforms with KYC policies
• Work within the existing audit, compliance, and regulatory framework in order to ensure a high quality, compliant portfolio of client relationships.
• Understanding and control of lending processes
People management
Ensuring the suite is properly and adequately resourced to meet business and operational demands
To develop a proactive, skilled and result-oriented private and business banking team.
Provide an environment that attracts and develops the right calibre of staff ensuring that the suite becomes an employer of choice for external, as well as internal candidates.
Supervision of Work – Includes work distribution, scheduling, training, answering of questions related to work, assisting in solving problems.
Managing staff to ensure that targets, work and quality standards are set, achieved and maintained.
To apply visit the Bank’s link as provided underneath
http://corporateandinvestment.standardbank.co.za/pages/careers_rms/nigeria/jobs.html
