VAF Disposals Officer jobs career at Standard Chartered Bank Nigeria 2013

Standard Chartered Bank Nigeria – Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are  mindful of achieving this objective in line with the interests of all stakeholders.

We are recruiting to fill the below position of:

Job Title: VAF Disposals Officer

Job Purpose
To ensure all repossessed assets are appropriately recorded in the stock register and the safe custody of such goods is reconciled on a weekly basis with the stock register and that all saleable assets are clean and where applicable, repaired in terms of authority granted; effectively maintain all administrative duties relating to secured assets and the subsequent sale thereof.

Operational Duties

  • Provide and submit comprehensive reports on all recommended repairs to be carried out once authority to sell is received.
  • Ensure the timely valuation on all assets in custody.
  • Maintenance of repossession files.
  • Despatch relevant advices to customers i.e. Intention to Sell.
  • Advertise and market sale in conjunction with Team Leader and  Manager. (In-house Disposal process)
  • Update system regarding actions taken on accounts and/or progress reports.
  • Maintain adequate dairy system and follow-up on diarised events.
  • All other credit control duties that may be required from time to time.
  • Arrange for stock to be delivered to Auctioneer and attend Auctions in collaboration with relevant service providers.
  • Ensure that file documentation is complete before shortfall is written off.
  • Risk Control
  • Conduct monthly stock taking exercise.
  • Assist with the repossession of assets to protect the Bank’s interest.
  • Ensure compliance with statutory, regulatory and supervisory requirements, to protect the reputation of the Group and to avoid legal action/sanction in respect of regulatory and operational compliance matters.
  • Record all repossessed items in asset register and maintain all subsequent entries relating to stock movement, releases, valuations, arrangements, costs incurred and resale detail.
  • Ensure that sale proceeds are applied correctly.
  • Ensure that all releases are appropriately handled and the necessary documentation prior to the release being affected, as well as the necessary stock movement recorded.

Required Skills and Qualifications

  • Sound Vehicle and Asset Finance Product knowledge would be an advantage.
  • Sound knowledge of applicable Legislation.
  • Good knowledge of credit policies and procedures.


  • Two years experience in Credit Recoveries environment.
  • Knowledge of collection procedures.
  • Minimum of a Bsc Degree

Required Competencies

  • Communications skills
  • Conflict management
  • Be able to work independent.
  • Team player.

Application Closing Date
7th March, 2013

Method of Application

Interested and qualified candidates should:
Click here to apply online

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