2022-09-09
STERLING MANAGEMENT DEVELOPMENT PROGRAM (SMDP)
Sterling Bank Plc, which is a full service national commercial bank is licensed by the Central Bank of Nigeria. On Reuters and Bloomberg terminals, it is identified as STERLNB.LG and STERLNBA:NL respectively.
The bank provides services to individuals, small businesses (SMEs) and large corporations. As of December 2021, the bank's branch network numbered 141, distributed throughout Nigeria with total assets valued in excess of NGN 1.6 trillion).
Sterling Bank Plc originally incorporated in 1960 as Nigeria Acceptances Limited (NAL). The bank was licensed as Nigeria's first merchant bank in 1969. Consequent to the indigenization decree of 1972, the Bank became fully government owned and was managed in partnership with Grindlays Bank Limited, Continental International Finance Company Illinois and American Express Bank Limited between 1974 and 1992. In 1992, the Bank was partly privatized and listed as a public company on the Nigeria Stock Exchange (NSE).
Eight years later, in 2000, the Federal Government sold its residual interest in the bank, effectively making it a fully privatized institution.
In January 2006, as part of the consolidation of the Nigerian banking industry, NAL Bank completed a merger with four other Nigerian Banks namely, Magnum Trust Bank, NBM Bank, Trust Bank of Africa and Indo-Nigeria Merchant Bank (INMB) and adopted the name 'Sterling Bank'. The merged entities were successfully integrated and have operated as a consolidated group ever since.
In line with the Central Bank of Nigeria's repeal of universal banking, Sterling Bank now operates as a national commercial bank, disposing of holdings in subsidiaries and affiliate companies. In mid-2011, Sterling Bank Plc acquired the franchise of the erstwhile Equatorial Trust Bank.
ABOUT THE PROGRAM
The Sterling Management Development Program (SMDP) is a bespoke recruitment campaign that leads into an intensive 12-month rotational program, where you can gain insight and cross border exposure to enable you to emerge as a well-rounded professional equipped with different skills & competencies you can apply to different areas within Sterling while you also GROW personally.
In addition, the Sterling Management Development Program aims to develop Next-Gen leaders who will largely contribute to the design of the future of Sterling.
ELIGIBILITY CRITERIA
APPLICATION
Only suitable candidates will be shortlisted and contacted.
We are an Equal Opportunity Employer and do not discriminate in our selection and employment practices based on race, colour, religion, gender, nationality, political affiliation, marital status or disability.
All applications must be submitted via the provided application medium and during the respective application period. (We do not accept applications by email).
Multiple applications may lead to disqualification.
SLECTION PROCESS
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