• Application Deadline: Wed, 6 Nov 2024 00:00:00 GMT
• Position: Risk and Credit Manager


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 - 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Key Responsibilities

• Develop and implement risk management policies and procedures.


• Conduct stress testing and scenario analysis to evaluate the impact of potential risks.


• Review credit limit requests, assessing the appropriateness of the product type, overall credit extension, borrower’s repayment ability, and loan package conformity to organizational standards.


• Monitor various lending team portfolios for credit risk issues, including exception reporting, past dues, loan agreement compliance, trend analysis, and emerging risks.


• Ensure efficient credit risk management to promote an excellent customer experience, both internally and externally.


• Analyze the delinquent portfolio to identify causal factors, make recommendations, and track progress to ensure timely closure.


• Manage loan recovery efforts, such as negotiating work-out plans for delinquent customers and coordinating with collection agencies or legal action when necessary.


• Monitor violations of credit policies and provide analysis, conclusions, and recommendations to senior management.


• Prepare comprehensive and reliable credit risk reports for senior management and the board on a regular basis.


• Ensure compliance with internal and external risk management policies, and provide staff training on risk management practices.


• Collaborate with other departments to ensure a comprehensive approach to risk management.


• Assist in the development of new credit products and services.


• Perform other duties as assigned.

Key Performance Indicators (KPIs)

• Credit Application Turnaround Time: Average time taken to analyze and approve credit applications.


• Accuracy of Risk Assessments: Percentage of accurate risk assessments based on financial statements and credit reports.


• Implementation of Risk Policies: Success rate in developing and implementing risk management policies and procedures.


• Risk Mitigation Plan Implementation: Response time and effectiveness in reducing identified risks.


• Effectiveness of Stress Testing: Accuracy and comprehensiveness of stress testing and scenario analysis.


• Credit Limit Review Efficiency: Timeliness and thoroughness of credit limit reviews.


• Portfolio Monitoring: Frequency and accuracy of monitoring lending team portfolios for credit risk issues.


• Customer Satisfaction: Rating of credit risk management processes.


• Delinquency Management: Reduction in delinquent portfolios and success rate of loan recovery strategies.


• Compliance Monitoring: Number of credit policy violations identified and resolved.


• Credit Risk Reporting: Timeliness and accuracy of credit risk reports prepared for senior management and the board.


• Regulatory Compliance: Adherence to internal risk management policies and external regulatory requirements.


• Staff Training Effectiveness: Frequency and effectiveness of staff training on risk management practices.


• New Product Development Support: Contribution to the development of new credit products and services.


• Cross-Department Collaboration: Level of effective collaboration with other departments.

Requirements / Qualifications

• Education: Bachelor’s degree in Finance, Economics, Business Administration, or a related field. A professional certification (e.g., CIBN) is preferred.


• Certification in Risk Management (e.g., FRM, PRM) is preferred.


• Experience: Minimum of 3-5 years of experience in risk management or credit analysis within the banking and technology industries.


• Strong analytical skills with proficiency in risk assessment tools and methodologies.


• In-depth knowledge of risk management frameworks and credit risk analysis, especially within banking and technology.


• Experience in stress testing and scenario analysis.


• Attention to detail and ability to make sound judgments.


• Proficiency in Microsoft Office Suite and risk management software.


• Thorough understanding of current risk management methodologies.


• Strong ability to balance risk management with strategic organizational goals.


• Skill in transforming risk management into a strategic tool for enhancing stakeholder value.