• Application Deadline:
• Position: Principal Card Business & Payments Credit Risk


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

JOB SUMMARY:

• The role holder will be in charge of managing risks across the card payments value chain and managing payments credit risks.


• The role holder should have experience in a card payments environment preferably having dealt with card schemes and regulators.


• The role holder will own card business risk and payments credit risk and will be accountable for these risks to senior management.

CORE RESPONSIBILITIES:

Card Business Risk

• Periodic Review of and reporting on existing merchants to ensure compliance with card scheme rules and regulations


• Review of all merchants to ensure compliance to card scheme requirements


• Analysis of chargeback exposure and merchant settlement timing


• Own the identification and closure of all risks associated with card acquiring


• Ensure compliance of Cellulant’s card business to card scheme rules and applicable regulations


• Be the central point of contact for all card scheme rules and regulations


• Track any changes to e-commerce card acquiring rules & regulations and circulate internally for closure


• Own the implementation of card Compliance Management Program


• As part of the product development for all products that touch on card acquiring, you will ensure all risks have been adequately addressed


• Partner with cross-functional teams to design and implement mitigative controls on the identified risks

Payments Credit Risk

• Identify possible credit risks that clients’ payment or settlement terms may pose to Cellulant while providing recommendations and escalations to mitigate such risks


• Own the roadmap for identification, assessment and applying controls of credit risks from merchants’ , partners’ or counterparties' payment, settlement or payout terms


• Design and cascade governance policy and process around the control of credit risks from merchants’ or partners’ payment, settlement or payout terms and other products or applicable areas . Partner with cross-functional teams to design and implement mitigative controls on the identified risks


• Assess the overall credit risk standing of Cellulant and its counterparties by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors


• Design credit risk concentration indicators and default indicators by counterparties in accounts receivables. Ensure periodic review of these indicators to senior management.


• Develop and implement risk management strategies to minimize losses due to credit defaults


• Monitor key credit risk indicators and provide insights to senior management


• Conduct regular reviews of credit policies and procedures to ensure compliance with regulatory requirements


• Provide recommendations for process improvements and efficiency gains

Internal Control

• Conduct research to assess business risks and liaise with the various Groups to identify potential risks and create controls to mitigate them


• Ensure effective and optimal internal controls are embedded across the enterprise.


• Review of Controls in Systems, Processes and the Environment


• Control Design and Testing Techniques


• Control Monitoring and Maintenance


• Product/Service Knowledge and Assessment/Review

QUALIFICATIONS & EXPERIENCE:

Must Have Experience:

• Demonstrable in depth knowledge of credit and liquidity risks in the Commercial Payments business


• Demonstrable in depth knowledge of ecommerce card transactions and Visa/Mastercard scheme rules and applicable regulations strongly preferred


• Experience with online/card not present merchants in electronic/digital commerce channels


• Ability to work with and influence senior management regarding risk and compliance issues


• Process orientation with a desire to improve processes and drive efficiencies


• Strong conceptual and quantitative problem-solving skills


• Ability to work across business lines to drive business decisions.


• Experience with managing card payments risk


• Experience in a payments environment preferably PSP or bank acquiring


• Risk management and internal controls


• Internal Control frameworks and standards

Nice To Have Experience:

• Experience in Group function, shared services, cross border transactions, fraud risk, investigations

Qualifications:

• A bachelor's degree in finance, business administration, accounting, information technology or any other relevant field.


• A Masters Degree or certifications in Risk Management and Internal Controls is an advantage.

Skills:

• Report Preparation


• Product Risk Analysis


• Credit Risk Analysis


• Card Payments


• Internal Controls


• Good understanding of business


• Presentation skills