The primary purpose of this position centres on ensuring the Bank’s risks is properly monitored and managed. The individual will also be responsible for the development and implementation of systems, policies and procedures aimed at mitigating identified risks, including devising strategies or programs to find the appropriate balance in all forms of credit and operational risks while also ensuring regulatory compliance.
*Key Functions*
- As Head of Credit and Risk Management you will be responsible for the development and implementation of policies and procedures that will reduce credit risk in the Bank.
- Responsible for implementing the bank’s Risk Management Policy Framework as periodically revised and approved by the Board of Directors.
- You will maintain oversight over the Bank’s Enterprise Risk Management (ERM) activities
- Ensuring that the bank’s risk identification and assessment are built on sound and reliable frameworks and systems.
- Work with the data science team to design and implement robust data-driven credit risk processes and policies to support the scale-up of our credit businesses. While also leveraging customer data to build risk segmentation and mitigation strategies.
- Perform regular reviews and analyses of the non-performing loans to identify common factors, and leverage the insights to modify the credit risk processes to prevent these factors, track the changes to ensure improved performance.
- You will work closely with the Technology team to drive automation of the necessary reports for effective monitoring of the credit portfolio and the credit risk
- Developing methods to generate a robust system to identify, monitor, manage and control credit, market and operational risks.
- Facilitate the identification, assessment, measurement, monitoring, controlling and reporting of the level of risks
- Act as the champion of risk management for the Company and help improve the Management team's understanding of key risk identification, assessment, monitoring and reporting and mitigation.
- Provide support, education and training to all team members to drive risk awareness across the business
- Work with loan recovery team, in negotiating workout plans and strategies for delinquent customers and provide additional support concerning exposures requiring collection agencies or legal action
- Prepare timely, comprehensive and reliable credit risk reports to senior management and the board regularly
- Monitor and manage the performance and development of direct reports.
- Develop appropriate Risk Management strategies/tools and disseminate appropriate risk management practices in line with developments in business products, change in clients, markets/industry, laws and regulations.
*Candidate Qualification Requirement*
- BSc in Accounts, Finance, Economics or related subjects
- Minimum of 5 years in financial services, with sufficient experience in risk management.
- Good understanding of Credit Risk Management, regulatory and other statutory requirements, especially in areas of credit risk management.
- Excellent knowledge of various types of risks (credit, operational, market, liquidity, environment and social)
- Strong execution and operational skills, with the ability to define and map processes and ensure compliance
- Strong data analysis skills, the ability to study data and find correlations that can be used to improve data-driven decisions
- Awareness of emerging and innovative credit risk assessments such as social scoring, alternative credit scoring and big data analytics tools.
- Ideally Microfinance Certification program (MCP) certified and professional Risk Management certification
*Competencies*
- Credit Administration, credit analysis and appraisal skills
- Experience developing policy and process documents
- Excellent presentation and communication skills
- Good team player with excellent leadership traits
- Planning and organisation skills
- High degree of professionalism, maturity and confidentiality
- Strong interpersonal and presentation skills.
- Strong analytical and problem-solving skills
- Innovative and strategic thinking
- Sound interpersonal and negotiation skills
*Must have skills*
- Loan assessment
- data analysis
- Credit Administration
- Planning and organization skills
- Problem-solving
- Digital Lending
- Strong analytical skills
- Enterprise risk management
Job Types: Full-time, Permanent
Salary: ₦350,000.00 - ₦450,000.00 per month
Ability to commute/relocate:
- Lagos: Reliably commute or planning to relocate before starting work (Preferred)
Application Deadline: 31/05/2022
