Credit & Risk Officer

4 weeks ago

Lagos, Lagos, Nigeria Mkobo Microfinance Bank Limited Mkobobank Full time

Qualifications

WHAT WE ARE LOOKING OUT FOR:

  • Minimum of HND or Degree in Finance, Accounting, Economics, Business Administration etc. from a reputable University or Polytechnic.
  • Minimum of 3-4 years working experience in Credit, Loan and Asset Recovery activities.
  • Hands-on experience working in a Microfinance and/or FINTECH space
  • Strong planning, organizational and time management abilities
  • Experience in database Management.
  • Experience is recovery.
  • Post graduate degree or MCIB is an added advantage
  • Minimum of two 2 years' experience in a similar role at a MFB or Financial institution
  • Awareness of emerging and innovative credit risk assessment specifically social scoring, alternative credit scoring and big data analytics tools.

Job Responsibilities

  • Work with Unit Head in Planning, designing implementing & managing the overall risk management process for the bank by developing the risk management framework, policies, processes, procedures and reporting standards that define the bank's risk strategy and appetite in line with its overall business objectives
  • Monitor the business development for emerging risks and recommend policies and procedures to improve the risk management process
  • 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 the level of risk.
  • Work with Unit Head to provide support, education and training to staff in order to create and increase risk awareness
  • Ensures proper documentation of credits by adhering to set documentation standards and procedures
  • Ensure the approved credit framework and recommend credit approval limits in line with banks' policy is adhered
  • Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines
  • Conduct periodic stress tests and scenario analysis, assessing the impact to the Bank's credit portfolio and make appropriate recommendations to senior management for appropriate action
  • Review and analyse the delinquent portfolio to identify key causal factors, make recommendations and track them to ensure adequate and timely closure
  • Responsible for loan recovery, such as negotiating work out plans and strategies for delinquent customers and provide additional support with respect to exposures requiring collection agencies or legal action
  • Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate
  • Prepare timely, comprehensive and reliable credit risk reports to senior management and board on a regular basis
  • Carry out any other task as required from time to time.
  • Monitor NPL and ensure proper follow-up.
  • Review and track department risk exposure and make recommendations

Job role

  • The primary purpose of this position centres on ensuring the Bank's operations are properly designed, documented and managed. The positions covers:
  • Risk Management credit risk Analysis
  • Debt Repayment
  • Asset/Collateral Recovery and Maintenance
  • PAR Portfolio at Risk and Credit Monitoring
  • NPL Non Performing Loans and PDO Past due Obligations review and recovery
  • In-depth knowledge of Debt/Asset Recovery Policies.

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