Credit & Risk Officer
1 week ago
Job Summary: We are seeking a highly skilled Risk Management Specialist to join our team. The primary purpose of this position is to ensure the bank's operations are properly designed, documented, and managed.
Job Role Description:
- Oversee the planning, designing, implementing, and managing of the overall risk management process for the bank.
- Monitor emerging risks and recommend policies and procedures to improve the risk management process.
- Develop 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 risk levels.
- Work with senior management to provide support, education, and training to staff in order to create and increase risk awareness.
- Ensure 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 the bank's policy.
- Analyze and appraise individual credit requests in accordance with approved policies and procedures.
- Conduct periodic stress tests and scenario analysis to assess the impact on the bank's credit portfolio and make recommendations to senior management.
- Review and analyze 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.
- Monitor violations of credit policies, provide analysis, and make recommendations to senior management.
- Prepare timely and comprehensive risk reports to senior management and the board on a regular basis.
- Carry out any other task as required from time to time.
- Monitor non-performing loans and ensure proper follow-up.
Key Responsibilities:
- Risk management and credit risk analysis.
- Debt repayment and asset recovery.
- Portfolio at risk and credit monitoring.
- Non-performing loans and past due obligations review and recovery.
- Knowledge of debt recovery policies.
Requirements:
- 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.
- Postgraduate degree or MCIB is an added advantage.
- Minimum of two 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.
Company Overview: We are a leading financial institution committed to providing exceptional banking services to our customers. Our mission is to deliver innovative solutions that meet the evolving needs of our customers.
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