Credit Risk Manager

Responsibilities:

Policy Development & Implementation:

• Create and refine credit policies to ensure that lending practices align with the company’s risk appetite and regulatory requirements.
• Develop Credit Risk Management Strategies and guidelines that include (but are not limited to such as) credit limits for various categories of borrowers based on their risk profiles.
• Develop credit scoring models to quantify the risk level associated with lending to specific clients or sectors. Software that can enhance this can be integrated
• Monitor adherence to company-wide credit risk guidelines, adjusting as necessary to reflect changes in the market or business strategy.
• Conduct stress testing to evaluate how market changes (e.g., interest rates, economic downturns) could affect borrowers’ ability to repay loans.

Credit Risk Assessment:

• Analyze the creditworthiness of individuals or companies by reviewing financial statements, credit history, and other relevant information.
• Approve or decline credit applications highlighting all risk issues pertinent to the credit decision

Risk Monitoring & Reporting:

• Continuously monitor the performance of the credit portfolio, tracking delinquency rates, loan performance, and changes in borrower profiles.
• Provide regular reports to senior management on key credit risk indicators and emerging risks within the credit portfolio.
• Implement early warning systems to detect potential credit risks before they materialize into losses.

Regulatory Compliance:

• Ensure compliance with regulatory requirements, such as those set by financial authorities and regulators such as CBN
• Stay updated on new regulations affecting credit risk management and adjust internal practices to remain compliant.
• Ensure all statutory returns are made on time 

Risk Mitigation Strategies:

• Develop and implement mitigation strategies, such as loan restructuring, additional collateral requirements, etc to minimize potential losses.
• Work with collection teams to manage delinquent accounts, develop recovery strategies, and reduce non-performing loans (NPLs).

Collaboration & Stakeholder Management:

• Collaborate with sales, and other relevant teams to ensure that risk management is integrated into lending practices without stifling growth opportunities.
• Advise senior management and the board on credit risk matters and recommend actions based on evolving risk conditions.

Data & Technology Utilization:

• Leverage advanced data analytics and technology (e.g., machine learning, artificial intelligence) to enhance the credit risk assessment process and improve decision-making.
• Adopt credit risk management systems to automate risk assessments, track exposures, and generate insightful reports.

Team Leadership & Development:

• Lead and mentor credit risk analysts, ensuring the development of their skills and knowledge in risk management.
• Foster a risk-aware culture within the organization by promoting awareness of credit risk best practices.

Qualifications & Skills:

• Educational background in finance, economics, or a related field.
• Experience in credit analysis, financial modeling, and risk management in the financial services industry.
• Strong knowledge of regulatory frameworks governing credit risk.
• Proficiency in using risk assessment tools and financial software.
• Excellent analytical and problem-solving skills to make informed decisions.
• Strong communication and stakeholder management abilities.
• 5 years’ Experience

Remuneration: NGN 600,000 Net