Head of Risk Management at ParaQuick

Reports to: Managing Director/Head, Risk Management

Job Summary/Responsibilities

• Evaluating and reviewing of client’s credit proposal for approval or rejection based on credibility, potential revenue and losses to maintain a good balance between returns and risk exposures.
• Review of Credit Appraisal Memorandum (CAM) for Management and Board consideration and Approval
• Conducting credit search from an approved Credit Bureau
• Booking of loans in line with approved terms and conditions for the MD’s approval
• Proper documentation and updating of the loan files
• Follow up and monitoring of disbursed loans to ensure timely repayment
• Recovery of delinquent loans and advances
• New products development and review of existing ones
• Develop, review and update the bank’s credit policies.
• Organized in house training for the staff
• Render timely report to regulatory bodies (CBN, NDIC, e.t.c) when required
• Preparing monthly Portfolio AT Risk (PAR) with a summary of loan loss provision required.
• Provides leadership in the development of staff policies and training.

Qualifications and Experience

• MCP certification will be an added advantage.
• Experience: Minimum of 5 years in micro-finance bank sector.
• A Bachelor's Degree in any discipline;
• A post-graduate Degree in Business, Finance or Economics is an added advantage; and
• A minimum of ten (8) years cognate Banking experience.

Competencies and Qualities
To perform the job successfully, the candidate should demonstrate the following competencies and qualities:

• Must be performance driven, an excellent team player and effective implementer of organizational policies and procedures at the MfB;
• Must be enterprising and have self-driven personality with the ability to adapt and acquire new skills;
• Ability to translate knowledge of business needs into value propositions mutually beneficial to customers and the MfB;
• Ability to use modern banking tools and technology to drive the Bank’s operation to a highly successful level;
• Excellent leadership and communication skills;
• Ability to lead with integrity and be responsible for results;
• Highly attentive to details with excellent organisational and documentation skills;
• Strong fit to desired corporate culture and values and commitment to furthering the MfB mission and vision;
• Understands the needs of a going concern ownership transition, with willingness and ability to perform duties beyond the scope of work;
• Makes quality hiring decisions; forecasting staffing needs accurately and following the MfI hiring process through;
• Takes responsibility for subordinates’ activities and actions, makes self-available to staff, provides regular performance feedback, develops staff skills and encourages growth and continually work to improve supervisory skills;
• Strong corporate governance capabilities;
• Ability to measure and monitor the MfI’s performance to shareholders’ satisfaction; and
• Conserve the Bank’s resources and work within budget guidelines.
• A good starter or experience in Startup will be an added advantage.