Credit Risk Manager at Paelyt

Location: Lekki Pennisula, Lagos

Summary

• The Credit Risk Manager will develop, implement and maintain credit policies and procedures to alleviate losses and maintain capital.

Job Responsibilities

• Develop, implement and maintain the credit risk policy, procedures and systems
• Clearly define the risk acceptance criteria for the different products and services
• Improve the quality (timeliness, process, cover, etc.) of the credit appraisal process
• Support the execution of credit related processes to identify potential financial, operational, regulatory/compliance and reputational risks
• Review and approve credit related waivers
• Monitor and flag violations of credit policies
• Proactively identify problem accounts and make timely recommendations for remedial action
• Analyze and report delinquent accounts
• Improve recovery rate
• Ensure the company achieves its bad debt, non-performing loans targets and meets other credit risk performance related key performance indicators.
• Liaise with appropriate regulatory authorities with respect to credit risk management activities
• Lead the implementation of credit related business rules during workflow or system automation (Core Banking Application inclusive)
• Coach all stakeholders with respect to credit risk management policies, practices and standards
• Play lead role in projects to collect data, analyze data and automate credit decision making
• Prepare timely, comprehensive and reliable credit risk reports to stakeholders at all levels
• Provide projections on the impact of credit exposures on the company’s future profitability
• Make recommendations to management to address identified weaknesses in the company’s credit policies and practices
• Develop and manage the departmental budget and contribute actively to the preparation of the company wide budget
• Manage and supervise subordinates in the achievement of the department’s goals
• Other task assigned to you from time to time based on business priorities.

Required Qualification

• First Degree or equivalent in numerate related discipline.
• Postgraduate/professional qualification in a numerate field will be an added advantage.
• Minimum of eight (8) years’ relevant work experience, with at least two (2) years in a managerial role, leadership and credit risk management.

Skills:

• Good knowledge of the finance industry
• In-depth understanding FinTech business and products
• E-experience in the areas of credit risk management
• In-depth credit analysis and risk assessment skills
• Hands-on experience with key stakeholder engagements and deal closure
• Excellent leadership skills
• Strong strategic and analytical orientation
• Highly developed collaborative nature
• Attention to details
• Good management abilities.
• Knowledge of finance, accounting, budgeting, and cost control principles
• Ability to analyze financial data and prepare financial reports, plans, and projections.

Abilities:

• Financial Management and Analysis
• Credit and Risk Assessment
• Relationship Management Skill
• Teamwork
• Communication Skills – Written and Oral
• Digital Literacy
• Problem Solving
• Service Orientation
• Quality Assurance.