Risk Management Officer at The Development Bank of Nigeria (DBN)

Summary

• The Risk Officer will work closely with the HRM and operations department to ensure effective and efficient implementation of ICGL’s risk management framework, including review of the framework and analyzing of guarantee application & origination as well as claims processing involving PFIs' MSME lending and monitoring of portfolio under guarantee.
• He/she will be responsible for assessing, rating, recommending, monitoring and reporting on guarantee operations, financial, strategic and risks compliance that ICGL faces in delivery of its mandate.
• He/she will also assist the risk department in the assessment and monitoring of the credit risk of ICGL’s counterparties, including partner financial institutions, issuers of investment instruments etc. The incumbent will take on a variety of strategic responsibilities helping to shape ICGL’s risk operations

Responsibilities

• The Risk Officer shall work closely with the CRO to identify and analyze the areas of potential risks threatening the assets, earning capacity and success of ICGL’s operations.
• Collaborate with operations department to perform guarantee applications review, post guarantee review, guarantee monitoring, guarantee claim process review and claims refund activities & implementation.
• Perform regular and delinquency audits to monitor ICGL’s exposure to non-performing guaranteed loans and manage and mitigate credit risk.
• Liaising with internal and external stakeholders in assessing and providing independent assurance of the adequacy, appropriateness and effectiveness of ICGL’s overall risk management framework, policy and implementation plan.
• Review the presentations of guarantee proposals ensuring that all the information necessary for decision-making are well captured in the proposal.
• Evaluate due diligence recommendation report including risk evaluation and advise management on cooperation with PFIs.
• Evaluate guarantee application received from prospective PFIs to establish the creditworthiness of the PFI, and identify the risks and opportunities in developing a partnership with the PFI and to establish the base to develop a path for the guarantee cooperation including the intensity of the guarantee assessment.
• Review guarantee appraisal of loans to be placed under guarantee to determine the Risk Acceptance Criteria and advise management on key findings.
• Conduct periodic portfolio monitoring on guarantee operations and credit risk to ensure performance & compliance.
• Review and appraisal of guarantee claims application with recommendation on whether to approve the guarantee claim or to reject.
• Review and monitor claims refunds report status quarterly and initiate random file audits to ensure proper handling by the PFIs.
• Develop and maintain strong relationships with key stakeholders. • Regularly participate in team meetings and carry out any other duties as may be required

Qualifications

• A good bachelor’s degree from a reputable university.
• A relevant post graduate degree is an added advantage.
• relevant professional membership is an added advantage.
• Minimum of 5 years relevant professional work experience.