Latest Jobs at FairMoney

• We seek a Credit Portfolio Manager to manage the institution’s credit portfolio , recommend and implement remedial actions to minimise losses and reduce the impact of PAR on the portfolio.

Requirements

• Education: Bachelor’s degree in any discipline including Risk Management, Finance, Business, Economics, or any other related field
• Experience: At least 7 years’ experience in Credit Portfolio Management within the Financial Services Industry
• Certifications: MCP, ACIB, ICAN, Data Analytics/ Science Certifications etc.
• Knowledge: Understanding of the business drivers and the strategic direction of the institution and role of risk management in achieving the objectives

Skills

• Effective people management skills
• Ability to come up with new ideas and a fresh perspectives.
• Ability to communicate both written and orally with all levels of the organisation/external parties.
• Ability to deliver results and meeting customer (internal and external) expectations

Core Accountabilities and Responsibilities

• Conducts a daily/weekly/monthly review of the loan book including the arrears position and advice management on the progress of collections/recovery.
• Deliver weekly and monthly collections and portfolio performance reports, including metrics such as collection rate, PAR ratio, loan bucket classifications and loan loss provisioning.
• Develop and prepare annual credit portfolio plan using historical data and projections.
• Monitor and coordinate all credit portfolio monitoring and management activities for all products.
• Identify and analyze non-performing loans with trend analysis and credit portfolio insights.
• Prepare CBN credit reports on monthly basis to determine loan loss provisioning in line with the prudential guidelines.
• Identify and advise on all delinquent accounts that require legal proceedings on a regular basis.
• Prepare regular credit reports for Senior management and Board to aid decision making.
• Ensure that all operational & credit portfolio policies and procedures are adhered to by all stakeholders.
• Develop and implement effective credit portfolio reports for all the different products to give insights to management for decision making.
• Using data analytics tools, prepare and analyze data to identify migration patterns, collection trend, delinquency trends, credit portfolio performance and develop action plans to address identified issues.
• Develop and execute strategic collection plans to reduce delinquency rates and enhance repayment/remittance.
• Ensure that all operational and credit procedures and controls are strictly adhered to, including the review of loan accounts and monitoring repayment patterns
• Prepare and present detailed dashboards, aging reports, and performance analytics to senior leadership, leveraging data insights on loan portfolio performance.
• Establish and maintain relationships with external collection agencies and other relevant service providers as needed
• Collaborate with cross-functional teams such as legal, finance, and customer service to resolve complex or escalated customer issues, relating to overdue accounts, and negotiation of repayment.

Key Performance Indicators

• Ensure PAR 30 of 10% for the pre-NPL book (1-90days) past dues for all MSMEs loan portfolio
• Ensure PAR 30 of 15% for consumer loan portfolio.
• Ensure collections rate of minimum of 90% for all loan types.
• Deliver weekly and monthly collections and portfolio reports, including metrics such as default rate, collection rate, PAR ratios, loan bucket classifications and prudential loan provisioning.
• Monitor collection processes and make recommendations for management action.

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• The Enterprise Risk Manager is responsible for developing, implementing, and overseeing the bank's Enterprise Risk Management (ERM) framework. This role involves identifying, assessing, monitoring, and reporting on all key risks across the organization to ensure that the bank's risk exposure is managed within its risk appetite. The Enterprise Risk Manager will work closely with senior management and the Board to foster a strong risk management culture and support strategic decision-making.

Requirements

• Conduct a daily/weekly/monthly review of the bank's overall risk profile, including operational, financial, strategic, and compliance risks, and advise management on the progress of risk mitigation efforts.
• Deliver weekly and monthly risk management reports, including metrics such as Key Risk Indicators (KRIs), risk appetite compliance, and the status of risk mitigation plans.
• Develop and prepare an annual enterprise risk assessment and plan using historical data, market trends, and projections.
• Monitor and coordinate all risk management activities for all products and business units.
• Identify and analyze emerging risks and trends, providing insights and recommendations to management.
• Prepare regulatory risk reports on a monthly basis to ensure compliance with prudential guidelines.
• Identify and advise on all high-risk areas that require immediate attention or legal proceedings on a regular basis.
• Prepare regular risk reports for Senior Management and the Board to aid in strategic decision-making.
• Ensure that all operational and risk management policies and procedures are adhered to by all stakeholders.
• Develop and implement effective risk reports for all the different products and business units to give insights to management for decision-making.
• Using data analytics tools, prepare and analyze data to identify risk patterns, trends, and the overall performance of the risk management framework, and develop action plans to address identified issues.
• Develop and execute strategic risk mitigation plans to reduce the bank's overall risk exposure and enhance resilience.
• Ensure that all operational and risk procedures and controls are strictly adhered to, including the review of risk registers and monitoring of risk mitigation plans.
• Prepare and present detailed dashboards, risk heat maps, and performance analytics to senior leadership, leveraging data insights on the bank's risk profile.
• Establish and maintain relationships with external risk management consultants, auditors, and other relevant service providers as needed.
• Collaborate with cross-functional teams such as legal, finance, and customer service to resolve complex or escalated risk-related issues.

Qualifications and Experience

• A Bachelor's degree in Finance, Economics, Business Administration, or a related field. A Master's degree or professional certification in risk management (e.g., FRM, PRM) is highly desirable.
• A minimum of 5-7 years of experience in enterprise risk management, preferably within the microfinance or banking sector.
• Proven experience in developing and implementing ERM frameworks.
• Strong knowledge of risk management principles, practices, and regulatory requirements.

Skills and Competencies

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in data analytics tools and risk management software.
• Ability to work independently and as part of a team.
• Strong leadership and influencing skills.
• High level of integrity and ethical standards

Key Performance Indicators

• Maintain the bank's overall risk exposure within the board-approved risk appetite.
• Achieve a target reduction in operational losses by a specified percentage annually.
• Ensure a minimum of 95% compliance with all regulatory risk management requirements.
• Deliver weekly and monthly risk management reports, including metrics such as KRI breaches, risk appetite monitoring, and the status of risk mitigation plans, with 100% accuracy and timeliness.
• Monitor risk mitigation processes and make recommendations for management action, with a target of 90% of recommendations being implemented.