Ivee Consulting provides expert solutions in manpower, event management, and real estate, driven by exceptional service and long-term partnerships.
We are recruiting to fill the position below:
Job Title: Risk and Credit Manager
Location: Lagos
Employment Type: Full-time
Job Description
- The Risk and Credit Manager (RCM) is responsible for managing and assessing the bank’s credit risk. This includes analyzing credit applications, developing risk management policies, and monitoring the bank’s risk exposure to ensure a healthy credit portfolio.
Key Responsibilities
- Develop and implement risk management policies and procedures.
- Conduct stress testing and scenario analysis to evaluate the impact of potential risks.
- Review credit limit requests to include: appropriateness of product type, overall level of credit extension, borrower’s ability to repay, loan package conforms to organizational standards, and affirmation of risk grade.
- Monitor various lending team portfolios or credit risk issues, including but not limited to: exception reporting, past dues, loan agreement compliance, trend analysis, and identification of emerging risks.
- Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate.
- Prepare timely, comprehensive and reliable credit risk reports to senior management and board on a regular basis.
- Ensure compliance with internal risk management policies and external regulatory requirements and provide training and support to staff on risk management practices.
- Work closely with other departments to ensure a comprehensive approach to risk management.
- Assist in the development of new credit products and services.
- Expected to ensure the efficient delivery of credit risk to promote an excellent customer experience both internally and externally.
- Review and analyze the delinquent portfolio to identify key causal factors, make recommendations and track them to ensure adequate and timely closure.
- Responsible for loan recovery, such as negotiating work out plans and strategies for delinquent customers and providing additional support with respect to exposures requiring collection agencies or legal action.
- Perform other duties as assigned.
Other Responsibilities:
- Monitor the monthly financial operations within the company (liquidity, payroll, invoicing, and other transactions).
- Review and analyze the delinquent portfolio, identify key causal factors, make recommendations, and ensure timely closure.
- Prepare timely and reliable credit risk reports for senior management and the board.
- Collaborate with other departments to ensure a comprehensive approach to risk management.
- Assist in the development of new credit products and services.
- Ensure compliance with internal risk management policies and provide training to staff on risk management practices.
- Manage loan recovery efforts, including negotiating work-out plans and strategies for delinquent customers.
- Monitor violations of credit policies, provide analysis, and present findings to senior management with recommended actions.
Key Performance Indicators (KPIs)
- Credit Application Turnaround Time: Average time taken to analyze and approve credit applications.
- Accuracy of Risk Assessments: Percentage of accurate risk assessments based on financial statements and credit reports.
- Implementation of Risk Policies: Success rate in developing and implementing risk management policies and procedures.
- Delinquency Management: Reduction in delinquent portfolio and success rate of loan recovery strategies.
- Compliance Monitoring: Number of violations of credit policies identified and resolved.
- Credit Risk Reporting: Timeliness and accuracy of credit risk reports prepared for senior management and the board.
- Regulatory Compliance: Adherence to internal risk management policies and external regulatory requirements.
- Frequency and effectiveness of staff training on risk management practices.
- New Product Development Support / Contribution.
- Cross department collaboration
- Risk Mitigation Plan Implementation, response time and and reduction of identified risk
- Effectiveness of Stress Testing: Accuracy and comprehensiveness of stress testing and scenario analysis.
- Credit Limit Review Efficiency: Timeliness and thoroughness of credit limit reviews.
- Portfolio Monitoring: Frequency and accuracy of monitoring lending team portfolios for credit risk issues.
- Customer satisfaction rating regarding credit risk management processes.
Requirements / Qualifications
- Education: Bachelor’s Degree in Finance, Economics, Business Administration, or a related field.
- A professional certification such as CIBN is preferred.
- Certification in Risk Management (e.g., FRM, PRM) is preferred.
- Experience: Minimum of 3-5 years of experience in risk management or credit analysis within the banking and technology industry.
- Excellent understanding of the link between risk and return
- Excellent ability to balance risk management with the strategic objectives of the organization.
- Good ability to detect the pause of the organization risk wide and redefine risk management activities to regulate the business.
- Excellent ability to turn risk management into a strategic tool for enhancing stakeholders’ value.
- Good knowledge of leading global practices and strategies in risk management.
- Strong analytical skills and proficiency in risk assessment tools and methodologies.
- Strong knowledge of risk management frameworks and credit risk analysis within the banking and technology industry
- Experience in stress testing and scenario analysis.
- Excellent attention to detail and ability to make sound judgments.
- Proficiency in Microsoft Office Suite and risk management software.
- Perfect understanding of current risk management methodologies
Salary
N600,000 – N700,000 monthly.
How to Apply
Interested and qualified candidates should send their Cover Letter and CV to: [email protected] using the Job Title as the subject of the email
Application Deadline 28th May, 2025.
