13 hours ago
Job title : Credit Risk Officer
Job Location : Lagos
Deadline : November 21, 2024
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Key Responsibilities:
- Identifying risk in portfolios, provide intelligence, report anomalies and make recommendations.
- Responsible for gathering and analyzing financial data about clients following requests.
- Responsible for monitoring and classifying portfolio.
- Analyzing credit data to determine the degree of risk involved extending credit or lending money on every transaction.
- Responsible for conducting research to monitor market trends and assess severity of risk and make adequate forecasts for product and policy development.
- Preparing a detailed written credit summary of commercial applicants requesting credit by analyzing the business, interpreting the finance need, identifying the strengths and prevailing risk factors and rendering a final credit decision.
- Supporting business unit goals by continuous identification of process improvements and efficiencies that reduce costs and improves customer service level.
- Engaging the management team on prioritizing and implementing approved actions.
- Evaluating risk business decisions and making recommendations.
- Analyzing risk information and producing standard risk reporting for management meetings.
- Communicating with management teams to confirm execution of company processes.
- Implementing improved and approved credit measures and policies.
- Continuous self-development through upgrading of skills, punctuality, personal effectiveness on assigned tasks.
- Ensuring regulatory compliance.
Key Result Area (KPIs-Outcomes)
- Transaction Execution
- Risk / Loan Analytics
- Financial Analysis
- Underwriting
- Research on Market Trends
- Probability of default (PD) & Exposure at Default (EAD)
- Regulatory Compliance
- Risk Factors and Implications
- Adherence to Process (Risk Management policies & process)
- Status Report
Key Skills and Competencies
- Operational and technical capabilities
- Leadership/Administration
- Knowledge of information system, core banking application and credit workflow process
- Knowledge of use of Microsoft Office Suite
- Data entry, processing and interpretation skills
- Financial management and analysis
- People, organizational and leadership skills
- Time management skills
- Knowledge of financial/business analysis techniques
- Strong interpersonal and communication skills and the ability to work effectively with a wide range of constituencies in a diverse community
- Skill in organizing resources and establishing priorities
- Strategic planning and advanced leadership skills
Education and Experience
- Minimum of 5+ years similar experience as a Credit Risk Officer.
- Bachelor’s degree in Business Administration, Economics, Accounting etc.
- Minimum performance rating of 85%
- Ability to foster a cooperative work environment
- Ability to work with minimal supervision
- Good analytic, report writing and problem-solving skills
- Good understanding of business process
How to Apply for this Offer
Interested and qualified candidates should send their up-to-date CV to: [email protected]
- Accounting / Financial Services jobs