Head of Risk Management at Paraquick

Paraquick is a financial services provider in Lagos. Our Personal Loans and Micro-Business Loans are designed to conveniently meet your financial needs.

We are recruiting to fill the position below:

Job Title: Head of Risk Management

Location: Lagos
Reports to: Managing Director/Head, Risk Management

Job Summary/Responsibilities

• Evaluating and reviewing of client’s credit proposal for approval or rejection based on credibility, potential revenue and losses to maintain a good balance between returns and risk exposures.
• Review of Credit Appraisal Memorandum (CAM) for Management and Board consideration and Approval
• Conducting credit search from an approved Credit Bureau
• Booking of loans in line with approved terms and conditions for the MD’s approval
• Proper documentation and updating of the loan files
• Follow up and monitoring of disbursed loans to ensure timely repayment
• Recovery of delinquent loans and advances
• New products development and review of existing ones
• Develop, review and update the bank’s credit policies.
• Organized in house training for the staff
• Render timely report to regulatory bodies (CBN, NDIC, e.t.c) when required
• Preparing monthly Portfolio AT Risk (PAR) with a summary of loan loss provision required.
• Provides leadership in the development of staff policies and training.

Qualifications and Experience

• MCP certification will be an added advantage.
• Experience: Minimum of 5 years in micro-finance bank sector.
• A Bachelor's Degree in any discipline;
• A post-graduate Degree in Business, Finance or Economics is an added advantage; and
• A minimum of ten (8) years cognate Banking experience.

Competencies and Qualities
To perform the job successfully, the candidate should demonstrate the following competencies and qualities:

• Must be performance driven, an excellent team player and effective implementer of organizational policies and procedures at the MfB;
• Must be enterprising and have self-driven personality with the ability to adapt and acquire new skills;
• Ability to translate knowledge of business needs into value propositions mutually beneficial to customers and the MfB;
• Ability to use modern banking tools and technology to drive the Bank’s operation to a highly successful level;
• Excellent leadership and communication skills;
• Ability to lead with integrity and be responsible for results;
• Highly attentive to details with excellent organisational and documentation skills;
• Strong fit to desired corporate culture and values and commitment to furthering the MfB mission and vision;
• Understands the needs of a going concern ownership transition, with willingness and ability to perform duties beyond the scope of work;
• Makes quality hiring decisions; forecasting staffing needs accurately and following the MfI hiring process through;
• Takes responsibility for subordinates’ activities and actions, makes self-available to staff, provides regular performance feedback, develops staff skills and encourages growth and continually work to improve supervisory skills;
• Strong corporate governance capabilities;
• Ability to measure and monitor the MfI’s performance to shareholders’ satisfaction; and
• Conserve the Bank’s resources and work within budget guidelines.
• A good starter or experience in Startup will be an added advantage.

Application Closing Date
4th October, 2019.

How to Apply
Interested and qualified candidates should send their Resume and Cover Letter to: [email protected] using the "Job Title" as subject of the email.

Note

• Only shortlisted candidates would be contacted for further discussions
• Please ensure that you indicate job title as the subject of the mail.  Failure to comply would disqualify your application