Credit Risk Manager at DavoDani Microfinance Bank

DavoDani Microfinance Bank Lagos is a product of the buy-over of a defunct unit MFB incorporated in 2008. In 2014, new owners led by Prince Austin Enajemo-Isire acquired the unit-licensed MFB and changed the name to DavoDani Microfinance Bank Limited Lagos and continued as a unit MFB. After a process of rebirth, turnaround, and recapitalization, the bank grew its depleted operating capital of N5.4m due to losses at the time of acquisition, to N100m in 2015.

DDMFB has since rebranded with a new corporate identity and boasts of seasoned and distinguished professionals from diverse backgrounds in the Executive Management team. The bank is driven by a board of directors comprising renowned and well-experienced professionals with different backgrounds, experiences, skills, and competencies both in the private and public sector; providing continuous robust oversight functions to management for the growth and development of the bank.

We are recruiting to fill the position below:

Job Title: Credit Risk Manager

Location: Lagos
Employment Type: Full-time

Responsibilities

• Planning, designing, implementing & managing the overall risk management process for the bank
• Monitor the business development for emerging risks and recommend policies and procedures to improve the risk management process
• Facilitate the identification, assessment, measurement, monitoring, controlling, and reporting of the level of risks
• Maintain oversight over the bank’s enterprise risk management activities
• Ensures proper documentation of credits by adhering to set documentation standards and procedures
• Define credit approval framework and recommend credit approval limits in line with the banks’ policy
• Analysis and appraisal of Individual credit requests under approved policies and procedures
• Conduct periodic stress tests and scenario analyses, assessing the impact on the Bank’s credit portfolio and make appropriate recommendations to senior management for appropriate action
• Support the loan remediation team, in negotiating workout plans and strategies for delinquent customers
• Monitor violations of credit policies, and provide analysis, conclusion, and recommendations
• Prepare timely, comprehensive, and reliable credit risk reports to senior management and the board regularly
• Responsible for monitoring and classifying portfolios
• Analyze credit data to determine the risk of extending credit or lending money on every transaction.
• Responsible for researching to monitor market trends, assess risk severity, and make adequate forecasts for product and policy development.
• Prepare a detailed written credit summary of commercial applicants requesting credit
• Support business unit goals by continuous identification of process improvements and efficiencies that reduce costs and improve customer service level
• Evaluate risk business decisions and make recommendations
• Provide support, education, and training to staff to create risk awareness
• Enforce regulatory compliance in line with company procedures, policies, external regulatory bodies, and industry best practices.

Requirements

• Bachelor's Degree in Business Administration, Economics, Accounting etc.
• Professional affiliation or membership with relevant institutions
• Minimum of 5 years relevant work experience in Risk Analysis, Auditing, Internal Control, and related fields
• Evidence of completion of the Microfinance Certification program
• Ability to foster a cooperative work environment
• Ability to work with minimal supervision
• Good analytic, report writing, and problem-solving skills
• Good understanding of the business process.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.