Portfolio Risk Analyst at the Concept Group

The Concept Group is a holding company for companies established in 1992. Subsidiaries under the Group include: Rosabon Financial Services - Nigeria’s Leading Financial Intermediary and Equipment Leasing Company, Concept Nova - Bespoke Enterprise IT Solutions Company,Percy Aitkins - Bureau De Change.

We are recruiting to fill the position below:

Job Title: Portfolio Risk Analyst

Location: Lagos
Employment Type: Full Time

Job Description

• The Portfolio Risk Analyst will determine risks and opportunities within credit portfolio processes and strategy, conduct risk analysis, track trends, understand risks associated with all product portfolios, and create corresponding reports on projects, documenting the same accordingly to present to senior management.
• He / she is also responsible for overseeing the credit collection unit, ensuring that appropriate steps are taken to collect payments on debts, all payment data are well recorded, and subsequently, using the generated data to perform the necessary analysis and provide corresponding reports.

Duties & Responsibilities

• Analyses transactional risk measures including defaults, correlations and stress losses to enhance concentration risk views.
• Estimates the probability of defaults, and loss given default to validate risk parameters (PD, LGD, EAD/CCF) calculated for internal credit risk management.
• Identifies adjustments required to risk parameters (PD, LGD, EAD/CCF) calculated for internal credit risk management.
• Analyses and monitors the company’s lease portfolio.
• Assessing all other credit risks and making recommendations.
• Periodically analyses quantitatively and qualitatively the loan portfolio of the company based on sector concentration, volume concentration, product concentration, etc.
• Periodically performs default/principal at risk assessment, measuring the impact of guarantors/collaterals and the impact of group loans on risk exposure.
• Monitors compliance with credit and risk policies of the company.
• Prepares reports on analytics of portfolio performance, emerging trends, and areas of opportunity.
• Prepares comprehensive report on all repossessed lease assets identifying principal outstanding, loan-asset value, number of rentals outstanding, date asset is expected to be disposed and estimation of depreciation in asset value.
• Mitigates credit risk exposure related to portfolio management activities.
• Prepares report on probability of default using information from direct debit, cheque lodgment report and returned cheque report
• Suggests initiatives to ensure consistency and compliance with credit policies and improve credit qualities.
• Proposes evolutions in the policy, process, procedure, methodology, and collaterals related to the risk identified.
• Makes recommendations for process improvement, addressing gaps and areas for additional or improved reporting and data.
• Responsible for training the department on identified trends and recommendations.
• Responsible for compiling and evaluating information needed to collect delinquent accounts, supervises field collections and perform other collection duties as required.

Qualifications / Requirements

• A Bachelor's Degree in Accounting / Finance, or a related field.
• Advanced degrees, certifications and/or professional membership will be an added advantage
• Minimum of 5 years working in a similar field, with cognitive experience as a Portfolio Risk Analyst.
• Good understanding of industry laws and regulations
• Excellent organizational and leadership skills
• Ability to present and communicate analysis and recommendations
• Ability to measure financial data to evaluate financial performance and position

Competencies:

• Ability to review, analyze, and report credit and risk activities and data in a way that is easily understood to make better decisions.
• Ability to identify gaps within the credit policies

Application Closing Date
2nd August, 2024.

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