Credit & Risk Officer at MKOBO Microfinance Bank Limited

MKOBO is a fully licensed Microfinance bank by the Central Bank of Nigeria (CBN) in Lagos, Nigeria. MKOBO was conceived to help solve consumers’ need for access to short-term emergency credit. Our goal is to provide access to short term unsecured loans, which is easily accessible. We cater to the demography currently undeserved by the Commercial banks in our aim to help increase financial inclusion of the Nigerian population.

We are recruiting to fill the position below:

Job Title: Credit & Risk Officer

Location: Lagos, Nigeria
Employment type: Full Time
Job function: Risk Management
Workplace Type: Onsite

Job Responsibilities

• Work with Unit Head in Planning, designing implementing & managing the overall risk management process for the bank by developing the risk management framework, policies, processes, procedures and reporting standards that define the bank’s risk strategy and appetite in line with its overall business objectives
• Monitor the business development for emerging risks and recommend policies and procedures to improve the risk management process
• Developing methods to generate a robust system to identify, monitor, manage and control credit, market and operational risks.
• Facilitate the identification, assessment, measurement, monitoring, controlling and reporting the level of risk.
• Work with Unit Head to provide support, education and training to staff in order to create and increase risk awareness
• Ensures proper documentation of credits by adhering to set documentation standards and procedures
• Ensure the approved  credit  framework and recommend credit approval limits in line with banks’ policy is adhered
• Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines
• Conduct periodic stress tests and scenario analysis, assessing the impact to the Bank’s credit portfolio and make appropriate recommendations to senior management for appropriate action
• Review and analyse 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 provide additional support with respect to exposures requiring collection agencies or legal action
• 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
• Carry out any other task as required from time to time.
• Monitor NPL and ensure proper follow-up.
• Review and track department risk exposure and make recommendations

The primary purpose of this position centres on ensuring the Bank’s operations are properly designed, documented and managed. The positions covers:

• Risk Management (credit risk Analysis)
• Debt Repayment
• Asset/Collateral Recovery and Maintenance
• PAR (Portfolio at Risk) and Credit Monitoring
• NPL (Non Performing Loans) and PDO (Past due Obligations) review and recovery
• In-depth knowledge of Debt/Asset Recovery Policies.

Qualifications
What we are looking out for:

• Candidates should possess an HND or Degree in Finance, Accounting, Economics, Business Administration etc. from a reputable University or Polytechnic.
• Must have 3-4 years working experience in Credit, Loan and Asset Recovery activities.
• Hands-on experience working in a Microfinance and/or FINTECH space 
• Strong planning, organizational and time management abilities
• Experience in database Management.
• Experience is recovery.
• Post graduate degree or MCIB is an added advantage
• Minimum of two (2) years’ experience in a similar role at a MFB or Financial institution
• Awareness of emerging and innovative credit risk assessment specifically social scoring, alternative credit scoring and big data analytics tools.

Must have skills:

• Critical thinking & solution oriented
• Good Analytical skill
• Proficient English Skills in writing and speaking
• Impact analysis and measurement
• Debit repayment proficient with MS Office

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online