iRecharge Tech-Innovations Limited is an innovative financial services company committed to reshaping the future of banking by leveraging cutting-edge technology to provide innovative financial solutions. With a focus on excellence and operational efficiency, we strive to deliver a seamless banking experience for our customers.
We are recruiting to fill the position below:
Job Title: Risk and Credit Manager
Location: Lagos
Key Responsibilities
Develop and implement risk management policies and procedures.
Conduct stress testing and scenario analysis to evaluate the impact of potential risks.
Review credit limit requests, assessing the appropriateness of the product type, overall credit extension, borrower’s repayment ability, and loan package conformity to organizational standards.
Monitor various lending team portfolios for credit risk issues, including exception reporting, past dues, loan agreement compliance, trend analysis, and emerging risks.
Ensure efficient credit risk management to promote an excellent customer experience, both internally and externally.
Analyze the delinquent portfolio to identify causal factors, make recommendations, and track progress to ensure timely closure.
Manage loan recovery efforts, such as negotiating work-out plans for delinquent customers and coordinating with collection agencies or legal action when necessary.
Monitor violations of credit policies and provide analysis, conclusions, and recommendations to senior management.
Prepare comprehensive and reliable credit risk reports for senior management and the board on a regular basis.
Ensure compliance with internal and external risk management policies, and provide staff training on risk management practices.
Collaborate with other departments to ensure a comprehensive approach to risk management.
Assist in the development of new credit products and services.
Perform other duties as assigned.
Key Performance Indicators (KPIs)
Credit Application Turnaround Time: Average time taken to analyze and approve credit applications.
Accuracy of Risk Assessments: Percentage of accurate risk assessments based on financial statements and credit reports.
Implementation of Risk Policies: Success rate in developing and implementing risk management policies and procedures.
Risk Mitigation Plan Implementation: Response time and effectiveness in reducing identified risks.
Effectiveness of Stress Testing: Accuracy and comprehensiveness of stress testing and scenario analysis.
Credit Limit Review Efficiency: Timeliness and thoroughness of credit limit reviews.
Portfolio Monitoring: Frequency and accuracy of monitoring lending team portfolios for credit risk issues.
Customer Satisfaction: Rating of credit risk management processes.
Delinquency Management: Reduction in delinquent portfolios and success rate of loan recovery strategies.
Compliance Monitoring: Number of credit policy violations identified and resolved.
Credit Risk Reporting: Timeliness and accuracy of credit risk reports prepared for senior management and the board.
Regulatory Compliance: Adherence to internal risk management policies and external regulatory requirements.
Staff Training Effectiveness: Frequency and effectiveness of staff training on risk management practices.
New Product Development Support: Contribution to the development of new credit products and services.
Cross-Department Collaboration: Level of effective collaboration with other departments.
Requirements / Qualifications
Education: Bachelor’s degree in Finance, Economics, Business Administration, or a related field. A professional certification (e.g., CIBN) is preferred.
Certification in Risk Management (e.g., FRM, PRM) is preferred.
Experience: Minimum of 3-5 years of experience in risk management or credit analysis within the banking and technology industries.
Strong analytical skills with proficiency in risk assessment tools and methodologies.
In-depth knowledge of risk management frameworks and credit risk analysis, especially within banking and technology.
Experience in stress testing and scenario analysis.
Attention to detail and ability to make sound judgments.
Proficiency in Microsoft Office Suite and risk management software.
Thorough understanding of current risk management methodologies.
Strong ability to balance risk management with strategic organizational goals.
Skill in transforming risk management into a strategic tool for enhancing stakeholder value.
Application Closing Date
30th November, 2024.
How to Apply
Interested and qualified candidates should submit their Resumes, cover letters, and any relevant certifications to: [email protected] using the job title as the subject of the mail.