Credit Risk Manager at Paradigm Finance Limited

Paradigm Finance is a CBN (Central Bank of Nigeria) approved finance Company that seeks a young and dynamic Credit risk Manager. Candidate will be responsible for performing in-depth credit analyses and making recommendations to Senior Management and the relevant Credit Committees based on financial statements and other sources of information for existing and prospective customers and the use of appropriate tools and standards to manage and mitigate credit and operational risk.

We are recruiting to fill the position below:

Job Title: Credit Risk Manager

Location: Lagos Island, Lagos
Employment Type: Full-time (Hybrid work model)

Key Responsibilities

• Process credit applications and make recommendations, highlighting all risk issues pertinent to the credit decision
• Justify credit decisions, both verbally and in writing
• Develop and maintain a sound 360-degree understanding of the client portfolio
• All files (including soft copy customer files), paperwork, and systems are maintained in line with the Company’s requirements, formats, and standards
• Pre-empt fraud detection challenges at the strategy and portfolio level and provide analytical/modeling solutions
• Utilize customer data to build risk segmentation and mitigation strategies
• Establish and monitor policies and procedures that will foster the company’s potential to meet its sales and risk management goals. Monitor and assess active accounts to reduce or prevent bad debt losses
• Communicate current policies and procedures to subordinates and other affected parties
• Assist in controlling costs associated with operating and collecting credits
• Actively support efforts to identify credit risk related issues and coordinate issues resolution management
• Serve as Credit Risk PMO to ensure timely prioritization, execution, and delivery of key projects and initiatives
• Produce key management reports and respond to ad hoc requests by managing consumer credit risk reporting resources
• Support Senior Management with consumer risk reporting needs
• Maintain all Consumer Risk Policies and Procedures and Monitor the risk of client portfolios to ensure they stay within the agreed parameters of the Credit Policy
• Manage cross-market as well as central/local credit risk activities.

Requirements

• Candidates should possess a minimum of Bachelor's Degree in Finance, Business, Economics, or other quantitative-related field is required. However, MBA or a Master’s degree in Economics, Mathematics, Statistics, or other quantitative related field is an added advantage.
• A minimum of 5 years credit risk experience gained within the financial sector.
• Must have a working knowledge of consumer credit risk management and must possess sound market and industry knowledge of the sector in which they specialize
• A good understanding of the key drivers of consumer loan/credit card financials and the underlying consumer behaviors that drive those financials.
• Proficiency with Microsoft Office (Excel, Access, Word, PowerPoint) applications; Experience in working with data and data manipulation tools may also be required.
• Ability to handle several complex tasks simultaneously and also coordinate key projects with a variety of stakeholders is essential.
• Good organizational skills with the ability to meet deadlines.
• Must possess great written and verbal communication skills
• Ability to effectively prioritize tasks, maintain timelines, and manage/plan workloads effectively.
• Demonstrated ability to work effectively in a team-oriented environment.
• Must have strong analytical skills to make deductions and meaning from rather complex and abstract situations and make sound decisions from them
• Strong attention to detail, quality, and accuracy.
• Ability to work under pressure and cope with stress in a coordinated and rational manner.
• Great interpersonal skills negotiate and influence people towards achieving a predetermined goal.

Remuneration
Based on experience.

Application Closing Date
4th November, 2022.