Credit Risk Analyst at La Fayette Microfinance Bank Limited

La Fayette Microfinance Bank Limited - As an international registered microfinance bank, La Fayette Microfinance Bank offers a complete range of financial services and means of payment for its customers, including savings accounts, current accounts and fixed deposit accounts.

Fully client oriented, La Fayette Microfinance Bank offers great flexibility, independence and financial security to help clients stay committed to their short and long term financial goals. Formally incorporated as La Fayette Microfinance Bank, the bank started full operation in February 2013 and has built a strong client base, serving clients from eight branch networks in Ibadan– Bodija, Challenge, Dugbe, Gbagi and Iwo road, Ogbomosho, Oyo and Saki towns, all strategically situated within close proximity to customers.

We are recruiting to fill the position of:

Job Title: Credit Risk Analyst

Location: Ibadan, Oyo
Planned Start Date: 01/12/2022

Main Responsibilities
Production:

• Analyzes and gives a motivated opinion on every credit file to be presented to LCM from N3 million. These tasks imply the following:
• Ensures that the file is complete (documents, appendix, etc.)
• Checks the source of information/data and their reliability.
• Checks the exactitude and accurateness of data and calculation.
• Checks the respect of the rules and methodology used.
• Checks the global consistency of data between themselves and according to sector/comparable activities.
• Checks and interprets the evolution of data, identify trends.
• Identify additional risks (fiscal, licenses, contracts, etc.)
• Exchanges information with CO in order to complete LAF
• Checks – with HNP – that procedures of credit risk follow-up and monitoring is respected (quality and frequency of post-disbursement visits).

Analysis:

• Periodically analyzes quantitatively and qualitatively the loan portfolio of Advans Nigeria (sector concentration, product concentration, etc.)
• Periodically perform default/PAR studies, measuring in particular the impact of collateral, members of LCM and other on risk exposure.
• Makes recommendations (training, process, procedures, etc.) in order to improve the quality of analysis.
• Constitutes a database enable the Bank to build comparison/reference criteria between companies from the same sectors.
• Proposes evolution in the policy, process, procedure, methodology, LAF, products, collateral, related to the risks identified.
• Intervenes, if requested to, on certain cases of recovery.

Control:

• Controls loan files based on tangible elements.
• Informs directly MD/CEO/HNP in case of serious violations, in order for the management to take appropriate steps.
• Other duties as assigned by the Chief of Risk.

Profile
Persons Specification:

• Educational Experience: B.Sc. / HND in any discipline. Professional Qualification will be an advantage.
• Work Experience: Applicant must have minimum of two (2) years work experience as a credit risk officer prefferably in a finance institution.

Skills:

• High-level proficiency in written and spoken English
• Good knowledge of regulatory requirements around credit risk and control management for MFIs.
• Good command of MS PowerPoint, and general knowledge of MS Office software package.
• A high degree of professionalism, maturity, and confidentiality.
• Oral and written communication.

Application Closing Date
Not Specified.