Head, Credit Risk Management at a Leading Microfinance Bank

A lead player in the Microfinance sector is recruiting suitably qualified candidates to fill the position below:

Job Title: Head, Credit Risk Management

Location: Abuja (FCT)
Employment Type: Full-time

Job Description

• 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(fulfilling conditions for disbursement or deferrals obtained)
• Responsible for providing support, direction, credit information, and loan policies and procedures to ensure the overall quality of the Bank's lending portfolio
• Monitor the strict adherence to credit related regulations (Single obligor limits, aggregate large exposures etc)
• Timely review and approval/rejection of credit requests
• Perform reviews for renewals/assessment of existing facilities performance and other credit related requests
• Monitor the attainment of approved standards on credit portfolio management
• Provision of information requested by regulatory and rating agencies
• Value addition to credit requests: Identifying critical risks in credit requests and providing alternative routes by restructuring the request to make it viable
• Preparation and rendition of all credit risk reports (unit’s weekly and monthly reports, credit exposures, performing and default loans etc)
• Perform risk acceptance evaluation and assign risk rating in line with approved risk classification guidelines
• Ensures proper documentation of individual exposure by adhering to set documentation standards and procedures
• Define credit approval framework and recommend credit approval limits in line with bank policy
• Oversee the realization of securities on lost facilities (Loan loss provision coverage)
• Identification of knowledge gap and skill need within the unit and communicating to HR unit
• Effective training of subordinates to achieve business continuity in the absence of the unit head
• Calculating the Allowance for Loan and Lease Loss Reserve (ALLL) and making recommendations to executive management and the Board of Directors for monthly allocations to the Loan Loss Reserve.
• Performs direct supervisory duties of department staff, and coordinates staff for coverage in all related areas of the unit.
• Reviews and approves/declines large and complex loans prior to submission to management

Application Closing Date
7th September, 2023.