Head of Credit Risk at Baobab Microfinance Bank

Baobab Microfinance Bank is the leading digital financial inclusion group focusing on serving individuals, micro and small businesses in Africa and China. Our mission is to unleash the potential of our clients offering them simple and easy to use financial services. Founded in 2005 as Microcred, today Baobab has over a million customers and 3,800 employees operating in Burkina Faso, China, Democratic Republic of Congo, Ivory Coast, Madagascar, Mali, Nigeria, Senegal, etc

We are recruiting to fill the position below:

Job Title: Head of Credit Risk

Location: Yaba, Lagos
Employment Type: Full-time

Mission

• The Credit Risk Manager is a senior position responsible for overseeing and managing the credit risk function. He will oversee the protection of the Bank against excessive credit-related losses, ensuring that lending activities remain both profitable and compliant with regulatory standards, while effectively mitigating credit risk.

Responsibilities

• Risk Assessment: Analyzing and evaluating the creditworthiness of borrowers, assessing their ability to repay loans or credit lines.
• Policy Development: Establishing and implementing credit policies and procedures to ensure adherence to regulatory requirements and internal guidelines.
• Portfolio Management: Managing the overall credit portfolio, including monitoring exposure levels, diversification, and concentration risk.
• Collaboration with Sales and Relationship Management Teams: Working closely with sales and relationship managers to understand client needs and provide guidance on credit structures.
• Credit Underwriting: Overseeing the process of evaluating and approving or declining credit applications, ensuring they meet established criteria.
• Stress Testing and Scenario Analysis: Conducting stress tests and scenario analyses to assess the impact of adverse economic conditions on the credit portfolio.
• Risk Monitoring: Continuously monitoring credit exposures, identifying emerging risks, and taking proactive measures to mitigate potential losses.
• Credit Reporting and Analysis: Generating and presenting reports on credit risk metrics, trends, and performance to senior management and relevant stakeholders.
• Regulatory Compliance: Ensuring compliance with relevant regulatory requirements and industry best practices related to credit risk management.
• Team Leadership and Development: Managing a team of credit analysts and professionals, providing guidance, training, and mentorship.
• Communication and Collaboration: Collaborating with other departments, such as finance, compliance, and legal, to ensure a holistic approach to risk management.
• Decision-Making: Making critical decisions regarding credit approvals, risk mitigation strategies, and portfolio adjustments.
• Strategic Planning: Participating in the development of the institution's overall risk management strategy, aligning it with broader organizational goals.
• Relationship Management: Building and maintaining relationships with external credit agencies, regulators, and industry peers.
• Vendor and Technology Oversight: Managing relationships with credit data providers, technology vendors, and ensuring the adequacy of underwriting tools and systems.
• Problem Solving: Addressing credit-related issues and challenges, finding innovative solutions to complex problems.
• Performance Evaluation: Establishing key performance indicators (KPIs) to measure the effectiveness of credit risk management efforts and drive continuous improvement.

Preferred Qualifications

• BSc / BA / HND in Finance, Accounting, Economics, Mathematics, Statistics, Engineering, etc.
• Members of professional bodies like; ACCA, ICAN, CIBN, ERM, etc.
• Additional certificates will be an added advantage

Requirements:

• 8 years of work experience in credit management, risk management, or as head of a sector/unit in credit management
• Good understanding of microfinance lending methodology with at least 5 years in the industry.
• Must have a thorough knowledge of credit, recovery, risk policies, procedures, standards, processes, and all risk management-related tools and IT support systems.
• Good valuation of collateral and coverage
• Excellent understanding of Microsoft Excel and PowerPoint
• Professional, ethical, and discretion when dealing with confidential information.

Application Closing Date
30th September, 2023.

Method of Application
Interested and qualified candidates should send their application to: ng.recruitment@baobabgroup.com using the job title as the subject of the mail.