Posted on Mon 18th Mar, 2024 - hotnigerianjobs.com --- (0 comments)
Cellulant is Africa’s no.1 company in the payments & transfers category - FIntech Awards 2016. We are a PPISP (Payment Platform Infrastructure Service Provider) regulated by the Central Bank of Nigeria (CBN) and insured by Nigerian Deposit Insurance Corporation (NDIC).
We are recruiting to fill the position below:
Job Title: Principal, Card Business & Payments Credit Risk
Location: Nigeria
Employment type: Full time
Summary
The role holder will be in charge of managing risks across the card payments value chain and managing payments credit risks.
The role holder should have experience in a card payments environment preferably having dealt with card schemes and regulators.
The role holder will own card business risk and payments credit risk and will be accountable for these risks to senior management.
Core Responsibilities
Card Business Risk:
Periodic Review of and reporting on existing merchants to ensure compliance with card scheme rules and regulations
Review of all merchants to ensure compliance to card scheme requirements
Analysis of chargeback exposure and merchant settlement timing
Own the identification and closure of all risks associated with card acquiring
Ensure compliance of Cellulant’s card business to card scheme rules and applicable regulations
Be the central point of contact for all card scheme rules and regulations
Track any changes to e-commerce card acquiring rules & regulations and circulate internally for closure
Own the implementation of card Compliance Management Program
As part of the product development for all products that touch on card acquiring, you will ensure all risks have been adequately addressed
Partner with cross-functional teams to design and implement mitigative controls on the identified risks
Payments Credit Risk:
Identify possible credit risks that clients’ payment or settlement terms may pose to Cellulant while providing recommendations and escalations to mitigate such risks
Own the roadmap for identification, assessment and applying controls of credit risks from merchants’ , partners’ or counterparties' payment, settlement or payout terms
Design and cascade governance policy and process around the control of credit risks from merchants’ or partners’ payment, settlement or payout terms and other products or applicable areas . Partner with cross-functional teams to design and implement mitigative controls on the identified risks
Assess the overall credit risk standing of Cellulant and its counterparties by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
Design credit risk concentration indicators and default indicators by counterparties in accounts receivables. Ensure periodic review of these indicators to senior management.
Develop and implement risk management strategies to minimize losses due to credit defaults
Monitor key credit risk indicators and provide insights to senior management
Conduct regular reviews of credit policies and procedures to ensure compliance with regulatory requirements
Provide recommendations for process improvements and efficiency gains
Internal Control:
Conduct research to assess business risks and liaise with the various Groups to identify potential risks and create controls to mitigate them
Ensure effective and optimal internal controls are embedded across the enterprise.
Review of Controls in Systems, Processes and the Environment
Control Design and Testing Techniques
Control Monitoring and Maintenance
Product/Service Knowledge and Assessment/Review.
Qualifications
A Bachelor's Degree in fFinance, Business Administration, Accounting, Information Technology or any other relevant field.
A Masters Degree or certifications in Risk Management and Internal Controls is an advantage.
Must Have Experience:
Demonstrable in depth knowledge of credit and liquidity risks in the Commercial Payments business
Demonstrable in depth knowledge of ecommerce card transactions and Visa/Mastercard scheme rules and applicable regulations strongly preferred
Experience with online/card not present merchants in electronic/digital commerce channels
Ability to work with and influence senior management regarding risk and compliance issues
Process orientation with a desire to improve processes and drive efficiencies
Strong conceptual and quantitative problem-solving skills
Ability to work across business lines to drive business decisions.
Experience with managing card payments risk
Experience in a payments environment preferably PSP or bank acquiring
Risk management and internal controls
Internal Control frameworks and standards.
Nice To Have Experience:
Experience in Group function, shared services, cross border transactions, fraud risk, investigations.