Credit and Risk Officer at Mkobo Microfinance Bank Limited

Mkobo Bank is registered in Nigeria as Mkobo Microfinance Bank (No. RC1234231), 3rd floor, 13 Hughes Avenue, Alagomeji, Yaba, Lagos. Mkobo is currently pivoting to a full service digital bank/Neobank. Our goal is to help hard working Africans to improve their financial wellbeing by making it easy for them to earn, save, spend and invest their hard earned money. We are currently recruiting for dynamic, creative, flexible and experienced team members with a passion for everything technology and a commitment to add their quota to the success of our vision.

You will find the growing MKOBO team working at the same location. We are authorised and regulated by Central Bank of Nigeria (CBN) under registration number 51188.By using this website, you understand that the services and products offered on this website (“Services and Products”) are for information purposes only.

We are recruiting to fill the position below:

Job Title: Credit and Risk Officer

Location: Lagos
Employment Type: Full-time
Job function: Risk Management

Job Responsiblities

• Work with Unit Head in Planning, designing implementing & managing the overall risk management process for the bank by developing the risk management framework, policies, processes, procedures and reporting standards that define the bank’s risk strategy and appetite in line with its overall business objectives
• Monitor the business development for emerging risks and recommend policies and procedures to improve the risk management process
• Developing methods to generate a robust system to identify, monitor, manage and control credit, market and operational risks.
• Facilitate the identification, assessment, measurement, monitoring, controlling and reporting the level of risk.
• Work with Unit Head to provide support, education and training to staff in order to create and increase risk awareness
• Ensures proper documentation of credits by adhering to set documentation standards and procedures
• Ensure the approved credit framework and recommend credit approval limits in line with banks’ policy is adhered
• 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
• Conduct periodic stress tests and scenario analysis, assessing the impact to the Bank’s credit portfolio and make appropriate recommendations to senior management for appropriate action
• Review and analyse the delinquent portfolio to identify key causal factors, make recommendations and track them to ensure adequate and timely closure
• Responsible for loan recovery, such as negotiating work out plans and strategies for delinquent customers and provide additional support with respect to exposures requiring collection agencies or legal action
• Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate
• Prepare timely, comprehensive and reliable credit risk reports to senior management and board on a regular basis
• Carry out any other task as required from time to time.
• Monitor NPL and ensure proper follow-up.
• Review and track department risk exposure and make recommendations

Qualifications

• Minimum of HND or Degree in Finance, Accounting, Economics, Business Administration etc. from a reputable University or Polytechnic.
• 3-4 years working experience in Credit, Loan and Asset Recovery activities.
• Hands-on experience working in a Microfinanceand/or FINTECH space
• Strong planning, organizational and time management abilities
• Experience in database Management.
• Experience is recovery.
• Post graduate degree or MCIB is an added advantage
• Minimum of two (2) years’ experience in a similar role at a MFB or Financial institution
• Awareness of emerging and innovative credit risk assessment specifically social scoring, alternative credit scoring and big data analytics tools.

Application Closing Date
20th May, 2024.