Head of Risk Management at a Microfinance Bank - TMAsourcing Solutions

TMAsourcing Solutions - Our client, a Microfinance Bank in Egbeda, is recruiting to fill the position below:

Job Title: Head of Risk Management

Location: Egbeda, Lagos
Employment Type: Full-time
Working Hours: Monday - Friday 9 am to 5pm.

Job Description

• We are hiring a visionary and experienced Head of Risk Management (MALE) in a Microfinance Bank in Egbeda
• The head of the risk management will lead the organization’s risk framework, mitigate threats, and ensure compliance with regulatory requirements .
• This is a strategic leadership role require expertise in risk management, in internal controls and governance.
• The Head of Credit and Risk Management will be responsible for the monitoring and management of the credit portfolio of the Bank as well as developing and implementing systems, policies and procedures aimed at credit administration and credit risk mitigation.

Key Responsibilities

• Planning, designing implementing & managing the overall credit administration and credit risk management process for the bank by developing the credit risk management framework, policies, processes, procedures and reporting standards that define the bank’s credit risk strategy and appetite in line with its overall business objectives.
• Monitor the business development for emerging credit risks and recommends policies and procedures to improve the credit risk management process.
• Maintain oversight over the bank’s enterprise credit risk management activities.
• Provide support, education and training to staff in respect of credit administration as well as to create credit risk awareness.
• Ensures proper documentation of credits by adhering to set documentation standards and procedures.
• Define credit approval framework and recommend credit approval limits in line with banks’ policy.
• 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.
• Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate.
• Develops and implement policies and procedures that help to reduce the credit risk of the financial institution.
• Undertakes building of financial models that predict credit risk exposure of the organization and oversee the preparation of performance reports for management.
• Manage the bank’s lending portfolio and continually optimize risk strategy for acquisition, fraud, and collection
• The credit risk manager work description also entails retrieving data and conducting data driven analytics, utilizing various analytical tools, software, and techniques.

Skills and Competencies

• Credit Administration/Risk Management
• Credit Products, Credit Analysis and Appraisal
• Loans administration / account management
• Credit Workout/Restructuring, Financial analysis
• Resilience, Tenacity and Integrity
• Entrepreneurship, etc

Technical Knowledge / Minimum Requirements:

• First Degree in Economics, Finance or any other discipline, Master’s Degree is an added advantage.
• Deep understanding of a Microfinance Bank credit dynamics
• Minimum of 5 years banking experience with a Microfinance Bank.
• Experience in planning and orchestrating available resources efficiently and effectively
• Impeccable understanding of financial statements and business dynamics
• Proven ability to persuade, influence and build credibility with all levels and all functions
• Knowledge of micro, small and medium enterprise market.

Salary
N350,000 Monthly.

Application Closing Date
Not Specified.