Head, Credit Risk (MFB) at Sewa Assets Management Limited

Sewa Assets Management Limited is an assets management and finance consultancy firm positioned to meet the ever-changing demands and requirements of our clients in the 21stcentury.

Since inception, we have strategically positioned ourselves to take advantage of growth prospects in the Nigerian and African markets on behalf of our clients. Over the last few years, Sewa Assets has established a strong reputation for market expertise in asset management, investment advisory, business intelligence, consultancy, and financial support services.

We are recruiting to fill the position below:

Job Title: Head, Credit Risk (MFB)

Location: Lekki Epe Express Road, Lagos
Employment Type: Full time
Sector: Microfinance Bank

Job Summary

• The Head of Credit Risk is responsible for developing and overseeing the credit risk management framework of the microfinance bank, with a strong focus on retail, micro, and SME lending.
• The role ensures effective identification, measurement, monitoring, and mitigation of credit risk while supporting financial inclusion objectives and sustainable portfolio growth.

Key Responsibilities

• Develop and implement credit risk policies, frameworks, and procedures tailored to microfinance operations.
• Oversee credit appraisal and approval processes for micro, SME, and retail loan portfolios.
• Monitor loan portfolio quality, including PAR (Portfolio at Risk), delinquency trends, and non-performing loans (NPLs).
• Design and maintain credit scoring models and risk assessment tools suitable for low-income and informal sector clients.
• Ensure compliance with regulatory requirements, including Central Bank of Nigeria (CBN) guidelines for microfinance banks and IFRS 9.
• Establish risk appetite, credit limits, and concentration thresholds aligned with business strategy.
• Lead portfolio stress testing and scenario analysis, especially for vulnerable customer segments.
• Drive early warning systems, collections strategies, and recovery processes.
• Collaborate with business teams to ensure responsible lending practices while achieving growth targets.
• Oversee loan review and audit processes to ensure credit discipline across branches.
• Prepare and present credit risk reports to senior management, board committees, and regulators.
• Manage and develop the credit risk and portfolio monitoring team.

Key Requirements

• Bachelor’s Degree in Finance, Economics, Accounting, or related field.
• Minimum of 5 years experience in banking or microfinance, with strong exposure to credit risk.
• Strong experience in retail/SME lending, portfolio management, and collections.
• Good knowledge of CBN microfinance regulations and IFRS 9 provisioning.
• Experience working with credit scoring systems and data-driven lending models.
• Professional certifications (e.g., CFA, FRM, ACCA) are an advantage.

Key Competencies:

• Strong analytical and problem-solving skills
• Deep understanding of microfinance lending dynamics
• Leadership and people management
• Risk-based decision making
• Strong monitoring and follow-up culture
• Stakeholder management and communication
• High ethical standards and integrity.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV to: nengimina@ricchezzafinance.com using the job title as the subject of the mail.