Credit Risk Officer at Fedeth Microfinance Bank

Fedeth Microfinance Bank economically empowers micro-entrepreneurs and low-income earners by providing financial services.

We are recruiting to fill the position below:

Job Title: Credit Risk Officer

Location: Abuja (FCT)
Employment Type: Full-time

Duties and Responsibilities

Set up an end to end Credit Risk Management Department
Develop and obtain approvals for all credit related policies, product papers, approval limits and related requirements for the proper working of a credit risk management unit
Review and provide feedback about the completed loan application form on any missing or unclear documents in the application thereby ensuring all required supportive documents for the credit analysis have been submitted
Conduct credit evaluation/ analysis for retail and MSME clients and make appropriate recommendation in line with credit policy
Ensure proposed facility are structured appropriately in line with transaction dynamics, repayment structure and customer’s cashflow.
Ensure compliance to target market, risk acceptance criteria and overall Credit policy
Conduct Risk Rating and Credit scoring for all loan request
Conduct financial and non-financial business analysis on proposed request and interpret generated financial ratios/ performance indicators
Perform Credit status enquiry and act as interface to other Credit bureaus with regards to submission of data (CRMS, CR, CRC e.t.c)
Review of Credit portfolio for sustained quality, performance and compliance with approved terms and conditions as well as Credit policy
Recommend credit for final approval, follow-up with the required DLA to ensure request are approved timely and communicate approval to market facing units
Ensure that all pre-disbursement conditions are met
Ensure that limits are monitored; maturing repayments and all receivables on accounts are collected
Good knowledge and interpretation of the CBN policies related to loan management
Conduct credit stress testing and advise management on best action to manage portfolio
Identification of credit related early warning signals and flagging likely problems before they crystallize
Prepare on a timely basis, the rendition of all relevant regulatory returns
Liaise with Financial Control Department (FINCON) to prepare Capital Adequacy Ratios and loan impairment in line with CBN prudential guidelines and IFRS requirements
Credit call visits to customers with relationship management team.
Liaise with Legal Unit and ensure that all security documentations comply with terms of approval and are enforceable
Ensure proper filling of customer loan documentation in line with the requirement of the CBN prudential guideline
Builds relationship with RMs and Relationship/platform Officers to improve quality of business proposals and turnaround time on credit evaluations.
Identify deteriorating accounts for prudential classification and transfer to the recovery team
Revise and propose changes to existing Credit Risk policies
Prepare relevant risk reports for the Risk Management Committee and relevant Board committees
Staff training internally (credit staff) and externally as may be required
Carry out such other duties that may be delegated to it by Head, ERM.

Internal / External Contacts:

Internal Staff
Clients
Regulators (CBN, SEC)
Auditors (PWC).

Key Performance Indicator (KPI):

Non-Performing Loan Ratio (NPL)
Cost of Risk (Impairment Charges/ Loan loss provisioning)
Credit Risk Management Rating and Perception
Process Efficiency
Zero regulatory sanction relating to Credit Risk
Turnaround time (TAT) to conclude on credit request after receipt of all required information/documentation is (6hrs for PP/Retail and 48 hours for MSME).

Key Competence Requirements

Candidates should possess a Bachelor’s Degree, Master’s Degree qualification with 2 – 3 years work experience.
Good knowledge of CBN policies on credit and loan administration
Knowledge of retail banking and micro lending
Strong proficiency in analyzing and evaluating financial information
Computer proficiency particularly with spreadsheet
Attention to detail; thorough, particular and accurate
A demonstrated knowledge of finance, accounting and risk management
Communicate in clear, concise and effective written and verbal formats
Excellent interpersonal skills
Energetic and with sound decision making skills.