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Credit Risk Officer
About this role
A Credit Risk Officer is being sought for a full-time role in Lagos with a financial institution. The position targets candidates with a background in accounting, finance, economics or related fields and involves assessing borrowers, monitoring loan portfolios and supporting risk management. The employer focuses on recruitment and talent solutions and connects professionals with organisations across industries. The role requires collaboration with multiple teams, development of credit policies, and ensuring compliance with regulatory guidelines and internal policies.
What you would do
- Prepare credit risk reports and suggest strategies to improve portfolio quality
- Collaborate with Product, Decision Science and other teams to enhance credit scoring models and lending decisions
- Prepare credit approval memoranda detailing financial analysis, risks and recommendations
- Ensure compliance with CBN guidelines, AML/CFT, data protection regulations and internal policies
- Develop and implement credit policies, risk assessment criteria and lending decision rules
- Monitor loan portfolio performance and identify potential defaults, proposing risk mitigation measures
- Conduct due diligence visits to verify business operations, financial information and repayment capacity
- Identify potential fraud and operational risks and recommend controls
- Conduct credit assessments and analyse financial statements, cash flows and audit reports to determine creditworthiness
- Prepare and maintain clear documentation for lending decisions and risk assessments
What they are asking for
- Bachelor's Degree in Accounting, Finance, Economics, Banking and Finance or related field
- Minimum 1 year experience in consumer credit, credit risk analysis, credit assessment or portfolio management
- Basic understanding of credit risk management and regulatory requirements
- Strong analytical, numerical, communication and report-writing skills
- Proficiency in Microsoft Excel and financial analysis tools
- Good knowledge of financial statement analysis, credit assessment and lending processes
- Ability to balance business growth with risk management
- Non-negotiable: preparation of credit approval memoranda, financial statement analysis and audit report review, and physical due diligence visits
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