Credit Risk Officer

Credit Risk Officer

Location: Lagos

Employment Type: Full-time

Industry: Financial Institution

Job Summary

• We are seeking an analytical and detail-oriented Credit Risk Officer to assess borrowers' creditworthiness, monitor loan portfolio performance, and support effective credit risk management.
• The ideal candidate must have a background in Accounting, Finance, Economics, or a related field, with foundational knowledge of credit risk and lending processes.

Key Responsibilities

• Conduct credit assessments and analyze financial statements, cash flows, and audit reports to determine borrowers' creditworthiness.
• Conduct due diligence visits to verify business operations, financial information, and repayment capacity.
• Prepare credit approval memoranda outlining financial analysis, identified risks, and lending recommendations.
• Develop and implement credit policies, risk assessment criteria, and lending decision rules.
• Monitor loan portfolio performance, identify potential defaults, and recommend risk mitigation measures.
• Collaborate with Product, Decision Science, and other teams to improve credit scoring models and lending decisions.
• Identify potential fraud and operational risks and recommend appropriate controls.
• Ensure compliance with applicable CBN guidelines, AML/CFT requirements, data protection regulations, and internal credit policies.
• Prepare credit risk reports and recommend strategies to improve portfolio quality.

Requirements

• Bachelor's Degree in Accounting, Finance, Economics, Banking and Finance, or a related field.
• Minimum of 1 year of experience in consumer credit, credit risk analysis, credit assessment, or credit portfolio management.
• Good knowledge of financial statement analysis, credit assessment, and lending processes.
• Ability to analyze audit reports, conduct due diligence visits, and prepare credit approval memoranda.
• 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.
• Ability to balance business growth with effective risk management.

Non-Negotiable Requirements:

• Financial statement analysis and audit report review.
• Physical due diligence visits.
• Preparation of credit approval memoranda.

Application Closing Date

31st December, 2026.