CredPal is a leading financial technology company that offers a comprehensive range of financial solutions, including credit cards and investment opportunities, to empower individuals. Our mission is to revolutionize access to credit and investment, enabling individuals to take charge of their financial well-being.
Our Microfinance Bank is committed to delivering responsible financial services while maintaining the highest standards of risk management, governance, and regulatory compliance.
Job Title: Credit Risk Officer
Job Type: Full Time
Level: Mid Level
Purpose Statement
We are seeking an experienced and highly analytical Credit Risk Officer to oversee the Bank's credit risk management framework while supporting internal audit and regulatory compliance activities.
The successful candidate will be responsible for assessing credit risk, ensuring compliance with the Bank's credit policies and regulatory requirements, conducting portfolio reviews, supporting internal audits, and monitoring operational and compliance risks. The role is critical to maintaining a high-quality loan portfolio and safeguarding the Bank's assets.
Conduct comprehensive credit appraisals and risk assessments for loan applications in accordance with the Bank's Credit Policy.
Review borrowers' financial capacity, collateral, repayment ability, and overall creditworthiness.
Recommend loan approvals, modifications, or declines based on risk analysis.
Monitor the Bank's loan portfolio and identify emerging credit risks.
Track Portfolio at Risk (PAR), Non-Performing Loans (NPLs), and other key credit risk indicators.
Recommend appropriate risk mitigation and recovery strategies.
Conduct periodic reviews of the loan portfolio to ensure ongoing credit quality.
Monitor early warning signals and recommend proactive interventions.
Support recovery activities on delinquent and classified loans.
Ensure timely loan reviews and portfolio performance reporting.
Conduct periodic internal control reviews across branch operations.
Assess compliance with approved operational policies and procedures.
Identify control weaknesses and recommend corrective actions.
Follow up on audit findings to ensure timely resolution.
Prepare audit reports and present findings to Management.
Monitor compliance with CBN Guidelines for Microfinance Banks, AML/CFT regulations, KYC requirements, and internal policies.
Support the preparation of regulatory reports and responses to regulatory examinations.
Ensure credit operations comply with approved policies and delegated authority limits.
Conduct compliance testing across operational and credit activities.
Identify, assess, monitor, and report operational, credit, and compliance risks.
Maintain the Bank's risk register and monitor implementation of mitigation actions.
Recommend improvements to the Bank's risk management framework.
Promote a strong risk and compliance culture across the Bank.
Support the review and enhancement of credit, risk, and operational policies.
Recommend improvements to internal controls and operational procedures.
Assist in implementing risk-based monitoring and audit programs.
Prepare weekly and monthly credit risk reports.
Produce portfolio quality reports, audit reports, compliance reports, and risk dashboards.
Report significant exceptions and policy breaches to Management promptly.
Portfolio at Risk (PAR) Ratio
Non-Performing Loan (NPL) Ratio
Credit Review Turnaround Time
Quality of Credit Appraisal Reports
Number of Internal Audit Reviews Completed
Timely Closure of Audit Findings
Compliance with CBN and Internal Policies
Number of Compliance Exceptions Identified and Resolved
Risk Assessment Timeliness
Regulatory Examination Outcomes
Loan Recovery Performance
Requirements
Bachelor's Degree in Finance, Accounting, Economics, Banking, Business Administration, or a related field.
Minimum of 4years' relevant experience within a Microfinance Bank (MFB) in Credit Risk, Internal Audit, Risk Management, or Compliance.
Strong experience in credit appraisal, portfolio management, loan monitoring, and recovery.
Demonstrated experience conducting internal audits, operational reviews, and compliance monitoring within a regulated financial institution.
Strong understanding of CBN Guidelines for Microfinance Banks, prudential guidelines, AML/CFT regulations, KYC requirements, and risk management frameworks.
Experience preparing audit reports, risk assessments, and regulatory compliance reports.
Excellent analytical, investigative, and report-writing skills.
High level of integrity, objectivity, and professional judgment.
Proficiency in Microsoft Excel and core banking applications.
Relevant professional certifications (e.g., ACA, ACCA, MCIB, CRMP, CISA, CIA) will be an added advantage.
Must reside in Kano State, preferably within or around Dawakin Kudu and its environs.
Benefits
Opportunity to play a key role in strengthening governance, risk management, and sustainable growth within a regulated microfinance institution.
Collaborative, high-performance environment focused on accountability and operational excellence.
Professional development opportunities within a growing financial institution.
Skills Required
- Bachelor's degree in Finance, Accounting, Economics, Banking, Business Administration, or related field.
- Minimum of 4 years relevant experience within a Microfinance Bank in Credit Risk, Internal Audit, Risk Management, or Compliance.
- Strong experience in credit appraisal, portfolio management, loan monitoring, and recovery.
- Demonstrated experience conducting internal audits, operational reviews, and compliance monitoring within a regulated financial institution.
- Strong understanding of CBN Guidelines for Microfinance Banks, prudential guidelines, AML/CFT regulations, KYC requirements, and risk management frameworks.
- Experience preparing audit reports, risk assessments, and regulatory compliance reports.
- Excellent analytical, investigative, and report-writing skills.
- High level of integrity, objectivity, and professional judgment.
- Proficiency in Microsoft Excel and core banking applications.
- Relevant professional certifications (e.g., ACA, ACCA, MCIB, CRMP, CISA, CIA).
- Must reside in Kano State, preferably within or around Dawakin Kudu and its environs.
What We Do
CredPal is a fintech company based in Lagos, Nigeria, that provides buy now, pay later (BNPL) solutions for consumers and businesses across Africa. It integrates payments, savings, credit, and investments into one powerful platform, empowering individuals to achieve their financial goals and offering seamless credit access.
