Our client is a prominent Nigerian conglomerate with operations across various sectors, including banking, retail, FMCG, and construction. They are currently seeking to hire a Credit Risk & Recovery Manager with strong expertise and a solid background in this field.
The Credit, Risk & Recovery Manager will be responsible for overseeing the bank’s entire credit risk management process—spanning credit origination, risk evaluation, portfolio monitoring, and recovery. This role ensures that credit decisions align with regulatory standards and internal policies while minimizing non-performing loans (NPLs) and optimizing recovery efforts.
Key Responsibilities:
Credit Management
∙Develop, implement, and monitor credit policies and procedures in line with CBN regulations and the bank’s risk appetite.
∙Evaluate and approve or recommend loan applications after thorough risk analysis.
∙Oversee credit appraisal processes to ensure accurate assessment of customer creditworthiness.
∙Monitor disbursements, loan performance, and ensure portfolio quality.
Risk Management
∙Identify, assess, and mitigate credit, operational, and market risks.
∙Conduct regular stress testing, credit risk reviews, and portfolio analysis.
∙Ensure compliance with internal risk limits and regulatory requirements.
∙Maintain a risk register and recommend corrective actions to senior management.
Recovery & Collections
∙Develop and implement effective loan recovery strategies and policies.
∙Supervise loan collection efforts and manage delinquent accounts.
∙Liaise with legal and external recovery agents where necessary.
∙ Minimize loan losses through proactive engagement and restructuring where applicable.
Reporting & Compliance
∙Prepare regular reports on credit risk exposure, delinquency trends, and recovery performance.
∙Ensure timely submission of reports to CBN and other relevant regulators.
Key Performance Indicators (KPIs)
∙Portfolio at Risk (PAR) ratios
∙Loan recovery rates.
∙Credit approval turnaround time.
∙Non-performing loans (NPL) as % of total portfolio
∙Regulatory and audit compliance scores
∙Risk mitigation effectiveness.
Job Requirements:
∙Bachelor’s degree in finance, Accounting, Economics, or a related field (Master’s preferred).
∙Professional certification (e.g., CPA, CFA) is a plus.
∙5–10 years of experience in credit management, risk assessment, and debt recovery.
∙Strong understanding of financial statements, credit scoring, and regulatory frameworks.
∙Excellent financial and risk management capabilities.
∙Deep understanding of regulatory frameworks and corporate governance.
∙Exceptional leadership, interpersonal, and communication skills.
∙Track record of innovation and driving business growth.
∙High ethical standards and commitment to social impact.
∙ Integrity, independence, and a proactive approach to work.
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