Lead, Corporate Credit Risk Management

We are recruiting to fill the position below:

Job Title: Lead, Corporate Credit Risk Management

Location: Lagos

Job Summary

• The Lead, Corporate Credit Risk Management is responsible for developing, implementing, and managing our credit risk framework to ensure sustainable portfolio growth, asset quality preservation, and regulatory compliance.
• The role oversees end-to-end credit risk management across retail, SME, and digital lending products and acts in the capacity of Head of Credit Risk, providing strategic direction, oversight, and independent challenge to business units.

Key Responsibilities
Credit Risk Strategy & Governance:

• Develop and implement the Bank’s Credit Risk Strategy in line with Moniepoint’s risk appetite, business objectives, and CBN Prudential Guidelines.
• Provide leadership oversight of credit risk management
• Stay abreast of fintech and digital lending trends impacting credit risk management.
• Support the Board Finance, Audit and Risk Committee (FARCo) with regular credit risk reports and insights.
• Serve as a key advisor to Executive Management and the Board on credit risk exposures, trends, and emerging risks.
• Ensure credit risk considerations are embedded in product design, pricing, underwriting, and portfolio growth strategies.

Credit Policy & Underwriting Framework:

• Develop, review, and maintain the Bank’s Credit Risk Policies, underwriting standards, and approval authorities.
• Ensure credit risk controls are embedded within digital platforms, APIs, and automated workflows.
• Review and validate changes to credit models, decision rules, and lending systems
• Oversee credit scoring models, decision engines, and manual underwriting processes for digital and non-digital loans.
• Ensure all lending activities comply with approved credit policies, regulatory requirements, and internal risk standards.
• Oversee the use of data, analytics, and alternative data sources to enhance credit decisioning.
• Periodically review lending limits, sectoral exposures, and concentration risks, to ensure compliance with credit policies and risk appetite
• Ensure appropriate segregation of duties between origination, approval, and disbursement processes.

Portfolio Monitoring & Asset Quality Management:

• Monitor credit portfolio performance across products, channels, and customer segments.
• Oversee remedial management strategies, restructuring, recoveries, and collections escalation frameworks.
• Ensure adequacy of loan loss provisioning in line with regulatory and accounting standards.
• Track key portfolio metrics including delinquency ratios, non-performing loans (NPLs), roll rates, vintage analysis, and write-offs.
• Identify early warning signals and emerging credit risks, recommending timely corrective actions.

Credit Risk Analytics & Reporting:

• Perform stress testing and scenario analysis on the loan portfolio.
• Develop robust credit risk dashboards and management information systems (MIS).
• Provide accurate and timely credit risk reports to:
  • Chief Risk Officer
  • Board Finance, Audit and Risk Committee (FARCo)
  • Executive Management
• Support regulatory reporting and supervisory examinations relating to credit risk.

Regulatory Compliance & Stakeholder Engagement:

• Act as a key liaison with Internal Audit, External Auditors, Regulators, and Credit Bureaus on credit risk matters.
• Support regulatory examinations, audits, and implementation of audit recommendations.
• Ensure full compliance with:
  • CBN Prudential Guidelines for MFBs
  • Consumer protection and fair lending requirements
  • IFRS 9 (where applicable)

Team Leadership & Cross-Functional Collaboration:

• Foster a strong credit risk culture focused on discipline, data-driven decisions, and sustainability.
• Provide guidance and training on credit risk principles, policy compliance, and risk ownership across the organization.
• Lead and develop the Credit Risk team, ensuring clear roles, accountability, and performance management.
• Partner closely with Product, Operations, Collections, Finance, IT, and Business teams to ensure balanced risk-return outcomes.

Required Qualifications & Experience
Education:

• Bachelor’s Degree in Finance, Accounting, Economics, Mathematics, Statistics, or related field
• Master’s degree (MBA, MSc) is an advantage.

Professional Certifications (Preferred):

• ACA, ACCA, FRM, PRM, or equivalent.

Experience:

• Prior experience in a leadership or senior risk role is required.
• Minimum of 8–10 years experience in credit risk, lending, or risk management within banking, fintech, or financial services
• Proven experience managing credit risk portfolios, preferably in digital or SME lending

Core Competencies & Skills:

• Ability to operate in a fast-paced, technology-driven environment.
• Strong understanding of credit risk frameworks and CBN regulations
• Sound judgment and decision-making ability
• High ethical standards and independence
• Strong stakeholder engagement and communication skills
• Advanced analytical and data interpretation skills