Recours Four Kenya Consultants Limited – Our client is a leading international mobile payment service and consumer platform that is seeking for a candidate to join their team in Lagos Nigeria in the capacity below:
Job Title: Credit Risk Director
Location: Lagos, Nigeria
Job Type: Full-time
Industry: Fintech
Objective/Purpose
- The company is interested in revolutionizing access-to-finance in Africa.
- It has built a track record doing this with technology, superior execution capability, and access to international best practices combined with local context.
- After building a foundation in payments, it is now entering into the critical piece, access-to-credit.
Job Duties/ Responsibilities/ Accountabilities
- Manage all local credit risk functions for the company
- Apply both traditional and innovative algorithms and data-inputs to build the next generation of predictive models that solve problems in credit risk, fraud, collection and marketing
- Collaborate closely with the international product and engineering teams to design the credit products – overall policies, repayment periods and terms, interest rates, fees, penalties, use cases – and give inputs to UX/UI as appropriate
- Experiment with new tools and techniques to improve insights
- Oversee implementation of new models and policy elements, balancing speed to market with superior execution
- Drive step-change improvements in credit performance by connecting drivers of future consumer credit trends to historical behavior, creating risk models, and testing hypotheses using rigorous monitoring and analysis
- Oversee review and approval of loan transactions, determine appetite and regulatory ratings, monitor credit trends in the portfolio
- Continuously pilot the models based on hypotheses and finetune the models based on results
- Identify new data sources to be used in strategy and evaluate cost/benefit
- Ensure that predictive models are properly developed, implemented and compliant with regulations.
- Lead and conduct in-depth and intensive market research to understand customer behaviors – including hands-on field research of speaking with potential customers and partners – and global competitive research to adopt others’ lessons learned
- Coordinate efforts, including documentation and data preparation, for internal and external model auditing
- Collaborate closely with the Chief Risk Officer in China / Europe to give local, non-traditional perspectives to company’s risk models, product design, and lending policies
- Design credit risk frameworks to help manage risk exposures
- Manage, coach, and develop a team of analysts and data scientists, prioritize work across the team to ensure highest-quality execution and delivery of data-driven insights and solutions
- Ensure all transactions have full and proper documentation at all points
- Consistently review rating triggers and break clauses
- Ensure credit protection is fully understood and utilized
- Explore if there are any further possibilities of exploiting credit protection
- Perform sector analysis regularly in order to assess portfolio concentration or trends
- Monitor, manage and report exposures at a counterpart, product and portfolio level
- Any other duty assigned by line manager/management
Key Performance Areas:
- Ensure a review and possible update of credit risk policies at least bi-annually
- Number and cost of errors: Zero tolerance for errors
- Cost variance per project: Nil
- Time variance per project: No variance.
- Departmental performance score based on feedback from stakeholder’s assessment: of at least 70% and above.
- Regularly design strategies that will increase customer base by 10% monthly incrementally
Qualifications
Job Specification/Qualification
- Education Qualification: Minimum of a Bachelor’s degree and a Master’s in Credit/Risk or related field
- Professional Qualification: Professional certification in credit management or related field is required
- Experience: Minimum of 10 years post-graduation experience working as a credit risk professional with at least 4 years in senior management.
- Experience beyond a traditional bank’s credit team, of serving ‘middle of the pyramid’ (eg. Middle 60-80% of the population) in credit
- products (for example with a mobile money or fintech) – is a strong plus
- Experience with ‘credit at payment – including Credit card, Paylater or Overdraft type products is a plus Grade Alignment Director
Key Competencies Requirements
Functional/Technical:
- Strong technical skills required
- Financial/credit risk management skills
- Strong familiarity with regulatory rating requirements and application of such guidance
- Strong documentation (loan and/or derivatives), analytical, presentational and communication skills required
- Significant experience in credit products including loan products and derivatives
Managerial:
- Strong written and verbal communication skills, with attention to detail
- Result oriented
- Strong analytical, organizational, and multi-tasking skills.
- Energetic, highly self-motivated and able to work efficiently and productively.
- Professional disposition and ability to maintain confidentiality
- Proactive and solution-minded attitude
- Ability to work under little or no supervision
Behavioural:
- Extremely analytical
- But also highly innovative and practical– understand ‘the people’, how they are, how they act, etc
- Interest to work with an international team, in very cross-cultural environments
- Passion to effect change to the current system
- Managing People
- Building Coalitions
- Excellent Interpersonal Skills
Deadline: 20th July, 2020.
How to Apply
Interested and qualified candidates should:
Click here to apply online
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