Credit Risk Director at Recours Four Kenya Consultants Limited

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