CREDIT RISK ANALYST

LOCATION:       Lagos

Responsibilities

• Implement and maintain systems for monitoring the credit risk of the overall, portfolio and individual clients.
• Identify early warning signals and potential indicators of credit deterioration or adverse changes in the creditworthiness of clients.
• Conduct regular analyses of credit exposures, assessing the performance and risk profile of individual credits within the portfolio.
• Conduct periodic reviews of existing clients to reassess their creditworthiness and adherence to credit terms.
• Prepare and provide regular reports on credit portfolio performance, risk trends, and potential areas of concern to relevant stakeholders.
• Communicate credit risk assessments and monitoring findings to relationship managers, credit committees, and senior management.
• Collaborate with credit analysts to gather additional information, clarify details, and enhance the overall credit risk assessment process.
• Propose and implement risk mitigation strategies to address identified credit risks and challenges.
• Ensure compliance with regulatory requirements and industry standards in credit monitoring activities.
• Stay informed about changes in regulatory frameworks and adapt strategies accordingly.
• Maintain accurate and organized documentation of credit monitoring activities, findings, and decisions.

• Proven experience in credit monitoring or a related role within Risk Management.
• Strong analytical and problem-solving skills.
• Familiarity with credit risk monitoring tools and systems.
• Knowledge of industry regulations and compliance standards.
• Ability to work collaboratively and build relationships at various organizational levels.
• Effective communication skills, both written and verbal.
• Attention to detail and the ability to work in a collaborative team environment.

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field CA/MBA/PGDM/CFA or other relevant post graduate qualification.
• Minimum of 6 years cognate work experience in Credit Analysis and Risk Management.
• Relevant certifications in risk management, credit analysis, or financial analysis are highly desirable. CRM, PRM or similar certifications.
• Completion of relevant industry training programs or courses in credit risk management, credit analysis, and financial modelling.
• Knowledge of and adherence to industry regulations, compliance standards, and ethical guidelines governing credit monitoring and risk management activities.
• Excellent communication skills and the ability to work collaboratively with internal and external stakeholders.

• Percentage of the portfolio with low, moderate, and high credit risk.
• Percentage of credits that have migrated to higher to lower risk categories.
• Percentage of total exposure attributed to top clients or industries.
• Number of early warning signals identified.
• Average time taken to conduct periodic credit reviews.
• Percentage of the portfolio covered by regular credit reviews.
• Timeliness and completeness of credit monitoring reports.
• Number of risk mitigation strategies implemented.
• Percentage of past due and delinquent accounts.
• Percentage of defaults within the portfolio.
• Number of compliance issues related to credit monitoring.
• Stakeholder satisfaction with communication related to credit monitoring.
• Frequency and results of portfolio stress tests.
• Employee knowledge and skills improvement related to credit monitoring.