Our client is a leading international mobile payment service provider and consumer platform that is seeking to hire a Credit Risk Director to join their team in Lagos Nigeria. Applicants should be Kenyan citizens willing to relocate to Nigeria for this prestigious role. We are looking at attracting people from Mobile loans platform spaces, Credit card space, savings and e-commerce space.We are looking for candidates with vast experience in the Fintech space and our goal is to identify a candidate who strongly believes in financial inclusion.

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

• 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
• 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
• 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

 

JOB SPECIFICATION/QUALIFICATION

Education Qualification: • Minimum of a Bachelor’s degree and a Masters 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 producs 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

Application Deadline is 20th August 2020