Risk Management OfficerNeptune at Neptune Microfinance Bank

Responsibilities

• As part of the credit committee of the Bank, participate in the review of creditworthiness and risks associated with potential business transactions with appropriate tools and models, with a view to providing mitigants to identified risks
• Daily Review and Recociliation of the Bank transactions
• Preparation and Rendering of CBN returns
• Daily Review of Trial Balance
• Preparation of Pension and Payee Schedule and Remittance
• Analyze delinquent accounts and prepare reports on highest risk accounts including recommendations for resolution
• Check for credit viability on requests for extended terms, and evaluate various adjustments or exception documents
• Support the loan remediation team to maintain bad debt and bad debt recovery exposures to within acceptable risk appetite levels Conduct periodic stress tests and scenario analysis, assessing the impact to the Bank’s credit portfolio and make appropriate recommendations to senior management for appropriate action
• Work closely with the Credit Quality Assurance Unit to proactively identify problem accounts and make timely recommendations to senior management for remedial action
• Support the loan remediation team, in negotiating work out plans and strategies for delinquent customers
• Review and analyze the delinquent portfolio to identify key causal factors and lessons, make recommendations to senior management for approval and track them to ensure adequate and timely closure
• Support the loan remediation team with respect to exposures requiring collection agency or legal action and coordinate collections with third party contractors
• Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate
• Provide advice to all stakeholders in the Bank with respect to credit risk management policies, practices and standards
• Prepare timely, comprehensive and reliable credit risk reports to senior management and board on a monthly and quarterly basis for the benefit of senior management and the board with Head of Risk review and sign-off

Requirements

• Candidates should possess a Bachelor's Degree
• Sound experience of at least 2 years with an organisation and familiarity with the Micro-finance bank’s major business development channels in trade finance, project finance, export development, asset financing and syndications
• Demonstrated understanding of the Micro-Finance bank’s major product offerings to clients especially syndication, co-financing, club deals, correspondent banking products including letters of credit, factoring, forfeiting, structured trade finance, carbon financing, corporate finance risk participations, project-related financing and considerable knowledge of how these work
• Demonstrated understanding and experience of the structured trade finance operating model as a basis for the mitigation of identified risks in potential business transactions and especially in the areas of credit risk management and monitoring
• Ability to communicate and function in a culturally diverse and change oriented setting and therefore knowledge of the workings of the main segments of the trade finance markets and the participants in major regions of the country
• Excellent verbal and written communication skills in English
• Proven experience in marketing trade and project finance products will be a distinct advantage
• Willingness to travel extensively and to work long hours where required in order to achieve the company’s objectives
• Demonstrated leadership capabilities, including ability to organize and manage to attain goals