Head of Credit Risk / Compliance
Job summary
We are seeking an experienced Head of Credit Risk / Compliance to lead the design and implementation of our credit risk framework and regulatory compliance structure. The ideal candidate will have at least 5 years of experience within an MFB, Finance House, with strong expertise in credit assessment, loan portfolio management, and regulatory compliance.
Job descriptions & requirements
- Develop and implement credit risk policies, underwriting standards, and approval frameworks.
- Oversee loan appraisal, approval, and monitoring processes.
- Monitor portfolio performance, delinquency trends, and default rates.
- Develop strategies to reduce Non-Performing Loans (NPLs).
- Lead loan restructuring and recovery strategies where necessary.
- Ensure proper documentation and audit trails for all credit decisions.
Compliance & Regulatory Oversight:
- Ensure full compliance with CBN regulations and other applicable financial laws.
- Develop and implement compliance policies and internal control frameworks.
- Monitor regulatory updates and advise management on required changes.
- Lead internal compliance audits and regulatory reporting.
- Work closely with Legal, Operations, and Finance teams to mitigate regulatory risk.
Risk Strategy & Governance:
- Identify operational, credit, and regulatory risks and recommend mitigation strategies.
- Develop risk dashboards and management reports.
- Train internal teams on risk awareness and compliance standards.
- Support board and executive reporting on credit and compliance matters.
Requirements:
- Minimum of BSC.
- 5 years of previous experience in a similar role.
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