Head of Credit and Recovery

Responsibilities:

• Develop, implement, and periodically review the Bank's Credit Policy, lending procedures, and credit administration framework.
• Lead the appraisal, evaluation, recommendation, and monitoring of credit facilities in line with the Bank's risk appetite and lending policies.
• Ensure proper credit underwriting, documentation, disbursement, and post-disbursement monitoring of all loan facilities.
• Monitor the quality of the Bank's loan portfolio and implement strategies to minimize non-performing loans (NPLs).
• Oversee loan recovery activities and develop effective recovery strategies for delinquent accounts.
• Review credit proposals and make recommendations to the Management Credit Committee and Board Credit Committee, as applicable.
• Conduct periodic portfolio reviews and ensure compliance with the Prudential Guidelines and other regulatory requirements.
• Work closely with the Marketing and Business Development team to drive quality loan growth without compromising credit standards.
• Monitor industry trends, sector risks, and economic developments that may impact theBank's credit portfolio.
• Prepare periodic credit performance reports, portfolio analysis, and management information for Executive Management and the Board.
• Ensure compliance with CBN regulations, AML/CFT requirements, KYC standards, and internal credit policies.
• Develop and implement credit risk mitigation strategies to protect the Bank's assets.
• Mentor and supervise members of the Credit Department to ensure high performance and continuous professional development.
• Drive continuous improvement in credit processes through technology and process automation.
• Perform any other duties as may be assigned by Executive Management.

Requirements:

• Bachelor's Degree in Accounting, Banking & Finance, Economics, Business Administration, or a related discipline.
• Mandatory: MCIB certification.
• Minimum of 10 years' cognate banking experience, with at least 3 years in Credit Administration, Credit Risk Management, or Lending within a Microfinance Bank, Commercial Bank, or other financial institution.
• Strong knowledge of credit analysis, financial statement analysis, loan structuring, credit risk management, and loan recovery.
• Sound understanding of the CBN Prudential Guidelines, Microfinance Banking Regulations, AML/CFT requirements, and KYC standards.
• Proven ability to manage loan portfolios while maintaining strong asset quality and minimizing credit losses.
• Excellent analytical, negotiation, communication, report-writing, and decision-making skills.
• High level of integrity, professionalism, and attention to detail.
• Professional certifications such as ACIB, CFA, CAMS, FRM, CRM, or other relevant professional certifications will be an added advantage.