Job Summary

• We are seeking a detail-oriented and analytical Credit Risk Officer to join our team. The successful candidate will be responsible for assessing credit applications, evaluating borrowers’ creditworthiness, monitoring credit risk exposure, and ensuring compliance with the organisation’s credit policies and regulatory requirements.

Key Responsibilities

• Assess and analyse loan applications and supporting documentation.
• Conduct comprehensive credit assessments and evaluate borrowers’ creditworthiness.
• Review financial statements, cash flows, credit history and other relevant financial information.
• Recommend appropriate credit limits, loan amounts, repayment terms and risk mitigation measures.
• Identify, assess and monitor potential credit risks within the loan portfolio.
• Conduct regular reviews of existing credit facilities and customer accounts.
• Monitor portfolio performance and identify early warning signs of potential default.
• Prepare detailed credit analysis and risk assessment reports for management/credit committees.
• Ensure all credit decisions comply with approved policies, procedures and regulatory requirements.
• Liaise with Relationship Managers, Business Development Officers and other relevant teams regarding credit requests.
• Maintain accurate and up-to-date credit documentation and records.
• Provide recommendations on risk mitigation, restructuring and recovery strategies where necessary.
• Stay informed about changes in economic conditions, industry trends and regulatory requirements that may affect credit risk.
• Support the development and improvement of credit risk policies, procedures and processes.

Requirements

• Bachelor’s degree in Accounting, Finance, Economics, Business Administration or a related field.
• 2–4 years of relevant experience in credit risk, credit analysis, lending or a related financial services role.
• Strong knowledge of credit assessment and financial analysis.
• Good understanding of lending principles, credit risk management and loan portfolio monitoring.
• Strong analytical, numerical and problem-solving skills.
• Excellent attention to detail and ability to make sound risk-based decisions.
• Good knowledge of Microsoft Office, particularly Excel.
• Excellent communication and report-writing skills.
• Ability to work independently and effectively within a team.

Preferred Skills:

• Experience in a microfinance bank, commercial bank, fintech or other financial institution will be an advantage.
• Knowledge of relevant CBN regulations and applicable credit risk guidelines is an advantage.
• Professional certification in banking, finance, risk management or a related field will be an added advantage.