Business Manager (Credit and Risk management)

Job Information

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    Category Management Jobs
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    Posted On Feb 3 ,2021
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    Qualifications HND/Bachelor's degree
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    Employer Name MyStaff Consulting Limited
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    Contact Email info@mystaff.com.ng

Job Description

Job Summary;

The credit risk manager performs various functions in addressing credit-related issues, including but not limited to risk and underwriting guidelines, credit culture awareness, and credit policy support, and credit strategy support. He/She play a key role in balancing asset growth with credit quality as part of achieving their group’s financial objectives.

Responsibilities;

  • Maintain all Consumer Risk Policies and Procedures
  • Provide support for strategic data initiatives such as ODS roll out, IDI, and DW
  • Maintain and implement the IO Credit Risk Governance process
  • Provide support for pricing and new production process for credit risk inputs (loss assumptions and product risk assessments)
  • Institute, lead and deliver credit card fraud mitigation support
  • Make sure alerts are readily available for business channels transactions
  • Preempt fraud detection challenges at the strategy and portfolio level and provide analytical/modelling solutions
  • Utilize customer data to build risk segmentation and mitigation strategies
  • Establish and monitor policies and procedures that will foster the company’s potential to meet its sales and risk management goals. Monitor and assess active accounts to reduce or prevent bad debt losses
  • Communicate current policies and procedures to subordinates and other affected parties
  • Assist in controlling costs associated with operating and collecting credits
  • Actively support efforts to identify credit risk-related issues and coordinate issues resolution management
  • Serve as Credit Risk PMO to ensure timely prioritization, execution, and delivery of key projects and initiatives
  • Produce key management reports and respond to ad hoc requests by managing consumer credit risk reporting resources
  • Support Senior Management with consumer risk reporting needs
  • Ensure effective design and oversight of the consumer quality function; identify the scope and prioritize local quality control resources
  • Follow-up and maintain tracking on open Audit, LRG, and self-identified credit risk issues to ensure satisfactory closure