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For Companies At a Glance
- Tasks: Lead credit risk management and innovate underwriting processes to minimize risks.
- Company: Join Moniepoint, Africa's largest financial ecosystem, processing $182 billion in 2023.
- Benefits: Enjoy a people-first culture, attractive salary, and continuous learning opportunities.
- Why this job: Be part of a dynamic team that values creativity and collaboration in credit risk management.
- Qualifications: Must have a B.Sc/H.ND and 5 years in credit risk or lending roles.
- Other info: We prioritize diversity and inclusion in our hiring process.
The predicted salary is between 43200 - 72000 £ per year.
Moniepoint is Africa’s all-in-one financial ecosystem, empowering businesses and their customers with seamless payment, banking, credit, and management tools. In 2023, we processed $182 billion and are Nigeria’s largest merchant acquirer.
About the role
The Head of Credit Risk Management is responsible for ensuring the implementation of top-tier credit underwriting policies aimed at minimizing credit risk and non-performing loans.
Candidates must demonstrate expertise in credit underwriting processes, possessing a profound understanding of their underlying principles and objectives. Additionally, they should exhibit creativity, critical thinking skills, and the ability to innovate and streamline the underwriting process effectively.
Our approach prioritizes improvement based on merit rather than conformity to conventional practices. It is imperative for candidates to possess a thorough comprehension of credit assessment, supported by factual evidence and data-driven insights.
Furthermore, fostering a collaborative relationship with credit business leaders is crucial. Rather than adopting an adversarial stance, the Head of Credit Risk Management should strive for a supportive partnership to facilitate the growth of a robust and high-performing loan portfolio, while maintaining operational speed and agility.
Analytical prowess is essential, particularly in interpreting and leveraging existing credit data, which serves as a valuable repository of insights.
Key Responsibilities
- Innovate and optimize the underwriting process, leveraging creativity and critical thinking to drive improvements.
- Foster a culture of continuous improvement, constantly seeking opportunities to enhance efficiency and effectiveness.
- Analyze existing credit data to extract insights and inform strategic decision-making.
- Stay abreast of industry trends and regulatory developments, ensuring compliance with relevant standards and regulations.
- Develop and maintain risk management frameworks to mitigate potential credit risks and enhance overall risk management practices.
- Provide leadership and guidance to the credit risk management team, fostering professional development and excellence in performance.
- Perform all other credit risk related functions as may be assigned by a supervisor.
Requirements
- A minimum of a B.Sc/H.ND in any business-related discipline.
- A minimum of 5 years experience in lending in a credit risk related role.
- Demonstrable knowledge of credit risk analysis and credit monitoring.
- A good knowledge of financial analysis is an added advantage.
Skills
- Data analysis.
- People Management.
- Performance Management.
- Training and People Development.
What we can offer you
- Culture – We put our people first and prioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
- Learning – We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
- Compensation – You’ll receive an attractive salary, plus other benefits.
What to expect in the hiring process
- A preliminary phone call with one of our recruiters.
- A panel technical interview with existing SVP Loans.
- A technical interview with the MD of Moniepoint Mfb.
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Help Us Support Diversity at Moniepoint
At Moniepoint, we are committed to fostering a diverse and inclusive work environment. We do not discriminate based on gender identity, orientation, or other personal characteristics. To help us track and improve our recruitment efforts and ensure we are meeting our gender inclusion goals, we kindly ask you to answer the following demographic questions. Your responses are voluntary and will not impact your application in any way. Thank you for helping us build a more inclusive team.
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Head of Credit Risk Management employer: Moniepoint
Contact Detail:
Moniepoint Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk Management
✨Tip Number 1
Familiarize yourself with the latest trends in credit risk management and underwriting processes. This will not only help you understand the current landscape but also demonstrate your commitment to innovation and improvement during interviews.
✨Tip Number 2
Prepare to discuss specific examples of how you've optimized underwriting processes in your previous roles. Highlight your analytical skills and how you've used data to drive decision-making, as this aligns with the responsibilities of the Head of Credit Risk Management.
✨Tip Number 3
Showcase your ability to foster collaborative relationships with business leaders. Be ready to share instances where you've successfully partnered with other departments to enhance credit risk strategies and improve loan portfolio performance.
✨Tip Number 4
Emphasize your leadership experience and your approach to team development. Discuss how you've guided teams in the past, focusing on performance management and professional growth, which is crucial for the role at Moniepoint.
We think you need these skills to ace Head of Credit Risk Management
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Credit Risk Management position. Familiarize yourself with credit underwriting policies and the importance of minimizing credit risk.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in lending and credit risk roles. Provide specific examples of how you've successfully managed credit risk and improved underwriting processes in previous positions.
Showcase Analytical Skills: Demonstrate your analytical prowess by discussing your experience with data analysis and credit assessment. Include any relevant tools or methodologies you have used to extract insights from credit data.
Emphasize Collaboration: Since fostering collaborative relationships is crucial for this role, highlight your ability to work effectively with business leaders and teams. Share examples of how you've built supportive partnerships in your past roles.
How to prepare for a job interview at Moniepoint
✨Showcase Your Expertise in Credit Underwriting
Be prepared to discuss your experience with credit underwriting processes in detail. Highlight specific examples where you successfully minimized credit risk and improved loan performance, demonstrating your deep understanding of the principles and objectives behind these processes.
✨Emphasize Creativity and Critical Thinking
Moniepoint values innovation, so come ready to share ideas on how you can optimize the underwriting process. Think about past experiences where your creative solutions led to significant improvements and be ready to discuss them.
✨Demonstrate Analytical Skills
Prepare to analyze and interpret credit data during the interview. Bring examples of how you've used data-driven insights to inform strategic decisions in previous roles, showcasing your analytical prowess and ability to leverage existing credit data.
✨Foster Collaborative Relationships
Highlight your ability to build supportive partnerships with credit business leaders. Discuss how you have previously worked collaboratively to enhance loan portfolios while maintaining operational speed, emphasizing your people management skills and commitment to teamwork.
