Credit, Risk & Recovery Manager

Location: Ikeja, Lagos
Employment Type: Full-Time
Salary: ₦300,000 / Month
Reports To: Managing Director

Job Purpose:

The Credit, Risk & Recovery Manager is responsible for managing the full credit lifecycle of the bank—from origination to recovery—ensuring regulatory compliance, minimizing non-performing loans (NPLs), and safeguarding portfolio quality. This role is pivotal in shaping the bank’s risk posture and maintaining financial stability.

Key Responsibilities:

Credit Management:

• Develop and enforce credit policies in line with CBN regulations and risk appetite

• Review and approve/recommend loan applications after proper risk evaluation

• Oversee credit appraisal and ensure sound creditworthiness assessments

• Monitor loan disbursement, repayment trends, and portfolio performance

Risk Management:

• Identify and manage credit, operational, and market risks

• Conduct stress testing, credit reviews, and periodic portfolio analysis

• Maintain a detailed risk register and advise management on risk mitigation

• Ensure compliance with internal limits and regulatory guidelines

Recovery & Collections:

• Design and execute loan recovery strategies and collection policies

• Supervise delinquent account recovery, including legal escalations if needed

• Engage borrowers for restructuring or proactive loan resolution

• Minimize loan losses and optimize recovery rates

Reporting & Compliance:

• Generate reports on credit exposure, delinquency, and recoveries

• Ensure timely regulatory submissions and audit readiness

• Support internal/external audits on credit and risk matters

Key Performance Indicators (KPIs):

• Portfolio at Risk (PAR) and NPL ratio

• Loan recovery and restructuring success rates

• Credit approval speed and turnaround time

• Audit compliance and regulatory reporting accuracy

• Effectiveness of risk controls and mitigation efforts

Requirements:

• Bachelor’s Degree in Finance, Economics, Accounting, or related field (Master’s preferred)

• Professional certifications (e.g., CPA, CFA, CIBN) are a plus

• 5–10 years’ experience in credit, risk management, and debt recovery

• Strong grasp of credit scoring, financial analysis, and loan documentation

• Knowledge of CBN and financial regulations

• Excellent leadership and team management skills

• Integrity, analytical thinking, and proactive decision-making