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Polaris Bank Recruitment For Risk Management Officer – Credit Analysis

Polaris Bank Recruitment For Risk Management Officer – Credit Analysis. Polaris Bank is now recruiting to fill the position of Risk Management Officer – Credit Analysis. See how to apply below and the requirements.

Polaris Bank was established by the Central Bank of Nigeria (CBN) on September 21, 2018, to offer commercial banking services to the Nigerian public. The bank commenced services on the same day, having purchased the assets and assumed certain liabilities of the defunct Skye Bank. With a footprint of over 350 branches across the country, Polaris Bank prides itself in delivering exceptional customer experience, leveraging best-in-class/state-of-the-art Information Communication Technology (ICT). By focusing on ICT solutions across multiple service delivery channels (mobile banking, ATMs, POS and online platforms) Polaris Bank maintains a pivotal role in the Nigerian banking industry, providing customers with simple, convenient, and secured banking services.

We are recruiting to fill the position below:

Job Title: Risk Management Officer – Credit Analysis

Location: Nigeria

Job Description

Who are we looking for:

We are looking for candidates who will be responsible for analyzing credit proposals and financials of customers, second-level review of credit applications, interfacing with the business areas with a view to resolving all the observed issues and providing objective lending recommendations to management.

Job Responsibilities

Development of product programs for selected businesses/markets in line with the risk appetite of the Bank.
Development of sectorial reports/industry reviews for the Bank.
Identifying inherent credit, financial and business risks in credit proposals and instilling these into the credit and developing the optimal structure for credit facilities.
Conducts periodic reviews of the Bank’s credit policy in line with the dynamism of the Bank’s operating environment.
Developing and enforcing the use of an applicable checklist of supporting documents for a credit proposal before consideration.
Organizing sessions with Credit Compliance, Market Risk, and Legal Department etc. for feedback looping to review credits and examine the accuracy of our credit judgments, obtaining more credit information, revising credit documentation like offer letters, and reviewing the credit process for more efficiency and effectiveness.
Identifying and mitigating legal risks in our business activities and transactions through ensuring proper account opening documentation and maintaining good synergy in credit appraisals and legal documentation (offer letters and other commitments) review with Legal Department.
Facilitating the bank’s level of compliance to know our customers and their businesses (KYC/KYB) as well as participating in implementing processes/controls to combat money laundering and terrorist financing.
Working with IT in ensuring continuous improvement in technology infrastructure, process rejuvenation/revalidation and training of stakeholders in credit creation.
Paying visits to customers’ factories/offices, suppliers/contractors, employers, collaterals including warehouses etc. to confirm credit information provided in the credit proposals.
Ensuring that LTP maintains and updates a database of all approved credits bank-wide and render a such report on a monthly and quarterly basis.
On an ongoing basis, organize credit training for the account officers and relationship managers.
Ensuring that the credit reporting format (the CPM) is updated in line with changing trend in the bank and in compliance with regulatory authorities.