Summary
Date Posted: Tuesday, January 25, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Key Duties & Responsibilities:
• Portfolio at Risk monitoring
• Provide ongoing support qualitative review and analysis of ECL estimation for the Bank (including CBK Prudential Guidelines, IFRS 9). Key analyses may include variance analysis, and attribution & scenario analysis.
• Undertake monthly ECL reviews and governance meetings with various stakeholders - Business Development and Credit Departments; and senior management.
• Together with senior departmental heads, coordinate with the periodic IFRS 9 Committee, which ensures governance mechanism for IFRS ECL.
• Coordinate with collaborators in Reporting and Data Management and Change Management to drive ongoing data quality and reporting improvements.
• Support maintenance of a robust and dynamic credit loss forecasting process as part of financial planning and budgeting.
• Drive automation and continuous enhancement of existing processes.
• Participate in Recovery Management projects and team critical initiatives as required.
• Work with the policy team on developing, enhancing and maintenance of relevant policies, procedures & guidelines
• Ensure that a robust and consistent control framework is established to meet the expectations of auditors/regulators. Manage relationships and respond to requests from audit functions
• Adherence to Cost to budget targets
• Monitoring the credit portfolio to ensure full compliance with the core principles of good lending enshrined in the Credit Risk Management Policy, Banking Act, and CBK’s Prudential Guidelines and early recognition of problem credits so as to mitigate against credit risks within the Bank.
• Expected credit loss - Management of the Bank’s ECL model to ensure compliance with IFRS 9 and relevant prudential requirements and including reporting and advising all the relevant stakeholders.
• Ensuring that the quality of the loan book is assessed and quantified, asset quality metrics are tracked
• Asset quality metrics
• Collection and Recovery targets
• Portfolio and data quality metrics of information on the core banking system
• Ensure Audit ratings are successful
• Regulatory inspection ratings
• Compliance and Governance benchmarks
• Maintaining an adequate risk control environment
• Portfolio data on the core banking and credit systems is of high quality
• Prudential impairment – compliance with prudential classification and impairment requirements
• Portfolio reporting (internal and external)
• Ensuring that compliance objectives are met which includes audit and regulatory inspection outcomes as per annually defined targets.
• Adherence to SLA.
• Adherence Customer satisfaction benchmarks.
• Adopting and developing a network of strong partnerships with the Business and Business Support teams and other functions of the Bank.
• Competence development for self.
• Participating in trainings offered by the Bank through E- learning, Internal & External training activities.

Desired Skills and Experience:
• Degree in accounting / finance or a quantitative field- Upper second division or equivalent.
• Master’s degree is an added advantage

Professional:
• Relevant professional qualification in Banking, accountancy, credit / risk management Desired
• 5 years of experience in finance or analytics within the banking industry, with exposure to lending products.
• High level proficiency in IFRS 9 Modelling (at least 2 years’ experience)
• Proficiency in MS Excel and MS Office applications.
• Prior experience with Expected Credit Loss concepts or modelling is a plus
• Proficiency in IT data management programs, financial analysis programs
• Proven ability to develop collaborative relationships with key internal stakeholders to achieve objectives and prioritizations
• High level proficiency in Spreadsheet tools and presentation of information.

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
If you meet the above requirements, please submit your detailed Curriculum Vitae quoting the job title as the subject to: recruitment@mayfaircib.com
Only shortlisted candidates will be contacted.
Mayfair-CIB Bank is an equal opportunity employer. We value the diversity of individuals, ideas, perspectives, insights, and values, and what they bring to the workplace.

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