Development Bank of Nigeria (DBN) Recruitment
The Development Bank of Nigeria (DBN) was established by the Federal Government of Nigeria in partnership with global development institutions to tackle the significant funding challenges encountered by Micro, Small, and Medium Enterprises (MSMEs) across the country. Our mission is to enhance access to finance for MSMEs and small businesses by offering funding solutions and partial credit guarantees to eligible financial intermediaries, ensuring financial sustainability and market-aligned operations.
We are currently hiring for the position below:
Job Title: Credit Risk Assessment Officer – Direct Lending
Location: Abuja
Department: Risk Management
Job Overview
This role is responsible for supporting the bank’s direct lending activities by ensuring full compliance with its credit policies and risk tolerance. The officer will integrate risk management principles into the lending process while overseeing the evaluation, monitoring, and reporting of credit risks associated with non-regulated financial institutions, including FinTechs, Microfinance Institutions (MFIs), Financial NGOs, Digital Lending platforms, and other retail financial entities.
Additionally, the officer will assess potential obligors presented by the Credit Operations team to ensure they meet Risk Acceptance Criteria and are rated appropriately according to the bank’s credit policy. The role also involves implementing and monitoring compliance with the Environmental and Social Risk Management (E&S RM) Policy.
Key Responsibilities
Risk Management Functions:
- Ensure compliance with all risk-related policies, including the Direct Lending Framework, Credit Policy Guide, and ESRM Policy.
- Assist in developing risk models, credit rating frameworks, and exposure limits for direct lending activities.
- Identify emerging risks in MSME financing and propose appropriate risk mitigation strategies.
- Continuously assess the creditworthiness of non-regulated financial partners and ensure compliance with risk policies, including environmental and social risk considerations.
- Collaborate with regulators, auditors, and other external stakeholders to maintain transparency and compliance.
- Support the preparation and execution of the annual Credit Portfolio Plan, including ongoing reviews and updates.
Effective Credit Risk Management:
- Conduct eligibility assessments and due diligence on new direct lending partners, verifying their financial health and risk exposure.
- Assist in analyzing the impact of the bank’s Direct Lending Framework and recommend necessary adjustments.
- Monitor the credit performance of financial institutions and identify early warning signs of potential defaults.
- Develop risk reporting tools, dashboards, and analytical reports to support decision-making.
- Conduct stress testing and scenario analysis to assess the resilience of the bank’s credit portfolio.
- Ensure continued compliance of existing borrowers with eligibility criteria through periodic due diligence.
- Oversee collateral management and review loan drawdown requests to confirm adherence to lending terms.
- Prepare and submit reports to relevant committees, including the MCC and BCRC.
Environmental & Social Risk Management (E&S RM) Compliance:
- Ensure full compliance with Environmental and Social Risk Management policies.
- Support the implementation and periodic review of the ESRM framework.
- Screen loan applicants based on environmental and social risk factors, recommending corrective actions where needed.
- Provide regular updates to development partners on ESRM policy implementation progress.
Key Performance Indicators:
- Effectiveness in communicating and implementing risk management strategies.
- Loan processing efficiency and credit approval turnaround time.
- Quality of the loan portfolio, ensuring the Non-Performing Loan (NPL) ratio remains within acceptable limits.
- Compliance with internal and external audit standards.
- Identification and mitigation of emerging risk factors.
- Regulatory and partner evaluations of the bank’s risk management approach.
- Accuracy and timeliness of credit risk reports.
- Adherence to ESRM policies and feedback from development partners.
- Timely submission of reports and responsiveness to risk management concerns.
- Customer satisfaction levels and compliance with the bank’s risk appetite framework.
Qualifications and Requirements:
Educational Background:
- Bachelor’s degree in Accounting, Finance, Economics, Business Administration, or any related Social Science discipline.
Professional Certifications:
- Membership in professional bodies such as RIMAN, PRMIA, RMP, ACCA, or any other recognized certification is an added advantage.
Work Experience:
- Minimum of 5 years of experience in credit risk management within commercial or corporate banking in a financial institution.
Core Competencies:
Knowledge:
- Strong understanding of banking regulations and credit risk policies.
- Proficiency in credit rating models and risk management procedures.
- Knowledge of regulatory requirements and operational risks in financial services.
- In-depth familiarity with credit risk management in MSME, commercial, and corporate banking.
Technical Skills:
- Proficiency in Microsoft Word, Excel, and PowerPoint.
- Strong analytical, problem-solving, and organizational skills.
- Effective communication and report-writing capabilities.
- Expertise in risk management systems, credit scoring, and data-driven risk assessment tools.
Behavioral Attributes:
- Problem-solving mindset and analytical thinking.
- High level of integrity and ethical conduct.
- Strong teamwork and collaboration skills.
- Ability to work independently and in a fast-paced environment.
- Conflict management and responsiveness to critical risk issues.
Application Deadline:
4th April 2025
How to Apply:
Interested and qualified candidates should submit their resumes to careers@devbankng.com with the job title as the subject of the email.
