- Company: Memento Microfinance Bank Limited
- Location: Yaba, Lagos
- Job type: Hybrid
About the role
Memento Microfinance Bank (MMFB) is a Tier 1 Unit microfinance bank licensed by the Central Bank of Nigeria (CBN). The bank focuses on supporting the economic growth of individuals and small to medium-sized businesses through digital products like micro-savings, microloans, and financial advisory services. The Credit Risk Officer will assess loan applications and provide data-driven recommendations in line with the bank’s credit policies and risk appetite.
Responsibilities
- Review loan applications and supporting documents for completeness and compliance with lending requirements.
- Analyze bank statements, cash flows, business performance, and repayment capacity.
- Review credit bureau reports from approved agencies such as CRC and First Central.
- Coordinate KYC and risk checks, including BVN, NIN, CAC, and sanctions screening.
- Prepare credit appraisal reports with clear, evidence-based recommendations.
- Verify that approved Conditions Precedent (CPs) are fulfilled before disbursement.
- Monitor loan exposures, repayment performance, and borrower financial health.
- Identify and escalate missed repayments, delinquency trends, and other early warning signals.
- Prepare credit risk reports and maintain accurate portfolio records.
- Collaborate with Relationship Officers, Compliance, and Finance teams to ensure smooth loan processing.
Requirements
- Bachelor’s Degree in Finance, Accounting, Economics, Business Administration, Statistics, or a related discipline.
- Minimum of 3 years’ relevant experience in credit, risk management, banking, microfinance, or financial services.
- Good understanding of credit assessment, lending processes, and borrower financial analysis.
- Knowledge of SME and retail/microfinance lending, credit bureau reports, and loan documentation.
- Understanding of KYC, AML, and applicable financial services regulations.
- Strong analytical, numerical, problem-solving, and communication skills.
- Proficiency in Microsoft Excel and other relevant analytical tools.
How to apply
Interested and qualified candidates should click here to apply online.
