Credit Risk Analyst Job at Kuda Bank

Kuda is a full service, app-based digital bank. Our mission is to be the go-to bank not just for those living on the African continent, but also for the African diaspora wherever they might live, anywhere in the world. Kuda is free of ridiculous banking charges and great at helping customers budget, spend smartly and save more. We raised the largest seed round ever seen in Africa, and completed a Series A funding round in February 2021, led by some of the world's smartest venture capital investors. With offices in London (our HQ), Lagos and Cape Town, and further offices opening across Africa during 2021, Kuda is fast becoming recognised as the leading 'Neobank' for Africans.

To help us grow into the company that can bring meaningful change to the way people across Africa get access to great financial products and services in order to take control of their personal finances, we are actively looking for bright, talented, driven people who are excited by our mission. If this sounds like a great way to spend your valuable time, then please get in touch with us.

We are recruiting to fill the position below:

Job Position: Credit Risk Analyst

Job Location: Lagos
Job type: Full-time

Role Purpose

• The role of a Credit Risk Analyst in a bank is to assess and evaluate the creditworthiness of borrowers and the potential risks associated with extending credit to them.
• Their primary purpose is to analyze and mitigate credit risks to protect the bank's assets and ensure a healthy loan portfolio
• Overall, the role of a Credit Risk Analyst is crucial in ensuring that the bank makes sound lending decisions, manages credit risks effectively, and maintains a healthy loan portfolio that aligns with the institution's risk appetite and regulatory requirements.

Job Description

• Credit Analysis: Conduct thorough assessments of loan applications, financial statements, credit reports, and other relevant data to determine the creditworthiness of borrowers. This involves analyzing the financial health of individuals, businesses, or other entities applying for credit.
• Risk Assessment: Evaluating and quantifying the potential risks associated with extending credit, such as default risk, repayment capacity, market conditions, industry risks, and collateral value. This includes using statistical models, financial ratios, and other risk assessment tools to make informed decisions.
• Credit Scoring and Rating: Assigning credit scores or ratings to borrowers based on their creditworthiness. This helps in ranking and categorizing borrowers into different risk segments, allowing the bank to determine appropriate lending terms, interest rates, and credit limits.
• Portfolio Monitoring: Monitoring the ongoing performance of the loan portfolio, identifying early warning signs of credit deterioration, and implementing risk mitigation strategies when necessary. This involves tracking changes in borrowers' financial positions, market conditions, and other factors that may impact their ability to repay loans.
• Policy and Procedure Development: Assisting in the development and implementation of credit risk policies, procedures, and guidelines to ensure compliance with regulatory requirements and industry best practices. This includes recommending improvements to existing risk management frameworks.
• Reporting and Documentation: Generating regular reports on credit risk metrics, trends, and portfolio quality to management and other stakeholders. Credit Risk Analysts also maintain accurate records of credit assessments, decisions, and related documentation.
• Collaboration and Communication: Collaborating with other teams within the bank, such as underwriters, loan officers, and senior management, to provide risk insights and recommendations. Credit Risk Analysts also communicate credit decisions, conditions, and terms to borrowers, as well as respond to their inquiries.

Requirements

• HND / BSc in Finance, Accounting, or a related field of study.
• A minimum of 4 years of experience in Credit Risk from a Banking sector or Fintech space
• Proficiency in the use of Microsoft office, SQL, A and Data Analytics
• Critical thinking and problem solving skills
• Good report writing and communication skills
• Customer service skills
• Good analytical skills.

Benefits
At Kuda, our people are the heart of our business, so we prioritize your welfare. We offer a wide range of competitive benefits in areas including but not limited to:

• A great and upbeat work environment populated by a multinational team
• Pension
• Career development & growth
• Competitive annual leave plus bank holidays
• Competitive paid time off (Parental, Moving day, Birthday, Study leave etc)
• Group life insurance
• Medical insurance
• Well-fare package (Wedding, Compassionate and etc)
• Perkbox
• Goalr - employee wellness app
• Award winning L&D training
• We are advocates of work-life balance, working in a hybrid in office schedule.