Head of Credit Risk
Job-Type: Hybrid | Location: Lagos, Lagos, Nigeria | Full time
Description
Summary
Kuda is a money app for Africans on a mission to make financial services accessible, affordable and rewarding for every African on the planet.
We’re a tribe of passionate and diverse people who dreamed of building an inclusive money app that Africans would love so it’s only right that we ended up with the name ‘Kuda’ which means ‘love’ in Shona, a language spoken in the southern part of Africa.
We’re giving Africans around the world a better alternative to traditional finance by delivering money transfers, smart budgeting and instant access to credit through digital devices. We’ve raised over $90 million from some of the world’s most respected institutional investors, and we’re rolling out our game-changing services globally from our offices in Nigeria, South Africa, and the UK.
Role Overview
Join us at Kuda in this pivotal role and be the driving force in shaping and optimizing our Credit Risk strategies!
We are currently searching for a dynamic Head of Credit Risk to lead the Credit Risk team, spearhead the implementation and execute Kuda’s Credit Risk policies.
You’ll have the opportunity to drive streamlined collection practices and actively contribute to the development of relevant policies and protocols.
In addition, you’ll get to ensure precise reporting and strict adherence to Credit product practices within Nigeria.
Responsibilities
- Lead the Credit Risk team, end-to-end strategy roadmap and execution.
- Ensure proactive advocacy and steadfast adherence to Credit policies.
- Design Credit policies tailored to the unique dynamics of Kuda MFB in Nigeria.
- Build and operate the underwriting function for both consumer and business credit.
- Managing a team of underwriters, providing guidance, training, and feedback to ensure consistency and adherence to established underwriting standards.
- Spearhead active and compliant collection practices, demonstrating a commitment to regulatory standards and guidelines.
- Lead the strategic implementation of Credit initiatives within the Nigerian market, aligning efforts with organizational objectives.
- Establish, build and actively manage various relationships with external partners.
Requirements
- 10+ years of experience, with at least 4 years in a leadership position specifically within Credit Risk Management
- Extensive background in financial services or Fintech, underscoring a deep understanding of the industry’s nuances and dynamics
- Solid understanding of Credit regulation within the Nigeria banking industry
- In-depth hands-on expertise in the administration of Credit Risk policies, the Credit underwriting process, Credit Risk scoring methodologies, and precise calculation of unit costs for risk products
- BSc in Accounting, Economics, Banking, Finance and Commerce (or relevant fields)
Benefits
Why join Kuda?
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:
- Pension
- Competitive annual leave plus bank holidays
- Group life insurance
- Health insurance
- L&D training
- We are advocates of work-life baloptional nd offer a 3-day-per-week remote working option
Kuda is proud to be an equal opportunity employer. We value diversity and anyone seeking employment at Kuda is considered based on merit, qualifications, competence and talent.
We don’t regard colour, religion, race, national origin, sexual orientation, ancestry, citizenship, sex, marital or family status, disability, gender, or any other legally protected status. If you have a disability or special need that requires accommodation, please let us know.
Kuda Technologies Ltd logo
A few years ago, a small team of people determined to transform banking launched a savings app for Nigerians. That app was the first step toward Kuda.
Kuda is a full-service digital bank. Our mission is to make banking accessible, affordable and rewarding for all Africans. Kuda is free of ridiculous banking charges and great at helping customers budget, spend smartly and save more. We raised the largest seed round recorded in Africa, and completed Series B funding round in 2021, led by some of the world’s most respected institutional investors.
We’re a lively, diverse, and collaborative international Tribe, with offices in London (our HQ), Lagos and Cape Town (with more locations soon to be announced). We are growing rapidly and fast becoming a recognised leading challenger bank for Africans.
Learning opportunities, a clear career development path and cool company socials, are just a few of the benefits you’ll enjoy as a member of the Tribe.
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