Credit Risk Analyst
Description
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 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.
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
Proficiency in the use of Microsoft office, SQL, A and Data Analytics
Critical thinking and problem solving skills
A minimum of 4years experience in Credit Risk from a Banking sector or Fintech space
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:
Pension
Competitive annual leave plus bank holidays
Group life insurance
Health insurance
L&D training
We are advocates of work-life balance and offer a 3 day per week remote working option
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 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.
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
Proficiency in the use of Microsoft office, SQL, A and Data Analytics
Critical thinking and problem solving skills
A minimum of 4years experience in Credit Risk from a Banking sector or Fintech space
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:
Pension
Competitive annual leave plus bank holidays
Group life insurance
Health insurance
L&D training
We are advocates of work-life balance and offer a 3 day per week remote working option
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