Lead, Payroll Lending

The Lead, Payroll Lending, will oversee the bank's payroll lending business, with responsibility for growing the loan portfolio, managing credit risks, improving lending operations and ensuring profitability.

The role involves developing lending strategies, building relationships with employers and corporate organisations, overseeing loan processing and repayment, and ensuring compliance with relevant banking regulations.

Key Responsibilities

• Develop and implement strategies to grow the bank's payroll lending business and increase loan disbursement.
• Oversee the entire loan process, from application and assessment to disbursement, repayment and recovery.
• Manage credit risks and implement strategies to minimise loan defaults and improve repayment rates.
• Build relationships with employers, government agencies and corporate organisations to generate new lending opportunities.
• Monitor loan portfolio performance, identify risks and implement measures to improve portfolio quality and profitability.
• Review and improve lending policies, procedures and operational processes.
• Work with the Product and IT teams to develop and improve payroll loan products and systems.
• Ensure compliance with CBN regulations, applicable laws and the bank's internal policies.
• Prepare regular reports on loan performance, disbursement, repayments, defaults and business growth.
• Lead and supervise the payroll lending team, ensuring productivity and achievement of business targets.
• Collaborate with Risk, Finance, Compliance, IT and other departments to ensure effective lending operations.

Educational Qualifications and Experience

• Bachelor's degree in Finance, Accounting, Economics, Business Administration or a related field.
• Minimum of 5 years' relevant experience in consumer lending, credit management, payroll lending or unsecured loans.
• Previous experience managing a loan portfolio within a bank, microfinance bank, consumer finance company or other financial institution.
• Professional certifications such as CIBN, CRMS, ACA or other relevant certifications will be an advantage.

Required Skills and Competencies

• Good understanding of payroll lending, consumer loans and unsecured credit.
• Strong knowledge of credit assessment, loan portfolio management and debt recovery.
• Ability to grow a lending business and manage credit risks.
• Experience in business development and corporate relationship management.
• Knowledge of CBN regulations and Nigerian banking practices.
• Strong leadership, communication and negotiation skills.
• Good analytical, reporting and problem-solving abilities.
• Ability to manage teams and deliver business targets.

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