Credit Risk Analyst Job Vacancy in Benin City, Nigeria – Banking and Financial Services
Job Description
Position: Credit Risk Analyst
Company: First Bank of Nigeria
Location: Benin City, Nigeria
Experience: 3-5 years in credit risk analysis
Education: Bachelor’s degree in Finance, Economics, Accounting or related field
Employment Type: Full-time
Industry: Banking and Financial Services
Department: Risk Management
Salary: SSP 2,500,000 – SSP 4,000,000 per annum
Vacancies:1
Company Overview
First Bank of Nigeria, established in 1894, is one of the oldest and most respected financial institutions in Africa. With a network of over 700 branches across Nigeria and a strong presence in West Africa, the bank delivers a wide range of banking services to individuals, SMEs, and large corporations. The institution is renowned for its commitment to financial inclusion, innovative digital banking solutions, and robust corporate governance. As a leading employer, First Bank offers career pathways that empower employees to grow, contribute to national development, and be part of a dynamic, inclusive workplace. This role contributes directly to the bank’s mission of delivering sustainable financial services while supporting Nigeria Jobs and broader Job Vacancy in Nigeria initiatives.
Job Overview
The Credit Risk Analyst will join the Risk Management Department to evaluate credit proposals, monitor portfolio performance, and ensure compliance with regulatory standards. The analyst will work closely with relationship managers, credit officers, and senior risk leaders to provide data‑driven insights that safeguard the bank’s asset quality. This position plays a pivotal role in maintaining the bank’s strong credit culture and supports the broader goal of creating Career Opportunities in Nigeria.
Key Responsibilities
- Analyze credit applications, financial statements, and market data to assess borrower creditworthiness.
- Prepare detailed credit risk reports, including risk ratings, exposure limits, and recommended actions.
- Monitor existing loan portfolios for early warning signals and recommend remedial actions.
- Collaborate with product teams to design risk‑adjusted pricing models.
- Ensure adherence to Central Bank of Nigeria (CBN) guidelines and internal credit policies.
- Participate in credit committee meetings and present risk assessments.
- Utilize advanced analytical tools and statistical models to forecast credit loss provisions.
- Maintain accurate documentation in the bank’s risk management system.
Required Skills
- Strong analytical and quantitative abilities with proficiency in Excel, SQL, and statistical software (e.g., SAS, R, or Python).
- In‑depth knowledge of credit risk frameworks, Basel III, and Nigerian banking regulations.
- Excellent written and verbal communication skills for report preparation and stakeholder presentations.
- Attention to detail and ability to work under tight deadlines.
- Team‑oriented mindset with the capacity to influence cross‑functional partners.
Education
A minimum of a Bachelor’s degree in Finance, Economics, Accounting, or a related discipline is required. Professional certifications such as CFA, FRM, or CISA are considered an advantage and demonstrate a commitment to continuous learning.
Experience
Candidates should have 3‑5 years of hands‑on experience in credit risk analysis, preferably within a commercial banking environment. Experience with loan underwriting, portfolio monitoring, and risk modeling is essential.
Salary
The compensation package ranges from SSP 2,500,000 to SSP 4,000,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses and other statutory benefits.
Benefits
- Comprehensive health insurance for employee and dependents.
- Retirement savings plan with employer contributions.
- Paid annual leave, sick leave, and public holidays.
- Professional development allowance and support for certifications.
- Employee assistance program and wellness initiatives.
Training
- On‑boarding program covering bank policies, risk management tools, and compliance standards.
- Continuous learning modules on advanced credit analytics, data science, and regulatory updates.
- Mentorship from senior risk officers to accelerate career growth.
Working Environment
First Bank offers a collaborative, technology‑enabled workspace located in Benin City’s central business district. Employees benefit from modern office facilities, flexible working arrangements, and a culture that values diversity, integrity, and innovation. The bank’s commitment to Employment in Nigeria is reflected in its inclusive hiring practices and employee resource groups.
Application Process
Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the bank’s online career portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial virtual interview.
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Equal Opportunity Statement
First Bank of Nigeria is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, disability, or sexual orientation. Our hiring practices support the principle of Hiring in Nigeria and aim to provide fair access to all qualified candidates.
