Commercial Credit Risk Analyst Job Vacancy in Afikpo, Nigeria – Banking & Financial Services

Job Description

Position: Commercial Credit Risk Analyst

Company: First Bank of Nigeria

Location: Afikpo, Nigeria

Experience: 3-5 years in credit risk analysis, preferably within banking.

Education: Bachelor’s degree in Finance, Economics, Accounting or related field; Master’s preferred.

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

Salary: ₦2,500,000 – ₦4,000,000 per annum

Vacancies:1

Company Overview

First Bank of Nigeria, founded in 1894, stands as one of the oldest and most respected financial institutions in Africa. With a network of over 700 branches across the country and a strong digital footprint, the bank delivers comprehensive banking solutions to individuals, SMEs, and large corporations. Its commitment to innovation, financial inclusion, and sustainable growth has earned it a reputation as a leader in the Nigerian banking sector. As part of its ongoing expansion, First Bank continues to invest in talent that can drive robust risk management practices, ensuring the stability and profitability of its loan portfolio. This role contributes directly to the bank’s mission of delivering secure and reliable financial services, making it an attractive opportunity for professionals seeking meaningful Nigeria Jobs.

Job Overview

The Commercial Credit Risk Analyst will be responsible for assessing the creditworthiness of commercial borrowers, analyzing financial statements, and recommending credit limits that align with the bank’s risk appetite. Working closely with relationship managers and senior risk officers, the analyst will develop risk models, monitor portfolio performance, and provide actionable insights to mitigate potential losses. This position plays a pivotal role in safeguarding the bank’s assets while supporting the growth of its commercial lending business. Candidates will experience a dynamic environment that blends analytical rigor with strategic decision‑making, offering a unique platform for career advancement and exposure to high‑impact projects. The role is a key component of the bank’s Hiring in Nigeria strategy, aimed at attracting top talent for long‑term success.

Key Responsibilities

• Conduct thorough credit assessments of commercial loan applications, including financial statement analysis, cash flow modeling, and industry risk evaluation.
• Prepare detailed credit proposals and present findings to the Credit Committee for approval.
• Develop and maintain credit risk rating models that reflect current market conditions and regulatory requirements.
• Monitor existing commercial loan portfolios, identify early warning signals, and recommend remedial actions.
• Collaborate with relationship managers to structure loan terms that balance client needs with risk parameters.
• Produce regular risk reports and dashboards for senior management, highlighting portfolio trends and concentration risks.
• Stay updated on macro‑economic developments, sectoral trends, and regulatory changes affecting credit risk.
• Participate in audit and compliance reviews, ensuring adherence to internal policies and external regulations.

Required Skills

• Strong analytical and quantitative abilities with proficiency in financial modeling.
• Excellent written and verbal communication skills for report preparation and stakeholder presentations.
• Proficiency in risk management software and MS Excel; experience with SAS, R, or Python is a plus.
• Attention to detail and ability to work under tight deadlines.
• Sound understanding of Nigerian banking regulations and Basel III guidelines.
• Team‑oriented mindset with the capacity to collaborate across functions.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or a related discipline is required. Candidates with a Master’s degree or professional certifications such as CFA, FRM, or CPA will be given preference, reflecting the bank’s commitment to professional development and high standards of expertise.

Experience

Applicants should have 3‑5 years of hands‑on experience in credit risk analysis, preferably within a commercial banking environment. Experience in loan underwriting, portfolio monitoring, and risk reporting is essential. Prior exposure to the Nigerian market and familiarity with local industry dynamics will enhance candidacy.

Salary

The compensation package ranges from ₦2,500,000 to ₦4,000,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, pension contributions, and other statutory benefits, aligning with the bank’s competitive Employment in Nigeria framework.

Benefits

• Comprehensive health and life insurance coverage.
• Pension scheme with employer matching.
• Annual performance bonus linked to individual and bank performance.
• Professional development allowance for certifications and training.
• Flexible working arrangements and remote work options where applicable.
• Employee wellness programs and recreational facilities.

Training

• On‑boarding program covering First Bank’s risk policies, systems, and culture.
• Continuous learning modules on credit risk modeling, regulatory updates, and advanced analytics.
• Mentorship from senior risk officers and access to internal knowledge portals.
• Opportunities to attend industry conferences and workshops.

Working Environment

First Bank offers a collaborative and inclusive workplace that values diversity, innovation, and integrity. The Afikpo office provides a modern, well‑equipped setting with access to cutting‑edge technology and a supportive team culture. Employees are encouraged to share ideas, take ownership of projects, and contribute to the bank’s strategic objectives, making it an ideal environment for ambitious professionals seeking Career Opportunities in Nigeria.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role via the online portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial interview. For more information about the application steps, please visit https://nigeriajobsearch.com/. Ensure you reference the job title in your submission to facilitate proper tracking of this Job Vacancy in Nigeria.

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 any other characteristic protected by law. All qualified applicants will receive consideration for employment without discrimination, reinforcing our dedication to fair Hiring in Nigeria practices.