Credit Risk Modeling Lead Job Vacancy in Benin City, Nigeria – Banking & Financial Services

Job Description

Position: Credit Risk Modeling Lead

Company: Fidelity Bank Nigeria

Location: Benin City, Nigeria

Experience: 5-8 years

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

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Credit Risk Management

Salary: NGN 3,000,000 – NGN 5,000,000 per annum

Vacancies:1

Company Overview

Fidelity Bank Nigeria is a leading indigenous financial institution with a strong presence across the country. Established in 2005, the bank has consistently delivered innovative banking solutions, fostering financial inclusion and supporting economic growth. With a robust network of branches and digital platforms, Fidelity Bank offers a wide range of services including retail banking, corporate banking, and wealth management. The bank’s commitment to excellence, integrity, and customer centricity makes it a top employer for professionals seeking dynamic career opportunities in Nigeria. As part of its strategic vision, Fidelity Bank is expanding its credit risk capabilities to enhance portfolio quality and regulatory compliance, creating exciting career opportunities for skilled analysts and leaders.

Job Overview

The Credit Risk Modeling Lead will spearhead the development, validation, and implementation of advanced credit risk models that support the bank’s lending decisions and risk management framework. Reporting to the Head of Credit Risk, you will collaborate with cross‑functional teams, including data science, finance, and IT, to ensure models are robust, compliant, and aligned with business objectives. This role offers a unique chance to influence the bank’s risk culture, drive data‑driven decision making, and contribute to the overall stability of the financial system. For more information about Fidelity Bank’s career portal, visit https://nigeriajobsearch.com/.

Key Responsibilities

• Design, develop, and maintain quantitative credit risk models for retail and corporate loan portfolios.
• Lead model validation processes, including back‑testing, stress testing, and regulatory reviews.
• Collaborate with data engineers to ensure high‑quality data pipelines for model inputs.
• Provide analytical insights and model performance reports to senior management and the Board.
• Mentor junior analysts and promote best practices in model governance.
• Stay abreast of regulatory changes and industry best practices to ensure model compliance.

Required Skills

• Proficiency in statistical programming languages such as R, Python, or SAS.
• Strong understanding of credit risk concepts, Basel III/IV frameworks, and IFRS 9.
• Experience with machine learning techniques and big data tools.
• Excellent analytical, problem‑solving, and communication skills.
• Ability to translate complex model outcomes into actionable business recommendations.

Education

A Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or a related discipline is required. A Master’s degree or professional certifications such as FRM, CFA, or PRM are highly desirable and will be considered an advantage during the selection process.

Experience

Applicants should possess a minimum of five to eight years of hands‑on experience in credit risk modeling, preferably within a banking or financial services environment. Prior experience leading model development projects and interacting with regulators will be viewed favorably.

Salary

The compensation package is competitive and commensurate with experience, ranging from NGN 3,000,000 to NGN 5,000,000 per annum, inclusive of performance‑based bonuses and other incentives.

Benefits

• Health insurance coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Annual leave and paid public holidays.
• Professional development allowance.
• Employee assistance program.

Training

• Comprehensive onboarding program covering bank policies, risk frameworks, and model governance.
• Access to internal and external training courses on advanced analytics, machine learning, and regulatory compliance.
• Opportunities to attend industry conferences and seminars.

Working Environment

Fidelity Bank offers a collaborative and inclusive workplace that encourages innovation and continuous learning. The role is based in Benin City, with access to modern office facilities, flexible working arrangements, and a supportive team culture that values diversity and professional growth.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal. Shortlisted applicants will be contacted for an initial interview, followed by technical assessments and a final interview with senior leadership.

Equal Opportunity Statement

Fidelity Bank 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, age, disability, or sexual orientation. All qualified applicants will receive consideration for employment without regard to any protected characteristic.