Credit Portfolio Analyst Job Vacancy in Benin City, Nigeria – Banking & Financial Services

Job Description

Position: Credit Portfolio Analyst

Company: First Bank of Nigeria

Location: Benin City, Nigeria

Experience: 3-5 years in credit analysis or portfolio management

Education: Bachelor’s degree in Finance, Economics, or related field

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Credit Risk Management

Salary: SSP 250,000 – 450,000 per month

Vacancies:1

Company Overview

First Bank of Nigeria, a cornerstone of the Nigerian financial landscape, has been delivering innovative banking solutions for over a century. With a robust presence across the nation and a commitment to digital transformation, the bank empowers individuals, SMEs, and large corporations to achieve their financial goals. Operating in Benin City, the bank serves a diverse client base, fostering economic growth and financial inclusion. As part of its strategic expansion, First Bank is seeking top talent to strengthen its Credit Risk Management team, offering a dynamic environment where ambition meets impact. This role contributes directly to the bank’s mission of sustainable growth and responsible lending, making it an ideal platform for professionals eager to shape the future of banking in Nigeria.

Job Overview

The Credit Portfolio Analyst will be responsible for monitoring, analyzing, and optimizing the bank’s credit portfolio to ensure risk-adjusted profitability. Working closely with senior credit officers, the analyst will evaluate loan performance, identify emerging risk trends, and recommend strategic actions to mitigate potential losses. This position plays a pivotal role in supporting the bank’s risk appetite framework while aligning with regulatory requirements. Candidates will engage with cross‑functional teams, leveraging advanced analytics and industry best practices to drive data‑informed decisions. For more information about the bank’s digital initiatives, visit the main portal https://nigeriajobsearch.com.

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Key Responsibilities

• Conduct comprehensive credit risk assessments for existing and new loan portfolios.
• Analyze portfolio performance metrics, including delinquency rates, loss given default, and exposure at default.
• Prepare detailed risk reports for senior management and regulatory bodies.
• Collaborate with credit officers to develop risk mitigation strategies and credit policy enhancements.
• Utilize statistical models and predictive analytics to forecast credit trends.
• Monitor compliance with the bank’s risk appetite and regulatory guidelines.
• Support the development of stress‑testing scenarios and scenario analysis.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel, SQL, and statistical software (e.g., SAS, R, Python).
• In‑depth knowledge of credit risk concepts, Basel III standards, and Nigerian banking regulations.
• Excellent communication skills for presenting complex data to non‑technical stakeholders.
• Attention to detail and ability to work under tight deadlines.
• Team‑oriented mindset with collaborative problem‑solving approach.

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 equivalent are highly desirable and will be considered an advantage during the selection process.

Experience

Candidates should possess 3 to 5 years of experience in credit analysis, portfolio management, or risk assessment within a banking or financial services environment. Prior exposure to large‑scale loan portfolios and experience with credit scoring models will be advantageous.

Salary

The compensation package ranges from SSP 250,000 to SSP 450,000 per month, commensurate with experience, qualifications, and performance. The package includes performance‑based bonuses and other incentives aligned with the bank’s profitability goals.

Benefits

• Comprehensive health insurance covering medical, dental, and vision.
• Retirement savings plan with employer contributions.
• Paid annual leave, sick leave, and public holidays.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• Onboarding program covering bank policies, risk frameworks, and compliance.
• Advanced analytics workshops and access to e‑learning platforms.
• Mentorship from senior credit risk leaders.
• Opportunities to attend industry conferences and seminars.

Working Environment

First Bank offers a modern, collaborative workspace in Benin City equipped with state‑of‑the‑art technology. The culture promotes continuous learning, innovation, and a strong sense of community. Employees benefit from flexible working arrangements, encouraging a healthy work‑life balance while maintaining high performance standards.

Application Process

Interested candidates should submit their updated resume and a cover letter outlining their relevant experience through the online application portal on the bank’s career site. Shortlisted applicants will be invited for a virtual interview followed by an on‑site assessment. The recruitment process is designed to be transparent, timely, and inclusive.

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, age, disability, or sexual orientation. Our hiring practices reflect our dedication to fairness and meritocracy.