Credit Portfolio Manager Job Vacancy in Ilorin, Nigeria – Banking & Financial Services

Job Description

Position: Credit Portfolio Manager

Company: First Bank of Nigeria

Location: Ilorin, Nigeria

Experience: 5+ years in credit risk 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 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 robust network of over 700 branches across Nigeria and a strong presence in West Africa, the bank offers a comprehensive suite of banking services ranging from retail and corporate banking to investment and treasury solutions. As a leading employer, First Bank consistently contributes to Nigeria Jobs and supports career growth through innovative training programs and a culture of excellence. The bank’s commitment to digital transformation, financial inclusion, and sustainable banking makes it an attractive destination for professionals seeking meaningful impact and long‑term career development in the banking sector.

First Bank’s strategic focus on risk‑adjusted growth and customer‑centric solutions aligns with the evolving financial landscape in Nigeria. The institution leverages cutting‑edge analytics, robust governance frameworks, and a deep understanding of local markets to deliver superior value to its stakeholders. By joining First Bank, you become part of a legacy of trust, stability, and forward‑thinking leadership that drives the nation’s economic progress.

Job Overview

The Credit Portfolio Manager will lead the management and optimization of the bank’s credit portfolio in the Ilorin region, ensuring sound risk practices while supporting profitable growth. This role involves close collaboration with relationship managers, credit analysts, and senior risk officers to evaluate credit proposals, monitor portfolio performance, and implement risk mitigation strategies. The successful candidate will play a pivotal role in shaping credit policy, enhancing underwriting standards, and driving data‑driven decision making. As part of First Bank’s dynamic team, you will have access to advanced analytics tools and a supportive environment that encourages innovation and professional advancement.

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Key Responsibilities

• Develop and maintain a high‑quality credit portfolio aligned with the bank’s risk appetite and profitability targets.
• Conduct comprehensive credit assessments, including financial statement analysis, cash‑flow modeling, and industry risk evaluation.
• Monitor existing exposures, identify early warning signals, and recommend corrective actions to mitigate credit deterioration.
• Collaborate with relationship managers to structure tailored financing solutions that meet client needs while adhering to credit policies.
• Prepare detailed credit proposals, risk ratings, and presentation materials for senior credit committees.
• Lead periodic portfolio reviews, stress testing, and reporting to senior management and regulatory bodies.
• Stay abreast of macro‑economic trends, regulatory changes, and sector‑specific developments affecting credit risk.
• Mentor junior credit analysts and promote best practices in credit underwriting and risk management.

Required Skills

• Strong analytical and quantitative abilities with proficiency in financial modeling and credit scoring.
• Excellent communication and presentation skills for interacting with senior stakeholders.
• Deep understanding of Nigerian banking regulations, Basel III standards, and credit risk frameworks.
• Proficiency in credit risk management software and advanced Excel functions; experience with SAS or R is a plus.
• Ability to work independently, prioritize tasks, and meet tight deadlines in a fast‑paced environment.
• Leadership qualities with a collaborative mindset to drive cross‑functional initiatives.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or a related discipline is required. Professional certifications such as CFA, FRM, or CISA are highly desirable and will be considered an advantage during the selection process.

Experience

Applicants must have at least five years of progressive experience in credit risk management, preferably within a commercial banking environment. Demonstrated experience in managing medium to large credit portfolios, conducting credit reviews, and presenting to credit committees is essential.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 4,000,000 per annum, commensurate with experience, qualifications, and performance. The package includes a performance‑based bonus structure aligned with portfolio profitability and risk metrics.

Benefits

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

Training

• On‑boarding program covering First Bank’s risk policies, systems, and culture.
• Continuous learning modules on advanced credit analytics, regulatory updates, and leadership development.
• Access to internal e‑learning platform and external industry conferences.

Working Environment

First Bank offers a modern, inclusive workplace located in the heart of Ilorin’s business district. The office is equipped with state‑of‑the‑art technology, collaborative workspaces, and a supportive team culture that values diversity, integrity, and innovation. Employees enjoy a balanced work‑life environment with flexible working arrangements where applicable.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the First Bank career portal. Applications will be screened by the Talent Acquisition team, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment. The recruitment timeline is typically four weeks from the closing date.

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 are designed to ensure fairness and transparency, supporting the principle of merit‑based recruitment.