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

Job Description

Position:Credit Portfolio Optimization Manager

Company:Union Bank of Nigeria

Location:Yenagoa, Nigeria

Experience:7-10 years

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

Employment Type:Full-time

Industry:Banking & Financial Services

Department:Credit Risk Management

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

Vacancies:1

Company Overview

Union Bank of Nigeria is a leading indigenous bank with a heritage spanning over a century. With a strong presence across the country and a commitment to digital transformation, Union Bank delivers innovative financial solutions to individuals, SMEs, and large corporations. The bank’s core values of integrity, customer focus, and excellence drive its mission to empower the Nigerian economy. As part of its strategic growth, Union Bank continuously invests in talent, technology, and sustainable practices, making it an attractive employer for professionals seeking impactful careers in the financial sector. This role contributes directly to the bank’s vision of robust credit management and portfolio profitability, aligning with national economic development goals and offering a platform for career advancement.

Job Overview

The Credit Portfolio Optimization Manager will lead the design, implementation, and continuous improvement of credit portfolio strategies that maximize risk-adjusted returns while ensuring regulatory compliance. Reporting to the Head of Credit Risk, the incumbent will collaborate with cross‑functional teams including Credit Analytics, Business Development, and IT to develop data‑driven models, optimize underwriting processes, and enhance portfolio monitoring frameworks. This position plays a pivotal role in shaping Union Bank’s credit culture, supporting sustainable lending practices, and driving profitability across all business lines. For more information about Union Bank’s career portal, visit https://nigeriajobsearch.com.

Key Responsibilities

• Develop and execute credit portfolio optimization strategies that align with the bank’s risk appetite and profitability targets.
• Lead advanced analytics initiatives, leveraging statistical models, machine learning, and scenario analysis to assess portfolio performance.
• Collaborate with product heads to design credit products that meet market demand while maintaining sound risk parameters.
• Monitor key risk indicators, conduct stress testing, and provide actionable insights to senior management.
• Ensure compliance with Central Bank of Nigeria (CBN) regulations, Basel III standards, and internal credit policies.
• Mentor and coach junior analysts, fostering a culture of continuous learning and analytical excellence.
• Prepare comprehensive reports and presentations for the Board’s Credit Committee and external auditors.

Required Skills

• Strong expertise in credit risk modeling, portfolio analytics, and financial statement analysis.
• Proficiency in statistical software (e.g., SAS, R, Python) and data visualization tools (e.g., Power BI, Tableau).
• Excellent communication and stakeholder management skills, with the ability to translate complex data into clear business recommendations.
• Deep understanding of Nigerian banking regulations and macro‑economic factors affecting credit risk.
• Strategic thinking, problem‑solving orientation, and ability to work under tight deadlines.

Education

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

Experience

The successful candidate will have 7‑10 years of progressive experience in credit risk management, portfolio analysis, or related financial services roles. Prior experience within a major Nigerian bank or an international financial institution is preferred, with a proven track record of leading analytical projects and delivering measurable improvements in portfolio performance.

Salary

The compensation package ranges from ₦3,000,000 to ₦5,000,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, pension contributions, and other statutory benefits.

Benefits

• Competitive health and life insurance coverage.
• Retirement savings plan with employer matching.
• Annual performance bonus linked to portfolio outcomes.
• Professional development allowance for certifications and training.
• Flexible working arrangements and remote work options where applicable.

Training

• Onboarding program covering Union Bank’s credit policies, systems, and risk culture.
• Access to internal and external workshops on advanced analytics, machine learning, and regulatory updates.
• Mentorship from senior credit risk leaders and participation in cross‑functional project teams.

Working Environment

Union Bank offers a collaborative, inclusive, and technology‑enabled workplace. Employees benefit from modern office spaces in Yenagoa, state‑of‑the‑art IT infrastructure, and a culture that encourages innovation and continuous improvement. The bank’s commitment to diversity and work‑life balance ensures a supportive environment for all staff.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal. Applications will be screened by the Talent Acquisition team, followed by a series of interviews with the Credit Risk leadership and HR. For additional career resources, explore https://cameroonjobsearch.com/ and https://ghanajobsearch.com/.

Equal Opportunity Statement

Union 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. All qualified applicants will receive consideration for employment without regard to any protected characteristic.