Credit Risk Modeling Analyst Job Vacancy in Lagos, Nigeria – Banking & Financial Services

Job Description

Position: Credit Risk Modeling Analyst

Company: Bank of Industry

Location: Lagos, Nigeria

Experience: 3-5 years in credit risk analysis or modeling

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

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

Salary: NGN 2,500,000 – NGN 3,500,000 per annum

Vacancies:1

Company Overview

Bank of Industry (BOI) is a leading development finance institution in Nigeria, dedicated to fostering industrial growth and economic diversification. With a robust portfolio that spans manufacturing, agribusiness, technology, and infrastructure, BOI provides long‑term financing, advisory services, and strategic partnerships to accelerate the nation’s industrialisation agenda. Headquartered in Lagos, the bank operates across all geopolitical zones, supporting both large‑scale enterprises and emerging SMEs. BOI’s commitment to sustainable development, innovation, and inclusive finance makes it a premier employer for professionals seeking to contribute to Nigeria Jobs that drive real impact. As part of its mission, BOI continuously invests in talent, offering career pathways that align with the country’s Vision 2030 and the broader goals of Employment in Nigeria.

Job Overview

The Credit Risk Modeling Analyst will play a pivotal role in designing, developing, and validating quantitative models that assess credit risk across BOI’s diverse loan portfolio. Reporting to the Head of Credit Risk, the analyst will collaborate with data scientists, portfolio managers, and senior risk officers to ensure that risk metrics are accurate, regulatory‑compliant, and aligned with the bank’s strategic objectives. This position offers a unique opportunity to influence decision‑making processes, support the bank’s Hiring in Nigeria initiatives, and contribute to the creation of robust risk frameworks that underpin sustainable lending practices. The role is central to BOI’s ambition to become a benchmark for risk excellence in the African banking sector.

Key Responsibilities

• Develop and maintain credit risk scorecards, PD/LGD models, and stress‑testing frameworks.
• Perform data extraction, cleaning, and transformation using SQL, Python, or R.
• Validate model performance through back‑testing, benchmarking, and sensitivity analysis.
• Document model methodology, assumptions, and validation results in compliance with Basel III and local regulatory standards.
• Collaborate with business units to integrate model outputs into credit approval workflows.
• Monitor model risk indicators and recommend enhancements to improve predictive power.
• Prepare analytical reports and presentations for senior management and regulatory bodies.
• Stay abreast of industry best practices, emerging analytics techniques, and regulatory updates.

Required Skills

• Strong proficiency in statistical modeling, econometrics, and machine learning techniques.
• Advanced knowledge of SQL and programming languages such as Python or R.
• Experience with credit risk concepts, Basel III, and IFRS 9.
• Excellent analytical and problem‑solving abilities.
• Effective communication skills for translating complex models to non‑technical stakeholders.
• Attention to detail and strong documentation practices.
• Ability to work independently and as part of cross‑functional teams.
• Familiarity with data visualization tools (e.g., Tableau, Power BI) is a plus.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or a related quantitative discipline is required. Candidates with a Master’s degree or professional certifications such as CFA, FRM, or PRM are highly preferred, reflecting BOI’s commitment to attracting top talent for Career Opportunities in Nigeria.

Experience

Applicants should have 3‑5 years of hands‑on experience in credit risk modeling, quantitative analysis, or related financial analytics roles within banking, financial services, or consulting firms. Demonstrated experience in model development, validation, and regulatory reporting is essential.

Salary

The compensation package ranges from NGN 2,500,000 to NGN 3,500,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses and comprehensive benefits.

Benefits

• Health insurance covering employee and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays.
• Professional development allowance.
• Transportation and meal subsidies.
• Employee assistance program.

Training

• On‑boarding program covering BOI’s risk framework and systems.
• Continuous learning workshops on advanced analytics and regulatory updates.
• Mentorship from senior risk officers.
• Access to online courses and certifications.
• Participation in industry conferences and seminars.

Working Environment

BOI offers a collaborative, inclusive, and technology‑driven workplace located in the vibrant Lagos business district. Employees benefit from modern office facilities, flexible working arrangements, and a culture that encourages innovation, knowledge sharing, and work‑life balance. The bank’s commitment to diversity and inclusion ensures that every team member can thrive and contribute to the nation’s economic growth.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role via the online portal at https://nigeriajobsearch.com/. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial interview. Please ensure all documents are in PDF format and clearly labeled.

Equal Opportunity Statement

Bank of Industry is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, ethnicity, religion, disability, or sexual orientation. Our hiring practices reflect our dedication to fairness and the belief that a diverse workforce drives better outcomes for our clients and the broader Nigerian economy.