Job Grade: ABO
Job Overview: The product officer is responsible for supporting the day-to-day administration, origination, processing, and monitoring of the bank's risk asset (credit/loan) products.
Key Responsibilities:
- Support the design, development, and rollout of risk asset products (term/Time loans, overdrafts, working capital finance, asset finance, mortgage loans, SME loans, invoice discounting, etc.).
- Liaise with Relationship Managers, Credit Risk Management, Legal, and Credit Operations to ensure smooth disbursement of approved facilities.
- Assist in preparing Marketing proposals targeted at different sectors, develop product papers, and other internal credit related approvals for review by the supervisors.
- Conduct preliminary KYC, customer eligibility profiling, and credit analysis.
- Monitor performance of disbursed risk assets, monitor maturing obligations, and flag early warning signs of delinquency.
- Maintain accurate product documentation and credit records in line with CBN and internal audit requirements.
- Support data gathering and prepare periodic reports on Risk Asset portfolio performance, product profitability, and risk metrics (PAR, NPL, etc.).
- Provide first-line product support to SME sales officers at branches and external customers where applicable, regarding features, pricing, and processes of risk asset products.
- Assist in market research and competitor product benchmarking within the Nigerian banking industry.
Requirements
Skills/Competence Requirements
Required Knowledge, Skills and Abilities:
- Understanding of risk asset products.
- Familiarity with CBN Prudential Guidelines, IFRS 9 (basic), AML/CFT, and credit risk frameworks.
- Strong numerical, analytical, and problem-solving skills.
- Excellent written and verbal communication skills.
- Attention to detail, accuracy, and strong documentation discipline.
- Customer service orientation and good interpersonal skills.
- Integrity, confidentiality, and high ethical standards.
- Teamwork and willingness to learn.
Qualifications & Experience
- Bachelor’s degree in Business Administration, Economics, Finance or related fields.
- Minimum 2 years of relevant experience.
- Proficiency in MS Office (especially Excel, Word, PowerPoint), Power BI, SQL.
- Basic knowledge of credit analysis and foundational financial statement analysis.
Only shortlisted candidates will be contacted.