Credit Risk and Portfolio Management Associate at Infrastructure Credit Guarantee (InfraCredit)

Infrastructure Credit Guarantee (InfraCredit) provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria.

This entity is necessary because long term capital required by infrastructure entities/projects to be commercially successful is not available from the domestic banking market. InfraCredit’s guarantees would act as a catalyst to attract investment interests from pension funds, insurance firms and other long-term investors, thereby deepening the Nigerian debt capital markets. Its successful operation will address the constraints facing the Nigerian pension market and motivate their involvement in investing in long term bonds to finance infrastructure assets

We are recruiting to fill the position below:

Job Title: Credit Risk and Portfolio Management Associate

Location: Lagos Island, Lagos
Employment Type: Full-time

Job Summary

The Credit Risk and Portfolio Management Associate will be responsible for carrying out assigned credit risk and portfolio management activities of InfraCredit.

Job Description

Provide support in ensuring alignment of the term sheet, credit paper, legal and security agreements to the guarantee policy and Manage/coordinate the CP fulfilment and sign-off process.
Assist in ensuring that all relevant deals are being monitored by obtaining relevant information and understanding the credit conditions to be monitored (conditions precedent, waived conditions and ongoing conditions).
Meeting with the Origination and Structuring team to ensure clear understanding of deal (structures, models, security, etc.) at handover stage.
Capture the relevant information into the TMU database including tracking of important dates, performance linked indicators and events relating to each deal under management.
Maintain contact with the client representative to ensure that the required risk information is received in a timely manner.
Monitor and report on credit risk on a transaction, client and portfolio level by ensuring:
Client / transaction information is obtained and used to determine compliance to credit conditions / covenants and non-compliance is reported in a timely manner.
Periodic and ad-hoc visit are carried out to review, where relevant, client operations and/or InfraCredit’s security and providing a comprehensive status report, which must include identification of potential structural weakness in the security.
Keeping track of all breaches noted on transactions and Escalating breaches to the appropriate sanctioning authority and proposing relevant corrective actions.
Analyze client performance against bank statements, production, sales, key expenses etc
Track and monitor key parameters for the Risk Appetite Framework.
Escalate potential breaches in sector/obligor/rating limits as per approved framework.
Manage the portfolio stress testing process as outlined in credit policy.
Drive Model validation and back testing process under the guidance of the Head of Credit.

Requirements

B.Sc from a reputable Institution.
3 – 7 years of work experience.
Strong understanding of Portfolio management, Credit analysis and policies.
Good understanding of the legal environment as it affects commercial transactions in the capital market space.
Strong alignment with InfraCredit core values – Integrity, Passion,Innovation and Collaboration
Detailed understanding of accounting – management and financial accounting – to analyse financial strengths and weaknesses of clients and identify potential risks.
Strong background in risk management and credit analytical skills.
Understanding of property finance, project finance and leveraged& acquisition finance transactions
Understanding of financial guarantees and capital market instruments.
Knowledge of risk systems and derivative instruments.