Lead, Payroll Lending

About the role

The Lead, Payroll Lending will oversee the bank's payroll lending business, with responsibility for growing the loan portfolio, managing credit risks, improving lending operations and ensuring profitability. The role covers lending strategy, employer and corporate relationships, loan processing and compliance with banking regulations.

Key responsibilities

• Develop and implement strategies to grow the payroll lending business and increase loan disbursement.
• Oversee the loan process from application and assessment through disbursement, repayment and recovery.
• Manage credit risks and implement strategies to minimise defaults and improve repayment rates.
• Build relationships with employers, government agencies and corporate organisations to generate new lending opportunities.
• Monitor loan portfolio performance, identify risks and improve portfolio quality and profitability.
• Review and improve lending policies, procedures and operational processes.
• Work with Product and IT teams to develop and improve payroll loan products and systems.
• Ensure compliance with CBN regulations, applicable laws and the bank's internal policies.
• Prepare regular reports on loan performance, disbursement, repayments, defaults and business growth.
• Lead and supervise the payroll lending team and collaborate with Risk, Finance, Compliance, IT and other departments.

Required profile

• Bachelor's degree in Finance, Accounting, Economics, Business Administration or a related field.
• Minimum of 5 years' experience in consumer lending, credit management, payroll lending or unsecured loans.
• Previous experience managing a loan portfolio in a bank, microfinance bank, consumer finance company or similar financial institution.
• Certifications such as CIBN, CRMS, ACA or others are an advantage.

Required skills

• Payroll lending, consumer loans and unsecured credit.
• Credit assessment, loan portfolio management and debt recovery.
• Business development and corporate relationship management.
• Knowledge of CBN regulations and Nigerian banking practices.
• Leadership, communication, negotiation, analytical, reporting and problem-solving abilities.