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Cellulant
CLOSEDPrincipal, Card Business & Payments Credit Risk
Lagos, Nigeria
Cellulant
CLOSEDPrincipal, Card Business & Payments Credit Risk
Lagos, Nigeria
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West Indian Ocean Cable Company ( WIOCC)
CLOSEDAccount Receivables Officer
Lagos, Nigeria
Closing: Apr 2, 2024
This position has expiredPublished: Mar 18, 2024 (2 months ago)
Job Requirements
Education:
Work experience:
Language skills:
Job Summary
Contract Type:
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Qualifications
- A Bachelor's Degree in fFinance, Business Administration, Accounting, Information Technology or any other relevant field.
- A Masters Degree or certifications in Risk Management and Internal Controls is an advantage.
Must Have Experience:
- Demonstrable in depth knowledge of credit and liquidity risks in the Commercial Payments business
- Demonstrable in depth knowledge of ecommerce card transactions and Visa/Mastercard scheme rules and applicable regulations strongly preferred
- Experience with online/card not present merchants in electronic/digital commerce channels
- Ability to work with and influence senior management regarding risk and compliance issues
- Process orientation with a desire to improve processes and drive efficiencies
- Strong conceptual and quantitative problem-solving skills
- Ability to work across business lines to drive business decisions.
- Experience with managing card payments risk
- Experience in a payments environment preferably PSP or bank acquiring
- Risk management and internal controls
- Internal Control frameworks and standards.
Nice To Have Experience:
- Experience in Group function, shared services, cross border transactions, fraud risk, investigations.
Skills:
- Report Preparation
- Product Risk Analysis
- Credit Risk Analysis
- Card Payments
- Internal Controls
- Good understanding of business
- Presentation skills.
Responsibilities
Qualifications
- A Bachelor's Degree in fFinance, Business Administration, Accounting, Information Technology or any other relevant field.
- A Masters Degree or certifications in Risk Management and Internal Controls is an advantage.
Must Have Experience:
- Demonstrable in depth knowledge of credit and liquidity risks in the Commercial Payments business
- Demonstrable in depth knowledge of ecommerce card transactions and Visa/Mastercard scheme rules and applicable regulations strongly preferred
- Experience with online/card not present merchants in electronic/digital commerce channels
- Ability to work with and influence senior management regarding risk and compliance issues
- Process orientation with a desire to improve processes and drive efficiencies
- Strong conceptual and quantitative problem-solving skills
- Ability to work across business lines to drive business decisions.
- Experience with managing card payments risk
- Experience in a payments environment preferably PSP or bank acquiring
- Risk management and internal controls
- Internal Control frameworks and standards.
Nice To Have Experience:
- Experience in Group function, shared services, cross border transactions, fraud risk, investigations.
Skills:
- Report Preparation
- Product Risk Analysis
- Credit Risk Analysis
- Card Payments
- Internal Controls
- Good understanding of business
- Presentation skills.
- The role holder will be in charge of managing risks across the card payments value chain and managing payments credit risks.
- The role holder should have experience in a card payments environment preferably having dealt with card schemes and regulators.
- The role holder will own card business risk and payments credit risk and will be accountable for these risks to senior management.
Core Duties
Card Business Risk:
- Periodic Review of and reporting on existing merchants to ensure compliance with card scheme rules and regulations
- Review of all merchants to ensure compliance to card scheme requirements
- Analysis of chargeback exposure and merchant settlement timing
- Own the identification and closure of all risks associated with card acquiring
- Ensure compliance of Cellulant’s card business to card scheme rules and applicable regulations
- Be the central point of contact for all card scheme rules and regulations
- Track any changes to e-commerce card acquiring rules & regulations and circulate internally for closure
- Own the implementation of card Compliance Management Program
- As part of the product development for all products that touch on card acquiring, you will ensure all risks have been adequately addressed
- Partner with cross-functional teams to design and implement mitigative controls on the identified risks
Payments Credit Risk:
- Identify possible credit risks that clients’ payment or settlement terms may pose to Cellulant while providing recommendations and escalations to mitigate such risks
- Own the roadmap for identification, assessment and applying controls of credit risks from merchants’ , partners’ or counterparties' payment, settlement or payout terms
- Design and cascade governance policy and process around the control of credit risks from merchants’ or partners’ payment, settlement or payout terms and other products or applicable areas . Partner with cross-functional teams to design and implement mitigative controls on the identified risks
- Assess the overall credit risk standing of Cellulant and its counterparties by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
- Design credit risk concentration indicators and default indicators by counterparties in accounts receivables. Ensure periodic review of these indicators to senior management.
- Develop and implement risk management strategies to minimize losses due to credit defaults
- Monitor key credit risk indicators and provide insights to senior management
- Conduct regular reviews of credit policies and procedures to ensure compliance with regulatory requirements
- Provide recommendations for process improvements and efficiency gains
Internal Control:
- Conduct research to assess business risks and liaise with the various Groups to identify potential risks and create controls to mitigate them
- Ensure effective and optimal internal controls are embedded across the enterprise.
- Review of Controls in Systems, Processes and the Environment
- Control Design and Testing Techniques
- Control Monitoring and Maintenance
- Product/Service Knowledge and Assessment/Review.
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