Credit Risk Manager PalmPay Tanzania, aug 2023

Dar es-Salaam full time

Job description

Position Overview: We are seeking an experienced and dynamic Credit Risk Manager to join our fast-growing company. As a Credit Risk Manager, you will play a pivotal role in assessing and managing the credit risk associated with our lending activities. You will be responsible for developing and implementing credit risk strategies, analyzing data to make informed lending decisions, and ensuring the overall health of our loan portfolio.

Key Responsibilities:

  1. Credit Risk Strategy Development:
    • Collaborate with senior management to define and refine credit risk strategies aligned with the company's business goals and risk appetite.
    • Identify and assess potential credit risks and opportunities to optimize lending decisions and minimize losses.
    • Design and implement credit scoring models, utilizing both traditional and alternative data sources, to evaluate applicant creditworthiness accurately.
  2. Credit Assessment and Decisioning:
    • Review and analyze loan applications, financial documents, and credit reports to make informed lending decisions.
    • Utilize data-driven insights to approve or decline loan applications, set appropriate loan terms, and determine interest rates.
  3. Portfolio Monitoring and Management:
    • Monitor the performance of the loan portfolio, identifying trends, delinquencies, and defaults.
    • Develop and implement strategies to mitigate credit risk, such as adjusting credit limits, modifying terms, or recommending collections actions when necessary.
    • Regularly assess the effectiveness of credit risk strategies and refine them based on observed outcomes.
  4. Collaboration and Compliance:
    • Collaborate with cross-functional teams, including underwriting, operations, and analytics, to ensure seamless credit risk management processes.
    • Stay updated on relevant regulations, compliance requirements, and industry best practices to ensure the company's lending practices remain in line with regulatory standards.
  5. Reporting and Analysis:
    • Generate regular and ad hoc reports on credit risk metrics, portfolio performance, and other relevant KPIs.
    • Conduct in-depth analysis of credit risk data to identify emerging patterns and opportunities for improvement.

Qualifications and Experience:

  • Bachelor's degree in Finance, Economics, Business, or a related field; a Master's degree is a plus.
  • A minimum of 4 years of experience in credit risk management within the financial services sector, preferably in fintech or banking.
  • Strong understanding of credit risk concepts, credit scoring models, and underwriting processes.
  • Proficiency in using data analysis tools and software (such as Excel, SQL, PowerBI, Python, etc.) to manipulate and analyze large datasets.
  • Familiarity with regulatory guidelines related to lending and credit risk in Tanzania.
  • Excellent communication skills to present complex information and influence decision-making.
  • Ability to work in a fast-paced, collaborative environment and manage multiple priorities effectively.
  • Strong problem-solving skills and the ability to think critically about credit risk strategies.


  • Competitive salary and performance-based bonuses.
  • Opportunity to work in a dynamic and innovative fintech environment.
  • Chance to contribute to the financial inclusion efforts in Tanzania.
  • Comprehensive health insurance
  • Professional development opportunities and training programs.

Join our team and contribute to our mission of making financial services accessible to all segments of the Tanzanian population while maintaining a robust credit risk management framework. If you are passionate about credit risk, data analysis, and driving financial inclusion, we encourage you to apply.


Job Summary

Published On: Aug. 22, 2023, 7:10 p.m.

Vacancy: 1

Job Nature: full time

Location: Dar es-Salaam

Dead Line: Aug. 31, 2023

Company Detail

PalmPay is a pan-African fintech company currently operating in Nigeria, Ghana, Kenya, Uganda, and Tanzania and expanding to other markets this year. We’re reinventing the payments experience by making it easy and reliable for everyone to transfer money, pay bills and shop online.