Job Responsibilities
Implementation of credit policies and procedures
Continually review develop and refine credit policies and procedures to determine their suitability for the bank’s requirements and recommend modification and upgrading to meet the desired standards and changes in the bank’s risk profile.
Develops and drafts credit risk policies and procedures to comply with the bank’s strategy and objectives and issues credit policy bulletins as required to accommodate changing business environment
Ensure all lending proposals are within the Bank’s Credit Policy & prudential regulations
Ensure any policy breaches are properly authorized at the correct level
Daily monitoring of excesses to ensure properly authorized and accounts regularized as required
Periodically do risk review of new and existing credit products and non-credit products with inherent risks and advise the management on remedial measures
Monitor and manage concentration risks in the Credit portfolio
Manage the performance and relationships of third-party service providers
Effectiveness and efficiency in loan approval system. Oversee analysis of proposals from all the business segments
Oversee analysis of proposals for personal loans and other MOUs
Attend and chair Head Office Credit Committee (HOCC) meetings
Ensure that all appraisal decisions meet the agreed SLA
Give feedback to branch managers and other business leaders on the quality of loan appraisals.
Documentation and perfection of securities
Ensure that all loans are properly documented in standard agreements that are legally enforceable to safeguard the bank’s exposure.
Liaise with the legal department to ensure efficient execution of legal documentation and securities within the agreed SLA
Review credit documentation to ensure compliance with changes in regulations
Ensuring that the security documentation and other necessary documentation are obtained and completed in all respects before the drawdown of the facility
To capture, register, monitor, control, and report all types of collateral offered by the customers and ensure that they are safely lodged
Ensuring a proper system of withdrawal of securities is set up and maintained at all times.
Loan disbursements and management reporting
Ensure that all pre-disbursement sanction conditions are met before disbursement
Ensure that all approved credit facilities are disbursed within the SLA
Generate daily MIS reports to branches on disbursements
In liaison with Finance and IT departments ensure that all relevant fees, commissions, and interest are collected on new and existing facilities
Management Information System (MIS) including statutory returns to the Central Bank
Quality Self-Assessment
Ensure the internal processes are adhered to by the respective units in credit departments and branches
Review all loans approved by branch credit committees and ensure compliance with credit policy
Monitor violations of credit policy and recommend remedial actions
Monitor adherence to credit SLAs
Collection of loans
Develop and implement collection policies and procedures
Credit risk management
Develop, monitor, and implement the Credit risk policy
Design and delivery of fit-for-purpose management information across the various segments to ensure accurate and consistent reporting
People management
Offer leadership to ensure achievement of credit department objectives by setting departmental and individual objectives, managing performance, developing and motivating staff, feedback and appraisal in order to maximize departmental performance.
Maintain and develop professional and technical credit knowledge in the bank through training programs, meetings, staff forums and other initiatives.
Bank-wide AML KYC & CFT Responsibilities
Communicating and reinforcing the AML-CTF compliance culture established by the board
Implementing and enforcing the board-approved AML, KYC & CFT policy within the Department.
Other Requirements
University Degree preferably in a Business related field.
Professional Credit/Banking qualification.
10 years of experience in all aspects of lending i.e. risk assessment, monitoring, and control of loans. That should include at least 3 years at Functional Head level or equivalent.
Sound understanding of lending and credit management statutory and regulatory requirements, corporate governance, and business operations.
Understanding of lending and credit management trends with local/regional/relevant global geopolitical context and resultant customer/social impact.
Has an understanding and appreciation of matrix management and reporting.
Demonstrable track record of delivering business results.
Good decision-making skills.
Assertiveness
Good communication skills
Attention to detail
Keen follow up
Deadline: 22 Dec, 2022
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