Job Description
Working closely with the Head of Credit. He /she will ensure compliance with internal credit policies & procedures and facilitate prudent management of credit risks while ensuring compliance with the CBK prudential guidelines. He /she will also ensure that all Credit proposals from the branches are reviewed for credit risks in accordance with internal policies and procedures, CBK prudential guidelines and best practice. He /she shall safeguard the institution against loss by ensuring accuracy, completeness and credit worthiness of proposals, recommend appropriate risk mitigation mechanisms such as proper securities and their perfection, relevant sanction conditions and post disbursement follow ups
KEY MEASURABLE GOALS.
Management of credit risks through analysis and recommend approvals for facilities within the Institutions tolerable risk levels.
Adherence to internal credit policies and loan administration procedures
Ensure that the PAR of the SME portfolio is within target.
Ensure high turnaround time (TAT) for all Credit proposals.
KEY RESPONSIBILITIES.
To ensure that Credit requests are analyzed against the canons of lending (Character, Capacity, Conditions, Capital, and Collateral) as a basis for making approval / decline recommendations.
Countercheck and approve all applications analyzed by analysts and ensure they are processed within the acceptable timelines.
Review of treasury dealer limits
To ensure that Sanction sheets and offer letters are prepared based on 1 above and ensure accuracy, completeness and neatness of the same for further approval by relevant Head Office Credit Committees
Prepare draft board papers for facilities requiring approval by the Risk Management Committee of the board for further review by management at Credit Administration departments.
Follow up with the branches to ensure fulfillment of ALL sanction conditions and other covenants prior disbursement of the facilities.
Submission of securities to security perfection officer within 12 hours of receipt from branches for further advise to legal department.
Verify Compliance to canons of consumer lending through inspection of ability to pay, fulfillment of consumer MOU requirements and proper documentation to ensure credit risk is adequately mitigated. Review loan security margins as per the existing market trends and advice the management on any necessary reviews.
Ensure there is a clear credit risk policy in place outlining the key mitigation processes.
Recommend policy reviews for customer service and risk management improvement based on experiences and industry trends.
Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within credit risk analysis.
Do any other duties that may be assigned by the Management.
STAFF SUPERVISION RESPONSIBILITIES
Credit Analysts
PERSON SPECIFICATION.
Essential
Education
University degree preferably in Accounting, Finance or Management
Knowledge and Skills
5 years’ experience in credit analysis in a busy environment
Credit and Financial analysis skills to effectively perform credit analysis and portfolio maintenance activities/tasks in a manner that consistently achieves high quality standards or benchmarks.
Knowledge of lending business and products
Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks.
Knowledge in debt recovery and collection
Knowledge in accountancy an obvious advantage
Knowledge of Credit Analysis in Group, Individual Micro Lending Methodologies
Experience
5 years
Personal Attributes
Capacity and willingness to work for long hours and within strict deadlines.
Excellent interpersonal skills
High degree of confidentiality
Analytical mind.
Knowledgeable on the Financial services sector
Assertive
Fast in decision making.
Honest
Highly organized
Creative and Innovative
Proactive
Good team player
Physical demands
Physically fit and versatile and able to work on a computer for long hours.
Desirable
Master’s Degree
Skills
Banking, Credit Analysis, Credit Processes, Credit Risks, Lending, People Management, Risk Analysis, Risk Management
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