JOB TITLE: Head of Credit ManagementREPORTING TO: Chief Executive Officer
RESPONSIBLE FOR: Management of the Bank Loan Portfolio
DEPARTMENT: Credit Department HOURS OF WORK: 8am – 5pm Monday to Friday. Additional hours as required by workload REGION: Dar es Salaam (Corporate Office)
PURPOSE OF JOB
- To lead the Credit Management vertical of the bank encompassing Credit Origination, Administration (including legal compliance), Monitoring and NPA management.
- To maintain the bank’s leadership position in sourcing quality assets by enabling faster turnaround on credit delivery.
- To sustainably maintain Asset Quality within the norms set by policy/regulations.
- Coordinate the strategy to ensure it reflects the enterprise risk appetite set by the board risk committee.
- To lead all implementation and training in order to improve the bank's Credit Risk Management capabilities.
- Assessing the existing framework of Credit & risk management on a bank-wide basis and report deficiencies and recommend areas for improvement to the Management and implementation thereof.
- Ensure proper implementation of the Bank’s Risk policies and procedures.
- Develop, modify and test models for credit risk measurement and management.
- Managing the entire process of Credit Management broadly covering origination, delivery, legal compliance and monitoring of Loan Book.
- Planning, Budgeting & Growth of Loan Book and ensuring the asset quality.
- Regulatory & Statutory Compliances.
- Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
- Manage the entire credit risk management process – identify, measure, monitor and manage these risks effectively.
- Work closely on the risk aggregation process.
- Periodically review best practices in the area of Credit Risk management.
- Develop models for measuring Value at Risk (VaR), including default probability, loss given default, and rating migration.
- Computation and allocation of economic capital and risk-adjusted performance measurement.
- Development of internal ratings model’s quantification and management of project related credit risks.
- Identifying, measuring and managing credit risk across a range of on and off-balance sheet asset classes.
- The document, and ensure communication of key risks.
- Gather risk-related data from internal or external resources.
- Produce reports and presentations that outline findings, explain risk positions, and recommend changes.
- Leads a team of credit appraisers to ensure high standard credit quality of the portfolio by using various credit assessment tools.
- Engages in the development, implementation, review, and monitoring of various credit programs and providing training and coaching to continuously upgrade the competency of the team members.
- Review and develop the Bank’s credit approval policies and guidelines as well as participate in ad-hoc projects of investigative or trouble-shooting nature on specific customer portfolio.
- Computational process of the Basel 11 / regulatory framework/s.
- University degree in Finance, Accounting or a related discipline, preferably with other related professional qualifications.
- Master’s degree in Business related studies is an added advantage.
- Possesses a minimum of 10 years of corporate banking experience in lending or related activities.
- Credit evaluation experience with the complex structuring of Credit lines.
- Excellent communication and interpersonal skills.
- Well-rounded exposure to the entire gamut of Credit Management.
- Good hands on experience on crafting Charters / Policies / Processes / Procedures on Credit Management.
- Have flair in providing faster turnaround, enabling quick decision making;
- Prowess in skill/team building – towards succession, for various cadres within Credit, Manage ment.
- Proven track record of prevention of delinquencies and recovery in NPAs, including restructuring.
- Has a knack of dealing with complex situations on Credit delivery, follow up and recoveries through compromise settlements etc.
- Reasonable knowledge/exposure on Legal compliances / dealing with a suit filed/decreed cases for logical closure.
- Good understanding of the use of technology – for automation of processes/monitoring and analysis with MIS.
- Diligent on regulatory and other compliances, including formulation and adherence to processes and procedures.
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