Credit Monitoring and Reporting Officer at Old Mutual Kenya

Contribute to the overall risk management strategy of maintaining/ reducing the level of risk as business expands.

Qualifications 

• Bachelor’s degree in a business or finance related field.
• 3 years’ experience in all aspects of lending i.e. risk assessment, monitoring and control of loans
• Loan documentation and securities.
• Advanced knowledge in data analytics, MS-Excel.

Responsibilities

• To ensure loan schedules are correctly computed and set up in the core banking system (Principal & Interest)
• To ensure the IFRS 9 runs are conducted on a monthly basis
• To ensure the written contracts are maintained in the system
• To ensure daily recovery reports are available
• To ensure Loan Risk Classification is correct as per Central Bank’s prudential guidelines
• To undertake detailed portfolio analysis and identify early warning signs so as to inform decisions
• To undertake scenario & Sensitivity Analysis to assess impact of undesirable macro-economic and other industry effects on loan portfolio and advise management
• To ensure loan portfolio recovery Process complies with Credit Policy and relevant regulation
• To undertake data clean up and ensure various employers are mapped correctly as per MOUs, correct portfolio relationship officer responsibility mapping
• To monitor portfolio sector Limits and advise management on trends
• To prepare in a timely manner all credit department reports which includes Old Mutual Group reports
• To undertake product set up reviews in the core banking system as per the approved fact sheet and assurance of other core system functionalities
• To participate in all internal and external credit audit exercises, track and monitor audit recommendations to ensure closure
• 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 area of responsibility