Head of Credit Risk and Compliance at Mwananchi Credit Ltd

Key Responsibilities

Credit Risk Management

• Develop and implement a comprehensive credit risk management framework aligned with the organization’s strategic objectives.
• Oversee the assessment, approval, and monitoring of credit exposures to ensure sound portfolio quality.
• Define and maintain credit risk appetite, policies, and lending standards.
• Monitor credit portfolio performance and identify emerging risks or trends.
• Oversee credit reviews, stress testing, and portfolio analysis to ensure asset quality.
• Recommend corrective actions on non-performing accounts and oversee credit recovery strategies.

Compliance Management

• Establish and manage an effective compliance program to ensure adherence to laws, regulations, and internal controls.
• Monitor and interpret regulatory developments related to credit, lending, and financial services.
• Develop and implement compliance policies, procedures, and training programs across the organization.
• Conduct compliance risk assessments and internal reviews to ensure continuous improvement.
• Serve as the primary liaison with regulators and external auditors on compliance and credit-related matters.

Governance and Reporting

• Prepare and present regular reports on credit risk exposure, compliance status, and key findings to the Board and Executive Management.
• Support the Board Risk and Audit Committees with insights on risk trends and compliance performance.
• Ensure proper documentation, record-keeping, and audit trail for credit and compliance functions.

Leadership and Culture

• Lead and mentor the credit risk and compliance teams to enhance capacity and performance.
• Foster a strong risk and compliance culture across all business units.
• Promote ethical conduct, accountability, and continuous improvement in credit and compliance practices.

Qualifications and Experience

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or related field.
• Master’s degree or professional certification (e.g., CPA, CFA, CRMA, CISA, or Certified Compliance Professional) is an advantage.
• Minimum of 8–10 years’ experience in credit risk management and compliance, with at least 3 years in a senior leadership role.
• In-depth understanding of credit risk principles, regulatory compliance, and corporate governance.
• Strong experience with regulatory bodies, financial reporting, and internal controls.