Manager, Risk Management at Kenya Industrial Estates

Reporting Relationships
Direct Reports to:- Managing Director

Job Purpose:-

• This is a position responsible for the overall leadership of the Risk Management Function and successful attainment of a healthy loan portfolio through risk mitigation.
• To promote and sustain a culture of risk management discipline within the institution;
• To represent the risk and assurance function to the Board and ensure that there are effective standards and internal controls, policies and procedures, systems and a risk management framework that supports business sustainability and continuity as well as ensuring compliance with various regulatory standards;

d) To anticipate and proactively ensure management of all potential risks, including credit, operations, information security, regulatory compliance and reputation risks and to initiate actions to pre-empt systemic risks;

DUTIES AND RESPONSIBILITIES

• Spearhead and direct the Risk department team into identification and retaining the appropriate risk management discipline while supporting growth aspirations to achieve strategic goals of the company;
• Administer appraise all new investment and ensure that every approved project is technically feasible and economically viable;
• Ensure that Risk Management Framework is adopted and effectively applied across all departments of the institution;
• Implement the Credit Risk Management Policy and ensure that the risk management governance structures are fully functional;
• Identify credit risks in the business, monitor the actual level of credit risk on a regular basis and play a preventative role in risk control;
• Embed a culture of consciousness and transparency for risk management and ensure that the nature and size of risks are well understood by all staff;
• Manage risk on a day to day basis which includes monitoring and reporting. This should include measures and procedures for: - understanding key processes, risk identification, risk analysis and assessment responding to risks identified and assessed adequate information and communication and monitoring of risk management activities;
• Ensure issuance of quarterly statements/invoices. This shall automatically trigger status of an account;
• Initiate and oversee debt clearance and issuance of certificates upon completion of the loan and thereafter release of securities;
• Ensure remedial action is taken appropriately on non-performing loans, rents and mortgages through rescheduling, rehabilitation, write off, negotiation, legal action on Category D and E, repossession and disposal of securities;
• Initiate special task force on debt recovery upon approval by the Managing Director.
• Embed operational risk practices into business activities and support it with appropriate training and awareness;
• Manage the daily administration for loan documentation in full compliance with the internal standards and external regulatory requirements;
• Conduct periodical review on loan administration procedures to streamline workflow
• Generate, review and maintain loan disbursement reports for presentation to credit committees, and provide monthly reports on the same, in accordance to the credit policy and guidelines;
• Ensure post disbursement compliance with approved terms and conditions, assignment of rights, review expiry of credits, progress on payment, insurance etc.
• Review daily credit monitoring and management reports and identify non-performing loans with anomalies and proactively follow-up to ensure corrective action taken in line with credit policy;
• Monitor all irregularities, past dues, documentation deficiencies and report to senior management;
• Advise on risk issues and prepare reports for the Board to assist in decision making.

REQUIREMENTS FOR APPOINTMENT

• Degree in any Business related fields e.g. (Business, Finance, Banking & Accounting or any other relevant field;
• Master’s Degree in the relevant fields will be an added advantage;
• A certified Member of a professional body;
• A minimum of Seven (7) years of experience with three (3) years in a responsible or Management role in a Risk function/environment and shown merit and ability as reflected in his/her work performance and results;
• Exposure to demanding operational environments, ability to gain insight into the most effective risk management applications and key points for
• Measurement of market risks facing the institution
• Gathering data for use in review of Risk Management Policies by monitoring reports
• Performance of administrative duties
• Experience and a good understanding of Risk and business lending products from the financial services Industry;
• An understanding of an Enterprise wide Risk Management Framework;
• Fulfilled the provision of chapter six of the constitution.