Head of Credit at Rose Avenue Group

Job Responsibilities

Implementation of credit policies and procedures

• Continually review develop and refine credit policies and procedures to determine their suitability for the bank’s requirements and recommend modification and upgrading to meet the desired standards and changes in the bank’s risk profile.
• Develops and drafts credit risk policies and procedures to comply with the bank’s strategy and objectives and issues credit policy bulletins as required to accommodate changing business environment
• Ensure all lending proposals are within the Bank’s Credit Policy & prudential regulations
• Ensure any policy breaches are properly authorized at the correct level
• Daily monitoring of excesses to ensure properly authorized and accounts regularized as required
• Periodically do risk review of new and existing credit products and non-credit products with inherent risks and advise the management on remedial measures
• Monitor and manage concentration risks in the Credit portfolio
• Manage the performance and relationships of third-party service providers

Effectiveness and efficiency in loan approval system. Oversee analysis of proposals from all the business segments

• Oversee analysis of proposals for personal loans and other MOUs
• Attend and chair Head Office Credit Committee (HOCC) meetings
• Ensure that all appraisal decisions meet the agreed SLA
• Give feedback to branch managers and other business leaders on the quality of loan appraisals.

Documentation and perfection of securities

• Ensure that all loans are properly documented in standard agreements that are legally enforceable to safeguard the bank’s exposure.
• Liaise with the legal department to ensure efficient execution of legal documentation and securities within the agreed SLA
• Review credit documentation to ensure compliance with changes in regulations
• Ensuring that the security documentation and other necessary documentation are obtained and completed in all respects before the drawdown of the facility
• To capture, register, monitor, control, and report all types of collateral offered by the customers and ensure that they are safely lodged
• Ensuring a proper system of withdrawal of securities is set up and maintained at all times.

Loan disbursements and management reporting

• Ensure that all pre-disbursement sanction conditions are met before disbursement
• Ensure that all approved credit facilities are disbursed within the SLA
• Generate daily MIS reports to branches on disbursements
• In liaison with Finance and IT departments ensure that all relevant fees, commissions, and interest are collected on new and existing facilities
• Management Information System (MIS) including statutory returns to the Central Bank

Quality Self-Assessment

• Ensure the internal processes are adhered to by the respective units in credit departments and branches
• Review all loans approved by branch credit committees and ensure compliance with credit policy
• Monitor violations of credit policy and recommend remedial actions
• Monitor adherence to credit SLAs

Collection of loans

• Develop and implement collection policies and procedures

Credit risk management

• Develop, monitor, and implement the Credit risk policy
• Design and delivery of fit-for-purpose management information across the various segments to ensure accurate and consistent reporting

People management

• Offer leadership to ensure achievement of credit department objectives by setting departmental and individual objectives, managing performance, developing and motivating staff, feedback and appraisal in order to maximize departmental performance.
• Maintain and develop professional and technical credit knowledge in the bank through training programs, meetings, staff forums and other initiatives.

Bank-wide AML KYC & CFT Responsibilities

• Communicating and reinforcing the AML-CTF compliance culture established by the board
• Implementing and enforcing the board-approved AML, KYC & CFT policy within the Department.

Other Requirements

• University Degree preferably in a Business related field.
• Professional Credit/Banking qualification.
• 10 years of experience in all aspects of lending i.e. risk assessment, monitoring, and control of loans. That should include at least 3 years at Functional Head level or equivalent.
• Sound understanding of lending and credit management statutory and regulatory requirements, corporate governance, and business operations.
• Understanding of lending and credit management trends with local/regional/relevant global geopolitical context and resultant customer/social impact.
• Has an understanding and appreciation of matrix management and reporting.
• Demonstrable track record of delivering business results.
• Good decision-making skills.
• Assertiveness
• Good communication skills
• Attention to detail
• Keen follow up

Deadline: 22 Dec, 2022