Head of Credit Risk

Job Description

JOB PROFILE: Head of Credit Risk

Division: Credit Risk Management Department

Reports to: Executive Director

Number of direct subordinates:1

JOB PURPOSE

Management, control and execution of Credit Risk policy. Ensure that Credit Risk is properly managed across a portfolio of lending exposures. 

KEY STAKEHOLDERS

Board of Directors, Heads of Departments, External Parties & Subordinates

OUTPUTS

WEIGHTING%

ROLES

CORE BEHAVIOURAL COMPETENCIES

TECHNICAL/PROFICIENCY & COMPETENCIES

  1. Credit Risk Management

50%

  • Leadership
  • Strategy
  • Lending Policy and other documents
  • Credit Control
  • Credit Decision and Support
  • Complex Lending
  • Delegated Credit Authorities
  • Analysis and reporting
  • Communication
  • Credit Training and Capability Assessment
  • Process Improvement
  • Projects
  • Communication
  • High level consultation and influencing
  • Quality decision making
  • Building and effective team
  • Action orientated
  • Dealing with ambiguity
  • Credit Risk Management
  • Leading others
  • Measuring and managing work
  • Motivating others
  • Delegation
  • Developing direct reports

Knowledge

  • Financial markets and derivatives
  • A sound knowledge of credit risk management
  • Programme and project management knowledge
  • Understanding of the bank’s products and systems
  • Sound financial and analytical background
  • Governance and compliance

 

Skills

  • Sound problem solving and communication skills
  • Effective management of third party agencies
  • Ability to work across a range of stakeholders
  • Multi-disciplinary skills – IT, Finance and Risk

 

  1. Internal Stakeholders

20%

  1. People Management

       20%

  1. Increase Market Sahre

10%

Total

100%

             

 

 

 

 

 

 

 

                                                                                                                                                                                                                                                                                                                                                                                      

OUTPUT 1

Credit Risk Management

KEY ACTIVITIES

MEASUREMENT/JOB STANDARDS

 

  • Maintain excesses on client accounts within benchmark
  • Maintain arrears on client assets within benchmark
  • Maintain client reviews within benchmark
  • Manage Operational Risk Losses within the Loss Tolerance Threshold
  • All Loan Applications received are actioned within the agreed turnaround times
  • Develop, maintain and implement the Bank’s Lending Policy and credit documentation
  • Ensure debt recovery procedures are fully effective and all available recovery options are utilized to maximize recovery outcomes
  • Daily monitoring of lending portfolios for excesses, arrears and inactive/non-performing accounts.
  • Monitor list of Risky Non-Performing Loans on a monthly basis for further action to be taken
  • Monthly Credit Reports
 

OUTPUT 2

Internal Stakeholders

KEY ACTIVITIES

MEASUREMENT / JOB STANDARDS

Report to the Board on portfolios of lending exposures;

Adequate turnaround times to sales on loan applications

  • Reporting to be done on a regular basis to the Board Committees on:

1)  Present loans and advance book

2)  Risky Non-Performing Loan (RNPL) book

  • Loan Applications to be dealt within the agreed time frame in order to provide prompt feedback to sales
  • Reporting to be done within the agreed timeframe to board committees.
  • Record of incoming loan applications to be kept to ensure acceptable service delivery to sales 
 

OUTPUT 3

People Management

KEY ACTIVITIES

MEASUREMENT/ JOB STANDARDS

Create an effective and efficient team

Development of sub-ordinates and succession planning

  • Develop team members by transferring of skills and knowledge
  • Put in place personal improvement programs for staff members within the team
  • Mentoring and coaching

 

Develop Action Plans

Actively participation of team members in the work place

Performance agreements

 

 

OUTPUT 4

Increase market share

KEY ACTIVITIES

MEASUREMENT /

JOB STANDARDS

 

  • Support to become banking partner of choice through team effectiveness;
  • Collaboration with sales/deal team discussions/client visits  
  • Demonstrate support for deal team discussion and client visits.
 

KNOWLEDGE REQUIREMENT

SYSTEMS

PRODUCTS

BUSINESS PROCESSES

LEGISLATION

  • Staff to be trained and have a thorough knowledge of the banks’ systems and how to operate it.
  • Knowledge is required of the Bank’s products which can be done via internal training. 
  • Business processes needs to be understand which will either be made available via internal manuals or policies. 
  • Internal material such as policies to be made available to understand or be aware of the legislative framework in which the bank operates. 
 

MINIMUM QUALIFICATION / EXPERIENCE

  • Extensive experience (at least minimum 5 – 10 years) in Senior Credit Risk roles including previous Head of Credit Risk.
  • Strong awareness of the regulatory framework.
  • B Degree or equivalent is essential.
  • Honours degree or equivalent preferred.

 

 

 

 
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