Head Of Credit Job in Kenya

Head Of Credit – Reporting To Managing Director

Responsible for overall leadership and successful attainment of a good quality asset book through risk mitigation while optimizing the profitability and sustainable growth ofthe Bank. 
Provide day to day and long term strategic direction for the Financing function for all the financing categories (Corporate, SMEs and Micro)

  • Bachelor’s degree in Commerce with a bias in Finance;
  • Masters degree in an appropriate discipline e.g. Msc Finance or MBA Finance
  • Professional qualifications in ACCA/CPA/CFA;
  • Proven experience of at least ten years in a reputable bank ¡n credit environment, 5 of which must be at senior level
  • Knowledge of International Accounting and Reporting Best Practices;
  • Knowledge of Prudential guidelines and CBK reporting requirements;
  • Must be adept in use of Ms Office packages and well versed with banking systems.
Key Responsibilities
  • Continuously review, implement and administer the organization’s Credit strategies, policies and procedures.
  • Create, implement and administer sound reporting systems, portfolio management, approval and documentation systems.
  • Provide technical support to new product development and ensure risks are mitigated.
  • Ensure that all financing requests and approval procedures and processes comply with the bank’s policies and procedures.
  • Ensure adherence to CBK guidelines and monitor exposures to the various sectors.
  • Present accurate and timely facility proposals and reports to the relevant Board Commitee.
  • Evaluate third-party risk analysis of facilities and make appropriate recommendations.
  • Oversee post-approval assessment of facilities and initiate appropriate follow-up action.
  • Oversee proper operation and maintenance of facilities, ensuring effective monitoring, and manage notable deterioration of the portfolio.
  • Train Credit analysts and relationship officers/managers, Branch Managers to enhance their skills and knowledge in Credit appraisals.
  • Carryout periodical stress tests on the Asset book to examine quantitative impact on bottom line and capital levels based on different scenarios.
  • Detect shifts or changes in key risk parameters in a business relationship or in the industry/sector and evaluate the implications of such changes on continued dealings.
  • Set and review risk acceptance criteria on sectors, securities, currencies and maturities.
  • Provide leadership and guidance to direct reports through effective planning, delegation, communication, training, mentoring and coaching.
  • Establish and maintain a system that fosters a culture of teamwork, employee empowerment and commitment to the department’s and the Bank’s goals.
  • In collaboration with the Human Resource Department, develop and implement a succession planning programme for the Credit department to facilitate continuity and availability of required skill and competencies to meet the needs of the Department.
  • Implement directives from the Managing Director and Board.
Applications to be sent to the address below on or before 23rd November 2012

DN: 1399
PO. Box 49010-00100 Nairobi

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