Head of Credit
Our client, a regional micro-finance institution seeks a well qualified, ambitious and aggressive person to fill the above position.
Reports To: Chief Executive Officer
Job Purpose / Key Functional Outputs:
This newly created position in an ambitious high-growth Group of companies’
forms part of the executive leadership team in Eastern Africa and is
responsible for the implementation of credit risk assessment methodologies and
managing the company’s credit risk strategy.Our client, a regional micro-finance institution seeks a well qualified, ambitious and aggressive person to fill the above position.
Reports To: Chief Executive Officer
Job Purpose / Key Functional Outputs:
The incumbent will support the executive leadership team in providing a comprehensive credit management service and decision-making tools throughout the Eastern Africa region.
The successful incumbent will report to the Chief Executive Officer and will ultimately be based in Nairobi
The incumbent will participate as a member in the company’s executive management committee.
The Head of Credit will be responsible for:
- Overall
strategic and operational credit risk management in the company and
supporting the executive team in formulating strategic and operational
credit risk decisions;
- Developing
the company’s credit risk strategy in accordance with the Group’s credit
risk strategy and policy;
- Developing
an effective operating platform for credit assessment and monitoring;
- Implementation
of credit risk assessment methodologies, including credit scoring models
and credit vetting criteria and processes and maintaining custodianship of
all credit related data;
- Evaluating
the actual performance of credit granted against expected performance and
taking appropriate corrective action to minimize business risk;
- Monitoring
of trends and forecasts in the macro-economic environment and the credit
industry in which the company operates and proactively implementing
strategies to minimize credit risk;
- Implementing
pricing tools to manage product profitability, forecasting and stress
testing and monitor product performance;
- Establishing
and implementing pricing structures for new products and reviewing and
monitoring established pricing guidelines;
- Facilitating
credit risk operations, product testing and deployment and ensuring that
business rules and products are compliant with approved credit policy;
- Executing
portfolio stress testing;
- Translating
credit data into value add management information at a strategic level and
reporting to the executive committee and the Board the performance of the
company’s credit portfolio;
- Facilitating
and overseeing credit scoring and analytics and implementing credit risk
scorecards in the company;
- Managing
external stakeholder relations, including strategic relations with credit
bureaus and credit risk service providers;
- Establishing
consultative forums with internal stakeholders to obtain input and address
operational credit risk strategy, product performance, business rules,
pilot projects and new products;
- Providing
functional leadership to the credit team and develop internal credit risk
competencies and capacity.
Minimum Required Qualification / Experience
- A
degree in statistics, commerce, accounting or equivalent qualification.
- A
post-graduate qualification and registration with a professional
institution relating to credit risk or registration as a chartered
accountant or equivalent professional registration.
- Positive
track record of at least 8 years senior level credit risk management
experience in a financial services or a banking environment.
- Expertise
in in Microsoft Excel (Advanced proficiency level).
- Working
experience in Microsoft SQL Server applications will be advantageous.
- Proven
track record of project management experience at a senior level will be
advantageous.
- Knowledge
of Corporate Governance and Risk Management will be advantageous.
- Willingness
to regularly travel to Southern Africa and Eastern Africa to visit
operations.
- Kenya
citizenship or the ability to obtain a working permit for Kenya. Holding
an Eastern African passport will be advantageous.
Behavioral Dimensions/Competencies
- Sound
business acumen
- Strategic
thinking
- Self-starter
/ results orientated
- Analytical
/ statistical abilities
- Communication
skills
- Change
leadership ability
- Strong
planning and organizing and project management ability
- Innovative
/ creative thinking
Remuneration
An attractive
remuneration package commensurate with the level of appointment and the
experience of the successful candidate will be offered.If you meet the above minimum requirements,kindly send us your application letter,cv including your present and expected salary to
Frank Management Consult Ltd
Argwings Kodhek Road,
Nyaku House,1st Floor,Hurlingham
Emails: frankmconsult@yahoo.com / jobsfmc@yahoo.com