Head: Credit Risk

SUMMARY:

Ensure the Credit Risk function meets its objectives of providing appropriate credit analysis, risk control, and business enablement, while developing and implementing strategies to safeguard the bank's financial stability. The Head should guide and support various stakeholders that include Subordinates, Strategic Business Units, Departments, Ex...

POSITION INFO:

Ensure the Credit Risk function meets its objectives of providing appropriate credit analysis, risk control, and business enablement, while developing and implementing strategies to safeguard the bank's financial stability. The Head should guide and support various stakeholders that include Subordinates, Strategic Business Units, Departments, Executive Management, Board Risk Committees, Organisational Board, internal and external and auditors; and other parties.

QUALIFICATIONS:

• A minimum of an Honor’s degree in finance, accounting, economics, business administration, or a related commercial field is essential.
• Non-commercial degrees if combined with extensive credit risk management experience will be considered.
• Candidates with a commercial master’s qualification will have an advantage.

KNOWLEDGE AND EXPERIENCE:

• Seasoned professional, proficient with depth in areas of expertise with direct or indirect experience in the management and leadership of highly professional teams
• 10 to 15 years of credit and investment risk management experience at senior management level
• Have intelligence to navigate through diverse stakeholders’ agendas and the resilience to sustain high performance under continued pressure and adversity
• Knowledge of key business functions (Investments, Accounting, Compliance, Audit Business Turnaround, and Client Monitoring)
• Understanding of best standards, policies and protocols in lending and credit processes and practices
• Understanding of business, strategic planning and budgeting processes.
• Experience in presenting at to senior committees
• Detailed knowledge of the general tools and techniques of structuring, evaluating and managing for debt and equity, including use of appropriate products to mitigate risks.
• Strong understanding of credit risk principles, regulatory requirements, and industry best practices.
• Ability to Identify and interpret risks related to sector, industry and business dynamics and the influence of macroeconomic, market-driven, competitive, and strategic influences on current and future business risks

• Oversee the identification, assessment, and mitigation of credit risks across the Corporations’ lending and investment portfolio, encompassing new and existing exposures.
• Provide expertise in the evaluation and recommendation of acceptable risk levels across the lending and investment activities and provide specific leadership and management of the Credit Risk department
• Ensure credit policies and procedures are robust, align with all policies and regulatory requirements, and support the organization’s strategic objectives and ambitions
• Ensure the quality of the credit portfolio is maintained and an appropriate balance is reached between risk, reward and development imperatives across the value chain to foster a culture of prudent risk management
• Regularly review loan book performance indicators to identify concerns from credit decisions and feed these into ongoing decision making
• Ensure necessary controls are in place to address risks encountered during the credit life cycle from origination, evaluation, documentation, account management and collections.
• Contribute in setting the risk appetite levels for the organisation, that include Sector, Business Partner, Country and concentration limits and ensure exceptions are escalated, reviewed and tracked in line with approved standards and policies.
• Track all credit related projects and work with internal and external resources to ensure timely delivery.
• Ensure monthly reports are presented at required forums and committees, and approvals are obtained from the appropriate sanctioning body.
• Play a leading role in coaching, mentoring and developing deportment teams take responsibility in talent management and succession across the Division
• Contribute towards the periodic monitoring and review of credit modelling and pricing tools are that any emergent issues and potential risks are timeously addressed
• Review new Credit products and ensure monitoring and review of existing credit products performance is periodically conducted and any emergent issues and potential risks are addressed.
• Ensure stakeholder satisfaction through prompt service delivery and effective communication, adhering to set Service Level Agreements (SLAs) and Turnaround Time (TAT) standards for credit and investment applications.
• Serve on various committees and provide professional advice; and act as an alternate for the Chief Risk Officer in relevant credit and investment committees, including at Board Investment and Risk Committees and Board.
• Properly interpret relevant requirements emanating from various committees (e.g., Board and EXCO) to formulate responses, policies and frameworks that operationalize these requirements within own scope of activities and provide training for stakeholders and track exceptions to ensure compliance with approved standards
• Provide appropriate internal and external risk reporting (verbal and written) to various stakeholders as relevant
• Ensure there is consistent application of rules, thresholds and parameters in investment decisions, and that these are consistent with internal set limits

• Provide training on credit and investment risk management issues to relevant stakeholders and periodically review adopted credit certification programs for relevance and depth
• Provide effective leadership by guiding the Department in:
  o the effective translation of policy, strategy and business plans into operational and strategic execution
  o Overseeing, advising and/or assisting in the implementation of Department specific projects and those within the Corporate ambit
  o Managing conflict, facilitate constructive working relations and healthy morale amongst the department staff and other stakeholders
  o Driving a high-performance culture through the implementation and application of various people management processes, policies and strategies.

LEADERSHIP COMPETENCIES

• Resilience
• Decisiveness in Execution
• People Engagement
• Communication and Engagement
• Diverse Stakeholder Management
• Teamwork
• Innovation
• Change leadership
• Strategic Thinking
• Business Mind Set

TECHNICAL/FUNCTIONAL COMPETENCIES

• Entrepreneurial Thinking
• Problem Solving
• Business acumen
• Communication Influence
• Performance Focus
• Analytical Skills
• Planning and Organizing

BEHAVIOURAL COMPETENCIES

• Operating within a multi-cultural environment
• Political Awareness
• Coping with Pressures and Setbacks
• Conflict Management
• Negotiating and influencing