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.
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,
Nyaku House,1st Floor, Argwings Kodhek Road
Emails: frankmconsult@yahoo.com/jobsfmc@yahoo.com
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.
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,
Nyaku House,1st Floor, Argwings Kodhek Road
Emails: frankmconsult@yahoo.com/jobsfmc@yahoo.com
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