Head of Credit Risk Management

Job Description

REPORTING TO: Chief Risk Officer

JOB PURPOSE: Reporting to the Chief Risk Officer, the role holder will be responsible for driving the effective management and implementation of Credit risk and establishing an effective risk-based system to identify, measure, monitor and report to stakeholders. The role holder will also lead bank-wide credit risk advisory and establish a credit risk assessment framework.

LOCATION: Kampala

KEY ACCOUNTABILITIES:

• Initiate annual review of relevant Bank-wide Policies and Procedures to ensure they conform to policy standards
• Provide advice to all stakeholders in the Bank concerning Credit risk management, policies, practices and standards and participate and contribute to their periodic reviews (including credit policy, ESG policy, SAM policy etc.)
• Participate and contribute to the periodic review of credit risk committee governance structures.
• Monitor the activities of the credit department and all other departments within the credit life cycle to ensure that decisions and transactions undertaken do not breach set risk appetite and policies thereby ensuring that they are compliant with restrictions laid down by the Board & FIA.
• Serve as a subject matter expert for analyzing and measuring Credit risk related to projects including working as a liaison between lines of business to analyze performance qualitatively and/or quantitatively, detecting problems and/or deviations, and recommending actions to mitigate losses and improve performance and profitability.
• Continuously review the lending process and develop Credit risk control enhancements to ensure that any known credit risks are controlled within acceptable risk appetite.
• Lead bank-wide credit risk advisory through training workshops for all relevant colleagues and regularly conduct lessons learnt sessions to learn from experience and minimize repeat findings from assurance and audit reviews
• Responsible for review and analysis of the Key Credit Risk Performance Indicators and performing monthly trend analysis.
• Review the Bank’s credit analytics to enhance the accuracy of the predictive models and mitigate model risk through validation of model methodology, assumptions and formulae including loss forecasting, allowance for portfolio losses, capital allocation, credit scoring, risk grading, pricing, stress testing, Value at Risk etc.
• Participate in the ICAAP process including periodic stress tests and scenario analysis, assessing the impact of the Bank’s credit portfolio and making appropriate recommendations to senior management for action by guiding Credit risk drivers.
• Validate the methodology used to establish counterparty (financial institutions) credit limits including money market lines, foreign exchange limits and derivative limits.
• Participate in the simplification, standardization and automation of Credit risk-related processes to reduce non-financial risk and increase efficiency.
• Integrate credit risk into the overall enterprise risk framework, considering correlations and interdependencies.
• Provide oversight and direction to the employees within the Credit Risk unit and coach, mentor and develop staff.

KNOWLEDGE, SKILLS, AND EXPERIENCE REQUIRED:

• University Degree holder in Economics, Statistics, Accountancy, Business Administration, Finance or related discipline.
• Professional qualification in Credit risk management.
• Knowledge of data analysis, data modelling and validation tools.
• 8 years of banking or related work experience in Credit, Risk Management, Corporate lending, policy, credit analysis, credit approval or Internal audit.
• Strong Managerial and leadership skills.
• Proficient PC skills with experience in Microsoft Office and Outlook, PowerPoint and others.
• Excellent oral, written and interpersonal skills; strong ability to work with all levels of management within the company.
• Familiarity with the financial regulatory system, business, economic and legal framework related to lending business in the country.
• Thorough statistical analysis of underlying data requiring regression and time series analyses and understanding of risk factors that impact the credit quality of portfolios.
• Strong understanding of quantitative credit risk modelling (e.g., PDs, LGDs, EADs, vintage analysis, migration matrices, and portfolio credit metrics such as limits, expected and unexpected loss, and capital allocation)
• Stay abreast of industry best practices, procedures, and techniques.
• Work independently as well as collaboratively within a team environment.
• Sound understanding of compliance and operational risks and internal control frameworks; experience working on initiatives that require strategic planning/thinking.
• Excellent problem-solving abilities and results-oriented; able to make decisions independently, Decisive with the ability to give independent opinions.
• Experience working/managing projects across multiple functional areas and dealing with multiple business partners.
• Excellent organizational skills and meticulous attention to detail.
• Analytical and formal research skills coupled with the ability to effectively summarize findings.
• Strong attention to detail and personal effectiveness to drive accuracy.
• High level of integrity and standards;
• Self-drive and initiative; Customer dedication and community immersion; Relationship Building; Team Player; Creative Initiative.

INVITATION

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including your present position and copies of relevant professional/academic certificates, to the email address indicated below:

Vacanciesbank@dfcugroup.com

Deadline: Tuesday 3^rd September 2024. Only short-listed candidates will be contacted.