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