Consolidated Bank Head of Credit Risk Management Job in Kenya

Consolidated Bank of Kenya Limited is Kenya’s SME bank of choice that provides flexible financial solutions that support our customers in achieving success. 

The Bank is well positioned, with presence in majority of the country’s business hubs to continually offer pleasant and convenient services. 

We seek to recruit a qualified, experienced, competent and highly motivated individual to fill the position of Head of Credit.

Head of Credit Risk Management
 

Job Purpose: Reporting to the Chief Executive Officer, the Head of Credit will take charge of and manage the Bank’s credit function efficiently and effectively in order to ensure profitability, maintain a quality loan book and ensure that the organisation is not exposed to credit risk.

Key Responsibilities

• Develop and implement of the Bank’s credit strategy.
• Formulate and implement the Bank’s credit policy.
• Conduct regular reviews of the credit policy to ensure its relevance to business requirements and CBK and statutory regulations.
• Ensure compliance with the Bank’s credit policies and procedures.
• Ensure that customers’ financing needs for working capital and capital expenditure are addressed appropriately and profitably through the offer of suitable credit products.
• Formulate and optimize credit scoring strategies in various business areas.
• Ensure and maintain proper documentation of all advances.
• Liaise with valuers and advocates to monitor perfection of securing documentation in conformity with the terms of offer letters.
• Ensure compliance with Central Bank guidelines in relation to credit transactions, asset classification, income recognition and provisioning norms.
• Manage credit risk though regular analysis and evaluation;
• Make recommendations and develop techniques and strategies to manage, control and mitigate risk.
• Liaise with the Credit Reference Bureau on prospects/ commitment clients and report our under performing files to ensure non- migration of bad assets within the industry.
• Carry out credit appraisals to vet all credit proposals from branches and other lines of business.
• Monitor and administer credit performance through reports and returns from officers/ branches.
• Liaise with the compliance team to ensure lending activities within the pre-determined risk profile and statutory / regulatory requirements.
• Overall control of the lending book; manage all substandard and bad accounts to maximize recovery and ensure that appropriate and timely loan loss provisions have been made.
• Provide oversight and guidance on the credit cycle operations across the business and to business heads.
• Prepare and submit reports on credit control, risk and bad debts.
• Manage all credit related matters with a high degree of integrity.
• Manage, lead and develop staff in the credit department.

Minimum Qualifications and Experience

• A Bachelors Degree in a Business or Finance related field.
• A Masters Degree in a relevant field will be an added advantage.
• A minimum of 10 years experience in a credit function, 5 of which must be in senior managerial level within a bank, financial institution or other service oriented organisation.
• Financial/credit risk and analysis training and other relevant credit training at an advanced level.
• Experience in and understanding of credit processes, lending and customer care.
• Knowledge and understanding of the Banking Act and Central Bank of Kenya (CBK) clearing procedures and prudential guidelines.

Key Skills and Competencies

• Strong analytical skills
• Strong planning skills
• Strong negotiation/ selling skills
• IT skills
• Business development skills
• Strong management and leadership ability
• Strong presentation, communication and interpersonal skills
• Must meet a high level of integrity.
• Should demonstrate a high degree of confidentiality and sensitivity when dealing with internal and external customers.

Interested and suitably qualified individuals should forward their applications, enclosing copies of their academic and professional certificates, detailed CV indicating work experience, daytime contacts and addresses of 3 professionally relevant referees to reach the undersigned by Friday, 27th June 2014.
 

Applications should be addressed to:
 

The Head of Human Resources
Consolidated Bank of Kenya Ltd
P.O. Box 51133 - 00200
Nairobi

Consolidated Bank is an equal opportunity employer. 

Only successful candidates will be contacted.