Reports To: Managing Director
Supervises: Direct : Indirect:

Job Description and Summary
To identify, measure, monitor and control credit risk within the Bank’s asset book ensuring the quality of the portfolio remains within acceptable parameters to minimize losses and maximize profits.

Responsibilities /Key Deliverables
The Head of Credit is responsible for overall supervision of activities, administration and efficient daily operations of the Credit department, in accordance with the banks policies and Statutory regulations.
• Provide strategic leadership for all credit processes of the bank and guide all related activities to build and protect a quality and profitable loan portfolio that supports the bank’s growth strategies, within sustainable risk parameters.
Follow trends in the banking industry and propose adjustments/changes to the bank’s credit policies, strategy, and procedures to ensure that the bank retains its competitive position and lending business.
• Lead and develop a team to transfer skills through on job training, coaching, mentoring and ensure harmony among the team to improve performance.
• Evaluate and structure credit facilities within approval limits and within the set turnaround time to book quality deals priced to cover all embedded costs under the risk reward trade-off to achieve the Bank’s disbursement target and grow quality portfolio and minimize losses.
• Ensure relevant terms and conditions are laid down in the credit agreements
• To protect the Bank’s interest and avoid litigation.
• Ensure compliance with internal credit policies and Central Bank guidelines and regulations on prudential norms failure of which the Bank can incur losses as a result of penalties.
• To monitor individual credits inclusive of Off-Balance sheet exposures to obligors as well as overall credit portfolio of the bank to ascertain whether loans are being serviced as per facility terms, the adequacy of provisions, the overall risk profile is within acceptable limits and take remedial measures as and when any deterioration occur.
• Undertake portfolio evaluations and conduct comprehensive studies on the industry and environment to test the resilience of the loan portfolio and avoid future losses.
• Evaluate and implement appropriate remedial strategies such as restructuring of loan facility, enhancement in credit limits or reduction in interest rates to help improve obligor’s repayment capacity and avoid litigation.
• Monitor performance of team through periodic performance reviews and ensure that staff are performing to expectation according to agreed targets and identify and address areas for improvement.
• Review and maintain business continuity through robust succession plan for the unit for smooth flow of business operations and ensure cover in the face of unplanned interruptions, losses or absence of staff.
• Manage credit monitoring activities for the bank
• Manage Collections and Recoveries activities of the bank.

Assets and financial matters responsibility
• Laptop
• Departmental Budgets under his/her supervision.

Judgment and Decision-making Advice / Recommendations provided:
• Strategic direction of the bank
• Personal lending authority limit
• Management of the Bank’s Credit risk appetite
• Credit Staff Development and Career Growth

Person Specification
Education, Training, Skills & Experience
• A degree in the areas of Economics, Commerce or Business Administration.
• Credit Certification
• ACIB or similar professional qualification
• A minimum of 10 years’ experience in a Financial Institution – with at least 5 years in a senior position in Credit management.
Skills:
• Strategic awareness and excellent analytical, problem solving and decision-making skills
• Experience in leadership and managing a big team.
• A hardworking, self-motivated, analytical and results orientated person with the ability to work with minimum supervision.
• Thorough understanding of internal credit policies and Financial Institutions Act (FIA)
• Proficiency in Computer packages including MS EXCEL, MS WORD
• Financial Risk Analysis skills.
• Additional training/professional qualification in Business, Investment and project appraisal
• Communication skills (both oral and written)
• Basic legal knowledge
• A good understanding of General day to day market trends
• Good communication skills
• Team player
• Networking skills
• Attention to detail

Mental Skills:
• Planning ahead 5 years
• Communication Skills:
Contacts:

Internally:
• MD, Board
• Legal Dept
• EXCO
• Finance
• Risk
• Retail
• Business Development
• HR
• Operations
• Audit

Externally:
• Regulators
• Credit Reference Bureau
• External debt collection agencies
• Insurers
• Clients