Responsible for leading, driving the performance of, and actively managing the credit assessment team and approvals with specific responsibilities for corporate borrowers as defined by the bank.
Main Responsibilities:
- Ensure the highest standards of credit quality through the assessment, sampling and application of best practices to credit proposals and maintenance of the standards throughout the corporate borrowers and the team.
- Ensure that only quality assets are recommended for approval and in doing so ensure that a balanced credit opinion is provided with relevant mitigations of risks perceived.
- Work with the origination team on timely reviews including annual and interim review of early and timely identification of emerging risks and recommend remedial actions
- Deliver world-class credit assessment and evaluation services for the bank in the corporate space.
- Advise CCO / CREDCO timely on any known potential or actual shift on risk profile of a borrower / sector providing mitigation or remedial action in the process
- Ensure the quality of the credit assessments done by the unit comply to both external and internal policies and regulations.
- Ensure that all applications submitted to Credit Committees are complete and tabled timely to the credit committee members according to the agreed process and TAT.
- Lead by example and be the coach and mentor for co-workers (not only within the credit department but cross functionally)
- Defend the opinions of the unit on the Credit Committees and ensure that they are correctly captured in the minutes.
- Ensure that the credit risk management systems, which include credit rating, limit exposure aggregation and RAC (Risk Acceptance Criteria for credit application processing) are in place.
- Assist in the preparation and presentation of credit approval packs/ requests to the Credit Committees, challenge pricing to maximize value and ultimate sign-off at customer level remains with Chief Wholesale Banking / Pricing Committee.
- Deliver within the budget using the ‘working smarter’ approach
- Contribute proactively to various risk related projects and initiatives (e.g. stress testing, IFRS 9 etc.) especially on aspects pertaining to credit measurement sourcing/ management of data for these initiatives.
- Assist the Chief Credit Officer in development and review of Credit Policy and standards in addition to setting the risk appetite statement for the bank.
- Lead the bank’s credit audit assignments in relation to the bank’s corporate portfolio from Bank of Tanzania and External auditors and ensure all audit queries are attended to timely.
Knowledge and Skills:
- Strong understanding of credit analysis and risk management principles.
- Good understanding of Bank of Tanzania evolving regulatory guidelines and reporting requirements in this space of credit management
- Strong problem-solving skills (hypothesis-driven thinking, analytical, quantitative, conceptual skills)
- Thorough understanding of the evolving practices for the management of credit risk and regulatory requirements
- Capable of professional discussions with internal and external stakeholders
- Ability to manage system transitions smoothly and source data/ perform periodic computations.
- Time-management skills.
- People management and relationship skills.
- Excellent interpersonal and communication skills.
Qualifications and Experience:
- Bachelor’s degree in Banking, Finance, Business, Economics, Mathematics / Statistics or related fields.
- Professional qualifications, e.g. CFA/ CPA are an added advantage
- At least 7 years of banking experience, with most of it being in Credit Risk Management and corporate lending
- Exposure to Limit/ Collateral system implementation/ management is preferable
- Exposure to credit risk modelling is desirable
