ROLE ACTIVITIES
1. Credit Portfolio Management
- Develop and implement strategies to optimize the credit portfolio’s performance, balancing risk and return.
- Conduct regular portfolio reviews to identify trends, opportunities, and potential risks.
- Ensure alignment of the credit portfolio with the institution’s risk appetite and strategic objectives.
2. Credit Governance Framework
- Design and maintain a robust credit governance framework that adheres to best practices and regulatory requirements.
- Participate in the development and continuous improvement of credit policies, procedures, and guidelines.
3. Credit Risk Reporting
- Prepare and present insightful credit risk reports for senior management, risk committees, and regulatory bodies.
- Develop and maintain a suite of key risk indicators (KRIs) for effective credit risk monitoring.
- Provide actionable recommendations based on portfolio analysis and risk assessments.
4. Credit Risk Modelling and Analysis
- Oversee the maintenance, and validation of credit risk models, including IFRS 9 models and credit scorecards.
- Conduct stress testing and scenario analysis to assess portfolio resilience under various economic conditions.
5. Credit Committee Support:
- Serve as a key member of or advisor to the credit committees providing data-driven insights, risk assessments, and recommendations on credit decisions.
- Ensure all credit-related decisions are made following proper governance protocols and risk policies.
- Facilitate effective decision-making processes through clear communication of complex credit risk concepts.
6. Regulatory Compliance and Audits
- Monitor compliance with relevant regulatory requirements, including those related to IFRS 9, and other credit-related regulations.
- Support internal and external audits by providing necessary data requirements as well as documentation and ensuring adherence to credit governance standards.
7. Credit Risk Policy Development:
- Contribute to the development and review of credit policies, ensuring they reflect current market conditions and regulatory changes.
- Recommend changes to credit risk policies and frameworks based on portfolio performance and risk assessment outcomes.
8. Data Analysis and Scenario Testing:
- Conduct stress testing and scenario analysis on the credit portfolio to assess its resilience under adverse conditions.
- Use data analytics to forecast potential risks and losses and recommend mitigation strategies.
9. Maintain and update various Credit Models
- Ensure models performance is tracked, and trends recorded over time
- Participate in the period calibration of models having observed market and business trends
- Participate in the development of scorecards
10. Stakeholder Management and Training
- Build and maintain strong relationships with internal stakeholders across business units and external regulators.
- Design and deliver training programs on credit risk management and governance for staff at all levels.
- Act as a subject matter expert, providing guidance, training on complex credit risk issues to various departments.
QUALIFICATIONS & EXPERIENCE
- Bachelor’s degree in finance, Economics, Actuarial Science, or a related field
- Professional certifications such as FRM, Chartered Financial Analyst (CFA), Certified Credit Professional (CCP) certifications in credit risk management will be an added advantage.
- Minimum of 6 years of progressive experience in credit risk management, with at least 3 years in a leadership role.
- Proven track record in developing and implementing credit risk models and governance frameworks.
- Deep understanding of regulatory requirements including Basel III/IV and IFRS 9.
- Strong background in statistical analysis, machine learning, and financial modelling.
Closing date: 31 December 2024