As Head of Credit Risk Manager, you will be active in origination, credit, operations, credit quality assurance and loan remediation teams to ensure that credit risk indicators and early warning signs of credit delinquency are monitored proactively and that, recommendations for actions to be taken to ameliorate the situation are made and acted upon. Mitigate risk for structured arrangements and design appropriate instruments appropriate for the credit clients.
Requirements
Graduate degree in Business Administration, Banking or Finance from a recognized University or a professional qualification in Banking or Credit
Sound experience of at least 5 years with a leading organization and familiarity with the major business development channels in trade finance, project finance, export development, asset financing, treasury and syndications
Demonstrated understanding of the Micro leasing Fund's major product offerings to clients
Demonstrated understanding and experience of the asset backed loans/leasing finance operating model as a basis for the mitigation of identified risks in potential business transactions and especially in the areas of credit risk management and monitoring
Excellent verbal and written communication skills
Demonstrated leadership capabilities, including ability to organize and manage human resources to attain goals
Exposure to the corporate lending space and a good understanding of the SACCOs and MFIs is crucial
Understanding of development finance and structured financing especially in innovative products that involve Guarantees schemes etc. is critical .
Great Interpersonal skills and ability to present to and interact with partner and donors to the fund is imperative.
Responsibilities
To monitor all aspects of the Micro leasing Funds credit risk management process and ensure that they are in compliance with the approved governance by the Board
To lead the origination process together with the consultant team on the ground in analyzing investment opportunities and preparing the requisite Investment Memoranda for submission to the Investment Committee
Escalate exceptions with recommendations to Management board for appropriate action as per credt policy
As part of the investment committee of the fund, participate in the review of creditworthiness and risks associated with potential business transactions with appropriate tools and models, with a view to providing mitigants to identified risks
Analyze delinquent accounts and prepare reports on highest risk accounts including recommendations for resolution
Check for credit viability on requests for extended terms, and evaluate various adjustments or exception documents
Support loan remediation to maintain bad debt and bad debt recovery exposures to within acceptable risk appetite levels
Conduct periodic stress tests and scenario analysis, assessing the impact to the Fund's credit portfolio and make appropriate recommendations to senior management for appropriate action
Monitor credit positions closely to proactively identify problem accounts and make timely recommendations to management board for remedial action
Support the loan remediation in negotiating work out plans and strategies for delinquent customers
Review and analyze the delinquent portfolio to identify key causal factors and lessons, make recommendations to management board for approval and track them to ensure adequate and timely closure
Manage exposures requiring collection agency or legal action and coordinate collections with third party contractors
Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to management board and suggest actions/penalties to be taken when appropriate
Provide advice to all other functions in the Micro leasing Fund with respect to credit risk management policies, practices and standards
Prepare timely, comprehensive and reliable credit risk reports to management board on a monthly and quarterly basis for the benefit of senior management and the board with Head of Risk review and sign-off
Support with the effective implementation of the Enterprise Risk Management (ERM) Framework to establish an effective risk-based system to identify, measure, monitor, control and report bank-wide risks
Undertake all such other roles and responsibilities as may be assigned by the management board from time to time.