Ecobank Rwanda Plc.
P.O. BOX: 3268 Kigali – Rwanda
External recruitment Advert
Job Vacancy: Head Credit Risk
Opening date: February 12, 2021
Closing date: February 26, 2021
About Ecobank Rwanda Plc
Ecobank Rwanda Plc is a full-service bank that joined the Rwandan market in 2007 with the aim of providing a broad range of products and Services to Consumer, Commercial, and Corporates business segments.
The bank’s vision is to build a world-class bank and contribute to the economic development and financial integration of Rwanda and the region by providing customers with convenient and reliable financial products and services.
Ecobank Rwanda Plc is an affiliate under Ecobank Group and operates in Central East and Southern African (CESA) region.
In order to respond to our growing market with the required human capital, we are currently looking for experienced professional in the following area
Role Title: Head Credit Risk
Reporting: Managing Director
JOB PURPOSE:
To provide leadership to Credit Risk Management department and oversee management of risks inherent in the credit process, loan documentation, and portfolio management. This job includes early warning signs and remedial management of nonperforming loans
KEY RESPONSIBILITIES:
- Effectiveness of the unit structure & systems (policies, processes, procedures & tools) in achieving compliance requirements, optimal efficiency, resource utilization, and cost containment.
- Quality of leadership experienced throughout the unit and how effectively that translates into a conducive work environment and employee satisfaction
- Quality of Credit Risk Management services (approvals, disbursements, reports, and remedial management) in supporting business goals
- Minimization of exposures and impacts of credit risks
- Safe custody and ease of retrieval of credit securities
- Adequacy of competence of self and staff to effectively perform the unit’s tasks.
- Successful application of risk-based pricing models
- Determination of portfolio staging and credit impairment charges in line with International Financial Reporting Standards, Central Bank Prudential Guidelines, and Ecobank Credit Policies
- Formulation and periodic review of the Bank’s credit risk appetite and credit risk management strategy
- Review and approve Target market and Target Market RAACs proposed by the business units;
- Liaison with the regulator and external auditors in all matters pertaining to the Bank’s credit portfolio
- Prepare and present quarterly credit portfolio performance reports to the Board Credit Committee;
- Ensure all policies of the Bank as well as laws and regulations relating to the Bank’s lending activities are observed;
- Remedial management
KEY RESULTS AREA
|
Perspective |
Measurement dimensions |
|
|
|
|
|
|
|
|
COMPETENCES REQUIREMENTS
Leadership to nurture and sustain employee satisfaction, and to manage changes.
- Performance Management to optimise employee productivity
- Organization development to effectively structure the unit for optimal performance
- Knowledge and experience in modern Credit Risk Management practices in the Financial Services industry to provide visionary guidance on improvements and changes.
- Interpersonal skills to effectively communicate with and manage customer expectations (internal and external), and other stakeholders who impact performance.
- Technical skills to effectively perform or guide performance of Credit Risk Management activities/tasks in a manner that consistently produces high quality of service.
- Knowledge of lending products.
- Knowledge and effective application of all relevant banking policies, processes, procedures, and guidance to consistently achieve required compliance standards or benchmarks
- Self-empowerment to enable development of open communication, teamwork, and trust that are needed to support performance and customer-service oriented culture.
DECISION-MAKING PARAMETERS AND AUTHORITY LEVELS
- Infrastructure of Credit Risk Management unit in consultation with the Managing Director.
- Approving extensions of credit in line with the Ecobank Credit policy and the delegated discretionary limits. Ensuring material policy exceptions are escalated for approval by the BCC/SPECIALIST/SCO(all levels upto level1) and Board Credit Committee.
- Give guidance and advice on all Credit Risk Management, Administration and Policy related issues for the Bank
MAIN ACTIVITIES
- Formulation and constant review of the Bank’s Credit Policy and establishment of a regime of controls and disciplines that ensures compliance with lending principles and guidelines laid down in the Credit Policy Document
- Continually review Sectoral ceilings; discretionary authorities; portfolio measures; including industry limits, Tenor limits, risk rating, NPL, risk ‘ acceptance criteria, security acceptance, and credit risk matrices.
- Continually review product programs in line with market requirement, emerging risks, and performance.
- Ensuring that provisioning policies are in line with the Bank’s Credit Policy Document, comply with Banking Act provisions, and co-ordinate with Finance Division to ensure appropriate provisions and interest suspensions are affected in the Bank’s accounting systems.
- Management of the Credit Appraisal and approval system, ensuring that appropriate reviews of Credit proposals are undertaken on a timely basis.
- Ensure continued maintenance of a quality portfolio in line with bank standards as stipulated in policy guidelines through effective monitoring.
- Implementation of new and effective dimensions on portfolio risk management especially in line with Group strategy.
- Implementation of automated processes to minimize manual interventions thereby increasing efficiencies in the delivery of credit products at both personal and corporate lending levels.
- Provide ongoing relevant training to all bank staff involved in lending business to address identified skill gaps.
- Oversee preparation and sign off all credit related reports to Central Bank of Rwanda and Group.
- Prepare credit related Board papers.
- Management of the non-performing asset portfolio of the Bank in line with the Credit Policy Document and Central Bank of Rwanda’s Prudential Guidelines and recommend action to EXCO and the Board, which minimise losses and facilitate full recovery of any exposure taken by the bank
- Initiate review of industry and sector economic analysis and compile statistical information including macroeconomic information, indices and provide feedback to the Senior Management Team, EXCO, and the Board on the possible impact of identified trends.
- Provide technical support to the Executive Committee on the management of the Bank’s credit portfolio and the review and approval process for credit proposals.
- Management of the credit administration aspects of the portfolio, including ensuring that all requisite security documentations are in place prior to disbursements.
- Organize, manage and motivate the available human capital within Credit Risk Management Unit through establishment of suitable organization structure and implementing development programs to optimize competence and productivity
QUALIFICATION REQUIREMENTS & EXPERIENCE:
Educational Qualifications:
- University degree in business related areas or equivalent
- Relevant professional qualifications (CPA; ACCA….) or a professional qualification in banking
Experience:
- Minimum of seven years’ experience in credit risk management in Banking sector
- Five years’ experience in Senior Management
- Behaviour skills and technical skills
- Provide leadership and capacity development for the Credit Risk Management department;
- Maintain productive working relationships with the line managers in the business development
- To demonstrate ability in quantitative analysis;
- Working knowledge of credit risk, lending and collections;
- Thorough understanding of credit scoring validation techniques;
- Detailed oriented with an eye for precision;
- Prior joining the position the employee must have a satisfactory evaluation marks and not blacklisted anywhere.
Ecobank Rwanda Plc is an equal opportunities company and females’ candidates are encouraged to apply, If your career aspirations match this exciting opportunity, please write in confidence quoting the position on the subject matter
How to apply: Interested candidates should send their application file (CV, Academic certificate, and cover letter)
Only those who strictly meet the criteria should apply for this position
Due to the expected high volume of applications we cannot respond to all applications and will only be contacting shortlisted applicants.
______________________ Ends_____________________________
ECOBANK RWANDA MANAGEMENT
