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Head of Credit

Purpose of the position:

The job holder will be responsible for managing the Credit function of the institution relating to all types of lending and will be responsible for ensuring that credit facilities and loans are granted within the institution’s regulations and institution’s credit policies.

Major Responsibilities:

  • Ensuring that Credit Department adheres to policies and procedures presented in the Credit Policy Manual
  • Ensuring that credit facilities approved are permitted in compliance with the terms of sanction and Credit Policy
  • Ensuring that existing credit lines are monitored to identify problematic accounts that require remedial action and that appropriate action is recommended to the Credit Risk Management Committee
  • Recommending classification for loans and advances according to regulatory provisioning requirements as well as IFRS 9 guidelines and coordinating required provisioning for all identified problematic accounts
  • Coordinating with external and internal auditors in reviewing the institution’s credit risk
  • Submitting periodic reports regarding the status of the loan portfolios
  • Contributing proactively to various risk-related projects and initiatives owing to synergies (e.g. stress testing, IFRS 9 and ICAAP) especially on aspects pertaining to credit measurement and sourcing/ management of data for these initiatives
  • Contributing to system implementation projects in the credit risk space (e.g. Credit Management System) by providing requirements and design inputs, particularly about credit risk recognition and measurement
  • Developing and enhance the Credit Reporting & Monitoring framework which meets the requirements of various external and internal stakeholders.
  • Ensure timely and accurate delivery of Credit Risk Reports.
  • Interpret the information and suggest actions for consideration by Senior Management
  • Carrying out the responsibilities pertaining to Board Credit Committee which includes preparation of information pack/reports and responding to data/ analytical requests from the Committee
  • Enhancing and reviewing Credit Policies and Standards in order to ensure that these reflect the best practice and regulate the risk assets of the Bank as directed by the Board.

How to apply

If you feel you fit this criteria kindly send through your CV to the email below:

Application deadline
16 Jan 15:00
Email applications to
mlumbwe@priconsultants.com
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Precision Recruitment International
Precision Recruitment International (PRI) is a privately owned recruitment company with offices in Zambia, Zimbabwe (HQ) and Mozambique. It has positioned itself to provide high quality recruitment services by acquiring the best possible prospects and placements. It does this by pro-actively building relationships with people in developing industries in the various regional countries. PRI uses a wide range of techniques that include specified 'search and selection' methods and contingent-based recruitment techniques.
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