Head of Credit

The role holder will be responsible for overseeing and managing all credit-related functions within bank, assessing credit risks, ensuring compliance with regulatory guidelines, and developing strategies to maintain a vigorous loan portfolio.

Duties and Responsibilities

• Ensure appropriate product specialties are involved as means of promoting sound underwriting.
• Regularly review the existing credit portfolio to assess credit quality and identify potential issues
• Ensure that all credit activities and practices comply with local and international banking regulations and laws
• Implement strategies to optimize portfolio performance, mitigate credit losses, and monitor delinquencies.
• Develop, review, and maintain the institution's credit policies and procedures.
• Approve, decline, or recommend credit facilities based on risk assessment and policy guidelines
• Implement and maintain controls and reporting mechanisms to mitigate legal and regulatory risks.
• Escalate adverse exposure of credit portfolios to internal stakeholders for action based on review of credit portfolios.
• Ensure that the various sub-sections are managed effectively and efficiently and that minimum quality standards are maintained

Qualifications and Skills

• Bachelor’s Degree in Accounting, Finance, Economics, Business or related field.
• Masters’s Degree in Finance, Accounting, Economics, Business or related field is beneficial.
• Professional Certifications (e.g. CPA, ACCA, CRC) is a plus.
• Minimum of 10-15 years proven experience as a Head of Credit or similar position.
• At least 7 years’ experience working in a senior management role.
• Experience in Credit risk management, policies and regulations in financial and banking sector.
• Strong understanding of credit risk assessment, financial analysis, and credit evaluation techniques. lending principles, and regulatory compliance.
• Highly motivated, with an enquiring mind and in pursuit of business growth and success
• Outstanding problem-solving skills
• Exceptional leadership skills.