Credit Risk Monitoring Officer

Job Description

Essential Information:

To emphasize and protect high Credit Quality while encouraging and increasing the Bank’s market share without compromising risk assets quality.

Reporting Relationships:

Functionally reports to the Chief Credit Officer

Job Duties:

Drive the achievement of minimal loan loss provision (Max NPL to total loan portfolio of 3%).

Implement the framework for event-based credit monitoring i.e. Rapid portfolio review.

Review all accounts recommended for classification and authorize eventual classification and provisioning as appropriate.

Implementation of policy driven Credit related Sanctions.

Reviews of exception reports prepared by the units and provide guidelines at evolving a regularization framework.

Guiding Business offices on promptly addressing early warning signals.

Preparation of weekly and monthly activity reports to the department Head.

Review portfolio for concentration risks, global limits etc., and advise appropriate actions.

Conduct Monthly Revenue Assurance on disbursed loans on the loan portfolio.

Conduct the periodic collation, review, consolidation, invoicing and reconciliation of relevant Credit related loans.

All other activities as delegated by the department Head.

Key Performance Indicators:

Responsiveness to internal customer requests.

Efficiency in the classification of accounts in line with prudential guidelines.

Efficiency at income recognition and repayment monitoring.

Timeliness in the preparation of exception reports/reviews on all credits including product programs.

Proactive-ness in the detection of account deterioration and communication of same to business units.

Quality of risk assets portfolio (Non Performing Loans (NPL) to total loan ratio).

Timeliness in the detection and escalation of unauthorized credits.

Performance Metrics under Execution Mastery; Timeliness in completion of assigned tasks.

Effectiveness at execution of assigned tasks; Efficiency at executing scheduled and adhoc assignments.

Skills:

Strong excel skills and Data analytical skills

Strategy formulation & Business Awareness,

Creativity & Innovation,

Resource Management,

Delegation & Empowerment,

Ability to Inspire & Manage Change,

Analytical Thinking,

Decision Making,

Problem Solving,

Diversity Management

Interrogatory skills;

Communication skills;

Fraud Detection & Control;

Internal Audit practice; Auditing Skills

Accounts Management;

Analytical and Investigation Skills;

Accounting Skills;

Comprehensive Treasury skills

Job Requirements & Knowledge:

Core Business Processes

Industry Knowledge

Banking Operations

Business Risk Management

Credit Analysis

Credit risk management principles and Bank of Zambia regulatory requirements

Deep knowledge and understanding of regulatory requirements, and risk parameters

Deep knowledge and understanding of IFRS 9 provisions and classifications guidelines

Application requirements:

Minimum Education Qualifications

Bachelor’s Degree in Banking, Finance, Economics, Accounting or related field with Credit or better

Grade Twelve Certificate with at least Five (05) Credits or better, including Mathematics and English.

ZAQA verified certificates

Previous Work Experience Requirements

At least 3 – 5 years’ experience in loan monitoring and portfolio management.