Officer, Credit Risk Management
Overview
Job ID: 26256
Job Sector: Banking
Closing Date: Aug 24 2017
Country: Tanzania
Region/State/Province/District: Dar es Salaam Region
Location: Dar es Salaam
Job Details
Group Risk Management: understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bank
Job Purpose
Ensure that the Bank’s need to provide adequate controls over the risks encountered in the post-credit granting stage of the credit process are satisfied by:
Implementation of the credit procedures by maintaining a tight control over all aspects of advance administration to contain credit risk within acceptable parameters and ensuring that all bank and statutory returns and reports are produced in an accurate and timely manner.
Actioning all identified credit control events and defaults, in order to reduce the roll rate of non-performing loans into lock up portfolio by providing a prompt and orderly turnaround environment in which controls can be exercised to ensure that the Bank is not faced with avoidable losses.
Key Responsibilities/Accountabilities
Risk Management
-Ensure that all the necessary controls and systems are in place to address the risks encountered in the post-credit granting stage of the credit process.
-Diarise and follow up on conditions of Sanction
-Load limits approved for drawdown of facilities once satisfied that all terms and conditions of sanction/covenants have been met and all required collateral have been obtained and are in legal order.
-Ensure adherence and compliance to all processes, policies and procedure.
-Loading of review dates, new risk grades, interest rates and limits relating to the approved applications. Ensuring that the above information is at all times correct and current. Where discrepancies/irregularities are evident, corrective action is to be taken without delay.
-Action Internal and External Audit reports and ensure that any shortcomings highlighted have been sufficiently addressed.
-Keep Internal Audit Issue tracking up to date and ensure that the matters which are adequately address are referred to the Head of Credit Risk for approval before sending the completed issues to Internal Audit for sign off on matters that have been sufficiently addressed.
-Place accounts identified as problematic on the watch list and are re-risk graded to reflect their current irregular status.
-Identify accounts that are problematic and take them up with Business Unit to ensure that remedial action is taken to regularise the exposure and /or escalate them to Rehabilitation and Recoveries team.
-compliance with all relevant regulatory and statutory requirements.
-Coordinate and close all issues from Head Office on actions required
-Compile information as and when called for by the Head of Credit or Head Office
-Close monitoring of excesses.
-Establish reasons for risk exposure in excess of credit facilities, evaluates these in relation to business risk parameters. Monitors utilization in excess of credit facilities.
-Keep adequate records of dishonoured items and that the set procedures are adhered to.
-Manage and monitor the following irregular accounts:
-Dormant accounts
-Accounts in excess of arranged limits
-Accounts with a debit balances without arranged limits
-Expired facilities
-Ensure that accounts identified as irregular are developed with the respective Account Analyst to ensure that remedial action is taken to regularise the exposure and /or escalate them to Credit Risk Manager.
-Propose remedial action in terms of irregular accounts to regularise. Suitable diary notes are to be kept to follow up on agreed actions. Assistance of responsible Account Analyst is to be enlisted where necessary.
-Maintain a diary system to ensure timely follow up and ensure that corrective action is taken and the account rectified as indicated.
-Proactively drive review process of existing facilities, ensuring consistent thorough and timely evaluation of all existing facilities.
-Timely Grouping of accounts.
-Communicate with branches to ensure regularisation of accounts
Daily
Identifying and managing existing high-risk accounts, and taking the necessary corrective action when the risk profile threatens to become unacceptable.
Ensure that the risk management processes are operating effectively and that high risk accounts are identified and placed on the Watch list.
Make appropriate diary notes and follow up on Conditions of Sanction
Load and release Limits
Action Exception Report as per GRG Guide Lines
Action the Group Report as per GRG Guide Lines
Action Limit Maintenance as per GRG Guide Lines
Action Interest rate changes as per GRG Guide Lines
Action Cognos Limit Review Report
Action Cognos Limit Expiry Report
Load Reduction Orders
Action instruction from the CEM on Referral Report and diarise accordingly
Attend to general Credit Risk related queries
Weekly
Monitor effectiveness of the management of names on the Watch List
Follow up on action items from meetings
Action Weekly Reduction Orders
Action the Branch Overdraft List as per GRG Guide Lines
Monthly
Assist in coordinating monthly Watchlist and Credit Risk Management Committee meetings and record proceedings thereof.
Follow up on outstanding audit issues
Ensure that covenants and approval conditions are recorded, diarised and followed up effectively
Action the Damage Control Report as per GRG Guide Lines
Preferred Qualification and Experience
Banking experience, particularly pertaining to credit risk management, banking processes with regard to banking products and the operation thereof.
Broad knowledge of applicable Acts and Bank Manuals.
Energetic and with sound decision skills
Must be able to work under pressure and remain focussed.
Analytical with a tolerance for high volumes and problem absorption whilst detailed oriented.
Knowledge/Technical Skills/Expertise
Thorough understanding of the bank’s products and facilities, and where the risks lie in these facilities. Understands the terms of the facilities, and the conditions that will need to be compiled with over the duration of the facility’s life to ensure that legal risk is effectively restricted.
Deep knowledge of various legislative requirements, particularly as it pertains to credit agreements, loan documentation, legal processes, and the variety of lending mechanisms and types of collateral that may be used.
Thorough understanding of relevant registration processes and various contingencies that may occur under exceptional conditions particularly pertaining to the assets of large corporate organisations.
Understanding of the bank’s systems, policies and procedures in order to optimally draw on the available information to manage and control the post-credit granting processes.
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