Chief Credit Officer

The following position are vacant in the Credit Department

Job Title: Chief Credit Officer
Reports to: Chief Executive Officer

Job Purpose:

To ensure effective monitoring and control of the Credit Department and compliance to Bank Credit Policy and Bank of Zambia (BOZ) regulations.

Job Accountabilities

• Incumbent will deal with the accountabilities as outlined below and others as may be assigned:
• Formulate credit strategy based on target market and products.
• Formulate the Bank’s credit risk appetite
• Ensure that portfolio and segment level policies, standards, minimum requirements and intemrctations of regulations are in place.
• Ensure credit risk governance adherence as well as implement governance specifications as per the Bank’s credit policies.
• Ensure that legal and operational risk requirements are adhered to by the Bank
• Review and challenge the Bank’s institutional risk mandates for consistency with the Bank’s credit risk appetite.
• Ensure that appropriate credit specific technology and tools are in place and maintained.
• Ensure that appropriate engagement of external service providers is implemented, maintained and measured.
• Ensure that robust credit origination and approval processes within approved delegated mandates, credit policy and risk appetite are in place.
• Ensure that measurement and assessment of credit risk is done through appropriate risk quantification, use of ratings and supporting quantitative or qualitative models.
• Ensure appropriate policies and structures are in place to manage excesses, expired limits and covenants.
• Ensure that appropriate policies and structures are in place to cure, recover or write off non-performing accounts.
• Ensure that appropriate policies and structures are in place to provide against expected credit losses.
• Ensure that appropriate structures are in place to report portfolio information to Internal and external stakeholders, including any non-compliance.
• Ensure that credit portfolio stress testing is done and that remedial measures are taken were necessary

Required Competencies/ Expericncc

Critical Knowledge/qualification:

• A Bachelor’s Degree in Business, Accounting or Legal
• A Master’s Degree or MBA in Finance would be an added advantage.
• At least seven (7) years’ experience in corporate credit underwriting/analysis, credit evaluation and control.
• At least three years (03) years’ experience at Chief Credit Officer level.
• International Financial repolting Standard 9 (IFRS9)
• Being a member of the Zambia Institute of Banking and Financial Services (ZIBFS) or similar institution would be an added advantage

Critical Skills:

• Business awareness, leadership and management skills;
• Organizational skills and the ability to understand detailed information;
• Computer and numeracy skills, with strong skills required for /Fxcel and Credit Workflow systems
• Credit underwriting and decision making
• Problem solving and innovation
• Strong interpersonal skills to form effective working relationships with counterparts at all levels;
• Contract management and interpretation
• Commercial business rationale

Critical Experience:

• Minimum of seven (07) years experience in a bank corporate credit management environment
• Experience in dealing with Senior/Executive Management
• Good knowledge of Bank of Zambia guidelines and other relevant
• Credit related Regulations including Basel 11
• Experience of presenting to and communicating with senior management and the Board

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