Head of Credit- Micro Finance Bank

About the job

Our Client is a Licensed Micro finance bank with over 6years of operations is in need of a Head of credit who will be responsible for the following

Responsibilities

Credit Strategy and Policy Development: Develop and implement the bank’s credit strategy and policies in line with regulatory guidelines, industry best practices, and the bank’s risk appetite. Continuously review and update credit policies to align with changing market conditions and ensure compliance.

Credit Risk Management: Establish and maintain a robust credit risk management framework, including the development and implementation of risk assessment methodologies, credit scoring models, and risk mitigation strategies. Monitor credit portfolio quality and ensure appropriate risk controls are in place.

Credit Underwriting and Approval: Oversee the credit underwriting process and ensure thorough evaluation and analysis of loan applications, creditworthiness assessment, and collateral assessment. Provide guidance and support to credit officers in making informed lending decisions while adhering to established policies and procedures.

Portfolio Management: Monitor the performance of the credit portfolio, including tracking delinquency rates, repayment trends, and collections. Implement effective portfolio management strategies, such as early warning systems, to identify and mitigate potential credit risks. Develop and implement strategies to minimize non-performing loans and optimize portfolio quality.

Relationship Management: Build and maintain relationships with clients, stakeholders, and external parties such as credit bureaus, regulators, and auditors. Collaborate with other departments, such as business development and operations, to ensure seamless delivery of credit services and support the bank’s overall objectives.

Compliance and Reporting: Ensure compliance with relevant regulatory requirements, industry standards, and internal policies. Develop and maintain effective reporting systems to provide regular updates on credit portfolio performance, loan disbursements, and collections. Prepare reports for senior management and regulatory authorities as required.

Market Research and Analysis: Stay updated with industry trends, market conditions, and regulatory changes that may impact the credit operations of the bank. Conduct research and analysis to identify new market opportunities and recommend appropriate credit products and services to meet customer needs.

Qualifications and Skills:

· Bachelor’s degree in finance, economics, business administration, or a related field. A master’s degree or professional certifications in credit risk management or microfinance would be advantageous.

· 4 years and above experience in credit operations, preferably in microfinance banking or commercial banking, with a strong understanding of credit risk management principles and practices.

· Knowledge of microfinance industry regulations and compliance requirements.

· Proven track record in credit portfolio management, including underwriting, monitoring, and collections, with a focus on minimizing credit losses and maintaining portfolio quality.

· Strong leadership and team management abilities, with excellent interpersonal and communication skills.

· Analytical mindset with the ability to interpret financial statements, credit reports, and other relevant data to assess creditworthiness and make informed lending decisions.

· Familiarity with credit risk assessment tools, credit scoring models, and loan appraisal techniques.

· Proficiency in using credit management software and MS Office suite.

· High level of integrity, ethical standards, and commitment to upholding the bank’s values and customer-centric approach.