Job Objective:

• Manage, develop and implement the credit risk functions for the bank in line with the Risk Management Policy framework and prudential regulations, adhering to best international standards and practices.

Responsibilities

• Establish strengthen governance of credit risk through the development and ongoing review of risk appetite, policy, procedures and limits in order to ensure that losses associated with potential default may be avoided. Propose risk limits for credit risk on portfolio basis to assess that credit risk remains within the risk appetite approved by the BOD.
• Develop and review of credit risk models / monitoring tools to assess that banks overall credit risk exposure is maintained at prudent levels and consistent with the available capital.
• Review of credit policy, credit procedures, business strategy and collection default management strategies. Recommend collection default benchmarks / efficiency rates bank-wide basis.
• Review of product programs/manuals including financial viability/profitability based on projections, risk/return tradeoff, expected losses, delinquency etc. Assessing that such manuals/ programs are in accordance with the risk management policies and framework.
• Develop/Review the stress testing framework, perform stress tests using different scenarios and/or in accordance with the regulatory requirements and generally accepted practices and reporting the results to the stakeholders on periodic basis.
• Supervise transactional review of lending portfolio on sample basis to determine the overall risk profile. Random visits of branches to check whether practices are in line with policies, procedures and regulations. Conduct trainings of frond-end staff on credit risk culture.
• Review/ assess the overdue accounts, collections efficiency, and default concentrations, provisions made against defaults, recoveries made against write-off cases, re-scheduling/ re-structuring, exceptions, write-offs etc. to propose recommendations for improvement purposes. Review Banks performance against KPI, KRIs and budget/Business Plan.
• Supervise/Prepare regularly scheduled business and credit risk reports and presentations for management and board. Compile analysis of compliance status inclusive of explanations for trends deviations. Ongoing monitoring, analyses and timely reporting of credit risk to management, RMC and BRMC in compliance with risk policy and procedures. Update the reporting requirements in the light of changing market dynamics to strengthen the reporting framework and presentation formats for portfolio analysis.
• Regular coordination/meetings with internal and external stake holders on day to day issues pertain to credit risk area. Responsible for development /grooming of subordinates.
• Perform any other responsibility as assigned by competent authority from time to time.

Job Specifications:

Educational Qualification

• MBA Masters from recognized institutions and preference will be given to professional certifications.

Skills

• Knowledge of financial products, including the ability to effectively explain same to others. A very good understanding of financial risk management concepts and applications.
• Strong analytical, interpersonal and communications skills.
• Ability to adapt to a changing environment. Flexible individual having good social attributes
• Willing to travel and relocate.
• Highly proficient in word processing, spreadsheet, and presentation applications. Inclined towards working in technology-driven environment.
• Well organized with good time management skills.
• Upholds organizational values.

• At least 10 years Credit related experience of working at Managerial level in Commercial or Microfinance Bank