Job Title: Monitoring & Control Manager
Organisation: DFCU Bank
Duty Station: Kampala,
Uganda
Uganda
Reports to: Senior Credit
Operations Manager
Operations Manager
About US:
DFCU bank is a fast growing commercial bank offering a variety of
innovative products and services. DFCU Limited was started by the Commonwealth
Development Corporation (CDC) of the United Kingdom and the Government of Uganda
through the Uganda Development Corporation (UDC) under the name of Development
Finance Company of Uganda Limited. Later restructuring brought in DEG (of
Germany) and International Finance Corporation (IFC) as equal partners with CDC
and UDC, each having a 25% stake in the company. Its objective was to support
long-term development projects whose financing needs and risk did not appeal to
the then existing financial commercial lending institutions.
innovative products and services. DFCU Limited was started by the Commonwealth
Development Corporation (CDC) of the United Kingdom and the Government of Uganda
through the Uganda Development Corporation (UDC) under the name of Development
Finance Company of Uganda Limited. Later restructuring brought in DEG (of
Germany) and International Finance Corporation (IFC) as equal partners with CDC
and UDC, each having a 25% stake in the company. Its objective was to support
long-term development projects whose financing needs and risk did not appeal to
the then existing financial commercial lending institutions.
Job Summary: The Monitoring
& Control Manager will enforce compliance to Credit Policy, Financial
Institutions Act, pre and post disbursement conditions of sanction including
but not limited to financial and non-financial covenants, so as to ensure high
quality of the asset book, minimize losses and avoid penalties from the Central
Bank.
& Control Manager will enforce compliance to Credit Policy, Financial
Institutions Act, pre and post disbursement conditions of sanction including
but not limited to financial and non-financial covenants, so as to ensure high
quality of the asset book, minimize losses and avoid penalties from the Central
Bank.
Key Duties and
Responsibilities:
Responsibilities:
- Ensure compliance with all relevant
regulatory and statutory requirements like BOU, Auditors (External), URA,
Funders, Credit Reference Bureau, Sanctioned conditions have been adhered
to avoid penalties to the Bank. - Capture all (non) financial conditions
& covenants, Internal Triggers in tracker & their frequency of
review (both one off & ongoing) and enforce the execution of the same
so as to achieve a high quality asset book and minimize losses. - The jobholder will verify that the
approved loans and advances and static data captured in the system is
accurate, monitor post disbursement transactions on a daily basis for
borrowing accounts in the system and flag them for action e.g. expired insurance,
waivers and dispensations, expired Valuations, unfulfilled sanctioned
conditions etc. - External co-ordination with suppliers of
leased assets for full compliance with importation requirements, accurate
disbursements to the actual suppliers and timely delivery of the imported
equipment to avoid fraud and timely purchase of quality equipment with
proper verification and title and within the agreed facility amount. - Daily reporting on key risk areas;
excesses/arrears; progress on pre and post disbursement conditions &
covenants tracker, review of account triggers i.e. Declining customer
turnover, annual reviews due or overdue, limits due to expire, outstanding
security (perfection), insurance, follow up on previous commitments and
follow up on the same with the RMs and Business Bankers. - The incumbent will recommend improvements
to the company’s credit policies and procedure to contribute to improving
profitability. - Ensure timely reconciliation on all credit
reconcilable accounts by the 5th working day of every new month.
Qualifications, Skills and
Experience:
Experience:
- The applicant for the DFCU Monitoring
& Control Manager career opportunity should hold a relevant university
degree - At least four years of banking experience
- Extensive knowledge of the principles and
practice of banking acquired through professional qualifications - In-depth knowledge of the Bank’s Credit
policies and FIA guidelines. - Effective communication, good
interpersonal and research skills. - Broad knowledge of Consumer Banking and
DIB lending and different products offered - Good credit analysis skills and conceptual
understanding of the business - Computer literacy i.e. proficient with
Microsoft desktop and Finacle for efficient monitoring and report making. - Self-motivation, result orientation with
ability to make appropriate decisions as and when required; and ability to
work under minimum supervision. - Underwriting standards and good working
knowledge of the operations of other departments
How to Apply:
All candidates who so wish to join the banking sector in the
aforementioned capacity are encouraged to send their applications with detailed
CVs including present position and copies of relevant professional/academic
certificates to: [email protected]
aforementioned capacity are encouraged to send their applications with detailed
CVs including present position and copies of relevant professional/academic
certificates to: [email protected]
Deadline: 28th February,
2017
2017
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