Senior Officer Monitoring & Control Job Placement – DFCU Bank

Organization: DFCU
Duty Station: Kampala,
Reports to: Senior
Manager Credit Support & Monitoring
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.
Job Summary:    The Senior Officer Monitoring & Control
is responsible for monitoring and controlling the credit risk of the Bank at
portfolio level in compliance with the credit policy and BOU guidelines, and
report exceptions that require management’s attention and provide possible
remedial action.
Key Duties and Responsibilities: 
  • Keenly tracks and monitors post approval covenants and ensures any
    breaches are highlighted and escalated accordingly
  • Checks whether account classification and provisions are in line
    with regulatory and policy requirements and reports any exceptions for
    further review
  • Check the loan accounts for correct implementation of approved
    interest rates /floor rates are correctly implemented in the system
  • Perform checks to ensure annual review dates are documented,
    followed and applicable fees are recovered/charged
  • Check and ensure deferred deliverable items are complied with in the
    agreed timelines and advise management on the same
  • Identifies Warning Signs across the portfolio and reports
  • Working closely with Credit team and Relationship Managers (RMs) to
    obtain required information for his/her work
  • Check compliance with approved drawdown programs for project finance
    loans and other loans where necessary, and confirm whether recommendations
    have been complied with.
  • Periodically accompany RMs to client visits and/or meetings to
    address credit risk matters
  • Escalate issues within the agreed timelines
  • Advise whether all processes adhere to laid down controls and
    procedures in accordance with bank policies and Prudential Guidelines
    issued by the Central Bank and any other relevant regulatory requirements.

Qualifications, Skills and Experience:
  • The applicant for the DFCU Bank Senior Officer Monitoring &
    Control job placement must hold a Bachelor’s degree or above degree
    in Finance, Banking, Business or related subjects Credit
  • At least four years of overall banking experience, 3 of which should
    have been within Relationship Management or Credit Risk environment
  • Strong analytical and numerical skills supported by experience in
    credit analysis
  • Good interpretation and decision making ability
  • Ability to read and comprehend financial statements, credit
    write-ups and loan documentation
  • Ability to manage complex and multifaceted stakeholders
  • Effective communicator and influencer
  • Excellent negotiation and stakeholder management skills
  • Good planning and organizational skills
  • Demonstrates attention to detail
  • Excellent understanding of the Banking Act and prudential guidelines
  • Good knowledge of banking products, evolving credit risk management
    systems and loan admin
  • Good understanding of legal risks and laws applicable to Banking and
    Finance relating to lending and credits documentation.
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 (University
Transcript, O & A level) to:
Deadline: 9th May 2019
NB: dfcu
Bank does not solicit/accept payment in cash/kind from prospective candidates
in exchange for shortlisting or job placement. Any candidate who engages in
this kind of transaction is aiding and abetting fraud and will be automatically
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