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Job Title:    Head of Credit Risk Management

Organisation: DFCU Bank

Duty Station:  Kampala, Uganda

Reports to: Chief Risk Officer

About US:

DFCU Bank is a fast-growing Bank in Uganda offering a wide range of financial solutions to its chosen market segments. We are seeking to recruit a Head of Credit Risk Management Officer respectively to support our expansion strategy.

Job Summary:  Reporting to the Chief Risk Officer, the role holder will be responsible for Interpreting and Influencing policy, conducting assurance and risk assessments, model validation, macroeconomic and market assessment, research and advisory. The role holder will drive the effective management and implementation of Credit Risk and establish an effective risk-based system to identify, measure, monitor and report to stakeholders. They will also lead Bank-wide credit risk advisory and establish a credit risk assessment framework.

Key Duties and Responsibilities: 

• Initiate annual review of Bank-wide Policies and Procedures to ensure they conform to policy standards.
• Provide advice to all stakeholders in the Bank with respect to Credit risk management, policies, practices and standards and participate and contribute to their periodic reviews (including credit policy, ESG policy, SAM policy etc.).
• Participate and contribute to the periodic review of credit risk committee governance structures.
• Monitor the activities of the credit department and all other departments within the credit life cycle to ensure that decisions and transactions undertaken do not breach set risk appetite and policies thereby ensuring that they are compliant with restrictions laid down by the Board & FIA.
• Serve as a subject matter expert for analyzing and measuring Credit risk related to projects including working as liaison between lines of business to analyze performance qualitatively and/or quantitatively, detecting problems and/or deviations, and recommend actions to mitigate losses and improve performance and profitability.
• Continuously review the lending process and develop Credit risk control enhancements to ensure that any known credit risks are controlled within acceptable risk appetite.
• Lead bank wide credit risk advisory through training workshops for all relevant colleagues and regularly conduct lessons learnt sessions to learn from experience and minimize repeat findings from assurance and audit reviews
• Responsible for review and analysis of the Key Credit Risk Performance Indicators and perform monthly trend analysis.
• Review the Bank’s credit analytics to enhance the accuracy of the predictive models and model risk to mitigate losses because of errors.
• Participate in conducting of periodic stress tests and scenario analysis, assessing the impact of the Bank’s credit portfolio and make appropriate recommendations to senior management for action by providing guidance on Credit risk drivers.
• Support in the review, understanding and management of cybersecurity to mitigate losses.
• Develop and regularly enhance a credit risk validation framework including validation guidelines, policies, and processes.
• Review the validation of model methodology, assumptions and formulae including loss forecasting, allowance for portfolio losses, capital allocation, credit scoring, risk grading, pricing, stress testing, Value at Risk etc.
• Constantly monitor improvements to models and model governance for accuracy and to mitigate losses to the Bank.
• Review and validate the actual statistics used by the models for accuracy.
• Validate the methodology used to establish counterparty (financial institutions) credit limits including money market lines, foreign exchange limits and derivative limits.
• Participate in the digitization of core processes and other processes to simplify, standardize, and automate to reduce non-financial risk and increase efficiency—in particular, Credit risk-related processes.
• Work with other members of the risk team to integrate credit risk into the overall enterprise risk framework, considering correlations and interdependencies.
• Provide oversight and direction to the employees within the Credit Risk unit in accordance with the Bank’s policies and procedures. Coach, mentor and develop new staff including overseeing and onboarding new employees and providing career development planning and opportunities.

Qualifications, Skills and Experience:

• The applicant must be a University degree holder in Economics, Statistics, Accountancy, Business Administration, Finance or related discipline.
• Master’s degree in relevant field is an added advantage.
• Professional qualification in Credit risk management.
• Eight years of banking or related work experience in Credit, Risk Management, Corporate lending, policy, credit analysis, credit approval or Internal audit.
• Knowledge of data analysis, data modelling and validation tools.
• Proficient PC skills with experience in Microsoft Office and Outlook, PowerPoint, and others.
• Strong Managerial and leadership skills.
• Excellent oral, written, and interpersonal skills; strong ability to work with all levels of management within the company.
• Familiarity with the financial regulatory system, business, economic and legal framework related to lending business in country.
• Thorough statistical analysis of underlying data requiring regression and time series analyses. Understanding of risk factors that impact the credit quality of portfolios.
• Strong understanding of quantitative credit risk modeling (e.g., PDs, LGDs, EADs, vintage analysis, migration matrices), and good understanding of portfolio credit metrics such as limits, expected and unexpected loss, capital allocation.
• Stay abreast of industry best practices, procedures, and techniques.
• Strong attention to detail and personal effectiveness to drive accuracy.
• Decisive with ability to give independent opinions.
• High-level of integrity and standards.
• Self-drive and initiative.
• Customer dedication and community immersion.
• Relationship Building.
• Team Player.
• Creative Initiative.
• Unafraid to take responsibility, partner with the business whilst retaining independence to provide challenge to the business.
• Ability to work well under pressure and comfortably engage senior management.

How to Apply:

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O & A level) to the email address indicated below:

Vacanciesbank@dfcugroup.com

NB: DFCU Bank is committed to give equal opportunities in employment and aims to ensure that it does not discriminate against gender or race. Only short-listed candidates will be contacted through +256 312 300469

Deadline: 28^th October 2021

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