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Job Title: Head of Corporate Credit

Organisation: DFCU Bank

Duty Station:  Kampala, Uganda

Reports to: The Chief Executive Officer (CEO)

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: Reporting to the Chief Executive Officer, the role holder will be responsible for reviewing and approving Corporate Banking credit facilities in order to grow the portfolio and generate profits, and in collaboration with other stakeholders manage credit risk and maintain a high portfolio quality.

He/she is also the Principal Advisor on the overall credit management and sustainable growth of the Corporate loan portfolio.

Key Duties and Responsibilities:

• Review and approve Corporate credit facilities within delegated authority and maintain a good balance between returns and risk exposure.
• Evaluate and provide guidance to business in order to structure Corporate credit facilities within approved limits and within the set turnaround time.
• To book quality deals priced to cover all embedded costs under the risk reward trade-off in order to achieve the Bank’s disbursement target and grow a quality portfolio.
• Occasionally visit clients to understand client’s business model and requirements and accordingly advise appropriate financing solutions.
• Provide advice to business units in structuring Corporate credit / loan transactions and ensure that credit proposals are complete and accurate and covers all significant factors for credit decision making.
• Review and recommend Corporate credit applications above delegated authority to Internal Credit Committee and Board Credit Committee.
• Responsible for maintaining the asset quality of the designated portfolio through interim reviews, annual reviews and an ongoing monitoring and control and escalation of issues as may be necessary through proactively manage the bank’s loans and advances’ portfolio to ensure optimal performance of facilities and minimize loss to the Bank.
• Serve as a second line of defence and escalate any breaches of procedures, credit risk excesses and past dues and related matters to the business and other stakeholders.
• Evaluate and implement appropriate remedial strategies such as restructuring of loan facilities.
• Comply with all internal credit policies and Central Bank guidelines and regulations, as per the Financial Institutions Act 2004. Adherence to Credit Reference Bureau, Anti Money Laundering and KYC and other reporting requirements as well as full implementation of IFRS standards, and all other relevant statutory requirements. Failure of which, the Bank can incur losses as a result of penalties.
• Provide relevant Corporate Credit Terms and Conditions to be laid down in the credit agreements to protect the Bank’s interest.
• Monitor individual credits inclusive of Off-Balance sheet exposures as well as overall credit portfolio of the Bank to ascertain:
• Whether loans are being serviced as per facility terms.
• The adequacy of provisions.
• The overall risk profile is within acceptable limits.
• Take remedial measures as and when any deterioration occurs.
• Ensure adherence to pre and post disbursement conditions for approved facilities.
• Monitor portfolio diversification in accordance with policy guidance, risk appetite and strategic plan.
• Provide key participation and leadership in Management governance forums where asset quality issues discussed, and remedial strategies formulated – examples including the High Care/Watchlist Committee and Credit Portfolio Committees.
• Review and update the Bank’s Corporate credit policies and procedures as applicable to meet regulatory and risk environment changes and Bank’s risk appetite in liaison with other stakeholders.
• Ensure ESG compliance as part of the credit appraisal process.
• Support and drive initiatives tied to credit enhancement process.
• Develop systems to monitor the quality of the loan portfolio in line with the credit policy and standards.
• Prepare annual budget and budget forecast and monitor monthly performance of the business unit with respect to the forecast budget and take appropriate actions.
• Review the portfolio evaluations and studies on the industry and environment to gain understanding on the resilience of the loan portfolio and provide advice to minimize future losses.
• Provide strong leadership to the Corporate credit function – manage and develop skills, professionalism, and careers of the Corporate credit team plus support to the Corporate credit analysis and corporate relationship management teams.
• Identify and highlight exceptions against the Bank’s lending policy / standard terms and conditions being offered to Corporate credit applicants.
• Adherence to margining requirements for security (collateral) held to ensure values do not fall below set thresholds and call for security enhancement or top-up as necessary.
• Effectively dealing with customer queries over a range of credit matters.
• Preparation and updating checklists for Corporate credit process and documentation.
• Participation in the formulation, amendment, and implementation of Corporate credit policy procedures.
• Identify and highlight exceptions against the Bank’s lending policy / standard terms and conditions being offered to Corporate credit applicants.
• Adherence to margining requirements for security (collateral) held to ensure values do not fall below set thresholds and call for security enhancement or top-up as necessary.
• Effectively dealing with customer queries over a range of credit matters.
• Preparation and updating checklists for Corporate credit process and documentation.
• Participation in the formulation, amendment, and implementation of Corporate credit policy procedures.

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Qualifications, Skills and Experience:

• The ideal applicant must hold a University Degree in the areas of Economics, Finance, Accounting, Commerce, Business Administration, or a related field.
• Additional training/professional qualification in Business, Investment, and Project appraisal.
• Credit Certification.
• ACIB or similar professional qualification.
• Master’s Degree in a Business-related course will be an added advantage.
• At least ten years of which 5 have been in a Senior Management role in Credit Approval/Analysis /Risk management functions in a financial institution.
• Previous experience in Corporate Banking/ Corporate Credit will be key.
• Financial risk analysis skills.
• Strategic awareness and strong analytical, problem solving and decision-making skills to understand issues and generate practical solutions.
• Ability to manage and motivate staff towards the strategic goals.
• Effective Leadership and Delegation skills.
• Ability to negotiate and influence.
• Effective management of staff career progression and expectations.
• Ability to multi-task in pressure situations and establish priorities.
• Effect use of Microsoft office (Excel, Word & power Point).
• Effective communication skills (both oral and written.)
• Unquestionable Integrity.
• Proven experience in the identification of risks and controls related to Credit Risk.
• Strong understanding of lending and risk management in respect of Corporates and Commercial business.
• Well-versed in traditional banking and trade products, as well as treasury and more complex solutions, syndications.
• Strong understanding of corporate governance.
• Good understanding of Financial Institutions Act (FIA), AML Act, Income tax Act, IFRS standards and exposure to ESG best practices.
• Strong business acumen.
• Keen understanding of the current trends in terms of digitizing and innovating in the Credit field.

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

Deadline: Wednesday 23rd November 2022

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