Manager, Credit Monitoring & Control

Job Purpose:

• The purpose of the job is execution of the Bank’s growth strategy in terms of Assets growth by monitoring sanctioned facilities to ensure sustenance of high-quality portfolio and compliance with sanction terms and conditions and other approval covenants.
• The role holder will support Head of Credit Monitoring, Reporting and Security Documentation in driving end to end monitoring activities within the department, coordinating Credit monitoring operations and ensuring maintenance of quality Assets and compliance with credit policy and CBK prudential guidelines.

Key responsibilities:

• Review and ensure compliance of the sanctioned financial and non- financial covenants on credit facilities granted by the bank to customers to confirm compliance and ensure there are no breaches.
• Follow up of insurance policy renewals and ensure that insurance covers are done in a timely manner to ensure that bank securities are adequately insured and avoid exposing the bank to credit risks.
• Ensure monitoring of up-to-date property valuations, Land rates & rent against securities pledged on customer facilities to ensure Bank securities are adequately valued.
• Review and coordinate review of the collateral value information in the facility letters of offer and confirmation of held security coverage for collateral risk mitigation, monitoring, early warning signs identification and escalation to the relevant stakeholders.
• Monitoring of deferred securities and policy exceptions sanctioned to through consistent follow up and ensuring they are complied with within the set timelines.
• Review disbursed facilities to ensure accuracy of the booking and compliance with approval terms and conditions and adherence to approval covenants.
• Reviewing performance of all the performing accounts from time to time to ascertain their health, identify any early warning signs for effective and timely remedial action to ensure sustenance of a healthy portfolio.
• Prepare and coordinate preparation of monitoring Portfolio Review Reports to CRMC/BCC and during portfolio meetings for all the business segments. 
• Review collections comments from time to time and intervene on sensitive accounts in terms of exposure or progression of Days Past Due.
• Maintain good coordination between the Credit Monitoring and other units, credit analysis, credit collections, DRU and business development.
• Identifying where there are breaches of policy and putting in place controls and mitigation strategies.
• Review of the entire portfolio with an emphasis on the following for day-to-day monitoring purposes: arrears amount and days of borrowers, excess on limits, expired and expiring limits, follow-up on restructured loans which are to be kept under cooling period in observation of CBK regulation.
• Follow up with the business units if the annual reviews for loans are being done and share the upcoming reviews and status of facility reviews reports.
• Perform portfolio risk management by continuous follow-up of sectoral concentrations, Single Obligor Limits, and other limit thresholds as outline in the Risk appetite document.
• Ensure the analysis and reporting of Overdrawn accounts reports are carried out.
• Proactively supporting any Bank project relating to credit monitoring aspects.
• Review and recommend modifications in the credit monitoring guidelines and Procedure manuals to support the Bank where new processes are identified or processes modified.
• Handling of various audits including external and internal.

Knowledge, Skills and Experience required:

• Comprehensive banking background and extensive experience in credit monitoring and loan portfolio management.
• Bachelor’s degree in a business management discipline in either; finance, business and economics or related field.
• A professional qualification in CPA/ ACCA/ AKIB or equivalent.
• Excellent Communication skills.

Competencies required for this role:

• Excellent communication and interpersonal skills.
• Excellent time management skills.
• Demonstrated strong organizational skills and ability to prioritize work.
• Excellent numeric skills, evaluation, and data analytics skills.
• Microsoft Proficiency- Advanced Knowledge in MS Excel (e.g., v-lookups, pivots), Strong Power Point and Outlook skills.
• Good Planning, attention to detail and result oriented.
• Self-motivated with ability to handle a large and varied workload simultaneously, to multitask, and to work independently with minimal supervision.
• Report Writing Skills.
• Good Presentation skill with ability to make presentation both physically and virtually.
• Exposure to Project management and Testing of Systems/Software in UAT Environment.
• Progressive thinker with the ability to easily adapt to change.