Job Description
Job Purpose:
To offer leadership in the overall management of the Group Non-Performing Credits, formulate/identify, review and implement policies, strategies/action plans to recover/restructure or restore to performance non-performing loans and provide advice to avoid such situations arising in future.
Undertake overall management of the Group Non-Performing Advances, formulate/identify, review and implement policies, strategies/action plans to recover/restructure or restore to performance non-performing loans and provide advice to avoid such situations arising in future
Key Responsibilities:
• Monitor and control Pre-90 days Retail Credit Portfolio throughout the regions to ensure that asset quality is maintained and improved (PAR & Migration) to within acceptable standards.
• Overall management of non-performing debts to prevent deterioration and improve the bank’s lending asset quality.
• Control specific provisions within budget and ensure adequate levels of provisioning on all accounts in accordance with the laid down credit policies.
• Managing recovery costs within budgets.
• Compliance with the bank’s Credit/NPL Policies and CBK Prudential Guidelines on loan classification and provisioning.
• Timely submission of NPL returns to the Group Board and CBK.
• Formulation of exposure/recovery strategies, action plans and supervising implementation for expedited closure.
• Reduce non-performing credit through aggressive recoveries and viable restructuring thus contributing to the Group bottom line through provisions claw backs.
• Participation in partnership engagement meetings/forums.
• Oversight and support to subsidiaries in the management of the non-performing debts.
Job Requirements:
• Degree from a University recognized by CUE. MBA degree will be an added advantage
• Professional qualification in CPAK/ACCA/ ACIB / AKIB will be an added advantage.
• Minimum of 10 years of wide-ranging bank experience, having a minimum of 4 years’ Senior management level experience in Credit Administration, Credit Analysis, Debt Recovery and Lending related roles.
• At least 4 years’ experience in Managing large teams.
• Proven experience engaging with Banking Regulator, with demonstrated sound understanding of the regulatory environment including CBK Prudential Guidelines
• Demonstrable understanding of Business fundamentals and the financial services industry.
• Must have awareness of current business trends, risks, challenges and opportunities
The above position is a demanding role for which the Bank will provide a competitive remuneration package to the successful candidate. If you believe you can clearly demonstrate your abilities to meet the criteria given above, please log in to our Recruitment Portal and submit your application with a detailed CV.
To be considered your application must be received by Wednesday, 9th February 2022.
Qualified candidates with disability are encouraged to apply.
Only shortlisted candidates will be contacted.