Bank Jobs Tanzania 2017

Chief Manager Credit Risk

Description

TPB Bank PLC seeks to appoint dedicated, self-motivated and highly organized Chief Manager Credit Risk (1 position) to join the Risk Management and Compliance team.

POSITION OBJECTIVE
-To ensure Bank’s Credit Policy, Processes and Procedures are in line, and remain in line with business and Board of Directors risk appetite and fully implemented and adhered to by all incumbents.
-Maintain quality of Loan Portfolios.
-Ensure maximum collections and recovery of all High Risk accounts and write- offs.
-Manage Collection and Recovery Teams

KEY RESPONSIBILITIES
-Ensure a coherent and effective lending strategy is developed and implemented through the Credit stakeholders and by participating in Credit meetings.
-Ensure an effective credit limit strategy is developed and implemented to address concentration risks across portfolios.
-Manage collection and legal recoveries unit with the assistance of Directorate of Legal Services, Branches and other stakeholders including External Debt Collectors in order to maintain good quality of loan portfolio.
-Align customer recruitment campaign activity with stated risk appetite by checking with different stakeholders to track whether the loans being given are in line with the Bank’s Credit Policy and where there is a change in business or the market, ensure the risk appetite is controlled by working with different Business Heads.
-Take proactive risk management actions so that the quality of the credit portfolio does not deteriorate. For example when a financial crisis is evident, communicate the risk of lending to Transport and Tourism sectors that will be affected and hence won’t be in a good financial position to repay loans.
-Implement effective and efficient recovery actions on all high risk and non- performing accounts.
-Ensure provisioning of accounts is done in line with the Credit Policy.
-Develop a robust Stress Testing framework in line with Bank’s Strategic Plan
-Ensure an appropriate write-off and charge-off strategy in line with Bank of Tanzania Regulations and Credit Policies using the appropriate rates and checking financial impacts through monitoring the impacts with all key stakeholders in the credit value chain.
-Develop an appropriate credit infrastructure to support business requirements.
-Measure turnaround times, approval rates and decline rates on a monthly basis to ensure adherence to Credit Policies and follow-up the areas of concern.
-Measure and report on the monthly delinquency constructs vintages and roll rates for each credit portfolio.
-Ensure that the assessment and approval process on new and existing clients comply with the requirements as per Credit Policy.
-Offer coaching where identified to all direct reports and to other Credit staff depending on the nature of the situation.
-Ensure all decisions on credit products are done by the appropriate mandate holder within approved policies.
-Perform annual review on the credit policies and obtain Board of Directors approval.
-Ensure Bank of Tanzania (BOT) is informed on all updates on the Credit Policies through sending to them completed reports and letters.
-Compile the needed monthly and quarterly credit reports for Credit Portfolio Review Committee and TPB Board of Directors.
-Submit the Board Packs on due dates as set by the secretary to the Board.
-Provide credit risk inputs to the annual Business Plan (MTP, STP and strategic plan).
-Set the Target Market Criteria, Risk Appetite and Mandate & Scale limits in conjunction with Credit at least once a year or when required by market conditions.
-Mitigate, implement and embed controls and actions to close all audit findings related to Credit Risk timely and ensure this is done within the allowed timeframe.
-Perform and improve the required management reporting on all credit matters.
-Ensure quality and reliability of all data used in reports by doing a sanity check on all credit reports.
-Work with risk team to achieve excellent business results through continuous people development and mentoring activities.
-Ensure the development of a high performing Credit Risk team through embedding formal Performance Development and informal coaching of the Credit Management team on how to conduct meaningful Performance Development discussions with their direct reports and ensure that they conduct the process effectively.
-Determine and analyse training and development needs for managers and ensure they do the same for their teams.
-Ensure that identified training is budgeted for and executed.
-Establish and maintain a succession plan for the management team in the area using the formal Talent Management process for identified talent and an informal process for remaining roles.
-With the support from HR, interview and recruit direct reports and provide support to them during the recruitment of their teams on request.
-Ensure that managers create effective workforce plans and recruitment demand plans for their areas.
-Agree targets and take accountability for the overall achievement of performance objectives in the business area in terms of employee satisfaction, customer experience,    cost performance,    return    on investments, risk, compliance and governance requirements.
-Provide clear direction to team members on the credit risk strategic plan and key focus areas and ensure their understanding and buy-in.
-Analyse effectiveness of processes and systems in use in the department and make recommendations for improvements.
-Benchmark productivity of the department against industry standards and create measures to improve productivity.
-Set key performance indicators (KPIs) for all direct reports and review them on semi-annually and annually.
-Any other duty that you can be assigned by your superior.

EXPERIENCE AND KNOWLEDGE REQUIRED
Education: Bachelor degree/Advance diploma in Banking, Economics, commerce,
Business Administration, Finance or Accounting from any recognized
University or equivalent.

Experience:   
At least 3 years working experience in leading credit team
   
Apply for this job
Applicants are invited to submit their resume (indicating the position title in the subject heading) via e-mail to: recruitment@tpbbank.co.tz .

Applications via other methods will not be considered. Applicants need to submit only the Curriculum Vitae (CV) and the letter of applications starting the job advertised and the location. Other credentials will have to be submitted during the interview for authentic check and other administrative measures and should not in any way be attached during application.

DEADLINE IS 2017-09-12

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