Summary
Date Posted: Thursday, September 05 2024, Base Salary: Not Disclosed

JOB DETAILS:
Reporting to the Chief Executive Officer, the Head Credit is responsible for developing, implementing, and overseeing the Bank’s credit policies, procedures, and risk management strategies. The ideal candidate will have a deep understanding of commercial lending, credit risk assessment, and regulatory requirements, combined with strong leadership and strategic thinking abilities.

Key Accountabilities
Credit Risk Management:
• Update and implement comprehensive credit risk policies and procedures.
• Ensure the Bank’s credit portfolio is effectively managed, minimizing potential losses while maximizing profitability.
• Conduct regular reviews of credit processes to ensure compliance with regulatory standards and internal policies.
• Oversee the credit risk assessment process, including loan approvals, underwriting standards, and credit analysis.
• Oversee Credit Monitoring processes and procedures. Oversee credit recoveries, including review of past due accounts, referring legal matters, review debt collectors reports and credit write-offs.
Leadership and Team Management:
• Lead, mentor, and develop a high-performing credit risk team.
• Foster a culture of collaboration, integrity, and account- ability within the department.
• Provide ongoing training and development opportunities for team members to enhance their skills and knowl- edge.
Portfolio Management:
• Monitor and manage the Bank’s credit portfolio to ensure it aligns with risk appetite and regulatory require- ments.
• Conduct stress testing and scenario analysis to assess potential vulnerabilities in the credit portfolio.
• Develop strategies to manage and mitigate portfolio risks, including sectoral exposure and concentration risks.
Regulatory Compliance:
• Ensure compliance with all relevant regulatory require- ments and internal credit policies.
• Liaise with regulatory bodies, auditors, and other stakeholders on credit risk matters.
• Stay updated on changes in regulatory frameworks and industry best practices.
Strategic Planning:
• Collaborate with senior management to develop and execute the Bank’s strategic plan with a focus on credit growth, profitability, and risk management.
• Identify new market opportunities and assess their credit risk implications.
• Provide insights and recommendations to the executive team on credit risk trends and emerging issues.
Reporting and Analysis:
• Prepare and present regular reports on credit risk metrics, portfolio performance, and key risk indicators to senior management, Bank of Zambia and the Board of Directors.
• Analyse credit data and market trends to support informed decision-making.
• IFRS 9 reporting

Minimum Requirements
Academic Qualifications:
• Grade 12 School Certificate or GCE equivalent
• Bachelor’s degree in economics, Business Administration, or degree in any relevant field.
• Master’s Degree will be an added advantage.
Professional qualifications:
• ACCA, CIMA, ZICA will be an added advantage. Moody’s Credit Course will be an added advantage.
Desired Work Experience:
• Minimum of Ten (10) years in credit risk management within the banking industry, with at least 5 years in a leadership role.
• In-depth knowledge of banking and business operations Excellent communication skills and the ability to interact with senior management, customers, regulators, etc.

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Bachelor Degree

Job application procedure
Interested in applying for this job? Click here to submit your application now.
• Only candidates who meet the above job specifications should apply by enclosing their detailed CVs, photocopies of their academic/professional qualifications and any other relevant documentation in support of their application. Daytime and reachable telephone and/or mobile numbers should be clearly stated.
• Kindly note that only shortlisted candidates will be contacted. Applications should reach the undersigned before close of business on Friday 13th September 2024.
• Head-Human Capital
Zambia Industrial Commercial Bank Limited
5th Floor Longacres Mall-Office Block Stand No 27395, Alick Nkhata Road Mass Media
PO Box 30228
Lusaka

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