Credit Manager

Job Details

Description

Job Description:

The Credit Manager will be responsible for managing the bank's credit portfolio by assessing and approving credit applications, mitigating risk, ensuring compliance with regulatory requirements, and adhering to sound credit policies. This role will have in-depth knowledge of credit risk assessment, financial products, and strong analytical abilities to manage the bank's credit operations and to guide staff effectively.

Main Job Tasks And Responsibilities

• Oversee staff conducting thorough assessments of loan applications, including individuals, businesses, and corporate clients, by analyzing financial statements, credit reports, and other relevant documentation to determine creditworthiness.
• Approve or recommend approval of loans, credit lines, and other credit facilities within established limits. Structure credit products tailored to customer needs while balancing risk and profitability.
• Oversee and manage the credit portfolio to ensure that the bank maintains a diversified and healthy risk exposure. Monitor and report on the performance of loans, ensuring compliance with agreed terms and conditions, as well as timely accurate risk ratings on borrowers.
• Develop and implement strategies to minimize credit risk and potential defaults by ensuring sound credit policies are followed. Work with other departments to manage the risk profile of the bank’s credit exposure.
• Ensure effective collections processes are in place, including timely follow-up on overdue accounts. Coordinate with collections teams to resolve problem loans, renegotiate terms, and ensure recovery.
• Develop, implement, and review credit policies and procedures in accordance with regulatory requirements and best practices. Ensure compliance with internal and external credit risk regulations, including regulatory bodies such as the central bank.
• Provide leadership in credit decision-making, ensuring timely and accurate decisions on credit applications. Serve as the point of escalation for complex credit decisions and disputes.
• Lead, mentor, and support the credit risk team, ensuring they are adequately trained and equipped to evaluate and manage credit risk. Foster a culture of high performance and continuous improvement within the team.
• Prepare and present detailed credit risk reports and analyses to senior management, highlighting key risk areas and making recommendations for mitigating strategies.
• Collaborate with relationship managers and business development teams to understand customer needs, assess credit risk, and help structure credit solutions that align with the bank’s objectives.
  
  

Education & Experience

• Bachelor’s degree in Finance, Business Administration, Economics, or a related field.
• Minimum of 5 years of experience in credit management, credit risk, or a similar role in banking or financial services.
• Strong understanding of banking products, credit risk assessment methodologies, and financial analysis techniques.
• In-depth knowledge of regulatory requirements governing credit operations in the banking sector.
• Experience in managing a credit portfolio and mitigating credit risks.
  
  

Key Competencies

• Excellent verbal and written communication skills with internal/external constituents.
• Demonstrated analytical, decision making, problem solving, and critical/strategic skills.
• Familiarity with credit policies, business and contract law, and regulations relating to commercial lending.
• Personal confidence.
• Demonstrated ability to negotiate on behalf of the Bank while appropriately balancing risk and shareholder value.
• Ability to work in a team environment and demonstrate flexibility as business dictates.
• Ability and willingness to investigate resolve and recommend process improvement opportunities.