Senior Manager; Credit Administration – Monitoring (1 Position(s))

Job Location :Head Office

Job Purpose:Responsible for overseeing all aspects of credit monitoring ensuring the effective management and mitigation of credit risk, thereby safeguarding the financial interests of the Bank.
Main Responsibilities:
Proactively manage the loan portfolio and improve the quality of the book by growing in acceptable sectors/client segments with top quartile names, acceptable credit grade and risk/reward profile in line with business strategy.
Ensure that all the conditions subsequent of business are adhered to as per the credit approval. Timely payment of Land rent on properties held as security, timely renewal of insurance covers to safeguard banks’ collaterals.
Will work closely with various departments, including Credit Risk Department, Legal Department and all the business segments to develop and implement strategies for monitoring credit exposure and identifying potential risks.
Assist the Head; Credit Administration in the preparation of Credit Policy, Credit Manual, and all departmental procedures and processes, ensuring alignment with regulatory requirements and industry best practices.
Supervise a team comprising manager, senior officers, and officers within the credit administration, ensuring effective performance management, professional development, and adherence to departmental goals and objectives.
Ensure timely review and renewal of credit facilities to avoid extensions.
Monitor and identify signs of deterioration on individual names with a view to commence early remedial management of these accounts and thereby minimize loan losses thus directly contributing to bottom line.
Ensure that records for the paid off loans are properly maintained, and the securities are delivered to legitimate owners in a timely manner.
Conduct ongoing analysis of credit portfolios to assess credit quality, identify trends, and evaluate potential risks.
Monitor key credit risk indicators and metrics, such as credit ratings, loan-to-value ratios, and debt service coverage ratios, to proactively identify areas of concern.
Ensure all the credit committees (watchlist forum, watchlist and SAM committee, retail credit committee, wholesale credit committee, Loan Portfolio Quality Committee and IFRS 9 committee) are conducted as per the terms of reference. This involves agenda development, compiling all the documents, minutes taking, follow up on action items, communication with all stakeholders, record keeping etc.
Ensure Turn-Around-Times (TATs) are as per the agreed Service Level Agreements (SLAs) for all the tasks under Credit Administration unit.
Ensure policy breaches/ exemptions, if any, are properly authorized at the correct level and tracked for closure.

Manage all issues related to Human capital of the Department. This involves mid-year and yearly performance evaluation as well as any other human capital related matters.
Ensure Collateral Management Arrangement and Warehousing Financing (CMA/WRHF) and collaterals are visited as per the Credit Policy.
Ensure Collateral Management Tool for collateral documents (insurance, valuation, title deeds and land rents) are maintained timely and accurately.
Participate fully in various departmental projects.
Ensure all queries and enquiries are closed on a timely basis.
Develop and maintain reporting mechanisms to communicate credit risk exposures, trends, and findings to senior management and relevant stakeholders.
Perform any other duties as may be assigned by the CCO and Head of Credit Administration.

Knowledge and Skills:
Strong understanding of credit risk principles
Understanding of BOT regulations, Credit Policies, Overall knowledge in Credit.
Credit Administration and Credit Monitoring skills.
Excellent analytical skills, with the ability to interpret complex financial data and make informed decisions.
Proactiveness, Attention to detail, effective communication, and interpersonal skills, with the ability to communicate effectively with stakeholders, detail-oriented mindset with a focus on accuracy and precision, ability to thrive in a collaborative team environment and adapt to changing priorities.

Qualifications and Experience:

Bachelor’s degree in Finance, Accounting, Business Administration or a related field.
Master’s degree or professional certification is an added advantage.
Minimum of 5 years of experience in credit risk management, credit administration, credit monitoring, credit analysis, or related roles within the financial services industry; 3 years of it being in a Managerial role.
NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.

NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.

Only shortlisted candidates will be contacted.