Kenya Industrial Estates is a Micro, Small and Medium Enterprises established in 1967 with the mandate of promoting industrialization through indigenous enterprise development in the country. The company plans to fill the following positions with a view to effectively discharge on its mandate:-
Direct Reports to:- Managing Director
Job Purpose:-
- This is a position responsible for the overall leadership of the Risk Management Function and successful attainment of a healthy loan portfolio through risk mitigation.
- To promote and sustain a culture of risk management discipline within the institution;
- To represent the risk and assurance function to the Board and ensure that there are effective standards and internal controls, policies and procedures, systems and a risk management framework that supports business sustainability and continuity as well as ensuring compliance with various regulatory standards;
- To anticipate and proactively ensure management of all potential risks, including credit, operations, information security, regulatory compliance and reputation risks and to initiate actions to pre-empt systemic risks
Credit / Risk Management Manager Job Responsibilities
- Spearhead and direct the Risk department team into identification and retaining the appropriate risk management discipline while supporting growth aspirations to achieve strategic goals of the company;
- Administer appraise all new investment and ensure that every approved project is technically feasible and economically viable;
- Ensure that Risk Management Framework is adopted and effectively applied across all departments of the institution;
- Implement the Credit Risk Management Policy and ensure that the risk management governance structures are fully functional;
- Identify credit risks in the business, monitor the actual level of credit risk on a regular basis and play a preventative role in risk control;
- Embed a culture of consciousness and transparency for risk management and ensure that the nature and size of risks are well understood by all staff;
- Manage risk on a day to day basis which includes monitoring and reporting. This should include measures and procedures for:- understanding key processes, risk identification, risk analysis and assessment responding to risks identified and assessed adequate information and communication and monitoring of risk management activities;
- Ensure issuance of quarterly statements/invoices. This shall automatically trigger status of an account;
- Initiate and oversee debt clearance and issuance of certificates upon completion of the loan and thereafter release of securities;
- Ensure remedial action is taken appropriately on non-performing loans, rents and mortgages through rescheduling, rehabilitation, write off, negotiation, legal action on Category D and E, repossession and disposal of securities;
- Initiate special task force on debt recovery upon approval by the CEO.
- Embed operational risk practices into business activities and support it with appropriate training and awareness;
- Manage the daily administration for loan documentation in full compliance with the internal standards and external regulatory requirements;
- Conduct periodical review on loan administration procedures to streamline workflow
- Generate, review and maintain loan disbursement reports for presentation to credit committees, and provide monthly reports on the same, in accordance to the credit policy and guidelines;
- Ensure post disbursement compliance with approved terms and conditions, assignment of rights, review expiry of credits, progress on payment, insurance etc.
- Review daily credit monitoring and management reports and identify non-performing loans with anomalies and proactively follow-up to ensure corrective action taken in line with credit policy;
- Monitor all irregularities, past dues, documentation deficiencies and report to senior management;
- Advise on risk issues and prepare reports for the Board to assist in decision making.
Requirements for the Credit / Risk Management Manager Job
- Degree in any Business related fields i.e. (Finance, Banking & Accounting);
- Professional qualifications in Credit Management, CPA (K) or ACCA;
- A minimum of Seven (7) years of experience in Credit Risk function with five (5) years in a management role and shown merit and ability as reflected in his/her work performance and results;
- A good understanding of business lending products from any financial Industry;
- An understanding of an enterprise wide Risk Management Framework
- Exposure to demanding operational environments, ability to gain insight into the most effective risk management applications and key points for
- Measurement of market risks facing the institution
- Gathering data for use in review of MRM Policies by monitoring reports
- Performance of administrative duties
- a) Monitoring of the loans and ensuring the PAR is within the acceptable company’s rates;
Details relating to each vacancy are available on the KIE Website (www.kie.co.ke)
The post Kenya Industrial Estates Ltd Job Vacancy : Credit Risk Manager appeared first on Jobs in Kenya - http://jobwebkenya.com/.
The post Kenya Industrial Estates Ltd Job Vacancy : Credit Risk Manager is republished from Jobs – Jobs in Kenya – http://jobwebkenya.com/
