Job Description:

The credit quality assurance process is expected to provide transparency and assurance on how effectively credit risks are being managed, including conducting of monitoring and evaluation procedures provided for under the RMPPs, formulating and implementing corrective action plans, and to provide an early warning indicator, bringing to management’s attention any notable adverse credit developments, thus allowing for timely remedial action to be taken by the be responsible for the direct delivery of a robust Credit Quality Assurance Unit (CQAU) or other departments as the case may be.

Responsibilities:

• Strategy Development and Business Planning
  • Lead the formulation, development and implementation of the CQA Unit strategy in support of the Bank’s goals and in response to emerging credit risk trends.
  • Develop, implement and monitor the Unit’s business plans, KPIs, budgets and objectives; provide regular management reports that include insight, analysis, forecasting and comment on Unit performance and achievements.
  • Identify opportunities and champion initiatives that enable the Unit to increase its impact, encouraging team members to fully contribute.
  • Coordinate and interface with other Departments in order to obtain buy-in to the credit quality assurance approach and implementation of the strategy.

• Credit Quality Monitoring
  • Perform scheduled and event triggered credit quality monitoring activities, including site visits, on specific credit facilities and the credit environment including assessment and monitoring of the following:
    • Adherence to credit policies, procedures, methodologies, approach and systems used in credit risk management and recommend/monitor implementation of corrective actions as considered appropriate.
    • Adherence to credit covenants, undertakings and other terms and conditions of a credit facility.
    • Adherence to margining requirements for security (collateral) held to ensure security values do not fall below set thresholds and call for security enhancement or top-up as necessary.
    • Financial and operational performance of the borrower (s).
    • Impact of trigger-events and other emerging credit problem areas.
    • Country, industry and sector risk developments.

• Credit Portfolio Review
  • Perform scheduled and event triggered credit portfolio reviews on the credit portfolio. The reviews shall cover at the minimum:
    • Asset quality reviews – appraisal of the conduct and profitability of individual credit facility; risk grade review; analysis of the borrower’s financial statements and other qualitative attributes.
    • Credit approval process review – examining the approval process credit facility went through, including pre-assessment, credit approval, disbursement, and credit administration.
    • Administrative and documentation review – verifying the existence and adequacy of the documents associated with credit facility files, including completeness of credit grading and accuracy of loan grades assigned by credit officers.
    • Collateral (security) review – physical check of all security and loan documents, confirmation of registration status, assessment of the value and enforceability of collateral.
    • Compliance review – compliance with internal policies and procedures including mandate requirements, adherence to loan covenants.
  • Reporting
    • Champion deployment of robust credit quality assurance monitoring and reporting tools including MIS, dashboard reporting, integrated credit risk monitoring at portfolio level, etc.
    • Submit accurate and timely reports on a monthly, quarterly, half-yearly and annual basis to Management, RISTRAC, EXMAF and relevant Board committees, highlighting performance against defined credit quality parameters.

• Relationship management
  • Develop and maintain effective internal and external relationships through individual contacts and Bank facilitated forums.
  • Represent the CQA Unit in internal and external meetings and committees.
  • Maintain high level relationship with rating agencies to understand and implement compliance requirements in order to maintain high rating for the Bank.
  • Maintain high level relationship with industry associations and CQA heads of peer organizations to enhance capacity building and benchmarking of best-practices, executing joint projects to address shared risks and concerns, developing outlines of new methodologies and frameworks, etc.

• Governance and People Management
  • Provide inspirational leadership for the CQA Unit, and communicate clear performance expectations.
  • Manage the performance and resources of the CQA Unit through delegation of responsibility, setting stretch objectives and providing regular feedback on results, promptly addressing areas of underperformance.
  • Monitor and assess the skills and capabilities of the Unit, and determine the actions needed to increase the Unit’s impact or to resolve capability gaps.
  • Coach, mentor and develop subordinates, including implementing training plans, and adequate succession plans.
  • Any other duties as may be assigned by Senior Management.

Requirements: Qualification and Skill

• Postgraduate degree in Commerce, Banking, Finance, Accounting, Economics, or Risk Management. A professional qualification in a relevant area such as banking, risk management or accounting may be accepted in lieu of a post graduate degree.
• At least 12 years banking experience, specifically covering credit risk management, country and sector risk analysis, structured and project finance.
• Understanding of credit risk and country risk management processes and methodologies.
• Understanding of credit risk mitigations and financing mechanisms including structured trade finance, project finance, and syndications.
• Knowledge of Africa and its banking industry.
• Broad knowledge of applicable statutes, laws and regulations that govern banking and lending activities in different parts of Africa.
• Understanding of the Bank’s systems, policies, procedures and practices.
• Good written and oral communication skills.
• Competency in MS suite (Word, Excel, PPT).
• Ability to work under pressure.
• Good leadership and people skills.
• Previous management experience.

Contractual information:

• Permanent
• Willing and able to relocate to Cairo
• Suitably qualified candidates from all African nationalities are encouraged to apply
• Tax-free salaries paid in USD

If you wish to apply for the position please send your CV to Pandora Buchanan at pandora@caglobalint.com.

Please visit www.banking-recruitment-jobs.com or www.ca-finance.com for more exciting opportunities.

For any further information please get in contact with:

Pandora Buchanan

pandora@caglobalint.com

Senior Associate Executive Search

CA Global Finance

If you have not had any response in two weeks, please consider your application unsuccessful however your CV will be kept on our database for any other suitable positions.

Reference : PDF 3402

Location : Cairo, Egypt