Summary
Date Posted: Tuesday, October 27, 2020 , Base Salary: Not Disclosed

JOB DETAILS:
Stanbic Bank Tanzania Limited is a full service commercial bank which specializes in providing facilities and services to public and private sector corporations, diplomatic missions and international organizations.
Stanbic Bank Tanzania is a member of the Standard Bank Group of South Africa and was established in May 1995 when Standard Bank Group acquired Meridian Biao Bank Tanzania Limited.
Job Title: Head of Credit
Report to: Chief Executive
Division: Credit .

Job Purpose:
The incumbent will be responsible to evaluate credit risk profiles and manage the Country Credit Risk portfolio and profile within it's risk appetite and acceptable bank parameters. To interact with other departments with regards to credit strategy.

KEY ACCOUNTABILITIES:
The roles and responsibilities of the incumbent will be as follows:
• Develop and implement the Credit Risk Management Frameworks
• Execute the bank's credit strategy within the country of responsibility.
• Review management information relevant to the credit portfolio and provide input on the bank's credit strategy and provide value-add change initiatives with respect to training, portfolio Management, policies, procedures, processes and products.
• Liaise with other business units i.e Corporate & Investment Banking (CIB), Personal and Business Banking (PBB) to ensure optimal client solutioning at an agreed risk profile
• Take responsibility for providing expert advice to business partners on credit risk, credit assessment and internal control, to ensure an effective annual review of Risk Acceptance Criteria.
• Articulate and establish appropriate Credit Governance for the country.
• Establish an appropriate country credit strategy and enable policies based on the Overall bank strategy to support the business strategy.
• Take responsibility for the retail credit and market risk management performance of the bank, in partnership with the country Chief Executive.
• Review and drive enhancements to the business model for the monitoring and control processes with a view to streamlining or automating processes/procedures.
• Be a part of the new product committee and provide input from a credit point of view.
• Ensure that the various sub-sections are managed effectively and efficiently and that minimum quality standards are maintained.
• Identify and monitor koss experience to suggest preventive measures to Business Partners.
• Take responsibility and accountability for regulatory compliance including monitoring compliance with laws, regulations and supervisory requirements, creating awareness amongst staff of relevant legislation and reporting any breaches and exposures to the CRMC.

Review credit approvals
• Review and approve retail and wholesale credit proposals of the bank and to maintain a good balance between returns and risks exposures.
• Review credit proposals and ensure they are within their mandates.
• Review the credit applications and based on modeling and credit methodologies approve or decline within mandated limits.
• Escalate credit decisions that fall outside of job mandate.
• Chair the in-country Credit Committee.
• Monitor Credit files and refer escalated issues to other credit related forums for solutioning.
• Analyze applications for facilities to assess the appropriateness of the credit risk relative to the business strategy and profitability of the deal.
• Provide effective high-quality analysis, approval and where necessary recommendations to higher authority,
• Ensure legal execution is in line with the credit sanction and that ongoing credit management is in place.
• Ensure management of recoveries
• Engage with receivables and establish an action plan for the recovery of funds should a deal not work out.
• Work with Credit Managers, Relationship Managers to agree on new repayment terms and any new conditions of credit.
• Liaise with receivable managers to reschedule payment of files and find solutions which suits the bank and the creditor. Negotiate the new terms with creditors.

Participate in various forums and committees
• Be actively involved in various Credit Oversight Portfolio Monitoring forums,
• Watchlists and New Product meetings relating to deals and names managed by the core relationship management team.
• Be actively involved in various management forums and committees i.e Country

Risk Management Committee.
• Ensure adequate systems, policies, processes and procedures are in place to monitor; and manage credit risk arising from across geography sector focus.
• Participate in forums around the development of business strategy as appropriate.

Manage a team effectively
• Manage a team to ensure effectively delivery of objectives for the area.
• Develop a high performing team by embedding the bank's performance process, regular performance feedback and coaching.
• Create workforce plans for the area to ensure that current and future requirements are met.

KEY SKILLS, KNOWLEDGE, EXPERIENCE AND PERSONAL SKILL
• Minimum qualification: A graduate or postgraduate qualification Commerce, Economics, Finance and other related fields.
• Business Management: The incumbent must have 7-10 management positions in credit with experience in local ar transactions.
• Loan assessment and approval The incumbent must be able status of a customer or client to determine if they qualify established parameters and criteria.
• Risk Reporting: The incumbent must be able to prepare qual analysis on the risk landscape in the business including interf for use by business users.
• Risk Management: The incumbent must demonstrate knowledge of risk management methodologies, tools, governance structure requirements for good management of risk.
• Financial Statement Analysis: The incumbent must have the balance sheets, income statements, cash flow statements and determine the credit risk of the client.
• Recoveries: The incumbent must have the ability to apply less recovering assets that were put forward as security for loans.
• Credit Granting: The incumbent must have the ability to assist a client to determine if they qualify for a loan based on test and criteria.

Other competencies include:
Interpreting Data; Providing Insight Information; Documenting Facts; Convincing People; Articulation Courageously; Conveying Self-Confidence; Pursuing Goals; an

Job Experience Requirements: Not Specified

Work Hours: 8

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Job application procedure
Applications to be sent to: stephen.kisanko@stanbic.com
Stanbic Bank Tanzania Limited, ;
P.O.Box 72647, Dar Es Salaam,
Plot No. 99A, Corner of Kinondoni Rd/Ali Hassan Mwinyi Rd,
Closing Date: Wednesday, November 4th, 2020.

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