Vacancy title:
Head of Credit

Jobs at:
China Commercial Bank

Deadline of this Job:
20th August 2018

Duty Station:
Dar es Salaam, Tanzania

Summary
Date Posted: 6th August 2018 , Base Salary: Not Disclosed , Employment Type: Full-Time

About the Company

Introduction Founded in 2013, China Commercial Bank is a full-service bank with offices in Dar es Salaam Tanzania. The bank currently operates in Dar es Salaam with one initial branch, but with aggressive plans of expanding nationwide, regionally across Africa, China and the rest of the world. We provide a wide spectrum of corporate, SME and retail banking solutions to meet the needs of our customers. China Commercial Bank specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. The bank also offers an extensive portfolio of value-added solutions for customers, capital markets, global treasury management, transaction banking and other online services.

JOB DETAILS:

KEY DUTIES AND RESPONSIBILITIES

• Set objective goals targets for the credit support function in line with business strategic objectives

• Leads a team of credit approvers to ensure high standard credit quality of the portfolio by using various credit assessment tools

• Review and develop the Bank's credit approval policies and guidelines as well as participate in ad hoc projects of investigative or trouble-shoorting nature on specific customer portfolio

• Assist in the setting up of the credit control system

• Ensure that appropriate credit proposals are submitted to the Credit Committee

• Carry out work in accordance with the banks procedures

• Perform the assigned tasks with integrity and diligence

• Assist with ensuring that Credit supports the approach and contributes to customer satisfaction and the overall performance of the respective Business Units

• Prepare and present quarterly Board Paper reports and any other reports as per requirements

• Ensure the portfolio is within the approved sectorial limits

• Review of all external guarantee funding schemes covering credit exposures and ensuring adherence to payment schedules of guarantee fees

• Preparation and monitoring of all loans that have been syndicated with other institutions i.e. financial institutions etc.

• Undertake close monitoring of the portfolio to look for early warning signs of portfolio deterioration and ensure actions are taken by business units accordingly

• Response to credit correspondence to customers, auditors and BoT

• Monitor achievement of service level agreements with various users and stakeholders

• Devise, implement, review and monitor various credit programs and providing training and coaching to continuously upgrade the competency of self and team members

• Manage the costs within the department effectively

• To do any other duties as assigned by the Chief Executive Officer from time to time.

PROFILE/ KEY COMPETENCIES

• University degree in Finance, Accounting or a related course. • Not less than 7 years of banking experience and 5 years lending/credit related activities

• Credit evaluation experience with complex credit and structured financing

• Excellent interpersonal skills, strong relationship management skills and a confident communicator.

• A team player who can manage efficiently in a changing environment

KNOWLEDGE

• A solid background in credit, 4+ years at decision making level, preferably a track record of operating with a personal delegated authority.
• Thorough working knowledge of the Risk systems monitoring, and its related procedures, for analysing the account behaviour of clients, identifying trends and shifts in credit risk profiles.
• Thorough understanding of bank’s products and facilities that give rise to counter party credit risk.
• Strong technical understanding of non-credit risks encountered within transactions.
• Knowledge of financial markets (Global and especially African economies).
• Thorough conceptual and practical knowledge of credit procedures, policies, standards.

SKILLS and PERSONAL COMPETENCIES

• Ability to adapt style in different situations
• Must pay attention to detail
• Good problem solving ability
• Must be comfortable making decisions
• Customer-centric orientation
• Self-starter with a sound work ethic and follow through
• Strong organisational skills
• Strong consulting and portfolio development skills
• Confident and effective communicator (both verbal and written)
• Proactive approach to relationship building with the ability to manage difficult relationships
• A strong team player
• Post Holder will carry out the responsibility of adherence to the credit policy and all statutory and regulatory guidelines