The main purpose of the role is to assist CQAU Managers in the delivery of a robust Credit Quality Assurance programme that ensures sound quality in the credit portfolio through effective monitoring and review of the credit environment, processes and related developments, and ensuring compliance with policies and approval terms and conditions throughout the life of credit facilities. The Assistant Manager provides support in ensuring that the Unit’s activities highlight the key risks facing areas or products under review and effectiveness of action plans developed and implemented to maintain sound credit quality in the portfolio.
Vision & Purpose
The main purpose of the role is to assist CQAU Managers in the delivery of a robust Credit Quality Assurance programme that ensures sound quality in the credit portfolio through effective monitoring and review of the credit environment, processes and related developments, and ensuring compliance with policies and approval terms and conditions throughout the life of credit facilities. The Assistant Manager provides support in ensuring that the Unit’s activities highlight the key risks facing areas or products under review and effectiveness of action plans developed and implemented to maintain sound credit quality in the portfolio.
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 actions to be taken in a bid to prevent credit losses.
Responsibilities
• Develop facility monitoring trackers, facility monitoring triggers, collateral monitoring trackers etc. in coordination and under the supervision of unit Managers and Senior Manager;
• Work under the supervision of unit Managers in following up on key decisions made in the monitoring of facilities on the ground and act as a dedicated person on the ground in ensuring that there is a continuous and effective monitoring of facilities until they are fully repaid;
• Work within clear operational guidelines, autonomously managing less complex clients or transactions and supports senior colleagues on more complex transactions;
• Provide support to Managers in Watchlist portfolio management, including reviewing existing customer files and monitoring their repayment patterns to ensure timely regularization of arrears and return of facilities to the regular portfolio;
• Resolving customers’ queries within agreed authority;
• Timely production of call reports and file notes after any client meetings, summarizing any additional actions required, including follow-up calls and reviewing call reports produced by team members;
• Providing support in portfolio review activities.
• Where required, representing the Bank in high level meetings, fora and making presentations in conformity with the high standards for which the Bank has become known;
• Maintaining and improving the Bank’s image across the continent; and
• Carry out any other duties as may be assigned by Management.
Qualifications
A Bachelor’s degree and post graduate degree in Commerce, Business Administration, Banking, Finance, Economics or other relevant field from a recognised university. A professional qualification in a relevant area such as banking, risk management and accounting may be acceptable in lieu of a post graduate degree.
Requirements
• Understanding of credit risk and country risk management process;
• Understanding of credit risk mitigation and financing mechanisms;
• Strong financial and credit analysis skills and undertakes detailed data analysis, financial modelling and research;
• Ability to communicate and function in a culturally diverse and change oriented setting.
• Knowledge of Africa and its banking industry;
• Broad knowledge of applicable statutes, laws and regulations that govern banking and lending in different parts of Africa;
• Excellent verbal and written communication skills in English. Knowledge of the Bank’s other working languages is an added advantage (French, Arabic and Portuguese);
• Ability to interact with senior officials of banks, corporates and governments;
• Demonstrate organisational capabilities, including ability to manage work load with limited supervision to attain goals.
• Being able to multitask, being proactive and able to use initiative appropriately;
• Willingness to travel extensively and to work long hours, with short deadlines, where required in order to achieve the Bank’s objectives; and
• Ability to demonstrate proof of passion and commitment to the socio-economic empowerment of African countries and the ability to support the achievement of Afreximbank’s mandate
• Competency in MS suite (Word, Excel, Power Point)
Experience
Sound banking experience of not less than 5 years and with a leading financial services organisation covering credit risk management, country risk, sector risk analysis, structured and project finance.