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Wednesday, July 12, 2017

Credit Risk Manager Job at DFCU Bank - Career Opportunity in Uganda

Vacancy title:
Credit Risk Manager

Jobs at:

Deadline of this Job:
14th July 2017

Duty Station:
Kampala, Uganda

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Job details:
Reports to: Head of Risk
DFCU bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.
Job Summary: The Credit Risk Manager will ensure that credit risk is properly managed under the Bank’s Risk Internal Control and Assurance Framework and advise on risk appetite and risk profile at a business unit level.
Key Duties and Responsibilities:
  • Develop Credit risk control enhancements to ensure that any known credit risks are controlled within acceptable risk appetite.
  •  Render support in providing assurance that credit risk management within the bank is effective and understood at all levels.
  • Ensure all staff adhere to the Operational Risk policy in respect of incident reporting (both internal and external to the organization) seeking root cause analysis and addressing control deficiencies.
  • Actively participate in and lead Credit Risk Reviews to proactively identify significant potential risks in the Business and develop specific recommendations for the Business to action.
  • Facilitate the Credit Risk and Control Self-Assessment (KCSA) process
  • Risk representative on key bank-Credit projects
  • Responsible for the collation, analysis and publication of the Key Credit Risk and Performance Indicators and perform monthly trend analysis.
  • Support the Head of Risk in reviewing the Credit Policy and the maintenance of the Operational Risk Appetite statement.
  • Ensure Bank-wide Policies and Procedures conform to policy standards and are updated at least annually.
  • Keenly monitor the activities of the credit department to ensure that transactions undertaken do not breach set risk appetite and policies thereby ensuring that they are compliant with restrictions lay down by the Board, FIA.
  •  Tasked with the identification of any change in transaction types undertaken by the Credit Business that may affect the agreed Risk profile set by the Board, and FIA.
  • Tasked with the identification and reporting of any regulatory breaches created by excesses over agreed risk limits set by the Bank and the FIA.
  • Responsible for monitoring and reporting of agreed risk issues as part of the Risk Management Structure

Qualifications, Skills and Experience:
  • The applicant for the DFCU Bank Credit Risk Manager job opportunity must hold a Bachelor’s Degree in business related discipline
  • A minimum of five years’ experience in Risk management /credit risk /internal audit.
  • Previous exposure and experience with the Regulatory environment for Banks and specifically the business / economic environment.
  • Working knowledge of banking and related products, risks and processes such that advice is as informed, appropriate and relevant to business needs as possible.
  • Previous experience with enterprise wide risk management practices.
    Experience with dealing with reporting processes to board committees and corporate governance standards.
  • Excellent interviewing skills to enlist required information.
  • Computer literacy i.e. proficiency in Microsoft Word and Excel spreadsheets.
  • Ability to communicate clearly and effectively, both orally and in writing.
  • Ability to foster cooperation and support of stakeholders.
  • Extensive knowledge of credit risk measurement techniques.
  • Broad knowledge and understanding of structure and value drivers of retail and wholesale banking products.
     Possession of flexibility and ability to adapt appropriately to changing requirements and situations.
  • Analytical and possession of an objective and probing mind.
Job application procedure
All candidates who so wish to join the banking sector in the aforementioned capacity are encouraged to send their applications with detailed CVs including present position and copies of relevant professional/academic certificates to: