Credit Risk Manager

  • Full time
  • 1 month ago
  • Salary 000 / Monthly

Job Description

The Malawi Agricultural and Industrial Investment Corporation (MAIIC) is a private sector-led development finance institution (DFI) incorporated in November 2018 under the Company’s Act. It was established to bridge the long-term financing gap in Malawi and spearhead private sector development. As a commercially oriented DFI, MAIIC plays a leading role in socio-economic development of the country in line with the Malawi Growth and Development Strategy III.

Applications are invited for the following: –

Post;Credit Risk Manager

Duties and Responsibilities

Ensure quality asset book growth

  • Make sound credit risk assessment.
  • Make timeous and sound and pragmatic recommendations and decisions.
  • Facilitate, manage and recommend for approval facilities within credit risk appetite and authority.
  • Facilitate continous improvements of facility approval processes and tools.
  • Ensuring approvals are in line with policy, guidelines and schedule of authority.

Management of Credit Strategy;

  • Implement, monitor and maintain a strategic plan for credit function together with an execution framework to support MAIIC’s vision.
  • Manage and control  the unit strategies and campaigns within the team.
  • Assist in preparation, implementation and awareness of new policies and review of existing policies.

Management of MAIIC Customer Portfolio;

  • Timely facility renewals and reviews.
  • Ownership and understanding of the risk profile of the overall portfolio.
  • Coordinate and ensure that the post implementation of facilities and legal documentation is in accordance with the conditions.
  • Articulate credit appetite and give guidance to structure of deals and documents required.

Team Management;

  • Establish an effective team, ensuring that all the required functions are adequately and timely addressed.
  • Ensure capacity and succession planning is in place.
  • Assist with the implementation of HR policies and people management practices.
  • Ensure that the team is competent, trained and that the correct structure, culture and leadership qualities are introduced and maintained.
  • Increase awareness of any applicable statutory governance or legislation.

Monitoring of irregular accounts;

  • Daily management,escalation and control of portfolio irregularities.
  • Monitoring of conditions of sanction.
  • Make timeous, sound and pragmatic recommendations and decisions in managing accounts within portfolio.
  • Managing Watchlist and NPL proceses.

Budgeting and Management of Cost and Revenue;

  • Making budgets for the unit, including provisions, administration and training.
  • Managing costs and revenues within set budgets.
  • Effective offfice administration.

Qualifications and experience;

  • Minimum qualification of Bachelor’s Degree in Banking & finance, Accounting, Economics or Business Administration.
  • Those with a Master’s in business administration will have added advantage.

Key Competencies;

The job holder is required to have 7 years of relevant experience in:

  • Credit Risk Management (analysis and evaluation, monitoring, collateral management, and recoveries)
  • Banking and Finance
  • Accounting
  • Knowledge of Bank credit policies and procedures
  • Knowledge of regulatory framework for Banking and Development Finance Institutions (DFIs).
  • Oral and written communication

How to apply;

If you are interested to apply, please electronically submit your resume and application letter to: [email protected].

All Applications should be clearly marked with the respective position being applied. The application letter should be addressed to:

The Managing Director
Malawi Agricultural and Industrial Investment Officer
Gowa House
African Unity Avenue
Lilongwe

Deadline for receiving applications is 12th February 2021. Only shortlisted candidates will be acknowledged.

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