Head Of Credit job at Equity Bank
About the Organization
In 1984, Equity Building Society -now the bank arm of the group- was founded, and has recorded various key milestones through the years
Job Description
The Head of Credit will be responsible for the overall credit function of the Bank. Establishes internal controls and processes for credit assessments, restructuring, monitoring and recovery in line with Bank overall Strategy and Objectives. Drives initiatives that aim to satisfy both internal and external customers.
Duties and Responsibilities
Strategic Planning and Management
Develop Credit Policies and Procedures: Formulate and implement comprehensive credit policies, guidelines, and procedures that align with the organization's risk appetite and regulatory requirements.
Strategic Planning: Participate in strategic planning sessions to align the credit strategy with the overall business objectives of the organization.
Risk Management: Establish and manage credit risk management frameworks, ensuring the identification, assessment, and mitigation of credit risks.
Operational Oversight
Credit Approval: Oversee and, in some cases, approve large or complex credit applications, ensuring they meet the institution's credit standards.
Credit Portfolio Management: Monitor and manage the overall credit portfolio to maintain a balanced risk profile and achieve target returns.
Loan Review and Monitoring: Regularly review and monitor the performance of the loan portfolio, including early identification of potential problem loans.
Leadership and Team Management
Team Leadership: Lead and manage the credit department, providing guidance, support, and professional development opportunities to team members.
Collaboration: Work closely with other departments, such as sales, operations, and finance, to ensure a cohesive approach to credit management.
Compliance and Reporting
Regulatory Compliance: Ensure all credit activities comply with relevant laws, regulations, and internal policies.
Reporting: Prepare and present detailed reports on the credit portfolio’s performance, risk exposures, and compliance status to senior management and the board of directors.
Stakeholder Management
Customer Relationship Management: Maintain and build strong relationships with key clients, understanding their needs and providing tailored credit solutions.
External Relations: Liaise with regulators, auditors, and other external stakeholders to ensure the credit function meets all required standards.
Innovation and Improvement
Process Improvement: Continuously seek opportunities to improve credit processes and systems, enhancing efficiency and effectiveness.
Technology Integration: Leverage technology and data analytics to improve credit assessment, monitoring, and reporting processes.
Qualification, Experiences and Competencies
A Bachelor's degree in any discipline from an accredited institution.
A master's degree in business, finance or management is an added advantage.
At least eight [15] years' experience in a financial institution within the credit/related function. Of these at least five (5) of which must be at senior managerial level. Exposure to both Corporate & Retail lending will be added advantage.
Sound knowledge of statutory and regulatory requirements of corporate governance, busin business and banking operations
Ability to formulate and execute strategy in lending terms
Communication skills and empathic listening
Exposure to Risk Management
Ability to build and sustain Customer relationships.
Approachable with interpersonal skills
How to Apply
If you believe you can clearly demonstrate your abilities to meet the criteria. given above, please submit your job application cover letter along with a detailed resume, copies of the relevant certificates and testimonials in a single PDF file format, quoting the respective Job title or Ref no. in the subject field to recruitment@equitybank.co.ug
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