Chief Credit Officer (CCO) at CVPeople Tanzania | June 2024
Job Description
The Chief Credit Officer (CCO) will be responsible for overseeing all credit-related. This role involves developing and implementing credit policies, managing credit risk, and ensuring the integrity of the credit portfolio. The ideal candidate will have a strong background in fintech or digital lending, with a proven track record in credit management, risk assessment, and team leadership.
Responsibilities
- Develop, implement, and maintain credit policies and procedures.
- Ensure compliance with regulatory requirements and industry best practices.
- Continuously review and update credit policies to reflect changes in the market and business environment
- Oversee the assessment and management of credit risk across the organization.
- Develop and implement strategies to mitigate credit risk and ensure the stability of the credit portfolio.
- Monitor and analyze credit performance metrics, identifying trends and areas for improvement.
- Manage the overall credit portfolio, ensuring diversification and minimizing exposure to high-risk segments.
- Conduct regular reviews of the credit portfolio to ensure compliance with risk tolerance levels.
- Implement strategies to optimize the credit portfolio and maximize profitability
- Lead and mentor the credit team, fostering a culture of high performance and continuous improvement.
- Provide training and development opportunities to enhance the skills and capabilities of the credit team.
- Set performance goals and conduct regular evaluations to ensure team members meet their objectives.
- Leverage technology and data analytics to enhance credit decision-making processes.
- Collaborate with IT and data teams to develop and implement credit scoring models and risk assessment tools.
- Stay informed about emerging technologies and trends in digital lending and fintech.
- Collaborate with senior management to align credit strategies with overall business objectives.
- Participate in strategic planning sessions to drive the growth and success of the organization.
- Provide insights and recommendations to senior management based on credit performance and market analysis.
- Build and maintain relationships with key stakeholders, including regulators, investors, and partners.
- Represent the organization in industry forums and conferences to enhance its reputation and visibility.
- Communicate credit policies, strategies, and performance to internal and external stakeholders.
Requirements
Knowledge and Experience
- Bachelor’s degree in Finance, Business Administration, Economics, or a related field. MBA or advanced degree preferred.
- Proven experience in a senior credit management role, preferably in fintech or digital lending.
- Strong understanding of credit risk management principles and practices.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership and team management abilities.
- Proficiency in using credit risk assessment tools and technologies.
- Excellent communication and interpersonal skills.
- Ability to work effectively in a fast-paced and dynamic environment
