Senior Manager – Credit Risk at PASS TRUST | July 2024

JOB GROUP: Managerial

JOB GRADE: C1

FUNCTION DEPARTMENT: Business Development

REPORTS TO: Director – Business Development

MAIN PURPOSE OF THE JOB – (JOB SUMMARY)

The Senior Manager – Credit Risk’s role is to assess and mitigate potential credit risks associated with lending activities undertaken by the Trust. The role holder will be responsible for analyzing credit data and financial information to make informed decisions on approving or denying credit applications, determining credit
limits, and establishing risk management policies and procedures to protect the Trust’s financial interests.

MAIN RESPONSIBILITIES

1. Develop and implement credit risk policies and procedures in line with regulatory requirements and best practices.
2. Assess and analyze credit applications, evaluating the creditworthiness of borrowers and determining appropriate lending terms.
3. Conduct thorough credit risk assessments, including financial analysis, industry risk evaluation, and collateral assessment.
4. Monitor the lending portfolio to identify potential risks and trends and take proactive measures to mitigate identified risks.
5. Review and recommend credit proposals to the delegated authority, ensuring compliance with credit policies and risk appetite. The utmost care must be taken to ensure proper reviewing of applications before approval to control the level of default to a maximum of 5% for the Trust.
6. Collaborate with various departments such as business development, internal audit, risk and compliance, and finance to ensure effective credit risk management across the Trust.
7. Provide guidance and training to business development team on credit risk assessment techniques and best practices.
8. Manage all claims submitted by the lending institutions and ensure appropriate measures as per the credit guarantee contract are taken prior to any claims settlement.
9. Advise the board and Management on all default risks, actions taken and mitigations with regards to credit risk.
10. Manage the entire ageing credit guarantee profile together with the data analyst and Finance and Administration Department to ensure appropriate provisions are booked in the books of accounts.

11. Initiate negotiations and appropriate solutions with the lending institutions, including restructuring and rescheduling of facilities to ensure customer/ clients resolve their credit challenges and meet their repayment obligations.
12. Develop and maintain credit risk models and tools to enhance the accuracy and efficiency of credit decision-making.
13. Prepare regular reports and presentations on credit risk metrics, portfolio quality and emerging risk trends for senior management and board review.
14. Stay updated on industry developments, regulatory changes and market trends affecting credit risk management practices.
15. Ensure all revenue leakages pertaining to credit risk portfolios are attended to.

Job Specifications

Academic Qualifications
1. Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or related field.
2. A Master’s degree or professional certification (e.g., PRM, FRM, CRM) is an added advantage.
Functional Skills
1. Strong understanding of credit risk principles, lending practices, and regulatory requirements.
2. Proficiency in financial analysis, risk assessment techniques, and credit scoring models.
3. Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and levels of the organization.
4. Analytical mindset with strong problem-solving skills and attention to detail.
5. Ability to thrive in a fast-paced environment and manage multiple priorities effectively.
6. Leadership Skills
7. Teamwork

Key Competencies

1. Ability to analyze complex financial data and identify key risk factors.
2. Capability to make informed decisions based on thorough analysis and evaluation of risks.
3. Thoroughness and accuracy in assessing credit applications and risk profiles.
4. Flexibility to adapt to changing market conditions and regulatory requirements.
5. Collaboration with cross-functional teams to achieve the Trust’s objectives.
6. Capability to lead and mentor junior staff members in credit risk management practices.
7. Proficiency in credit appraisal/management software as well as Microsoft Office applications specifically high knowledge in the use of excel in data analytics.
8. Proactive, flexible and adaptable, with the capacity to thrive while working both independently and as well as part of a team in a fast-paced, dynamic environment.
9. High ethical standards and commitment to upholding integrity and professionalism in all business dealings of the Trust.
10. Commitment to the Trust’s vision, mission and values, with a passion for driving positive social impact.

Relevant Experience

1. Minimum of ten (10) years’ experience in credit risk management or a related field, preferably within the financial services industry and with a minimum of five (5) years’ at managerial level.
2. Demonstrated track record of success in evaluating credit risk and implementing risk management strategies.
3. Experience with credit scoring models, financial analysis tools, and regulatory compliance requirements.
4. Previous experience in managing credit portfolios and assessing credit quality across various industries and market segments.

HOW TO APPLY

1. Interested candidates should submit their letter of application, updated CV with three referees and their contact details, academic and professional certificates in PDF format in a single attachment.
2. All applications should be channeled to the email address recruitment2@genoservices.co.tz not later than 22nd July 2024.
3. The applicants should clearly state the job title applied for in the subject line of the email.