Credit Risk Officer at

1 month ago

Nairobi, Nairobi Area, Kenya Yehu Microfinance Services Limited Full time

Yehu Microfinance began as a project of CHOICE Humanitarian in 1998 with 300 female members in a small rural village in the Kwale County, Kikoneni located in the former (before the promulgation of the new Constitution) Coast Province of Kenya.

Summary

As a Credit Risk Officer, the successful candidate will play a pivotal role in assessing creditworthiness, managing risk, and ensuring the sustainability of our lending operations.

Key Specific Responsibilities

Establishment of a Supportive Credit Risk Environment:
Develop and operationalize a sound credit risk strategy aligned with management's risk appetite.
Ensure proactive guidance on conflicts between remuneration policies and credit risk strategies.
Communicate and enforce credit risk policies and procedures across the organization.
Development and Enforcement of Credit Provision Operating Process:
Define clear criteria for approving credit in a safe and sound manner.
Determine the information required to assess the risk profile of each borrower effectively.
Establish processes for evaluating and approving new loans, ensuring compliance with policy guidelines.

Credit Administration, Risk Measurement, and Monitoring:
Oversee the maintenance of a reliable credit administration function.
Develop and enforce an effective credit monitoring system, including risk assessment and measurement.
Implement an internal risk rating system and analytical tools for continuous risk monitoring.

Management of Effective Credit Risk Controls:
Conduct regular assessments of Yehu's credit risk management processes.
Establish and enforce internal controls, operating limits, and best practices.
Ensure compliance with regulatory requirements and risk management practices.

Sustenance of an Effective Delinquency Management Process:
Implement a disciplined management process to minimize loss from delinquent loans.
Develop and enforce a delinquency management policy to detect and address problematic cases early.
Report on delinquency status and actions taken to management monthly.

Credit Risk Management and Business Sustainability Measurement:
Establish and review financial indicators to measure the effectiveness of credit risk management.
Analyze financial statements to assess trends and correlations with portfolio performance.
Identify causal factors affecting portfolio quality and propose remedial measures.

Job Specifications
Behavioral Competencies

Uphold a high level of personal and professional ethics in every aspect of the job.
Ability to operate independently, making informed decisions when necessary.
Consult and clarify where necessary, demonstrating a balance of independence and teamwork.
Possess excellent written and verbal communication skills.

Key skills requirement

Proven experience in credit risk management, preferably in the microfinance sector.
Strong understanding of regulatory compliance and risk assessment techniques.

Capacity to develop frameworks to enable analysis of macro and micro environmental analysis to influence the quality of annual plans.

Capacity to oversee the corporate annual plan process for the desired outcomes that influence the sustainable growth of the institution.


Academic Qualifications:
Bachelor's degree in finance, Economics, Business Administration, or related field.

Professional Qualifications:
Professional qualification (CPA, ACCA) is highly desirable. Other risk related professional qualifications are preferable.

Desired work experience:

At least 4 years' experience in a similar role, preferably in the financial sector with sound exposure to credit or lending and debt recovery.

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