Head of Risk and Compliance at

1 month ago

Nairobi, Nairobi Area, Kenya Rose Avenue Group Full time

Rose Avenue Consulting Group is a financial management, strategy and consulting firm that combines deep industry knowledge with specialized expertise in corporate finance, strategy and research.

Together with our clients and partnering companies we address our client's most critical issues and challenges

Job Purpose

Contribute to the overall risk management strategy of maintaining/ reducing the level of risk as the business expands.

Liaising with the leadership team, Credit/operations Managers on the identification and management of risks and highlighting risk concerns for Executive Review.

Develop all risks policies and compliance
Optimizing the trade-off between maximizing revenue and minimizing losses, through in-depth portfolio trend analysis
Assess risks i.e. market risks, operations, reputation/ethics Risks, etc., and advise on mitigation
Provide exposure limits for the various business segments and provide a portfolio product mix
Advise credit teams on the industry trends
Raise the visibility of compliance issues, internally across all stakeholders within the organization.
To influence the profitability of the Loans products through improving decision-making via improved forecasting and modeling capability and delivery of Business shaping analysis

Lead the delivery of loans credit risk analysis, involving cross-functional research and analysis to identify the resolution of credit risk issues.

Key Responsibilities

Continually assess the adequacy of and adherence to internal credit policies and loan administration procedures
Project relevant trends that affect the collectibles of the portfolio and isolate potential problem areas
Provide management with accurate and timely information relating to credit quality that can be used for financial and regulatory reporting
Ensuring consistent application of the internal credit policies and loan administration procedures
Develop the Debt recovery team to recover 90% of non – performing Loans

Develop a Risk Manual, to guide Credit Managers in managing the various credit risks such as Classifications, Debt Recovery, Monitoring, and Control.

Assess and advise the Credit team on the various classification categories and actions to be taken.
Ensure Compliance Policy is in line with the regulatory bodies and as per the MFI Act.
Maximize return on capital
Assessing credit risks on requests outside of group lending going to the CEO and RMC for approval and clearly stating the level of risk and whether they are good for our level of risk assumption and the PAR acceptable levels
Monitor loan repayments globally and initiate/recommend a course of action
Ensuring that the security documentation and other necessary documentation are obtained and completed in all respects before the drawdown of the facility
The initiating, setting up, and maintaining of a system of lodgment and withdrawal of securities

Develop the credit analysis and relationship management skills of the business development coordinators thus ensuring that the BDC loan portfolio at risk is within 5% of the total BDC portfolio.

Identify opportunities to produce innovative ideas to keep risk management at the forefront of Business. Taking account of international practices where applicable such as Basel 2.
Member of the Head office Credit Committee as well as the EXCOM Committee.

Other Requirements

Minimum University Degree in Finance or a related field from a recognized institution of higher learning
A Master's Degree will be an added advantage

At least 8 years of relevant work experience in the Banking sector, with at least 5 years experience in all aspects of lending i.e.

risk assessment, monitoring and control of loans, Loan documentation, Securities
Experience in Internal Audit is desirable
Accounting knowledge and wide knowledge of the microfinance performance
Good decision-making skills
Assertiveness
Good communication skills
Attention to detail
Keen follow up

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