Head of Credit Approval
Job Details
Full Job Description
Job Title: Head of Credit Approval
Department: Credit
Approval
Division: Credit and Risk
Report to: Chief Risk
Officer
Location: BDB Head Quarter
JOB PURPOSE
• The primary
objective of the Head of Credit Approval is to identify, monitor and
manage all credit related risks in relation to Bank operations in
addition to act as the custodian and primary management of risk
related policies, procedures and other governing documents. The
incumbent should also ensure that individual credits are adequately
underwritten, property graded and conform to policy/procedure/delated
authority limits/regulations while complying with the mandated
TATs.
KEY RESPONSIBILITIES
• Review and develop the Bank s
credit risk policies/procedures/charters and models as well as
participate in ad hoc credit risk related projects.
• Helping to
develop the risk strategy and risk appetite of the Bank as it relates
to credit risk and carry out annual refresh of such documents.
•
Credit risk rating model implementation and model validation along
with annual review/refresh of such models.
• Be aware of all
applicable CBB regulations on credit risk and Conduct the following
assessments:
• CBB credit risk management related modules
independent validation reports
• Gap analysis for new CBB
Regulations/Consultations
• Credit Risk reporting to the Risk
Executive Committee (REC), Board Risk Committee (BRC), complying with
the mandated reporting frequency.
• Help prepare quarterly and
annual credit risk disclosures.
• Monitoring and enhancement of
risk appetite statement as it pertains to credit risk.
• Provide
support to other divisions (Banking, Operations, IT, Strategy, HR and
Finance) on credit risk data and other risk related issues.
•
Conduct credit risk awareness trainings to ensure that the credit
standards are well understood across the bank.
• Attending to
internal audit, external audit, CBB inspection queries.
•
Participation in quarterly CBB meetings on financial statements when
required.
• Managing Risk Executive Committee (REC), Board Risk
Committee (BRC) and Board Investment & Credit Committee (BICC)
meetings when required.
• Perform risk review, evaluation, and
credit approval for the following in compliance with the bank s
policies/procedures/delegated authority limits and applicable CBB
regulations:
• New credit proposals
• Review and renewals
•
Restructures and reschedules
• Compromise settlements
• Bank
limits
• Postponements
• Drawdowns
• Other credit related
requests
• Review & update of credit delegated authority
matrix.
• Ensure that sound credit risk measurement and monitoring
frameworks are developed, implemented and followed.
• Own the
credit risk related data within the bank.
• Maintain oversight over
the bank s Credit Risk Portfolio and escalate emerging risks to the
higher management.
• Setting up of objective & clear credit
evaluation and acceptance criteria.
• Assess specific provision
coverage on stage 3 accounts and recommend appropriate levels.
•
Lead all IFRS 9 related tasks, including but not limited to annual
refresh, validation of models, reports etc.
• Engage with the
external stakeholders on credit risk (external auditor, rating
agencies, MOFNE etc.)
• Handle all credit risk related audits and
inspections.
• Any other tasks allocated by the CRO.
•
Implementation support for:
• TCS Core banking solution
• CLOS
Loan origination solution
• CARE risk management solution
(TCS)
QUALIFICATIONS REQUIRED
• Bachelors / Master s
degree
PROFESSIONAL CERTIFICATIONS:
• Professional credit/risk
qualification is a bonus.
Years of experience
• 8-10 Years of
which minimum 8 years of experience should be in banking, the majority
of which should be in a credit management function.
Job Specific
Skills:
• Extensive knowledge of credit risk management processes,
practices and methodologies.
• Familiarity with MS office and
Credit Risk Rating Tools.
• Knowledge of credit risk related
regulations and best practices.
• Knowledge of IFRS 9.
- Banking
- Broking
- Finance
- Treasury
- Head Of Credit Approval
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