Head Of Credit job at Equity Bank

Strategic Planning and Management

• Develop Credit Policies and Procedures: Formulate and implement comprehensive credit policies, guidelines, and procedures that align with the organization's risk appetite and regulatory requirements.

• Strategic Planning: Participate in strategic planning sessions to align the credit strategy with the overall business objectives of the organization.

• Risk Management: Establish and manage credit risk management frameworks, ensuring the identification, assessment, and mitigation of credit risks.

Operational Oversight

• Credit Approval: Oversee and, in some cases, approve large or complex credit applications, ensuring they meet the institution's credit standards.

• Credit Portfolio Management: Monitor and manage the overall credit portfolio to maintain a balanced risk profile and achieve target returns.

• Loan Review and Monitoring: Regularly review and monitor the performance of the loan portfolio, including early identification of potential problem loans.

Leadership and Team Management

• Team Leadership: Lead and manage the credit department, providing guidance, support, and professional development opportunities to team members.

• Collaboration: Work closely with other departments, such as sales, operations, and finance, to ensure a cohesive approach to credit management.

Compliance and Reporting

• Regulatory Compliance: Ensure all credit activities comply with relevant laws, regulations, and internal policies.

• Reporting: Prepare and present detailed reports on the credit portfolio’s performance, risk exposures, and compliance status to senior management and the board of directors.

Stakeholder Management

• Customer Relationship Management: Maintain and build strong relationships with key clients, understanding their needs and providing tailored credit solutions.

• External Relations: Liaise with regulators, auditors, and other external stakeholders to ensure the credit function meets all required standards.

Innovation and Improvement

• Process Improvement: Continuously seek opportunities to improve credit processes and systems, enhancing efficiency and effectiveness.

• Technology Integration: Leverage technology and data analytics to improve credit assessment, monitoring, and reporting processes.