Credit Risk Monitoring Officer at United Bank for Africa (Z) Ltd

Lusaka, Full Time

United Bank for Africa (Z) Ltd
Location: Zambia
State: Lusaka
Job type: Full-Time
Job category: Accounting Jobs in Zambia

Job Description

Essential Information:
To emphasize and protect high credit quality while encouraging and increasing the Banks market share without compromising risk assets quality.
Reporting Relationships:
Functionally reports to the Chief Credit Officer
Job Duties:

Preparing the banks allowance for credit losses in respect to financial assets, ensuring the bank is in compliance with IFRS9 and banking and financial services regulations for estimating allowances for credit losses.
Drive the achievement of minimal loan loss provision (Max NPL to total loan portfolio of 3%).
Implement the framework for event-based  credit monitoring i.e. Rapid portfolio review
Review all accounts recommended for classification and authorize eventual classification and provisioning as appropriate.
Implementation of policy driven Credit related Sanctions.
Reviews of exception reports prepared by the units and provide guidelines at evolving a regularization framework.
Guiding Business offices on promptly addressing early warning signals.
Preparation of weekly and monthly activity and portfolio reports to the unit head and various stakeholders
Review portfolio for concentration risks, global limits e.t.c. and advise appropriate actions
To ensure that all credit approvals conform to internal credit policy and regulatory guidelines
Ensure that all approved facilities are in line with approved parameters
All other activities as delegated by the Head Credit.

Key Performance Indicators:

Responsiveness to internal customer requests
Efficiency in the classification of accounts in line with prudential guidelines
Efficiency at income recognition and repayment monitoring
Timeliness in the preparation of exception reports/reviews on all credits including product programs
Proactive-ness in the detection of account deterioration and communication of same to business units
Quality of risk assets portfolio (Non-Performing Loans (NPL) to total loan ratio)
Timeliness in the detection and escalation of unauthorized credits
Performance Metrics under Execution Mastery; Timeliness in completion of assigned tasks
Effectiveness at execution of assigned tasks; Efficiency at executing scheduled and adhoc assignments


Strong excel skills and Data analytical skills
Strategy formulation & Business Awareness,
Creativity & Innovation,
Resource Management,
Delegation & Empowerment,
Ability to Inspire & Manage Change,
Analytical Thinking,
Decision Making,
Problem Solving,
Diversity Management
Interrogatory skills;
Communication skills;
Fraud Detection & Control;
Internal Audit practice; Auditing Skills
Accounts Management;
Analytical and Investigation Skills;
Accounting Skills;
Comprehensive Treasury skills

Job Requirements & Knowledge:

Core Business Processes
Industry Knowledge
Banking Operations
Business Risk Management
Credit Analysis
Bank of Zambia Directives

Application requirements:

A good first degree in a relevant discipline (MBA, MSC, MA, ML and/or Professional Qualifications is an added advantage)
3 years banking experience in a related capacity

Method of Application

Qualified candidates meeting the above requirements must send a copy of their CV, a cover letter, and academic qualifications to  before 30th August 2022.