About US:
Tropical Bank Limited was established in 1973 under the name Libyan Arab Uganda Bank for Foreign Trade and Development. Tropical Bank Limited is jointly owned by the Governments of the Republic of Uganda 0.03% and the Libyan Foreign Bank (LFB) 99.97% of Paid-up Capital. The Bank provides professional and personalized commercial banking services to various sectors of the economy including financial support to Parastatals, Corporates, Small and Medium Enterprises, Individuals, and Non-Governmental Organisations.
Job Summary: The Head of Credit will primarily identify, measure, monitor and control credit risk within the Bank’s asset book ensuring the quality of the portfolio remains within acceptable parameters to minimize losses and maximize profits.
Key Duties and Responsibilities:
Lead and develop a team to transfer skills through on job training, coaching, mentoring and ensure harmony among the team to improve performance.
The incumbent will also evaluate, analyse where necessary and structure credit facilities within sanctioning limits as appropriate and within the set turnaround time to book quality deals priced to cover all embedded costs under the risk reward trade-off to achieve the Bank’s disbursement target and grow quality portfolio and minimize losses.
The jobholder will implement relevant and approved terms and conditions as laid down in the credit agreements to protect the Bank’s interest and avoid litigation.
Enforce compliance with Financial Institutions Act, internal credit policies, Central Bank guidelines and regulations on prudential lending norms
Regularly monitor individual credits inclusive of Off-Balance sheet exposures to obligors as well as overall credit portfolio of the Bank to ascertain whether loans are being serviced as per facility terms, the adequacy of provisions, the overall risk profile is within acceptable limits and take remedial measures as and when any deterioration occur.
Undertake portfolio evaluations and conduct comprehensive studies on the industry and environment to test the resilience of the loan portfolio and avoid future losses.
Evaluate and implement appropriate remedial strategies such as restructuring of loan facility, enhancement in credit limits or reduction in interest rates to help improve obligor’s repayment capacity and avoid litigation. A sanitized lending cycle.
Monitor performance of the Credit Department team through periodic performance reviews and ensure that staff are performing in accordance with expected and agreed targets as well as identify and address areas for improvement.
Keenly review and maintain business continuity through robust succession plan for the department to enhance smooth flow of business operations and ensure adequate cover in the face of unplanned interruptions, losses or absence of staff
Qualifications, Skills and Experience:
The applicant for the Tropical Bank Head of Credit career opportunity must hold a bachelor’s Degree in the areas of Economics, Commerce, Statistics or Business Administration.
Additional training/professional qualification in Business, Investment and project appraisal will be an advantage.
A minimum of ten years’ experience in a Financial Institution – four of which years must be in Credit Risk at Management level
Credit Certification or ACIB will be an added advantage.
Leadership and Risk Analysis skills
Significant experience in leadership and managing a big team.
Be a hardworking, self-motivated, analytical and results orientated person with the ability to work with minimum supervision.
High degree of integrity and confidentiality.
Broad knowledge and understanding of internal credit policies and Financial Institutions Act (FIA)
Proficiency in Computer packages and core banking software is a must.
Financial Risk Analysis skills.
Basic legal knowledge will be an advantage.
How to Apply:
All suitably qualified and interested candidates should send an application letter with updated CV to The Director, Future Options Consulting Ltd, 4th Floor, DTB Centre, Kampala Road, P.O. Box 34934, Kampala, Uganda by post, courier or via email to: reception@futureoptionsug.com indicating the position as the subject line.
Deadline: 18th August 2017