Job Description
HEAD OF CREDIT
Our client is a subsidiary of a leading commercial bank heading the finance industry with an immaculate record exceeding two decades; offering a diversified portfolio of financial services catering to a multitude of sectors through an integrated network of 79 Branches island wide and ranked among the top 100 most valuable consumer brands in Sri Lanka by Brand Finance. In view of their growth expectations, they seek highly motivated, dynamic, and result-oriented professionals to join their organization.
Reporting
Reporting to the Managing Director / Chief Executive Officer the incumbent is responsible for leading the Quality as well as the Profitability of the loan portfolio and overseeing the overall credit functions of the organization by performing credit evaluation, risk assessment, final approval, new processes and procedures and reporting to the board, regulators and other stakeholders as required.
Duties and Responsibilities:
- Responsible for analyzing, evaluating, assessing, and reviewing the credit worthiness and providing the final approval for all credit proposals of the organization and maintaining a good balance between returns and risk exposure whilst ensuring the reaching of targeted credit growth to achieve the desired performance and profitability.
- Responsible for preparing and submitting all required credit files to the higher levels of the Company and to the Board Credit Committee (BCC).
- Lead the credit evaluation team to ensure a high standard of credit quality of the portfolio (maintaining a high quality, low-risk credit portfolio), across the company products, by using up-to-date credit assessment, analysis, and any other learning and evaluation tools.
- Monitor credit portfolio periodically, assess the exposures, be vigilant on early warning signals (EWS), and take proactive action on the asset quality of the portfolio in order to facilitate prompt action against delinquent credit.
- Periodically review and develop the credit approval policies and guidelines and undertake ad-hoc project investigations of required customers, sectors & markets, etc.
- Engage in the development, implementation, review, and monitoring of various credit programs and provide appropriate training and coaching to the team members as well as staff handling credit at head office and branches.
- Identify and implement suitable Credit Risk Mitigation models, Credit scoring tools, etc.
- Critically analyze the loan portfolio, taking into account historical trends, and future forecasts, and provide timely feedback to ensure a healthy credit portfolio.
- Monitor industry trends by way of external data sources, align the existing products, and analyze the impact on the lending portfolio.
- Maintain a good and updated knowledge of all Government and other finance and leasing Acts and laws and regulations applicable to credit and credit recovery.
- Attend all relevant board sub-committee meetings whenever required.
- Ensuring compliance with the Central Bank and all other regulatory guidelines.
- Coordinate & maintain good working relations with all internal departments and external parties to ensure smooth operation of work.
- Oversee and provide support for the effective daily operations and overall functions of the credit and connected departments to ensure good internal and external customer service.
Experience & Qualifications:
- Minimum 10 years of experience with a credit/lending background preferably working in the banking/finance industry.
- Bachelor's Degree or equivalent qualification in the field of Accounting/Finance/Banking.
- Experience gained in credit evaluation as well as risk management functions within the banks/financial services sector would be highly advantageous.
- Good knowledge of all Government and other finance and leasing Acts and laws and regulations applicable to credit and credit recovery.
A market-based remuneration package is offered to the right candidate reflecting the level of skill and experience.
Please forward your complete resume in PDF format with contact details of three non-related referees to [email protected] within 10 days of this advertisement quoting MSL Reference No.8135 in the subject line of your e-mail.
No: 10, Ghatami Road, Colombo 08.
. [email protected]
. 0112015965
