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Head of Credit & Investments job at True North Ltd | Apply Now

Are you looking for Management jobs in Uganda 2024 today? then you might be interested in Head of Credit & Investments job at True North Ltd

Kampala, Uganda

Full Time

Deadline: 

25 Oct 2024

About the Organisation

True North Ltd started operations in 2008 under the name Efrivo Services Ltd as an IT & Management consultancy services company. In June 2011, it rebranded under the trade name True North Consult Ltd to reflect its current focus on People Management Advisory Services.
We are proud to be the only people management consultancy in Uganda that is run by qualified Human Resource Management Professionals.

Our niche is in the provision of bespoke management services to organizations of all sizes. The company has a network of over 15 consulting partners with over 10 years hands-on experience in their respective areas of expertise.

Because we are small, every customer is big, therefore you are guaranteed dedicated effort and service from highly qualified and experienced resources.

Job Title

Head of Credit & Investments job at True North Ltd

True North Ltd

Job Description

The Head of Credit & Investment is responsible for overseeing the bank's Credit & Investment operations, managing credit & Investment risk and ensuring the quality of the portfolio. This role requires an experienced credit & Investment professional with a strong background in credit analysis, risk assessment, and portfolio management. The Head of Credit will lead the credit management team, develop credit policies, and ensure compliance with regulatory requirements.

Duties, Roles and Responsibilities

Responsibilities

  • Develop and implement credit & Investment risk management strategies and policies.

  • Oversee the evaluation of credit & Investment applications, ensuring thorough analysis of financial statements, cash flow, collateral, and other relevant factors.

  • Manage the bank’s investment portfolio to ensure a balanced and healthy mix of credit exposures.

  • Develop and update credit policies, procedures, and guidelines in line with regulatory requirements and industry best practices.

  • Lead, mentor, and develop the credit & Investment team to achieve high performance and professional growth.

  • Collaborate with other departments, such as business development, risk management, and operations, to ensure alignment and effective credit risk management.

  • Prepare and present regular reports on credit portfolio performance, risk exposure, and key metrics to senior management and the board.


Specific Activities

Credit Risk Management

  • Develop and implement credit risk management strategies and policies.

  • Conduct thorough credit risk assessments and approve credit facilities within delegated authority limits.

  • Monitor the credit portfolio to identify and mitigate potential risks.

  • Credit Analysis and Approval

  • Oversee the evaluation of credit applications, ensuring thorough analysis of financial statements, cash flow, collateral, and other relevant factors.

  • Make credit decisions or recommendations to the credit committee based on detailed analysis and risk assessment.


Portfolio Management

  • Manage the bank’s Credit portfolio to ensure a balanced and healthy mix of credit exposures.

  • Monitor and review existing credit facilities to ensure compliance with approved terms and conditions.

  • Implement strategies to minimize non-performing Investments (NPIs) and maximize recoveries.


Policy Development and Compliance

  • Develop and update credit policies, procedures, and guidelines in line with regulatory requirements and industry best practices.

  • Ensure compliance with all relevant laws, regulations, and internal policies.


Team Leadership and Development

  • Lead, mentor, and develop the credit team to achieve high performance and professional growth.

  • Set clear performance objectives and conduct regular performance reviews.

  • Foster a collaborative and supportive work environment.


Stakeholder Management

  • Collaborate with other departments, such as business development, risk management, and operations, to ensure alignment and effective credit risk management.

  • Liaise with external stakeholders, including regulators, auditors, and credit rating agencies.


Reporting and Analysis

  • Prepare and present regular reports on credit portfolio performance, risk exposure, and key metrics to senior management and the board.

  • Conduct periodic stress testing and scenario analysis to evaluate the resilience of the credit portfolio.


Financial Responsibility

  • Provide financial insights for the development of new credit products and services.

  • Ensure that new products are financially viable and meet market demand.

  • Ensure that the bank’s credit portfolio achieves an optimal balance between risk and return.

  • Implement pricing strategies that reflect the risk profile of borrowers and market conditions.

  • Advise on the efficient allocation of capital to different segments of the credit portfolio.

  • Ensure that capital is deployed in a manner that maximizes returns while minimizing risk.

  • Ensure accurate recording and reporting of all credit-related financial transactions.

  • Collaborate on financial audits and reviews.

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SERVICES

COMMERCIAL

SERVICES

INDUSTRIAL

SERVICES

RESIDENTIAL

SERVICES

COMMERCIAL

SERVICES

INDUSTRIAL

SERVICES

RESIDENTIAL

SERVICES

COMMERCIAL

SERVICES

COMMERCIAL

SERVICES

COMMERCIAL

SERVICES

COMMERCIAL

SERVICES

INDUSTRIAL

SERVICES

RESIDENTIAL

Qualifications, Education and Competencies

Skills & Experience

Education & Training

  • Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Islamic Finance or a related field.

  • Islamic Banking training and product knowledge is preferred.


Skills & Experience

  • At least 8 years’ work experience, five of which should be in Senior Credit roles, in a busy commercial setting preferably a financial services institution.

  • Proven track record of managing credit risk and a diverse investment portfolio.

  • Strong leadership and team management skills.

  • Excellent analytical, decision-making, and problem-solving abilities.

  • In-depth knowledge of credit risk assessment methodologies, financial analysis, and regulatory requirements.

  • Proficiency in credit management software and Microsoft Office Suite.


Business Behaviors

  • Strong leadership and team management skills.

  • Excellent strategic thinking and problem-solving abilities.

  • Superior communication and interpersonal skills.

  • High level of integrity and ethical standards.

  • Ability to work in a fast-paced, dynamic environment.

How to Apply

How to apply:
To apply, please send your resume and cover letter to exechire@truenorthafrica.com with subject line Head of Credit & Investments by C.O.B Wednesday, 25th October 2024.

All applications shall be acknowledged as received but only shortlisted candidates will be contacted.
All applicants should share their CV's and Cover Letters in PDF or MS Word STRICTLY


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