Head of Credit Risk Management Division (SVP-EVP)

Job Description

Title: Head of Credit Risk Management Division (SVP-EVP)

Company Name: A Renowned Private Commercial Bank

Vacancy: 01

Age: At least 35 years

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:

• At least 15 years
• The applicants should have experience in the following business area(s): Banks

• Bachelor/Honors
• Masters

• At least 15 years
• The applicants should have experience in the following business area(s): Banks

• Age At least 35 years

1.    Credit Proposal Review and Approval:

• Lead the review, analysis, and approval of all Credit proposals submitted by business units before they are presented to the Senior Management/Board of Directors;

• Recheck and verify the accuracy of financial models, client assessments, and the overall risk profile of the proposed transactions;

• Summarize key findings and recommendations for the board in a clear and concise manner, ensuring that all risks and mitigants are highlighted.

2.    Risk Policy and Framework Development:

• Develop and implement the bank’s Credit risk management policies, procedures and frameworks, ensuring compliance with regulatory requirements and industry best practices;

• Ensure that Credit risk policies support business growth while maintaining a robust risk management culture;

• Regularly update the credit risk management framework to adapt to changing market conditions and emerging risks. 

3.    Credit Portfolio Monitoring:

• Oversee the monitoring of the bank’s Credit portfolio to ensure that loans and exposures are performing within acceptable risk parameters;

• Implement risk mitigation strategies and early warning systems to identify and address potential problem loans. 

4.    Team Leadership and Development:

• Lead, mentor, and manage a team of Credit analysts and risk officers, ensuring they are equipped to perform thorough credit assessments;

• Provide training and development opportunities to ensure the team stays updated on Credit risk management best practices and regulatory changes.

5.    Risk Reporting and Communication:

• Prepare detailed Credit risk reports for senior management and the Board of Directors, highlighting the current risk profile, emerging risks and any areas of concern;

• Communicate Credit risk management updates and decisions to relevant stakeholders, including senior executives, board members and regulatory bodies.

6.    Collaboration with Business Units:

• Work closely with the business units (corporate, SME, retail banking) to assess Credit applications, ensuring they align with the bank’s risk profile and long-term goals;

• Collaborate with business units & other departments to develop strategies that balance risk management with business development.

7.    Regulatory Compliance and Audits:

• Ensure that all credit decisions comply with internal policies, regulatory requirements, and external audit standards, acting as the primary point of contact;

• Respond to regulatory inquiries and ensure timely implementation of any corrective actions or recommendations.