Head of Credit Risk Management

Job Description

Title: Head of Credit Risk Management

Company Name: Uttara Finance and Investments Limited

Vacancy: 1

Job Location: Dhaka (Tejgaon)

Employment Status: Full-time

Educational Requirements:
∎ Masters in Accounting/ Finance/ Marketing/Economics/Business from reputed universities.

Experience Requirements:
∎ At least 10 year(s)

Job Responsibilities:
∎ Credit Appraisal: Evaluate credit proposals (Credit Risk Analysis, Business/Industry/Market Analysis, Historical Financial Analysis, Projected Financial Analysis, Technical Analysis, Systematic Risk Analysis, Environmental Risk Analysis, etc.) from both micro and macro-economic point of view.
∎ Credit Structuring: Initiate initial negotiation of credit proposals with counterpart. Structure credit matching with client's business nature/need, capacity to serve the debt and assessment of risk associated with lending. Ensure credit structuring in line with Company's credit policy, business policy documents and regulations in force.
∎ Risk Mitigation: Exercise all required due diligence to prepare the credit proposal and present the same before appropriate approval authority. Identify risk issues involved in any of the lending proposals of the Company. Devise mitigations, wherever applicable of credit risk issues. Design the security, collateral, covenants, terms and conditions of the lending.
∎ Monitor & Follow Up: Monitoring to reduce Past Due (PD), Special Mention Account (SMA), potential SMA / classification, deteriorating accounts, sales routine compliance etc.; Coordinate with concerned counterpart to implement Non-Performing Loan Management Strategy as set by the Management Committee; • Review of Drawing Power (DP), Stock Inspection Report, repayment performance; Identify and follow up on additional covenants resulting from unsatisfactory transaction nature, arising out from any unforeseen risk, even before the next review date.
∎ Portfolio Quality: Maintain portfolio which include medium ticket size clients with few complex limit structure. Flag portfolio related issues and inform the Management via line manager on possible risks and possible contingent measures; Identify probable delinquent accounts by observing the irregularity in repayment and instruct Relationship Team for taking proactive measures to ensure due repayment in a timely manner.
∎ Impact on Revenue: Managing assigned portfolio by assisting in healthy credit growth through registering customized solution at different credit scenarios to maintain a consistently conservative yet commercially driven credit culture. Execute portfolio management strategy & also ensure initiating mitigation strategies; Execute management of Non-Performing Loan (NPLs) and impairment of provisions through timely escalation of probable NPL.
∎ Policy & Compliance: Understand business, industry and market dynamics and ensure financing/facility needs of the Company by preparing all credit policy, business policy documents and periodic review of the documents.
∎ Policy Review/Formulation: Ensure completion of any department related projects effectively & efficiently. Regular review of the existing policies of the Company to identify scope for policy improvement and assist in developing formulation of new policies.
∎ Operation/Process: Development and maintenance of own portfolio MIS.
∎ Regulatory Reporting: Ensure preparation and maintenance of all risk management related reporting to Bangladesh Bank.
∎ Coordination: Coordinate with risk managers to ensure timely submission and approval of credit proposals. Act as a Point of Contact for cross-functional and cross-sectional collaboration among various Divisions and Teams of the Company with regard to risk management.

Additional Requirements:
∎ Age at most 45 years
∎ Ability to work under pressure and adapt to changes.
∎ Excellent written and verbal communication skills both in Bangla and English.
∎ Must have literacy in computer operation (Especially in MS Office and Various Software).
∎ Must be dynamic, energetic, self-motivated and self-organized with a positive attitude.
∎ Ability to work with Top Management.
∎ Leadership and Team Management skills.
∎ Minimum 10 years' experience in the relevant field with at least 2/3 years as Head of the Credit Risk Management Department.

Salary:
∎ As per Company Policy

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 3 Jan 2023

Company Information:
∎ 19 Dec 2022
∎ Uttara Finance and Investments Limited
∎ Address : Uttara Centre (4th Floor), 102 Shahid Tajuddin Ahmed Sharani, Tejgaon, Dhaka-1208

Category: Bank/Non-Bank Fin. Institution