Director of Credit Risk

A pioneering entity committed to revolutionising financial empowerment for individuals, businesses, and communities alike is seeking a Director of Credit Risk to join their team. With a steadfast dedication to offering integrated financial services, they strive to uplift and enable aspirations while fostering economic growth. They offer a suite of products and services tailored to fuel their customer's dreams and unlock pathways to wealth creation. 

Position Overview: 

Reporting directly to the Group Credit Risk Officer, you will lead the Credit Risk team in the Democratic Republic of Congo (DRC). This role will play a critical part in ensuring the organization's financial stability by proactively identifying, measuring, and mitigating credit risks associated with their operations. 

Your daily adventures include: 

• Oversee all aspects of the credit risk management process, ensuring adherence to credit policies and procedures.  
  
• Lead the development and implementation of a comprehensive credit risk framework, tailored to the unique dynamics of the DRC market. 
  
• Build and manage a high-performing Credit Risk team, providing coaching and guidance to ensure consistent and accurate risk assessments.  
  
• Analyze creditworthiness of potential borrowers and counterparties, recommending appropriate credit limits and risk mitigation strategies.  
  
• Monitor existing credit exposures, identify and manage delinquent accounts, and work collaboratively with collections teams to recover outstanding debts.  
  
• Develop and maintain strong relationships with internal stakeholders across various departments, including underwriting, finance, and operations.  
  
• Regularly report on credit risk metrics to senior management and the Board of Directors.  
  
• Stay abreast of regulatory changes and industry best practices in credit risk management.  
  
• Identify and implement new technologies and tools to enhance credit risk management processes. 
  

What it takes to succeed:  

• Minimum of 10 years of experience in credit risk management, preferably within the financial services industry in Africa.  
  
• Minimum of Honours University Degree in a business-related field preferably Commerce, Accounting, Economics or Statistics.  
  
• Experience in Commercial banking lending, at least 5 years of which must have been in head office Credit.
  
• Exposure to both Corporate & Retail lending will be an added advantage.  
  
• Any professional course in banking/credit, ACCA or CPA or a post graduate degree in Finance/Strategy will be an added advantage. 
  
• Proven track record of successfully developing and implementing credit risk frameworks.  
  
• Strong analytical and problem-solving skills with the ability to assess complex financial information.  
  
• Excellent communication, interpersonal, and presentation skills.  
  
• Proficient in Microsoft Office Suite and credit risk management software.  
  
• Fluency in French and English is a strong plus.  
  
• Understanding of the DRC's economic and regulatory environment is desired