Portfolio Monitoring Officer

The Portfolio Monitoring Officer reports to the Credit Administration Manager. This role is crucial for monitoring the quality of the loan book, ensuring adherence to regulatory standards, providing timely reports on portfolio condition to Management and the Regulator, offering decision support, mitigating risk, and fostering effective stakeholder collaboration.

Key Responsibilities

• Loan Portfolio Monitoring and Management: Ensure that loans are properly graded according to performance as prescribed in the Credit Policy, CBK Prudential Guidelines, and IFRS9 standards.
• Deliver high quality portfolio management reports to aid senior management in understanding risk trends and aiding in strategic decision making by business.
• Monitor the portfolio by providing triggers and changes in performance of the loan Book through the use of the daily refer lists and Portfolio at risk reports.
• Prepare and dispatch prudential returns to the Regulator (CBK) and the Credit Reference Bureaus.
• Proactively identify early warning signs of declining creditworthiness and work with Relationship Managers to ensure early intervention in order to minimize losses.
• Monitoring of exceptions in the loan portfolio to keep it within the Bank’s risk appetite.
• Update and recalibrate IFRS 9 Expected Credit Loss (ECL) model.
• Monitor, notify and implement Central Bank Rate changes for variable rate loans.
• Advise Finance department on Provision requirements on the impaired loan.
• Ensure that data integrity issues are identified and resolved.
• Provide guidance to the Bank on policy requirements relating to portfolio management on existing and new credit products based on lessons learnt from daily monitoring and recommending changes or improvement in the credit policies.
• Ensure strict adherence to all regulations, statutes, standards, practices and all internal processes and procedures as per the relevant manuals and comply with all relevant external legislation and regulations with regard to Compliance requirements.

Qualifications and Competencies

• Education and Professional Qualifications: Holder of bachelor’s degree in a business related field. Professional banking qualifications will be added advantage.
• Experience: Should have minimum of 3 years’ experience in managing a credit portfolio in a commercial bank.
• Technical Knowledge: Should have thorough understanding of CBK regulatory framework and IFRS 9 financial standards.
• Skills: Should be proficient in ICT with excellent working knowledge of MS Excel and data analytical skills. Should have strong technical understanding of the banking regulatory environment. Should demonstrate proactivity, precision and attention to detail. Should have excellent verbal and written communication skills with the ability to communicate at all levels internally and externally.