Head of Credit at Maendeleo Bank Plc

DUTY STATION: HEAD OFFICE

Job Summary

To provide strategic leadership and oversight of the Bank's credit function by ensuring sound credit risk management, prudent lending decisions, portfolio quality, and full compliance with regulatory requirements, while supporting sustainable business growth and profitability.

Main Activity

• Lead the development, implementation, and execution of the bank's overall credit strategy.
• Provide strong leadership on credit market trends, regulatory developments, and risk management practices.
• Define, maintain, and enforce credit policies, procedures, and guidelines aligned with the bank's risk appetite and regulatory requirements.
• Ensure all credit activities comply with applicable laws, regulations, and frameworks such as Basel III and IFRS 9.
• Oversee end-to-end credit risk and portfolio management across the bank.
• Identify, measure, monitor, and mitigate credit risks for new and existing lending products, customers, and transactions.
• Maintain a healthy balance between risk and return through ongoing portfolio monitoring, periodic reviews, stress testing, and proactive delinquency and non-performing loan (NPL) management.
• Develop regular credit portfolio reporting to track performance, risk exposure, and key metrics.

People and Stakeholder Leadership

Mentor and develop credit teams, set performance goals, and foster a culture of accountability and continuous improvement. Work closely with senior management, business units, risk, compliance, and product development teams to align credit activities with the bank's strategic objectives.

Product Design and Rollout

Support the design and rollout of credit products that meet market needs while maintaining robust risk controls and sustainable growth.

Skills and Experience

• First Degree preferably in Finance/Business Management.
• At least 10 years of experience, with 5 years in management and 3 years in the Credit function at Senior Management level.
• Knowledge of credit and non-performing debts policies and other regulatory requirements e.g., BOT Prudential guidelines.
• Experience in working closely with lawyers on securities and documentation, and legal remedies available to the Bank.

Points to Note

Inclusion: Maendeleo Bank Plc promotes an inclusive workplace. Qualified women and people with disabilities are encouraged to apply.

Fees: The bank does not charge any fees at any stage of the application or recruitment process. Any requests for payment should be treated as fraudulent.

Remuneration

All positions carry a competitive salary and packages commensurate with qualifications and experience to successful candidates.

Application Process

Please note: Send your CV to hr@maendeleobank.co.tz before 31st January 2023.

Contact Information

Email for further inquiries: info@maendeleobank.co.tz