Director Of Legal, Credit and Compliance

Key Responsibility: Advise the Bank on all legal, credit and compliance matters. Ensure that the bank is legally and sufficiently protected against any claim and that all legal documentation are in order. and updated from time to time. Advising the appropriateness, consistency, validity and enforceability of an collaterals. Assisting in the implementation of the credit procedures by maintaining a tight control over all aspects of advance administration. Actioning all identified credit control events and defaults, in order to reduce rate of non-performing loans. Submitting annual returns and updating of Bank's records at BRELA. Keep the Bank informed of new or changes in legislation. Ensure that Bank is compliant with all regulatory and legal requirements. To review credit policy and procedures and ensure observance of credit standards. To review loan documentation ensuring adherence to loan covenants prior to sign off. Ensure that all collateral and legal documentation in respect of banking facilities and advances granted are obtained. Monitor the credit granting and updating process. Advising the appropriateness, consistency, validity and enforceability of collaterals. To monitor loan portfolio and ensure maintenance of high asset quality. To provide guidance and leadership to recoveries' and securities units. To supervise preparation of various credit reports for internal use and external use. Secretariat to all credit committees. Custodian of all securities for borrowing customers. Ensure compliance with all policies and procedures relating to credit activities. Oversees the implementation and management of the Loan Risk Rating System. Ensure the loan officers are properly trained and are accurately analyzing the risk in their portfolios. Convene and Chair- the Risk Rating Review Committee. Ensure that all pertinent operational and credit risks have been identified and appropriately assessed, along with established controls and action plans to mitigate such risks. Perform any other activities as may be assigned by the CEO. Source: Mwananchi

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