Head – Credit Zambia Industrial Commercial Bank Limited

The Zambia Industrial Commercial Bank Limited (ZICB) is committed to meeting its mission of supporting its customers’ wealth creation and growth through provision of customer-centric banking solutions to its chosen segments, in support of commercialisation and industriali- sation of the Zambian economy. In line with its mission, the Bank is seeking to recruit highly motivated, result-ori- ented, well qualified and experienced professionals to fill the following vacancies:

Head – Credit (1)

Reporting to the Chief Executive Officer, the Head Credit is responsible for developing, implementing, and overseeing the Bank’s credit policies, procedures, and risk management strategies. The ideal candidate will have a deep understanding of commercial lending, credit risk assessment, and regulatory requirements, combined with strong leadership and strategic thinking abilities.

Key Accountabilities

Credit Risk Management:

• Update and implement comprehensive credit risk policies and procedures.
• Ensure the Bank’s credit portfolio is effectively managed, minimizing potential losses while maximizing profitability.
• Conduct regular reviews of credit processes to ensure compliance with regulatory standards and internal policies.
• Oversee the credit risk assessment process, including loan approvals, underwriting standards, and credit analysis.
• Oversee Credit Monitoring processes and procedures. Oversee credit recoveries, including review of past due accounts, referring legal matters, review debt collectors reports and credit write-offs.

Leadership and Team Management:

• Lead, mentor, and develop a high-performing credit risk team.
• Foster a culture of collaboration, integrity, and account- ability within the department.
• Provide ongoing training and development opportunities for team members to enhance their skills and knowl- edge.

Portfolio Management:

• Monitor and manage the Bank’s credit portfolio to ensure it aligns with risk appetite and regulatory require- ments.
• Conduct stress testing and scenario analysis to assess potential vulnerabilities in the credit portfolio.
• Develop strategies to manage and mitigate portfolio risks, including sectoral exposure and concentration risks.

Regulatory Compliance:

• Ensure compliance with all relevant regulatory require- ments and internal credit policies.
• Liaise with regulatory bodies, auditors, and other stakeholders on credit risk matters.
• Stay updated on changes in regulatory frameworks and industry best practices.

Strategic Planning:

• Collaborate with senior management to develop and execute the Bank’s strategic plan with a focus on credit growth, profitability, and risk management.
• Identify new market opportunities and assess their credit risk implications.
• Provide insights and recommendations to the executive team on credit risk trends and emerging issues.

Reporting and Analysis:

• Prepare and present regular reports on credit risk metrics, portfolio performance, and key risk indicators to senior management, Bank of Zambia and the Board of Directors.
• Analyse credit data and market trends to support informed decision-making.
• IFRS 9 reporting

Minimum Requirements

Academic Qualifications:

• Grade 12 School Certificate or GCE equivalent
• Bachelor’s degree in economics, Business Administration, or degree in any relevant field.
• Master’s Degree will be an added advantage.

Professional qualifications:

• ACCA, CIMA, ZICA will be an added advantage. Moody’s Credit Course will be an added advantage.

Desired Work Experience:

• Minimum of Ten (10) years in credit risk management within the banking industry, with at least 5 years in a leadership role.
• In-depth knowledge of banking and business operations Excellent communication skills and the ability to interact with senior management, customers, regulators, etc.