Posted:13 hours ago
By:Hiring Kenya
Company Details
Industry:
Banking
Description:
Equity Bank Limited (The "Bank”) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The address of the Bank’s registered office is 9th Floor, Equity Centre, P.O. Box 75104 - 00200 Nairobi. The Bank is licensed under the Kenya Banking Act (Chapter 488), and continues to offer retail banking, microfinance and related services. The Bank has subsidiaries in Kenya, Uganda, South Sudan, Rwanda and Tanzania. Its shares are listed on the Nairobi Securities Exchange and Uganda Securities Exchange. Equity Bank was founded as Equity Building Society (EBS) in October 1984 and was originally a provider of mortgage financing for the majority of customers who fell into the low income population. The society’s logo, a modest house with a brown roof, resonates with its target market and their determination to make small but steady gains toward a better life, seeking security and advancement of their dreams. The vast majority of Africans have historically been excluded from access to fin
Job Description
Job Purpose
- The purpose of the role is to detect, assess, and mitigate credit risk early enough to avoid defaults, ensure regulatory compliance, and protect the bank's financial health.
Job Responsibilities/Accountabilities
- Lead proactive credit monitoring across SME, Corporate, and non-digital Retail portfolios.
- Identify early warning signals and initiate timely interventions to mitigate credit risk.
- Manage early-stage arrears and implement strategies to reduce delinquency and improve recovery.
- Evaluate and enhance credit monitoring tools and processes for effectiveness and compliance.
- Ensure alignment with CBK Prudential Guidelines, AML/CFT obligations, and regulatory updates.
- Oversee watchlist reporting and ensure timely escalation and review of high-risk accounts.
- Coordinate with GSAM and legal teams for recovery actions, restructuring, and resolution of distressed accounts.
- Track recovery performance and contribute to continuous improvement of recovery frameworks.
- Provide strategic oversight of credit monitoring practices across all group subsidiaries.
- Ensure consistency in credit risk policies and reporting standards across jurisdictions.
- Establish transparent reporting and escalation protocols between subsidiaries and group committees.
Qualifications
Required Skills and Qualifications
- Bachelor’s degree in Finance, Economics, Business Administration, Statistics, or a related field.
- Master’s degree or professional certifications (e.g., CFA, FRM, CRM, CPA, or Diploma in Credit) are highly preferred.
- Minimum of 8–10 years in credit risk management, with at least 3–5 years in a senior leadership role.
- Proven track record in credit portfolio monitoring and reporting.
- Ability to design and implement credit monitoring frameworks, early warning systems, and risk mitigation strategies.
- Proficiency in credit risk assessment, portfolio analysis, and financial modeling.
- Strong command of data analytics tools: SQL, R, Python, Excel, Power BI.is an added advantage. Familiarity with IFRS 9 provisioning, stress testing, and scenario analysis.
Salary: Discuss During Interview
Education: Diploma
Employment Type: Full Time
